13th November MCX Commodity Tips and Gold Trend Today

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Gold Trend
Prices are expected to trade sideways to lower for the short term as market has retested 18-Day EMA of 30953 levels and witnessed selling interest. Now the current bearish corrective leg could extend towards 29790, where middle line of Bollinger Band falls followed by 28550 and 26800 levels for the medium term. On Daily charts declining resistance trend line drawn from 29th Oct highs has been acting as strong resistance is at 30950 levels, which will act as immediate resistance.

MCX Commodity Tips
Sell MCX Gold at 30200, Stoploss 30280, Target 30000.
Sell MCX Silver below 47200, Stoploss 47480, Target 46900.

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