GOLD UPDATES FOR FEB 26 2016

FRIDAY



TRADING LEVELS FOR MORNING SESSION



MCX GOLD




SUPPORT 29660 29525 29400




RES 29900 30050 30250



WAIT FOR CONFIRMATION



Gold in the International market cuurently trading around $ 1239




Support now seen around $ 1235



Yesterday in the morning session hit a high of around $ 1442 levels



It retraced in the evening session after the unemployment data was released


But moved up again



Trades remained choppy



Yesterday hit a high in the MCX ot ard 29825 levels



Hit a low of around Rs 29380 levels



In the MCX immediate support now seen below Rs 29500



Res seen above Rs 29850



Traders have to watch the levels of $ 1235 which is immediate support.



Some analyst say Gold could test upto $ 1260 levels