MCX Gold in bearish engulfing pattern near 32,000
MCX Gold gave a gap down opening on Wednesday and extended its fall. The precious yellow metal is currently in a bearish engulfing candlestick pattern on the daily charts, which indicates a possible trend reversal.
Immediate support for gold lies near 31,770, breaching which could create panic in prices that could further lead to a drift towards 31,650-levels. For now, any small up move can be used as a selling opportunity.
Financial Advisory which means a lot to a Financial trader and we can do a best with your investments with all mandatory work skills subscribe us now and get two days Free Trial >> Bonaz Capital