GOLD UPDATES FOR MARCH 13 2018

TUESDAY 10.30 AM IST




MARKET UPDATE



Gold prices rebounded in the evening session to settle



near the high of the trading session .


Traders are awaiting this weeks inflation data  /



A stronger  than expected inflation report could be the


catalyst for bullions .


Last Friday Gold prices corrected sharply when US and North


Korea agreed  to hold a summit .


Yesterday international Gold hit a high of $  1324,.25


And a low of $ 1314


Gold rebounded after testing support near $ 1310



Currently trading  at $  1320



Resistance seen at $  1324 , $ 1328 , $ 1331


Support is seen at $  1317 , $ 1312 , $ 1310


In the Mcx trades Gold   hit a low of Rs 30280


And a high of Rs 30470

'
Currently trading at Rs 30314



Immediate support seen at  Rs 30270 / 30300 / 30170


Resistance seen at Rs 30385 / 30430 / 30500




INTRADAY LEVELS



Gold remains weak if holds below Rs 30260



With immediate resistance seen at Rs 30360



And could test upto Rs 30250




IMPORTANT DATA TO BE RELEASED TODAY


CPI will be released today . This could be the


most important statistics for the week since it is



crucial for the FOMC rates .


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introduced several packages to suit each one of you ,


We have also created a FACE BOOK GROUP to clear all


your technical queries



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