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MTECHTIPS:-GOLD
Gold continued the sharp come back rally in yesterday’s session,the commodity gained sharply to close with strong gains. MCX Gold will face strong resistance above the 29000 levels for the session ahead and holding above will open up 29200 levels. On the other hand gold has strong support below 28500 levels and any dip below will test the support of 28300. Gold sustaining at current levels will be positive signal and for a further upside the commodity should consolidate above 28800 levels.
Gold continued the sharp come back rally in yesterday’s session,the commodity gained sharply to close with strong gains. MCX Gold will face strong resistance above the 29000 levels for the session ahead and holding above will open up 29200 levels. On the other hand gold has strong support below 28500 levels and any dip below will test the support of 28300. Gold sustaining at current levels will be positive signal and for a further upside the commodity should consolidate above 28800 levels.
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