SATURDAY
WEEKLY ROUND UP
Gold opened this week at $ 1319.20 and closed at $ 1337.25 .
Gold edged higher amid turmoil in Egypt and a slide in the US dollar .
On Friday the data for U S consumer price inflation was released ,
The overall CPI was up 0.1 % which was oin line with expectations .
World stock markets were higher yesterday .
Euro hit a 4 year high against the U S dollar ,
U S stocks continued to rally and marked records closing highs ,
In the Mcx gold hit a low of Rs 29121
And a high of Rs 29580
Bullish trend seems to continue for gold
with Resistance in Dollar terms seen nat $ 1340
And support at $ 1326 in dollar terms .
In the Mcx gold has resistance at Rs 29650
And support at Rs 29280 to 29300
We will keep updating the levels
WEEKLY ROUND UP
Gold opened this week at $ 1319.20 and closed at $ 1337.25 .
Gold edged higher amid turmoil in Egypt and a slide in the US dollar .
On Friday the data for U S consumer price inflation was released ,
The overall CPI was up 0.1 % which was oin line with expectations .
World stock markets were higher yesterday .
Euro hit a 4 year high against the U S dollar ,
U S stocks continued to rally and marked records closing highs ,
In the Mcx gold hit a low of Rs 29121
And a high of Rs 29580
Bullish trend seems to continue for gold
with Resistance in Dollar terms seen nat $ 1340
And support at $ 1326 in dollar terms .
In the Mcx gold has resistance at Rs 29650
And support at Rs 29280 to 29300
We will keep updating the levels
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