GOLD UPDATES FOR MARCH 15 2018

THURSDAY  11.00 AM IST




MARKET UPDATE




Gold prices  traded lower in wednesdays trade  after initially




trying to rally higher ,


Gold traded around $ 1325 when the U S markets opened



for trade last evening .


In the Mcx traded around Rs 30400 levels 


But could not break the immediate resistance of Rs 30450



U S stock market also could not rally higher amid 


growing concerns that growing trade tensions could


huurt the global economy .


The dollar also edged higher on Wednesday after 3 


straight days of losses  .


But a sense of uncerteinity prevails in the market .



U S Retail sales fell for a  third straight month in February .


President Donald Trumps decision to replace Rex Tillerson as U S 


Secretary of state was also seen by the market with caution  as 


he was viewed as a supporter of Free trade .





TODAYS TRADING LEVELS



International Gold currently trading at $  1328


Resistances are seen at $  1334 / $ 1351 and $ 1360


Support is seen at $ 1419 / 1304 and $ 1294



In the Mcx currently trading at Rs 30450


Resistances are seen at Rs 30549 / 30650 / 30745



Support is seen at Rs  30390 / 30356 and Rs  30295



We will keep updating 



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