Gold
prices to move higher towards 31700 levels
MCX Gold prices is holding strong support of its horizontal trend line at 31250
levels on hourly basis. Furthermore, momentum indicator MACD is trading above
signal line on hourly time frame . On the other hand, MCX Gold prices have been
trading above its 21 HEMA which indicates short term positive confirmation
to the prices . Moreover, Momentum Indicator RSI is trading above 60 levels in
hourly time frame.
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