GOLD: (Feb 2012)
major resistance for safe playing for bull, 29400 and think to buy side, downside it must hold 28300. It was unable to hold major weakness, and finally made a low of 27000-27400, It shows weakness to continue. Now in current week, we may consider resistance at 27800-28000-28300, downside support to watch out at 27000, decisively break with volume likely, nonstop target of 25800-25000 in a few sessions. Higher level, be cautious of any buy side. Sell on rise strategy. Best Buy option for gold this week is - buying above 27500.
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