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Gold April 2012
Past week it was mentioned that 27220 is a able support, and added weakness beneath that level. But it fabricated a low of 27177 and a aciculate backlash resulted in it authoritative a top of 28085 and assuredly bankrupt abreast to account high. Overall concise trend is bullish and accede abutment at 27730-27510 and attrition at 28310 in advancing days. Buy on abatement strategy.
Today: As continued as hold 28000-28310 balderdash favour. Attrition 28610 and more
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Gold prices could fall further. The fundamentals in an accelerating market, gold does not exist. In the coming days if the situation does not change in the international market, gold prices could slip down to $ 1500.