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MTECHTIPS:-GOLD
Gold slipped further on global sell off and dipped again to test levels below 28000, the commodity closed with losses around the 200 DMA testing lower levels below 27900. MCX Gold will face strong resistance above the 28100 levels for the session ahead and holding above will open up 28300 levels. On the other hand gold has strong support below 27800 levels and any dip below will test the support of 27600. Gold has broken the uptrend, and is trading with losses.
Gold slipped further on global sell off and dipped again to test levels below 28000, the commodity closed with losses around the 200 DMA testing lower levels below 27900. MCX Gold will face strong resistance above the 28100 levels for the session ahead and holding above will open up 28300 levels. On the other hand gold has strong support below 27800 levels and any dip below will test the support of 27600. Gold has broken the uptrend, and is trading with losses.
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