April Gold Futures reversed yesterday and closed above at 16538 levels.

The market regained its momentum and closed higher from its crucial support at 16410 levels.

Moreover, the support is at 16410 and then at 16320 levels. Likewise the resistances are at 16620 and then at 16680 levels.

We expect market moving sideways to higher for the today.

Courtesy: Karvy Commtrade Ltd.

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