GOLD UPDATES FOR JAN 4 2017

WEDNESDAY




TRADING LEVELS FOR MORNING SESSION




NCX GOLD



SUPPORT 27600 27430 27240



RES 27970 28170 28380


WAIT FOR CONFIRMATION .




Yesterday in the Mcx Gold hit s a high of Rs 27823


And a low of Rs 27450



Gold and silver prices ended the first full U.S. day session of the new year with decent gains




A strong dollar in the morning session weakened Gold and Silver .


But in the evening session after the US Markets opened \



later in the evening but when the dollar index backed well off its daily high the


gold and silver buyers stepped in.



Made a high of $ 1164.35



Currently trading at $ 1160.85


Strong Res now seen at $ 1166 and supports at $ 1150


In the Mcx Trading with a mild positive bias


Supports seen at 27580


Resistance at 27800


We will update as and when any movement is seen


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