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Given the current global scenario and uncertainties, where do you see Gold prices in the coming 2-3 months. Consider events like upcoming US elections, festive season(Diwali),
2nd covid wave in some countries also.
GOLD Futures Daily Chart
As Per daily chart of Gold Futures (December Expiry), there are strong resistance at around 50850 -50900 levels. Further there was breakdown of 50 EMA on 21st Sept 2020. We can also see Dead cross in daily chart in which 20 EMA cuts 50 EMA from above and goes below.All technical factors seems to bearish for me..However we can expect some bullishness if prices cuts 50850-50900 levels.
SHORT TERM GOLD PRICE LEVEL 48000 – 52000