Dalal street winners mcx gold forecast for 20 to 24 June 2016
Mcx gold future this week closed with gain at 30615. This was third gaining week for gold prices and in these 3 weeks timeframe gold prices rallied from lows of 28400 to high of 31200+. Total 3000 rupee or almost 10% gains in very short time.
Global risk off trades are increasing and that pushing gold prices to higher levels. For next week mcx gold future outlook remain bullish and strategy remain buy on dips.
Mcx gold already achieved my given target 30200 and almost hit 31400 target with high of 31245 in this week. Above 30200 traders can expect 31400 as target zone on upside. In between gold might face resistances around 30750 and 31245.
Mcx gold weekly chart suggesting fresh long term rally for targets 32400 to 33500.
For MCX Tips by sms visit our subscription section.