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Investors should be cautious on gold after recent rally: Tradebulls Sec

The US non-farm payroll data later in the day could either make gold break the $1,800 level and start fresh momentum on the upside or make the intermediate top

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Gold is facing stiff resistance at around $1,800 levels

Bhavik Patel Mumbai
Gold is the one of the only major asset class to have a positive year-to-date return of around 25 per cent. This quarter has been one of the best quarters for gold after 2009. Gold market continues to go from strength to strength but at around $1,800, it is facing stiff resistance. Today’s non-farm payroll data could either make gold break the $1,800 level and start fresh momentum on the upside or make the intermediate top. The underlying fundamentals are bullish as there are chances of the second wave in China and cases are increasing worldwide. We might see gold

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