Commodity Special Report - Buy MCX GOLD MINI :: Edelweiss,

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GOLD prices are expected to appreciate due to following factors:

• MCX Gold price is likely to reverse after forming double bottom pattern.
• A bullish engulfing candlestick is also signalling reversal in the prices
• In addition, formation of inverted head & shoulders pattern is also visible, suggesting reversal.
• The 14-period RSI, trading above 50 is suggesting bullish momentum for the prices.

EDEL ACE: Buy 5 lots GOLDMINI MCX February Future around 26800 (add 5 lots on dips around 26700), Target1 27200, Target2 27400, Stoploss 26500.

https://www.edelweiss.in/research/Commodity-Special-Report--Buy-MCX-GOLD-MINI/10005353.html