Thursday, 7 April 2011
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MCX: Gold likely to move further higher
Gold June MCX Future settled almost flat at 21166 during yesterday. In daily chart, a Doji candle stick is witnessed suggesting indecisive mode for the day. However, market closed above the short term trend line (21570-21315) suggesting resumption of bullishness for the day. Market is trading above short and medium term moving averages is an indication of upside. In overseas market Gold
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