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Gold prices to move lower towards 29450 levels: Premium Stock Tips

Discussion in 'Stock Market News & Analysis' started by Anik singh, May 10, 2016.

  1. Anik singh

    Anik singh New Member

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    It can be observed that MCX Bullion prices are trading in a descending triangle formation on hourly chart . Furthermore, on MCX Bullion Evening Star candlestick reversal pattern is visible on weekly chart . On the other hand, prices are trading below its twelve HEMA on hourly chart . The momentum indicator, MACD has shown negative crossover which suggests negative momentum in cost.

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