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 After falling 1500 points, Gold is strangle between buyers and sellers, resulted tight range trading in last and this week.

On the lower side 29550 giving strong support, breaking this level will give more bearishness to gold and it may fall up to 28800-28250,while on the upper side buyer try to rally the gold up but seller seems more strong, as we can see profit booking on the higher level,thus 29950-31150 seems resistance for the gold. Breaking this level may tack gold to 30550-30750 level.

We are expecting to gold may tumble between these to levels. Only any breakout above or below may shine the future of gold.