MCX Gold Technical Analysis

Bursting Setup - Gold

Recently we witnessed The Bursting Setup breakout in MCX Gold which occurred for a major 350-400 points as accordance with 60 Minutes MCX Gold Chart 25 January 2016.

We are witnessing yet another Bursting Setup ready for the breakout in MCX Gold.

This is the live example for MCX Gold-

MCX Gold – 60 Minutes

The setup seems to be ready.  Prices are consolidating. Price Pattern is acceptable. Volume Pattern is acceptable. If MCX Gold Crosses 26809 to the upside, it’ll get into breakout mode. Lets see how it goes.

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