WEDNESDAY
TRADING LEVELS FOR MORNING SESSION
MCX GOLD
SUPPORT 27970 27800 27620
RES 28340 28530 28730
WAIT FOR CONFIRMATION
Yesterday in the Mcx Gold hit a high of Rs 28260
And a low of Rs 28009
Continued to trade yesterday above the Resistance of Rs 28000
The Us dollar weakened yesterday and Gold hit a 6 week high during the evening session.
Reports on Tuesday said demand for physical gold from China is increasing ahead of the
Chinese lunar new year. There has also been a pick-up in demand for gold-backed
exchange-traded-funds early in 2017.
The world marketplace is anxiously awaiting President-Elect Donald Trump’s first press
conference since his election, on Wednesday.
Currently trading at $ 1187.95
Resistance seen at $ 1200
And support at $ 1180
In the Mcx currently trading at Rs 28214
Immediate resistance seen at Rs 28250 to 28300
Immediate supports at 28100
We will keep updating in our blog .
The momentum has turned mild positive .
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