Gold Update: Below 56900 Sell on Rise Target 56380—56220——55880

Gold Update, Gold Forecast, MCX Gold Tips Today, MCX Gold Forecast Today: “The next downside target is the falling trendline support at $1,827 should the previous day’s low give way. Further declines could challenge bullish commitments at the horizontal trendline support from the December 30, 2022 low at $1,812.”

“Recapturing the 50-Daily Moving Average resistance at $1,865 is critical for Gold bulls to initiate any meaningful recovery toward the $1,870 supply zone.”

Gold Update, Gold Forecast, MCX Gold Tips Today, MCX Gold Forecast Today: Gold Below 56900 Sell on Rise Target 56380—56220——55880

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