MCX Gold futures edged up on Friday as previous declines triggered some bargain buying around Rs 26700/26800 levels. The counter tested highs above Rs 27000 in intraday moves and ended just below the mark to record first positive close in four sessions. A conclusive break above 50 day EMA was noted in the session and Rs 26900 levels are now auguring as a good support mark.MCX Gold Well Supported At EMA 50
MCX Gold futures edged up on Friday as previous declines triggered some bargain buying around Rs 26700/26800 levels. The counter tested highs above Rs 27000 in intraday moves and ended just below the mark to record first positive close in four sessions. A conclusive break above 50 day EMA was noted in the session and Rs 26900 levels are now auguring as a good support mark.
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