MCX GOLD last week showed bullish movements and consolidates around its higher level of 30300. This week we expect volatile movements due to some fundamental and global concerns. If it is able to break resistance level of 30300 then next resistance is seen around 30500. Below 29900 some correction is expected towards level of 29500.
S T R A T E G Y
Better strategy in the MCX GOLD is to buy above 30300. For the target of 30500, with stop loss of 30000.

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