Gold futures traded in a very narrow and choppy range yesterday between Rs 27271-27414 on MCX due to 6 major markets US,UK,China,Hongkong,Japan and Malaysia were closed on observance of New Year holidays.
Today Gold Futures opened at Rs 27448 and trading on positively higher as news of Iran successfully producing its first nuclear fuel rod breaks and investors seek to buy as a safe haven.Traders can go long bu buying it near Rs 27420 with stoploss of Rs 27280 with target of Rs 27640.
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