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Gold Prices have been trading in a consolidation phase with slight  positive bias towards 29100/29170, but we are not expecting major  rallies until it cross above the 29250 region and such initiative lift  prices towards 29330/29400 or even higher. Conversely  unexpected fall below 28800-770 region may drag down the prices  firstly to 28670/28450. 

In Silver, a swing higher is anticipated earlier in the evening. However, inability to clear 57600 on such attempts would invite a major bear plunge targeting 55000 or even 52000 in an extreme scenario. Alternatively, a push past 57600 could put bearish doubts on hold, and a direct rise past 58200-400 would straight away call for 62000


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