MCX Gold (Price figures below are in Rs/INR per Kg)
Cover short position at 31091 or below.
Expect higher range of 31153-31319.
Further weakness is below 30850.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
31091.00
31129.90
DOWN
30997.00
16.05
30821
30987
31048
31153
31319
*Trend will remain Down as long as last close is below the pink color DRV.Trend will be Up as long as Price is above DRV. Sideways- No Directional Movement Indication
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