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Market view for Sep 01, 2011

Gold moving in a tight band between 1810-1840 as I wrote yesterday. Today major level to watch for gold is 1810 a failure below 1810 will take it 1780-1755 zones. Further upside only possible above 1842 other wise avoid buying for the day.

Mcx trader can use 26950- 27420 as a tight band and selling pressure may take place below 26950 and gold will try to kiss it's recent support of 26630. Avoid buying till gold trading below 27420.
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