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Wednesday, February 8, 2017

GOLD UPDATES FOR FEB 9 2017

THURSDAY 10.05 AM IST



TRADING LEVELS FOR MORNING SESSION



NCX GOLD



SUPPORT 1 29187



SUPPORT 2 29053



SUPPORT 3 28902



RESISTANCE 1 29490



RESISTANCE 2 29647



RESISTANCE 3 29812




WAIT FOR CONFIRMATION




Mcx Gold traded positive and continues its bull run in the evening session also



International Gold hits a high of $ 1246.45



And did not break the key support of $ 1230



Currently trading at $ 1242.65



Resistance seen at $ 1250



Supports at $ 1230



In the Mcx Gold broke resistance 29380 and made a high of Rs 29414



Currently trading at Rs 29328



Immediate support seen at Rs 29200



Resistance at Rs 29420



Overall trend still remains positive .


Buy on dips would be the strategy for now



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