The yellow metal found support at the lower end of the rising channel and bounced back. In the near term, the yellow metal can rise higher towards 1263, i.e. 50% retracement level of the entire fall and upper end of the channel. Once it closes above 1263, it can inch higher towards the 61.8% retracement level of its entire fall, which is pegged at 1287. On the way down, 1233 – 1224 will act as crucial support zone. The trend shall remain bullish as long as it does not close below 1224. The daily momentum indicator is bullish.

MCX Trend

If you liked this article, then please share to the social networking site. You can also find us on TwitterFacebook, YouTube, Google+ and Instagram, Telegram.

Today`s Free Power Level & Auto Buy Sell Chart

(Disclaimer: The above chart shown is for study purpose only and not for trading decision)

Currency & Comex Jobbing Range

Contact Form

Name

Email *

Message *

Powered by Blogger.