GOLD UPDATES FOR APRIL 16 2018

MONDAY


MARKET UPDATE


Gold prices soared higher in Fridays evening trade 


as markets weighed tensions in Syria and mounting 


pressure on White house from special council Robert


Mueller .He is investigating possible link between 


Trump  campaign and Russian interference in the 2016


election .


S & P 500 is pointing to a higher opening showing 


markets are shrugging off Syria tensions .


International  gold currently trading at $ 1346


It will face resistance around $ 1352 .


A break above this could lead Gold to test 2016


high of $ 1366 .


Support is seen at $ 1335.


Below this could turn bearish and test supports at


$ 1324 and $ 1300 .


In the Mcx currently trading at Rs 31234


SUPPORT 1 31090


SUPPORT 2 30965


SUPPORT 3 30870


RESISTANCE 1 31350


RESISTANCE 2 31550

We will keep updating .



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