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Tuesday, January 16, 2018

GOLD UPDATES FOR JAN 17 2018

WEDNESDAY 12.05 PPM IST





MARKET UPDATE



International Gold currently trading at $ 1335


Gold prices drifting mildly lower amid profit taking  and a stronger dollar .


Traders continue to rtemain bullish on the yellow metal and currently trading at a 4


month high .


Support is now seen at $ 1331 and $ 1322]



Resistance seen at $  1345 and $ 1355



In the Mcx currently trading at Rs 29782'




Support now seen at Rs 29740 / 29620 and 29550



Resistance seen at Rs  29830/ 29900 / 30100



We will keep updating the levels







Monday, January 15, 2018

GOLD UPDATES FOR JAN 16 2018

TUESDAY   12.40 AM IST




Gold Update



Gold currently trading around $ 1340




Could head upto $ 1360



Support for gold now seen at $ 1335



In the Mcx current;ly trading at Rs 29820



Could test up to 29900 to 30000




Support now seen at 29600 

Friday, January 12, 2018

GOLD UPDATES FOR JAN 13 2018

SATURDAY




WEEKLY ROUND UP



Gold opened this week at $ 1319.20 and closed at $ 1337.25 .


Gold edged higher amid turmoil in Egypt and a slide in the US dollar .


On Friday the data for U S consumer price inflation was released ,


The overall CPI was up 0.1 % which was oin line with expectations .


World stock markets were higher yesterday .


Euro hit a 4 year high against the U S dollar ,



U S stocks continued to rally and marked records closing highs ,



In the Mcx gold hit a low of Rs 29121


And a high of Rs 29580


Bullish trend seems to continue for gold



with Resistance in Dollar terms seen nat $ 1340



And support at $ 1326 in dollar terms .


In the Mcx gold has resistance at  Rs 29650


And support at Rs 29280 to 29300



We will keep updating the levels