Gold April contract on MCX inched 149 rupees down to settle at 29882. Gold traded with negative note for 2nd consecutive day and settled well below psychological level of 30000. Today price objective for bulls would be 29980 any move above that level would bring a retest to 30070-30140-30200 zones. Key resistance would remain at 30260 and any closing above that level would witness a fresh upside move. Support is now seen near 29800 any failure below this level would bring a retest to 29650-500 zones.
Trading range for the day is expected among the key support at 28200 and resistance at 35100.
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