Gold has broken its resistance level. Now it is ranging between 70 pips. After breakout of this zone, we can find new trend. Above 1235 level, we can go for buy. Below 1228 level, we can go for sell position. We need to wait for clear breakout.
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Main trend of gold is still bullish. So we recommend to stay on bullish mode. If we find bullish sign from near term support level, we need to look for buy on this pair.
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