GOLD UPDATES FOR OCT 7 2016

FRIDAY\



TRADING LEVELS FOR MORNING SESSION



MCX GOLD


SUPPORT                             29370                 29170                      28960



RES                                      29790                  30020                      20220


WAIT FOR CONFIRMATION


In the Mcx Gold hit a high of Rs 29949


And a low of Rs 29550 .


Silver and gold having their wqorst week in 3 years .

• 
  
• The dollar is strong on the back of the unresolved 
• 
  
• 
  
• EU banking crisis and Fed hike talks

Gold currently trading at $ 1255 .

Strong support is seen at $ 1250

And resistance is seen at $ 1261 .

In the Mcx immediate support seen at Rs 29600

And Resistance at Rs 29750.

We will update as and when any movement is seen.

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HAPPY TRADING