GOLD UPDATES FOR APRIL 4 2018

WEDNESDAY

MARKET UPDATE


Gold initially fell yesterday when New  York markers opened 


for trade yesterday to nearly $ 1328 .


The U S dollar index rose and treasuries fell as Dow , Nasdaq


and S&P closed over 1 % higher on signs that President


Trump is backing off from increased regulations for tech 


companies .


Gold prices were steady in early Asian trade on Wednesday 


as the dollar eased as escalating trade tensions between


U S and China .


Trump administration announced 25 % tariffs on some 1300

industrial technology , transport and medical products .


China is expected to take counter measures ,


International Gold currently trading at $ 1336



Resistance seen at $ 1340 , $ 1345 and $ 1356


Support are seen at $ 1330 / 1325 and $ 1309


In the Mcx Gold  June contract trading at Rs 30770



SUPPORT 1 30660


SUPPORT 2 30540


SUPPORT 3 30445


RESISTANCE 1 30840


RESISTANCE 2 30950


RESISTANCE 3 30050


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