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Mtechtips GOLD COMEX intraday trading analysis 31-8-2012
Gold spot or comex currently trading at 1658.on intraday basis taking support at 1653 pivot level and moving upwards.rsi also reversing from 50 while cci moving upward from zero mark,so traders above 1653 stay long for target of 1669 and above.but still with bearish divergences so stoploss must be strict on intraday basis.while gold going for positive closing after last 3 weak sessions. there is much more space left for correction!
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