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Last Updated : Jul 11, 2016 10:32 AM IST | Source: Moneycontrol.com

Gold prices to move higher towards 32100 levels: Choice Equity

According to Choice Equity Broking , we expect prices should move higher towards 32100 levels in the coming trading sessions.


Choice Equity Broking report on Gold

Gold

MCX Gold prices are trading above its Rectangle breakout on hourly basis . On the other hand, MCX Gold prices have been trading above its 100 HEMA which indicates positive confirmation to the prices . Further, COMEX Gold is trading in Higher high Higher low formation on daily chart . Moreover, Momentum Indicator RSI is trading above 50 levels in hourly time frame.

Outlook

For now we expect prices should move higher towards 32100 levels in the coming trading sessions.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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First Published on Jul 11, 2016 10:32 am
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