GOLD UPDATES FOR JULY 31 2017

MONDAY





MARKET LEVELS TO WATCH OUT FOR



Gold  prices rose to a one and a half month high on Friday in the

wake of sluggish inflation data  .

The dollar weakened after data showed that wage growth and inflation

remained weak

This raises question whether the Fed will be able to raise interest rates as


as planned .


On friday Gold tested the Resistance levels of $ 1270


Currently trading at $  1267,77



Immediate resistance seen at $ 1280


And support at $ 1259



In the Mcx on Friday hits a high of Rs 28595



And a low of Rs 28395




The levels are as under





SUPPORT 1  28390



SUPPORT 2 28300


SUPPORT 3  28220



RESISTANCE 1 28600



RESISTANCE 2 28720


RESISTANCE 3 28800



We will keep updating the levels .