MCX GOLD AS EXPECTED LAST WEEK GOLD MADE A RALLY TO 27320 LEVELS AND COULD NOT SUSTAIN AT HIGHER LEVEL AND FALL DOWN VERY SHARPLY TO 26572 LAST WEEK AND CLOSED AT 26721 DOWN @ 100 POINTS TO PREVIOUS WEEK'S CLOSING TECHNICALLY AS PER CANDLESTICK PATTERN PRICES HAVE FORMED BEARISH CANDLESTICK INDICATING LOWER FOR THIS WEEK GOLD BEARS STILL HAVE THE FIRM OVERALL NEAR TERM TECHNICAL ADVANTAGE BULLS NEXT UPSIDE NEAR TERM PRICE BREAKOUT OBJECT IS TO PRODUCE A CLOSE ABOVE SOLID TECHNICAL RESISTANCE @ 27350 BEARS NEXT NEAR TERM PRICE BREAKOUT OBJECTIVE IS CLOSING PRICE BELOW 26300 THIS WEEK SUPPORT IS SEEN AT 26300 AND RESISTANCE IS SEEN AT 27200
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