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MCX Gold Short Term Bearish

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Posted by : Karan Hakim on | Feb 25,2015

MCX Gold Short Term Bearish

We maintain our bearish view in MCX Gold as prices have been in an downtrend since the past six months forming lower tops and flat bottoms within the channel (C-S). Prices failed to sustain at higher levels and have resumed bearish trend, further we expect prices to trade lower for the target of Rs. 25600.

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