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Wednesday, October 5, 2016

GOLD UPDATES FOR OCT 6 2016

THURSDAY



TRADING LEVELS FOR MORNING SESSION


MCX GOLD


SUPPORT                       29720                   29540                   29350



RES                                30120                    30330                   30520


WAIT FOR CONFIRMATION



In the MCX Gold yesterday hit a high of Rs 29790 and a high of Rs 30138 .


The services sector accelerated in September, reaching its highest level in

 11 months, according to a closely followed report released Wednesday.

ISM was also positive on its employment outlook .

Currently trading at $ 1267 

Immediate support seen at $ 1262

Strong Resistance seen at $ 1270 .


In the Mcx Currently trading at Rs 29850

immediate support seen ard Rs 29750

And Resistance seen at Rs 29950.


We will update as and when any movement is expected .


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