MCX GOLD last week broke its resistance of 28800 and continuously moved in upward trend. On daily charts it showed an upward channel and found resistance of upper trend line. Now if it is able to break 29200 then next resistance is around 29450 above this it is more bullish and finds resistance around 30000. Below 28940 some correction seen and may find support of 28800-28600.
S T R A T E G Y
Better strategy in the MCX GOLD is to buy above 29220. For the target of 29430-30000, with stop loss of 28940.
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