AHMEDABAD (Commodity Online): Gold was slightly mixed in the last trading session closed unexciting up by +0.11% at 27215, with low volume in Indian market as MCX market closed due to festival holiday. Many investors shows their unwillingness to take fresh positions in market as US nonfarm data will release today evening which give clear direction to precious metals for coming weeks. Gold stays in sea-saw move during this week due to mix movement of US economical data, US dollar Index and fear of recession for US and Euro zone. On MCX, Gold October delivery contract rose by 1.59 percent to 27668 rupees per kilogram on Friday evening. According to Amrita Mashar, analyst with Commodity Online, A big surprise in the US jobs data could move Gold prices up or down. But the looming holiday may help keep trading in a range. Immediate support looks at 27200 and resistance stays at 27900 rupees. On account of negative US job data will help Gold and Silver prices at higher end of weekly trading range. To get in touch with the Analyst on this report or to get a free trial on trading advisories call 079-40275050 or mail to tips@commodityonline.com

Source