GOLD UPDATES FOR FEB 2 2017

THURSDAY




TRADING LEVELS FOR EVENING SESSION




MCX GOLD



SUPPORT 1 28914



SUPPORT 2 28800



SUPPORT 3 28649



RESISTANCE 1 29126



RESISTANCE 2 29220



RESISTANCE 3 29350



WAIT FOR CONFIRMATION .





Gold rallied sharply higher in the morning trade breaking $ 1200 mark



Made a high of $ 1225.85




Federal Reserve gave no time frame on next rate hike .



Support now seen at $ 1220




Resistance at $ 1230


In the Mcx Gold made a high in the morning session of Rs 29070



Immediate resistance seen at Rs 29100



Support seen at Rs 28970



Overall trend remains positive





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