December 24, 2014

MCX GOLD charts

Monthly charts: trend will turn down on close below 25000. Note that in USD, the trend is already down for quite some time but is not showing in INR because of currency fluctuations and customs/ duties etc.

Weekly charts:  trend is down but expect support near 25000. Break of this will lead to more downsides.

Daily charts: there is no trend and GOLD is trading in a range between 25000 and 28000.

No comments:

Post a Comment

Share this...