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* MCX Gold prices have continued to trade with positive bias consolidating at higher levels. It is on back of LBMA Gold spot which has been moving in the tight range of $1440—1390 levels. However the overall trend remains on upside and break above $1440 will take prices towards $1500 levels.
* The above 60 mins chart shows that it has been intact in upward moving channel and as of now consolidation is ongoing. Now break above 35150 level will suggests that trend towards 35500 has started.
Strategy: MCX Gold August buy in the range of 35050-34950 with 34840 as stop loss and target of 35300—350 levels.
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