GOLD UPDATES FOR JAN 31 2017

TUESDAY



TRADING LEVELS FOR MORNING SESSION



MCX GOLD




SUPPORT 1 28358


SUPPORT 2 28218



SUPPORT 3 28061



RESISTANCE 1 28682



RESISTANCE 2 28854



RESISTANCE 3 29034




WAIT FOR CONFIRMATION




Us markets retreated yesterday on Trumps ban on immigrants ,



This lead to some uncertainity in the market and European markets also



ended lower .


This helped gold prices . \



Pushing it above the $ 1200 mark



Positive if holds above $ 1200



Could retest Resistances at $ 1210




In the Mcx currently trading at Rs 28601




Very strong resistance seen above Rs 28700



With immediate support at Rs 28520



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