GOLD UPDATES FOR OCT 13 2016

THURSDAY



TRADING LEVELS FOR MORNING SESSION



MCX GOLD


SUPPORT               29470                     39310                   29130


RES                         29860                     30070                     30260


WAIT FOR CONFIRMATION



 Gold prices fell on Tuesday as the dollar strengthened on increasing

 bets that the Federal Reserve will raise U.S. interest rates in December.

Gold recovered from lows yesterday  .


In the Mcx hits a high of Rs 29779


And a low of Rs 29590


Currently trading at $ 1262 .


Immediate support seen at $ 1250


Res seen at $ 1270


In the Mcx Currently trading at Rs 29825 


Immediate Resistance seebn at Rs 29860

Supports at Rs  29650 and 29450 .

We will update as and when any movement is expected ,


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