Gold is now facing strong resistance at 30300 of February contract, as it is near expiry so it may give a small bounce back but for near term Gold will be in bearish mode.
So on every rise it is suggested to sell gold .
Sell MCX Gold April contract 30170-30300 Range for a target of 30000-29700.
But as Indian rupee appreciating against US Dollar so be careful if dollar shows its strength again then buy MCX Gold Above 30450 for a target of 31000.
Always use stop loss to minimize your losses.
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