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Gold Support & Resistance to Be Kept Under Watch for Trend Reversal Confirmation

Indian jeweller association is relentless and is trying to put pressure on govt as its strike has entered 13th day against raising of import duty from 2% to 4%.

Now keep a support at $1600/ounce under watch as it means that primary trend has become weak and if the level of $1500/ounce is broken, than it is a sign that trend has reversed.

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