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Gold Technical chart | 18-Nov-2011

 Below is the technical chart of Gold, using Doda-Donchian and Doda-Bollinger Bands indicator. The time frame is daily.

Gold Technical chart
Gold Technical chart


As indicated by our famous indicators, Gold is currently trading near very strong support zone of 1700 - 1705. If it CLOSES below this level, we can expect some correction in Gold. Till then, take / hold long positions only. 1687 is the next support level.

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