MCX Gold February futures held the key support level near Rs 48,600 and witnessed sharp recovery towards the 5 day EMA at Rs 49,240. Meanwhile, price is facing resistance of 21 day EMA (49,560), which could be the key level for the day, followed by the higher end of the consolidation range at Rs 49,700. On the momentum front RSI is trading below50 (44) suggesting a sideways trend. RSI needs to move above 50 if the bulls have to take ..

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