#MCX #GOLD View at 4:00 PM 31th July'2020.

#MCX #GOLD

Analysis time frame:- 1 Hour (Short term intraday to a couple of days view)

Intraday to short term positional :- Sell gold below 53,240 SL 53,683 Target 1 :- 52,850 & Target 2:- 51,826

Reason:- Rising Wedge, elliot wave showing correction, falling volume, and RSI divergence.