WEDNESDAY 10.30 AM IST
MARKET UPDATE
Gold prices have edged up higher in early wednesday trade .
It fell by about 1 % in the previous session on the back of
a stronger dollar .
The dollar index seems strong in the back drop of a strong
U S economy and signs of slow down in Europe .
The Chinese are back after a long holiday .
The FED is likely to keep interest rates on hold at its
policy meeting ending on Wednesday .
U S Non Farm Pay Roll data which will be released on Friday
will be keenly watched and could provide further signs
of economic strength .
International Gold currently trading at $ 1310
Supports are seen at $ 1301 , $ 1293 and $ 1286
Resistance can be seen at $ 1317 , $ 1323 and $ 1341 .
In the Mcx currently trading at Rs 31000 .
Levels are as under
Support 1 30920
Support 2 30870
Support 3 30780
Resistance 1 31100
Resistance 2 31170
Resistance 3 31250
We will keep updating ,
We Lotus Advisory Servicess provide advisory and commodity
commodity calls in all segments in the MCX .
Personalised premium calls are also given by Akshaya the
writer of this blog ,
We also provide FREE TECHNICAL LEVELS on Whats app
You can CHAT with us on Whats app at
9840948540 .
MARKET UPDATE
Gold prices have edged up higher in early wednesday trade .
It fell by about 1 % in the previous session on the back of
a stronger dollar .
The dollar index seems strong in the back drop of a strong
U S economy and signs of slow down in Europe .
The Chinese are back after a long holiday .
The FED is likely to keep interest rates on hold at its
policy meeting ending on Wednesday .
U S Non Farm Pay Roll data which will be released on Friday
will be keenly watched and could provide further signs
of economic strength .
International Gold currently trading at $ 1310
Supports are seen at $ 1301 , $ 1293 and $ 1286
Resistance can be seen at $ 1317 , $ 1323 and $ 1341 .
In the Mcx currently trading at Rs 31000 .
Levels are as under
Support 1 30920
Support 2 30870
Support 3 30780
Resistance 1 31100
Resistance 2 31170
Resistance 3 31250
We will keep updating ,
We Lotus Advisory Servicess provide advisory and commodity
commodity calls in all segments in the MCX .
Personalised premium calls are also given by Akshaya the
writer of this blog ,
We also provide FREE TECHNICAL LEVELS on Whats app
You can CHAT with us on Whats app at
9840948540 .
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