03:02
Equity Trading
Gold Technical View
MCX GOLD, last week traded sideways and faced strong resistance at 28600. On daily charts gold forms a triangle pattern it faces strong resistance on upper band of triangle. If it break 28600 with supporting volumes than it may find next resistance around 28900. On lower side below 28050 it looks weak and find support around 27870, below this we expect triangle breakout.
Strategy
Sell on highs with the stop loss of 28600, for the target of 27900/27500.
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