Gold Price: Where is it headed; when will next move come? Revealed!
Currently,200 day moving average comes around Rs 48850 levels ,which will be going to provide immediate support after that Down channel line will provide strong support levels for the term period (one month period). Similarly, on the upside it will face strong resistance at upper channel line which comes around Rs 52350 to Rs 52500 levels approximately.
Ventura Securities highlights that over the past four months period, MCX Gold price has fallen from Rs 56100 to Rs 47800 levels and is currently taking support at the Channel line and 200 day moving average: Zee Business