ZOID RESEARCH 25-AUGUST-2014 : GOLD

Gold prices are expected to have resistance at $1285 i.e. Rs.27950 and prices are expected to trade sideways to lower till it remains below this. On lower side prices can test $1270 i.e. Rs.27600 and a close below this level will take prices towards Rs.27300 in coming days. Only a breakout above Rs.27950 can take prices further higher towards Rs28030.

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