MCX Gold looks to breakout the upper trendline which can cause a short term rally. But the overall picture is bearish as the longer term trend is broken in the downside in the previous weeks.
Buy MCX Gold at 14,944.43
SL at 14,844.89 and hold it till 15,293.51
Risk to reward: 1:3.5, From 15,293 it will drop till 14,750.17
Goldex Cross breakout, target on the chart
Gold is still in the Bull run
PRZ - 16200-16225
Target 1 - 16050 , Target 2 - 16000, Target 3 - 15935.