Gold future chart technical analysis
Gold future on last trading session closed at 31732 with loss. On daily chart Gold future price trend and momentum both are strong bullish. Gold future on chart now trading above all short term averages and hit 32118 highs in previous sessions. Now prices are in consolidation and correction phase and retracing towards support of 31400.
Gold future above 31400 will remain strong and buy on dips with stop loss for target 32500 and above. Gold future if goes above 32500 then expect super bullish trend and huge short covering rally up to 33200 to 34400.
Gold Weekly chart looking strong and here watch for long term breakout above 32000 for upside investment targets of 33600 to 35100.
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