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Gold was little changed above USD 1,230 an ounce on Friday as safe-haven gains were capped by an overnight rebound in global equities and oil prices, although technical signals for prices were bullish.
FUNDAMENTALS
*Spot gold was steady at USD 1,235.38 an ounce by 0043 GMT, after posting a small 0.4 percent gain in the previous session. 
*Global equity markets got a boost from an upturn in crude oil on Thursday as the market focused on an upcoming meeting of major oil producers that investors hope could stabilize volatile petroleum markets.
MARKET NEWS
*The yen was broadly softer early on Friday as demand for the safe-haven currency waned after a rebound in oil prices helped spur a rally on Wall Street.
*Global equity markets got a boost from an upturn in crude oil on Thursday as the market focused on an upcoming meeting of major oil producers that investors hope could stabilize volatile petroleum markets.
SELL MCX GOLD AROUND 29700-29730 TGT 29590/29475/29300 SL ABOVE 29875.
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