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Sunday, April 24, 2016

GOLD UPDATES FOR APRIL 26 2016


SUNDAY



WEEKLY UPDATE



Mcx Gold M was traded in positive direction and ended up with negative note, prices



moved to 29000 to 29600 levels and dropped back to close at 2895 levels, trend



for short term remains bearish and we expect further correction up to 28500 levels,



immediate supports for the commodity is now at 28750 – 28640 and 28500



resistance for the commodity is at 29140 – 29350 levels.



Weekly Call :



Sell GOldM at cmp 28950



and add further on rises up to 29050


with SL above 29370


for targets 28640 – 28500.



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