Gold Market Weekly for Comex and MCX
Gold is seen in an consolidation phase with a upward trend. As compared to last week COMEX Gold performance gold do not sustained on lower level for the most part of the week but on the last day it jumped back and made a weekly close above 1800$ an ounce.
MCX Gold is also in a consolidation phase. MCX Gold price levels if breached above 28400 then it can test the level of 28202/28451/28701 and below 27300 in gold price can test the level of 27150/27000/26850. Trade by keeping the strict stop losses.
Major support in MCX Gold is 26502 and 25201 levels.
Major resistance in MCX Gold is 28701 and 29010
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