Gold October future prices traded higher on yesterday’s trading session by reversing the previous losses.

Market has breached the trend line resistance near 19000 levels and closing above the same suggests upside movements for the day.

However, on the lower side key level to watch is at 18940 levels sustain above is possible to remain higher.

We expect sideways to higher price movements for the day.

Gold MCX: Buy October at 19010 TP 19070 SL 18970

Courtesy: Karvy Commtrade Ltd.

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