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Sunday, September 25, 2016

GOLD UPDATES FOR SEPT 26 2016

MONDAY



TRADING  LEVELS FOR MORNING SESSION



MCX GOLD



SUPPORTS                    30870                30430               29990



RES                                31670                32160              32630



WAIT FOR CONFIRMATION



Gold in the International market currently trading at


$ 1336.50 .

The U.S. presidential debate between Republican Donald Trump and

 Democrat Hillary Clinton will take place at 0100 GMT on Tuesday,

with investors looking for indications of who could win the race to

lead the world's biggest economy.

The Federal Reserve seems divided as to when to raise intrest rates .

Hedge funds and money managers cut their net long position in COMEX

 gold for the second straight week in the week to Sept. 20, ahead of the

U.S. Fed policy meeting, U.S. Commodity Futures Trading

Commission data showed.

In the Mcx currently trading at Rs 31240

Immediate resistance seen at Rs 31400

And supports at Rs 31200 / 30960

In dollar terms Res seen at $ 1344


And supports at $ 1330

We will update as and when any movement in either direction

is seen ,


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