GOLD UPDATES FOR FEB 15 2017

WEDNESDAY



TRADING LEVELS FOR MORNING SESSION



MCX GOLD



SUPPORT 1 28833




SUPPORT 2 28673




SUPPORT 3 28496



RESISTANCE 1 29183



RESISTANCE 2 29362



RESISTANCE 3 29548




WAIT FOR CONFIRMATION .



Gold corrected in the evening session yesterday after Fed chairman Yellen



hinted that there will be a interest hike soon , and that delaying is


not going to help .


It broke the immediate support of $ 1230



and hit a low of $ 1227.25



Currently trading at $ 1226.55




Immediate support seen at $ 1219



Resistance seen at $ 1235




In the Mcx currently trading at Rs 29009



Resistance at Rs 29150 .




The levels to watch out for next break out will be Rs 29200



On the down side supports seen at Rs 28950




We will keep updating in our blog .




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