Friday, 31 August 2012

MTECHTIPS

MTECHTIPS:-GOLD

Gold in yesterday’s session, witnesses range bound session with positive bias. Gold will witness strong resistance above  31000 levels in coming days any up move will open the resistance of 31180.  The  trend is  positive  and  any profit booking in the commodity may test the supports around  30800 holding below may open up 30600 levels also. Strong resistance may be seen at higher levels in coming sessions, but the outlook remains extremely positive.

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