Gold MCX setup
Gold is trading near support zone from last 4 trading sessions.
Breaking any side out of this range will trigger fast movement.
48000 level is breakout level for this range. One day closing above 48000 will trigger buying,
Buy above 48150
Sl 47950
Target 1 - 48300, 48750
On the flip side 47500 is strong support and closing below this will trigger strong sell off and that will take gold to 46000 area.
Breaking any side out of this range will trigger fast movement.
48000 level is breakout level for this range. One day closing above 48000 will trigger buying,
Buy above 48150
Sl 47950
Target 1 - 48300, 48750
On the flip side 47500 is strong support and closing below this will trigger strong sell off and that will take gold to 46000 area.
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