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GOLD UPDATES FOR AUG 2 2018

THURSDAY 10.45 AM IST

THURSDAY

MARKET UPDATE

Gold has opened mildly higher as the US dollar has weakened 

against the Japanese Yen .

The Federal Bank has kept interest rates steady and has

 given an optimistic outlook of the US economy

 increasing the  possiblity of  increasing the 

interest rates  in September .

Asian markets are trading weaker after the Us President has 

announced additional tariff of 25 % on 200 Billion dollar worth 

of Chinese imports .

The Bank of England is also set to raise interest rates 

on Thursday .

Gold in the international market currently trading at $ 1219

Resistance now seen at $ 1225 and $ 1236

Will find support at $ 1214 and $ 1210

In the Mcx  Oct Gold trading at Rs 29689

Levels are as under

Support seen at Rs 29650

Resistance 1 29800

Resistance 2 29850

Resistance 3 29955

We will  keep updating . 

GOLD UPDATES FOR JULY 31 2018

TUESDAY 10,45 AM IST

MARKET UPDATE

Markets are awaiting  Bank of Japan policy decision .

Us Fed 2 day policy meeting also concludes today .

Gold is trading in a narrow range with a mild negative bias .

Bank of England is expected to consider changes to its massive

stimulus programme .

The strength of the  yen against the dollar is based on the outcome .

US Central bank has aslo signalled 2 more rate hikes this year .

The Bank of England will also be concluding its meeting on

Thursday .

US Markets closed lower after there was a rout in global

technological shares .

International Gold currently trading at $ 1222

Supports are seen at $ 1215 , $ 1209 and $ 1200

Resistance seen at $ 1231 , $ 1236 and $ 1245

In the Mcx  Oct Gold currently trading at Rs 29900

Levels are as under

Support  29850

Resistance 1 29950

Resistance 2 30000

Resistance 3 30060

We will keep updating 

GOLD UPDATES FOR JULY 20 2018

FRIDAY 1.45 PM IST

CALL UPDATE

Mcx Gold Tgt 1 Achieved at Rs 29810
 
 
 
Buys at Rs 29740
 
 
 
Book part profits .