Buy Mcx Gold (Apr) @ 47320 SL 46995 TGT 47900 - Choice Broking
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GOLD
* On the daily chart, MCX Gold has formed bang “Bullish Harami Candlestick” pattern, which is a sign of trend reversal.
* Moreover, the price has taken support at lower “Bollinger Band” formation, which jst indicates bullish strength in the counter.
* Furthermore, the price has also sustained above the Falling Trendline, which acts as immediate supportin the counter.
* Also, momentum indicator Stochastic oo) showed a positive crossover, which confirms positive momentum.
* Volume activity has been rising after a eM Mae Fat correction and momentum indicator RSI Pr (14) also recovered from oversold zone.
* Based aseqd on on the tneabove apove technical tecnnical struct structure, we sat PUD expect a bullish movement in Gold (Apr) fui t g a yu towards the level of 47900 in the near term.
Buy Mcx Gold (Apr) @ 47320 SL 46995 TGT 47900
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