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MCX GOLD Outlook, Commodity Intraday Calls

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  • Friday, August 12, 2011
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  • MCX Gold futures slipped from record highs as investors cashed in some profits from a strong record, following a move by CME Group to hike margins for trading COMEX gold futures and price decline was also supported by positive equity markets.

    Traders are recommended to Buy it above 25940 for target of Rs 26000-26080 with stoploss of Rs 25860. ELSE sell it below 25800 for target of Rs 25730-25650 with stoploss of Rs 25865.

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