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Thursday, October 29, 2015

Gold prices sharply weaker after Fed Fund Rate event last night... What to do next??







Finally Gold unable to sustain above 27230 mark. Now 27230 as a key resistance for Gold.


We will expect Gap down opening in it. Gold has support at 26730 and resistance at 27230. Once break and close + weekly close bleow 26730 will take to 26280---26230 mark.



Minor support at 26560 and hurdle at 26930---27060



Try to get an opportunity to sell on rise with stop loss of 27230 on closing basis.



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