MCX Gold is moving in a uptrend while the silver and other market is trading in a down trend and the initial gains likely to face resistance at 56700 followed by a consolidation and drift lower. Prices have to successfully surpass 55000 to trigger long liquidation pressure. In gold positive bias is seen as long as 28030 hold the downside. However, breaking of either side of 28450 - 27800 will confirm fresh directional moves.
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