WEDNESDAY
TRADING LEVELS FOR MORNING SESSION
MCX GOLD
SUPPORT 28122 27950 27765
RES 28500 28694 28898
WAIT FOR CONFIRMATION
Yesterday in the Mcx Gold hit a high of Rs 28345
And a low of Rs 28082
Gold prices ended the U.S. day session with good gains and hit a six-week high Wednesday.
The precious metal became a bit volatile during President-Elect Donald Trump’s press conference,
mainly because the U.S. stock and bond markets became very jittery.
The U.S. dollar index also backed way off its daily high to trade sharply lower in early afternoon
trading, which also supported the precious metals market bulls.
Currently trading at $ 1196.75
Immediate Resistance seen at $ 1200
Above this there could be move up of ard 20 $
In the Mcx currently trading at Rs 28340
Resistance seen at Rs 28500
Support seen at Rs 28200
We will keep updating in our blog .
The momentum has turned mild positive .
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