Is Gold Price Setting Up for an Uptrend?
MCX gold overall trend is upward. The position can be initiated at 52360. It will keep moving upward after consecutive closing above the control price. And we may see prices at 53000 – 53660 – 54000 – 54600+ levels.
Don’t forget to follow the control price (CP). If gold breakdown CP, it may fall to 51360 – 51000 – 50500 – 50000 levels. Watch out the selling level on the chart.
Silver Breakout Not Confirmed Yet
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