TUESDAY
MORNING UPDATE
Gold trading marginally higher in the wake of a weaker dollar
on anticipation that US Fed will maintain a dovish stand
in its monetary policy meeting this week .
Dollar traded close to a 2 week low in the previous session .
Traders are expecting that there will be no more rate hikes
this year .
The Brexit plans were also thrown into further turmoil on
Monday .
International gold currently trading around $ 1306
Will find Resistance at $ 1310 and $ 1316
Support will be at $ 1298 and $ 1293
In the Mcx Gold currently trading around 0.27 % higher
High for now is at Rs 31740 and low at Rs 31657
Levels are as under
SUPPORT 1 31570
SUPPORT 2 31460
RESISTANCE 1 31750
RESISTANCE 2 31845
We will keep updating
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