Mcx Gold Call

A good day for our Mcx tips subscribers. I asked them to sell gold today in morning. It crashed beautifully and our subscribers exited at our target. Here is our gold mcx call today.

Sell mcx gold at 32110 with stop loss of 32190 for target of 32005. It crashed and our subscribers exited at 32005. We minted more than 10k profit in this trade.

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Currently  market is trading lower as USD/INR has crashed and its pressuring precious metals. Comex market is stable while mcx is crashing due to strong rupee. This could change as market is still on and USD/INR may recover in late session. For now Comex gold has a support at 1293. If traders break and sustain below 1293$ then we may see major base testing till 1288$- 1278$.

Resistance on comex gold chart stands at 1302$. If traders break and sustain above 1302$. Then expect more firepower till 1309$- 1317$.

Conclusion: Mcx Gold trend is weak due to usd/inr while comex is in positive zone till its holding our support. Trade cautiously.

By marafat