MCX:GOLD - chart - 788622
Gold is trading in a sideways zone since past few days. Today it has registered a low near the support zone of 45500. Strong positional support still remains at 45300.For the day there are couple of hurdle that the bulls will have to face if they want to take the price higher. First is the VWAP resistance abv 45790 and next a strong 200 DMA resistance near 45870. If this two resistances are taken out the bulls might get an upper hand. However till then it will trade with lower bias...Till the support of 45500 holds it would be trading in a range with upside cap at 45790.