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Gold Technical Outlook on last trading day of this week before greece crisis announcment

MCX Gold August contract inched changed down by 149 rupees and settle at 26064. Bullish harami candlestick has formed in MCX Gold daily chart. Today support will be at 26040 if sustain below this level the next level will be 25900 around. More fall possible if break the strong level of 25870 then the target will be 25700-600 zones. In a bigger chart 25500 seem strong support. In the upper side Resistance is now around 26250 and then immediate Resistance will be 26300 if sustain above this level gold will start roaring then the next Resistance level will be 26450-550 around in next few trading session. Whole world is awaiting for Greece Crisis bailout package which will declare on coming Sunday. Big Drama may possible in coming days so trade with cautious because Greece matter may hit in all sector.


In the Bigger picture Gold trading range for the day is expected among the key support at 25800 and resistance at 26300.

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