GOLD UPDATES FOR DEC 22 2016

FRIDAY



TRADING LEVELS FOR MORNING SESSION



MCX GOLD




SUPPORT 26828 26674 26504




RES 27166 27339 27520


WAIT FOR CONFIRMATION



In the Mcx Gold yesterday hit a high of Rs 27207


And a low of Rs 26972



Gold currently trading at $ 1132



Strong support seen at $ 1122



And Res at 1136


Over the last three days, we have seen the Dow trade within mere points of the 20,000-milestone


mark on two separate occasions, followed by two consecutive days in which the Dow closed lower.


This is the first occurrence of two consecutive down days in the Dow since the


presidential election was held last month.



Coming within just a few points of 20,000, the Dow has now flirted with this elusive milestone


twice this week. On Tuesday, the Dow traded to a new, all-time high at 19,997, settling slightly



lower, but still closing at an all-time record close of 19,975. Yesterday’s trading activity


took the Dow to an intraday high, roughly equal to the highs achieved on Tuesday. However,


the Dow parred its gains, closing lower on the day at roughly 19,940.



Volumes continue to be low as traders prepare for the upcoming holiday season .



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