MCX Gold Mini

MCX Gold Mini All Target Hit 47125 to 47549 – Neal Bhai Reports

MCX Gold Mini All Target Hit: It has finally happened – Gold has staged a convincing break above the $1,800, hitting a high of $1,814.58 at the time of writing. Falling US Treasury yields have prompted investors to buy gold, and cascading stop-losses have also been attributed to the upswing in the price of the precious metal.

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MCX GOLD PRICE FORECAST

Gold Support Key $1760—$1755, Bearish Technicals

Gold support and resistance Key for today: Gold prices pulled back nearly $20 from 7-week highs of $1790 on Wednesday, finishing the day slightly in the red. The rebound in the US Treasury yields triggered the correction in the metal. Bear cross on 1H chart and RSI below 50.00 point to the downside.

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