Gold has completed head and shoulder pattern on 30 minutes chart of commex . Right shoulder has been formed and given a target of $1573 . It will result in more downside on MCX buy due to higher USDINR rates of gold on MCX are pegged and will come down soon as equity markets recovers . Be inshort side till it crosses above 29300 on MCX. source; www.rmoneyguru.blogspot.com
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