Gold intraday market is opened in the negative phase and the market is heading in a negative trend. Gold prices hit their crucial support 27500 and the gold prices recovered sharply from a dip below the given level, indicating that the primary trend still remains bullish and any dip towards the given level is a buying opportunity. MCX Silver prices are trading close to crucial support level at 56,900 and a dip below the given level on closing basis would encourage more selling towards 55,500-55,700 levels.
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