Commodities
Gold Prices Consolidate Near Rs 1,52,400, Rs 1,52,600 Resistance Zone
Gold prices on the Multi Commodity Exchange (MCX) are consolidating near the Rs 1,52,400, Rs 1,52,600 resistance zone.
Market analysts point to technical indicators suggesting a potential short-term cooling off after a recent strong rally.
The Relative Strength Index (RSI) is at 62, indicating that the recent upward momentum may be easing.
While the long-term trend for gold remains positive, short-term charts show signs of exhaustion.