Posted by Bhupendra Adhav on Tuesday, September 21, 2010

For the next week traders can use buy on lower level strategy if
COMEX Gold sustains above 1230$ an ounce, above 1285$ it can
further go upward and can test the level of 1300$ an ounce. Trade
by keeping the strict stop losses.
Major support for COMEX Gold in the coming week would be
1230$ and 1190$.
Major resistance for COMEX Gold in the coming week would be
1290$ and 1330$
Major support in MCX Gold is 18500 and 17900
Major resistance in MCX Gold is 19300 and 19550

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