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MCX Gold Technical Comment 24 Feb 2016



The yellow metal gained to Rs 29302 per 10 grams on 23 Feb 2015 against Rs 28966 per 10 grams on 22 February 2016. The prices were dull at the start of trades but picked momentum afterwards on the back of bargain buying. The prices of Gold are facing resistances at Rs 29400 per 10 grams and 29500 per 10 grams. The prices tested a low of Rs 29000 and a high of Rs 29397 per 10 grams. Open Interest was 9055 against 8547 on 22 Feb 2016. The prices are expected to face supports of Rs 28800 per 10 grams
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