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.
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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