Gold MCX Weekly Technical Analysis

By | July 7, 2013

Gold Mcx Weekly

jchartsGold MCX  Weekly chart is forming a falling wedge formation with positive divergence..

Gold Weekly

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Gold in international market is at 3 year low and holding support of 1180 which is at 61.8% retracement on weekly chart.

Gold Mcx Monthly

jcharts (2)

Monthly chart is forming a descending triangle with support at 24800. Positional traders can use the below mentioned levels to trade.

 

Gold Trend Deciding Level:26073

Gold Resistance:26450,26870 and 27060

Gold Support:25610,25200 and 24700

Levels mentioned are 05 Aug Gold Futures

2 thoughts on “Gold MCX Weekly Technical Analysis

  1. Bramesh Post author

    Dear Sir,

    Thanks a lot … Mistake corrected..

    Rgds,
    Bramesh

  2. Nambi

    Dear Mr Bramesh, A small typographical error,in Gold MCX, I think.Should support and resistance be reverse figure? Nambi

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