MCX Gold June as seen in the weekly chart above has opened at 28,362 levels and then sharply corrected up-to 27,855 levels, but was not able to breach the support level of 27,600 levels and prices rallied sharply from support level to 28,999 levels. Later prices closed in a positive note. We have seen that the bullish candlestick formation has been formed on the chart which is known as “Piercing Pattern”which is the indication of further bullish trend. Prices found very good resistance at 29,200 levels......
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