MONDAY
MORNING UPDATE
Gold has opened marginally lower this morning around
0.4 % down .Gold prices was unable to rise after the
disappointing Non farm Pay Roll data .
Traders feel that cyclical factors such as early Easter
could have resulted in fall in March Non farm numbers .
A june rate hike is also not totally ruled out .
The U S Dollar is still holding against major currencies .
There is still an underlying fear of trade was
between U S and China .
This space needs to be carefully watched .
International Gold currently trading at $ 1332
Immediate support seen at $ 1326 , $ 1320 and $ 1310
Resistance seen at $ 1342 , $ 1348 and $ 1354.
In the Mcx currently trading at Rs 30682
LEVELS ARE AS UNDER
SUPPORT 1 30550
SUPPORT 2 30500
SUPPORT 3 30410
RESISTANCE 1 30750
RESISTANCE 2 30840
RESISTANCE 3 31050
We will keep updating .
We would like to share with our viewers that we have
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We are also available on Whats app
You can ask in your technical queries there also ,
You can CHAT with us on Whats app at
We would like to share with our viewers that we have
introduced several packages to suit each one of you ,
We have also created a FACE BOOK GROUP to clear all
your technical queries
CLICK ON THE LINK BELOW TO JOIN THE GROUP
CLICK HERE
We are also available on Whats app
You can ask in your technical queries there also ,
You can CHAT with us on Whats app at
9840948540
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