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Sunday, August 16, 2015

GOLD UPDATES FOR AUG 16 2015

SUNDAY





WEEKLY UPDATE




Gold in international market last week taken supports at 1085$ and bounced to 1125$, prices was not able to sustain



at higher levels and dropped back to close at 1114$, over all trend for the commodity remains



bearish and we expect prices to drop back to 1100 - 1090 $ in the days to come, immediate



resistance for the commodity is now at 1130$ and supports at 1100$ and 1090$.



Weekly Call :


Sell International gold between 1114$ -1120$



with sl above 1130$



for targets 1110$ and 1090$



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