In last week gold gained +273 rupees. If MCX gold will close above to 30070 level then we can see upside rally up to 30300-30530 level.
Don’t forget: gold can show up a rally in only 1 condition “it will need to close at / above 30070 level“.
If that not happen then gold downtrend will begin soon and it can drop up to 29790-29650-29550 levels.
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