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Tuesday, February 7, 2017

GOLD UPDATES FOR FEB 8 2017

TUESDAY



TRADING LEVELS FOR THE MORNING SESSION




MCX GOLD



SUPPORT 1 29190



SUPPORT 2 29058



SUPPORT 3 28909



RESISTANCE 1 29490



RESISTANCE 2 29645




RESISTANCE 3 29808




WAIT FOR CONFIRMATION




Gold yesterday opened positive and hit a high of around $ 1237





It continued to trade steady and could not break and trade below $ 1230 .





It continued to hold its ground in spite of dollar strengthening a bit .




Currently trading at $ 1234.55




Immediate support seen at $ 1223




Resistance at $ 1236



In the Mcx Currently trading at Rs 29284



Resistance continues to be at Rs 29350 which did not get broken yesterday .




Support at Rs 29200




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