Tuesday 19 February 2019



MCX Gold price has been rising continuously from last four days, which indicates bull run will continue in upcoming trading sessions. On the daily chart, price has sustained above upper Bollinger band. Moreover, price has moved above Ichimoku Cloud, which confirms bullish trend for near term. On the other hand, COMEX Gold has breached previous resistance of $1326.10 and sustained above it, which indicates the positive strength in the counter for near term. Hence, we expect bullish move in the prices for the day.


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