GOLD UPDATES FOR OCT 12 2016

WEDNESDAY



TRADING LEVELS FOR EVENING SESSION



MCX  GOLD



SUPPORT                         29530                     29350                         29170



RES                                 29900                      30040                         30220


WAIT FOR CONFIRMATION


Gold under strong pressure in face of a strong dollar .


 The precious metals are weighed down by a solid rally in the U.S.


 dollar index, which hit a seven-month high 


The minutes from the FOMC meeting expected today which will have a bearing on bullions .

Currently trading at Rs  29681


Immediate resistance seen at Rs 29740


And support now seen at Rs 29500



We will update as and when any movement is seen  .


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