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Gold MCX Daily

17 Feb 2014 ‚óŹ 04:41 AM

  GOLD MCX            
 TIME TARGET  TREND   REVERSAL TIME 
 Short term trend 30010 Up 29000 1-5 Days

*changes are marked highlighted in brown

Gold closed above both the averages, supports are 29248 and 29000  and target 30010. Wave iii up should continue. Being budget day if the gold duty is rolled back there could be some volatility in gold prices in India due to that, a downward reaction is possible on such a move but the trend should remain up.

gd170214

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