MCX Gold December contract changed 407 points down and closed at 26083 yesterday. Gold today support will be around 26010-25980 areas if sustained below these levels then more correction possible and then the next support will be around 25850-750 and more. In the upper side Resistance is around 26450 and 26490 areas if sustained above these levels then the next resistance will be 26650-26750 areas. Strong area 26800 will remain strong key resistance and any sustained move upside.
In the last few days due to less demand from asian market gold may continue to the down side, traders try to sell on rally.
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