Here I have compared Gold Spot (CFD) with Indian MCX Gold to identify this week’s trend.
In the chart, there are two different support levels. Wherein support level 1860 is for gold spot, and 49260 for the MCX gold.
I have used moving average and volume on Indian gold. At present, 50 MA is turning downside. If it breaks the parallel channel (PC), gold will fall for 50000 – 49860 – 49500 levels.
According to this chart, gold is trying to climb upward after hitting the PC. And if it remains into the PC, we may see 51000 – 51500+ levels before the weekend.
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sir, thanks for sharing,
the first target reached and the second is almost there what should I do?
should I book or wait for the second target?
sir pehla target touch ho gaya he buy karu ya nahi ?