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Monday, July 31, 2017

GOLD UPDATES FOR AUG 1 2017

TUESDAY


MARKET LEVELS TO WATCH OUT FOR



Gold prices gained in Asia  during the morning trade

Yesterday gold prices traded in a narrow range between $ 1268.40 to $ 1270.31


Meanwhile political uncertainity continues to loom large as the Trump


administration struggles to deliver on its economic agenda .


Us Non Farm Pay Roll data will be keenly watched .


Currently trading near its Res level of $ 1270


Cmo $ 1269.52


Immediate resistanace seen ta $ 1271\


If breaks and holds above that could test $ 1280 and $ 1300


Immediate support seen at $ 1265 and 1254


In the Mcx yesterday hit a high of Rs 28849


And a low of Rs 28739


Currently trading at Rs  28776


Levels are as under



Resistance 1 28860

Resistance 2 28940


Resistance 3 290540

Support 1 28680


Support 28600


Support 3 28545



We will keep updating

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