GOLD UPDATES FOR FEB 16 2017

THURSDAY




TRADING LEVELS FOR MORNING SESSION



MCX GOLD



SUPPORT 1 28977



SUPPORT 2 28818



SUPPORT 3 28644




RESISTANCE 1 29325




RESISTANCE 2 29505



RESISTANCE 3 29692



WAIT FOR CONFIRMATION .





International Gold yesterday corrected a bit in the evening session when dollar
\


strengthened in the wake of Yellens statement that a rate hike in imminent .




Gold broke the support of $ 1220 and touched a low of $ 1217.50 before



moving higher ,



Currently trading at $ 1235.95




Immediate resistance seen at $ 1242




Support at $ 1222




In the Mcx currently trading above Rs 29226



Immediate resistance seen at Rs 29240 / 29300




Support seen at Rs 29180




Side ways to positive bias is seen .




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