Gold Bias: Consolidation Resistance: Rs 53,130 Support: Rs 51,630 Last close: Rs 52,261 The MCX Gold futures are currently testing support around the short-term moving averages (20-DMA) on the daily charts, placed at Rs 52,040-odd levels. The next immediate support for the Gold futures is at Rs 51,630-odd levels - its 50-DMA.
As per the price-to-moving average action, the bias remains positive for MCX Gold futures as the prices have managed to sustain above the key moving averages, further the 20-DMA is also above the 50-DMA. According to the daily charts, as long ...
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