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In MCX Gold, present correction rally less likely to continue unless 27160 region  gives way, this would call for a swing lower towards 26900/680  with the participation of volume . If prices win over 27160 would elevate the possibility of a turn higher against 27260/27350 initially then to 27570.

After taking support just above the lower end of daily Bollinger  band i.e. 49750, Silver prices pulled back in the early session. Day’s bias  expect to resume the recovery moves towards 51100/51500 or even more. An unexpected sell off below 49700 would rekindle bearishness towards 47000 lat


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