As expected MCX GOLD prices moved lower and achieved our short term target of 29100 levels. Technically, it suggests that prices have breached crucial short term trendline levels at 28850 levels. The COMEX Gold price has completed a “Bearish CYPHER Harmonic Pattern” at 1260 levels. The momentum indicator RSI is trading below 50 levels on hourly chart which gives negative confirmation to the prices. For now we expect prices should move lower towards 28550 levels in the coming trading…
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Today’s MCX,Commodity Market Tips On Gold
Gold prices inched down early on Friday to hover around their lowest in nearly two months, with investors waiting for key US non-farm payrolls data later in the day.https://www.starindiaresearch.com/mcx-tips.php
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Gold futures extended their gains on Monday Gold futures extended their gains on Monday on expectations that the US Federal Reserve will not hike interest rates soon and investors become more optimistic about continued gains in the yellow metal.Continue.....For more information visit:-http://goo.gl/K6ScM6