WEDNESDAY 10.30 AM IST
MARKET UPDATE
Gold prices trading milder higher this morning .
Initially gold prices traded lower in the morning session and tested
support in the Mcx 30227 .Gold in the International
market trading positive around $ 1327
Market uncerteinity after Trumps top economic
advisor resigned and the
imposition of trade tariffs bt President Donald Trump
have kept the gold prices up
Though the Inflation data was in line with expectations ,
it has done
little to reduce expectation of a further rate hike by the Federal Reserve
this year .
TECHNICAL LEVELS
Gold in the international market currently trading around $ 1328 .
Prices have rebounded from support levels of $ 1310 .
Immediate resistance seen at $ 1334 and $ 1341 and $ 1350 .
A close above $ 1340 could be very bullish for the commodity .
Supports are seen at $ 1320 / 1313 and 1303
Gold prices seems to be consolidating at these levels .
TECHNICAL LEVELS IN THE MCX
Gold currently trading at Rs 30510 .
Recovered yesterday from a low of Rs 30227 .
High came RS 30400 .
This 30400 will be the initial support for gold
and next weakness below this
Below this will find support at Rs 30320 and 30240 .
On the upside Gold will face resistance at Rs 30545 /
30640 and 30700
We will keep updating .
We would like to share with our viewers that we have
introduced several packages to suit each one of you ,
We have also created a FACE BOOK GROUP to clear all
your technical queries
CLICK ON THE LINK BELOW TO JOIN THE GROUP
CLICK HERE
We are also available on Whats app \
If you need any trading levels you can ask us there
You can CONNECT with us on WHATS APP at
9840948540
MARKET UPDATE
Gold prices trading milder higher this morning .
Initially gold prices traded lower in the morning session and tested
support in the Mcx 30227 .Gold in the International
market trading positive around $ 1327
Market uncerteinity after Trumps top economic
advisor resigned and the
imposition of trade tariffs bt President Donald Trump
have kept the gold prices up
Though the Inflation data was in line with expectations ,
it has done
little to reduce expectation of a further rate hike by the Federal Reserve
this year .
TECHNICAL LEVELS
Gold in the international market currently trading around $ 1328 .
Prices have rebounded from support levels of $ 1310 .
Immediate resistance seen at $ 1334 and $ 1341 and $ 1350 .
A close above $ 1340 could be very bullish for the commodity .
Supports are seen at $ 1320 / 1313 and 1303
Gold prices seems to be consolidating at these levels .
TECHNICAL LEVELS IN THE MCX
Gold currently trading at Rs 30510 .
Recovered yesterday from a low of Rs 30227 .
High came RS 30400 .
This 30400 will be the initial support for gold
and next weakness below this
Below this will find support at Rs 30320 and 30240 .
On the upside Gold will face resistance at Rs 30545 /
30640 and 30700
We will keep updating .
We would like to share with our viewers that we have
introduced several packages to suit each one of you ,
We have also created a FACE BOOK GROUP to clear all
your technical queries
CLICK ON THE LINK BELOW TO JOIN THE GROUP
CLICK HERE
We are also available on Whats app \
If you need any trading levels you can ask us there
You can CONNECT with us on WHATS APP at
9840948540
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