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Dear List,

 

General View:

 

Regarding the conjunction of Rahu - Sun (karaka for gold) close, gold is

expected to have fluctuations. Strong Jupiter's (gold karaka) influence on

the Sun's dispositor, Saturn (masses) is helpful. Saturn's frequent weakness

in Cancer adds to the volatility.

 

 

[Technicals from my market view]

GOLD's bullish tone hasn't manifested since the post this morning. The

important 38% retracement level has just been hit (655). Level support is

seen in the 645/55 band and resistance is the mentioned 680. This

market into next week should be punctuated by fluctuations.

 

 

Best regards,

 

Vyas Munidas

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