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
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.
For now we expect prices should move higher towards 32100 levels in the coming trading sessions.
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First Published on Jul 11, 2016 10:32 am