Gold Update
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Gold coming back to around 616 levels.
Solid Dip which it has taken, Signs of Profit taking after 2-3 days rally due to Heavy Fund buying, and due to Physical Buying for Festive : ONAM - in India.
Traders expected to book profits, and in related due to Strong Dollar since morning, a recent pull back appeared.
Technically, Gold is OverSold, and it should bounce back soon.
EUR/USD sticks at same levels 1.2720, No signs of Big movements yet.
Chatters going on in the market, for further decision.
posted by GoldTrade @ 7:45 AM
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