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As recommended earlier that Gold could face resistance at 38000-38100 area. And it is getting supply at this range. Now on downside 37700 is crucial area. If manage to sustain and close below this then , as written earlier it can under go a huge correction. On higher side upside can be resumed once manage to close above 38200. So trade as per the levels.Click here to see Gold Commodities India's all calls.
Now spot Gold, if break and close below $1504 then bigger correction can be seen in coming sessions. For today it will face resistance in the range of 38000-38100. On downside 37700 a support area., close below this then sharp downside can be seen in coming days.Click here to see Gold Commodities India's all calls.