It's been a range bound session for MCX Gold futures so far. Gold is currently trading slightly lower at 27416 after touching an intraday high of 27569. Since rupee is getting strong against dollar therefor gold prices are likely to remain under pressure.
Technically It is facing resistance near 27600 level which if get breached, we can see prices to reach above 27700-800 level while below the support level of 27400 it is expected to suffer some sell off.
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