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Gold Technical Comment For 14th Jan 2015


Gold prices were mostly static in the intraday trade moves on Tuesday. The trades are still range bound in Gold as the prices have refrained from moving above Rs 27200 and on the lower side, a support of Rs 26800 looks solid. Last day, the prices ended the trades at Rs 27055 per 10 grams. The parallel trading pattern in Gold suggests that taking a call on either of the sides will be risky. During the session on Wednesday the prices tested a high of Rs 27262 per 10 grams and a low of Rs 27005 per 10 grams. Volumes were lower at 17556 against 16062.
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