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Saturday, March 2, 2013

Gold weekly : pullback in progress

After a shart falling the first deep found some buyers indicated as inverted hammer/ inverted doji.
Possibly gold may reverse for testing newly found resistance at 30000.

      Daily gold chart also confirming my opinion by showing a positive diversion so its good to wait for Monday and if gold opens higher then Good to go for a long position in buying ;)

Daily support : 29500 , 29200
Daily resistance:  29750, 29950

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