Friday, 24 August 2012

MTECHTIPS

MTECHTIPS:-GOLD

Gold in yesterday’s session, witnesses  another day of sharp up move as the commodity gained to close above 30800 levels.Gold will witness strong resistance above  30890 levels in coming days any up move will open the resistance of  31000. The trend is positive  and any profit booking in the commodity may test the supports around 30600 holding below may open up 30400 levels also. Strong resistance may be seen at higher levels in coming sessions, but the outlook remains positive.

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