GOLD UPDATES FOR MARCH 8 2017

TUESDAY



TRADING LEVELS FOR THE MORNING SESSION




MCX GOLD



SUPPORT 1 28582



SUPPORT 2 28421



SUPPORT 3 28245



RESISTANCE 1 28922



RESISTANCE 2 29090



RESISTANCE 3 29267




WAIT FOR CONFIRMATION .



Gold prices have traded lower for the last 6 consecutive trading sessions .



This is in anticipation of a potential intrest rate hike later this month .



International gold currently trading at $ 1217.25




Immediate support seen at $ 1210



Resistrance at $ 1225



In the Mcx currently trading at Rs 28750



Immediate ressistance seen at Rs 28650



Resistance seen at Rs 28900



Overall trend remains bearish



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