GOLD MCX Analysis

#GOLDMCX has broken the black bull flag to the downside but is still within a blue uptrend channel.

The Indian government has proposed a reduction in customs duty on gold and silver from 10% to 6%. This initiative, part of the Union Budget 2024, aims to make gold more affordable domestically, potentially boosting the jewelry sector.

I am considering buying near the support level at 66600-500, followed by strong support at 63500.