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MTECHTIPS:-GOLD
Gold continued the downtrend and dipped again to test the supports of 28200, the commodity closed with losses with some recovery from its lows. MCX Gold will face strong resistance above the 28400 levels for the session ahead and holding above will open up 28600 levels. On the other hand gold has strong support below 28150 levels and any dip below will test the support of 28000. Gold has broken the uptrend, and if the commodity holds below 28000, lower levels may be seen.
Gold continued the downtrend and dipped again to test the supports of 28200, the commodity closed with losses with some recovery from its lows. MCX Gold will face strong resistance above the 28400 levels for the session ahead and holding above will open up 28600 levels. On the other hand gold has strong support below 28150 levels and any dip below will test the support of 28000. Gold has broken the uptrend, and if the commodity holds below 28000, lower levels may be seen.
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