GOLD UPDATES FOR MARCH 29 2017

WEDNESDAY



TRADING LEVELS FOR MORNING SESSION



MCX GOLD



SUPPORT 1 28700



SUPPORT 2 28559


SUPPORT 3 28403



RESISTANCE 1 29009'



RESISTANCE 2 29166



RESISTANCE 3 29332



WAIT FOR CONFIRMATION .



US Equities broke a 8 day losing streak after favourable consumer


confidence data was released yesterday .


Gold prices were under pressure yesterday .


High yesterday was around $ 1258


Unable to break the resistance of $ 1260 .



Currently trading at $ 1248/95



Immediate resistance seen at $ 1260


Supports at $ 1240



In the Mcx currently trading at Rs 28682



Support seen at Rs 28600



Resistance at Rs  28740



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