MCX Gold futures are trading near 200-DMA; Money likely to test 200-WMA

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The MCX Gold futures may test its support at the 200-DMA placed at Rs 49,750, while the Silver futures may dip towards the 200-WMA placed at the odd level of Rs 53,900.

Topics
Gold | Money | gold and silver prices


Rex Cano |
Bombay



MCX Gold August futures have traded with a negative bias for the past two consecutive weeks and are down 3.5% over the period. Gold futures are now within striking distance of some of its technical levels on both the daily and weekly charts.


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First published: Monday, July 18, 2022. 09:08 IST

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