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Wednesday 30 March 2011

Technicals for gold trading for the week


Gold decline continues 4th straight day due to
profit taking from the record level but down
sides limited due to instability in financial
market return the safe haven buying on the
dips and a solid euro limited the losses.

gold main trgt is 1574$  it has break out 1442$
on closing basis abv 1445$ is good sign for buying for main trgt 1574$
keep in mind 1412$-1392$ for support lvl.

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