- Nifty daily shows a bearish engulfing pattern But price continues to remain in a range. Only if price trades below the range the bearish engulfing pattern will be effective.
- MACD and price is starting to diverge negatively. This also need price confirmation by breaking below the range.
- Month chart continues to remain strong But price is trading near strong resistance zone near 8654
- GOLD SUPPORT AND RESISTANCE LEVELS
July 22, 2016
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