THURSDAY
MARKET UPDATE
Gold hovered near 2 week high on the back of a weaker dollar .
US Federal have signalled steady interest rate and a slowing
global economy .'
Dollar traded at a 2 week low as US Fed reenforced no interest
hikes .
US and China are close to trade settlement .
Yesterday April 10 th Gold opened at $ 1303.90
HIt a 2 week high of $ 1310.60
And a low of $ 1300.80
Softer dollar helped gold prices .
After it broke the resistance of $ 1304.10 , it hit the intraday before
closing at $ 1308.20
Today April 11 th Gld has opened at $ 1308
Levels are as under
SUPPORT 1 $ 1301
SUPPORT 2 $ 1296
SUPPORT 3 $ 1290
RESISTANCE 1 $ 1311
RESISTANCE 2 $ 1217
RESISTANCE 3 $ 1322
\
In the Mcx yesterday it hits a high of Rs 32293
And closed at Rs 281
Todays it has opened Rs 32232
And currently trading at Rs 32132
Levels of 32100 could be a strong support .
Levels are as under
SUPPORT 1 32100
SUPPORT 2 32000
SUPPORT 3 31940
RESISTANCE 1 32320
RESISTANCE 2 3230-
We will keep updating
MARKET UPDATE
Gold hovered near 2 week high on the back of a weaker dollar .
US Federal have signalled steady interest rate and a slowing
global economy .'
Dollar traded at a 2 week low as US Fed reenforced no interest
hikes .
US and China are close to trade settlement .
Yesterday April 10 th Gold opened at $ 1303.90
HIt a 2 week high of $ 1310.60
And a low of $ 1300.80
Softer dollar helped gold prices .
After it broke the resistance of $ 1304.10 , it hit the intraday before
closing at $ 1308.20
Today April 11 th Gld has opened at $ 1308
Levels are as under
SUPPORT 1 $ 1301
SUPPORT 2 $ 1296
SUPPORT 3 $ 1290
RESISTANCE 1 $ 1311
RESISTANCE 2 $ 1217
RESISTANCE 3 $ 1322
\
In the Mcx yesterday it hits a high of Rs 32293
And closed at Rs 281
Todays it has opened Rs 32232
And currently trading at Rs 32132
Levels of 32100 could be a strong support .
Levels are as under
SUPPORT 1 32100
SUPPORT 2 32000
SUPPORT 3 31940
RESISTANCE 1 32320
RESISTANCE 2 3230-
We will keep updating
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