MCX Gold futures dropped for a sixth session as a long weary movement continued amid lack of buying support. The counter has been locked in a strong bearish wave after breaking under the 20 day SMA. Prices tested a low of Rs 25710 yesterday and only a break above Rs 25800 mark can bring in some intraday buying. However, for short term, further downside from here could be limited as the lower Bollinger bands approach around Rs 25680 levels.
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