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MTECHTIPS:-GOLD
Gold consolidated around 29200 mark as the commodity took support at lower levels intraday. MCX Gold will face strong resistance above the 29250 levels for the session ahead and holding above will open up 29400 levels. On the other hand gold has strong support below 28800 levels and any dip below will test the support of 28600. Gold sustaining above the 29200 levels is a positive signal and if it manages to trade higher more upside is seen.
Gold consolidated around 29200 mark as the commodity took support at lower levels intraday. MCX Gold will face strong resistance above the 29250 levels for the session ahead and holding above will open up 29400 levels. On the other hand gold has strong support below 28800 levels and any dip below will test the support of 28600. Gold sustaining above the 29200 levels is a positive signal and if it manages to trade higher more upside is seen.
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