GOLD UPDATES FOR FEB 3 2017

FRIDAY



TRADING LEVELS FOR MORNING SESSION




MCX GOLD



SUPPORT 1 28812




SUPPORT 2 28651




SUPPORT 3 28473




RESISTANCE 1 29180




RESISTANCE 2 29376




RESISTANCE 3 29580




WAIT FOR CONFIRMATION .


Gold prices rallied higher in the morning trade hitting a high of $ 1227.45




But closed lower at $ 1219




The rally in gold after Fed did not give any deadline for future rate hikes .



The statement highlighting inlation was dovish , pushing up gold prices.





Currently trading at $ 1215.15





Resistance seen at $ 1220



Support at $ 1209



In the Mcx Currently trading at Rs 28877





Strong support seen at 28800





Resistance at Rs 28940





Trend remains range bound for now .




we will keep updating in our blog .






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