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Gold Update

Posted By On 4:48 PM Under
1. Global market is seeing a partial sell off in gold market due to requirement of funds to manage the margin calls due to world wide cascade effect in stock markets.

2. USD 755 is a good support for gold and if market closes below USD 755 one may see a correction which may take the gold prices to $740.

3. One can exit in gold futures partially to the tune of 50% in case $ 754 barrier is broken. However long term trend of gold market is up.


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