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MTECHTIPS:-GOLD
Gold witnessed some support at lower levels on Friday to recover from lows and managed to close above 29500. MCX Gold has resistance above the 29800 levels for the session ahead and holding above will open up 30000 levels. Support for Gold is seen 29300 levels and any dip below will test the support of 28900. Gold has corrected after a gradual upside for the commodity to test higher levels it must now hold strongly above the current levels.
Gold witnessed some support at lower levels on Friday to recover from lows and managed to close above 29500. MCX Gold has resistance above the 29800 levels for the session ahead and holding above will open up 30000 levels. Support for Gold is seen 29300 levels and any dip below will test the support of 28900. Gold has corrected after a gradual upside for the commodity to test higher levels it must now hold strongly above the current levels.
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