GOLD UPDATES FOR MARCH 7 2017

TUESDAY



TRADING LEVELS FOR THE MORNING SESSION




MCX GOLD



SUPPORT 1 28763



SUPPORT 2 28589



SUPPORT 3 28399



RESISTANCE 1 29129



RESISTANCE 2 29310



RESISTANCE 3 29498




WAIT FOR CONFIRMATION .



Gold prices continue to be under pressure on the imminent rate hike.



The fimnal report available to members of the Federal Reserve would be the jobs on



Non farm pay roll out on Friday .



This will allow the FED to evaluate if employment is continuing to evolve



in line with expectations .



Rtae hike would definitely have a negative impact on gold prices




International Gold currently trading at $ 1225.95



Immediate support seen at $ 1220



Resistance at $ 1238




In the Mcx currently trading at Rs 28925



Immediate support seen at Rs 28880



Resistance at Rs 29000


Trend remains bearish for now




We will keep updating in our blog .




We are now on Whats App



We are back with Renewed Enthusiasm and Vigour.



You can look forward to more regular updates from us .


If you have any technical queries


You can ask us on Whats app


And we will get back immediately


You can CONNECT WITH us on Whats app at


9840948540


Looking forward to CONNECTING with each one of you .


Go Ahead and ask us your queries on Whats app at



9840948540 .