GOLD SETTLE $ 1569.10 LOWER $ 20
The market place is now awaiting Wednesday FOMC minutes from the Federal Reserve for any clues on U.S. monetary policy actions upcoming. Gold and silver bulls want to see some fresh hints the Fed will implement further monetary policy easing measures soon. In overnight news, Chinese economic data showed a trade surplus for that nation in June, which indicates slowing demand coming out of the second-largest economy in the world.
YELLOW METALS needs a catalyst and just hasn’t gotten it yet. The market is searching for support, which lies between current prices ($1565-70) and roughly $1,540 an ounce.
TODAY LEVEL
RESISTENCE # 2....................... $ 1614
RESISTENCE # 1........................$ 1591
PIVOT ........................................$ 1579
SUPPORT # 1.............................$ 1556
SUPPORT # 2.............................$ 1544
MCX LEVEL
RESISTENCE # 2....................... INR 29750
RESISTENCE # 1........................INR 29590
PIVOT ........................................INR 29490
SUPPORT # 1.............................INR 29330
SUPPORT # 2.............................INR 29230
Happy Trading
Rahul Kumar
Gold Specialist (Spot & Future)
Call me : 969-0022-884
Join us : http://www.hansrajconsualtant.tk/
The market place is now awaiting Wednesday FOMC minutes from the Federal Reserve for any clues on U.S. monetary policy actions upcoming. Gold and silver bulls want to see some fresh hints the Fed will implement further monetary policy easing measures soon. In overnight news, Chinese economic data showed a trade surplus for that nation in June, which indicates slowing demand coming out of the second-largest economy in the world.
YELLOW METALS needs a catalyst and just hasn’t gotten it yet. The market is searching for support, which lies between current prices ($1565-70) and roughly $1,540 an ounce.
TODAY LEVEL
RESISTENCE # 2....................... $ 1614
RESISTENCE # 1........................$ 1591
PIVOT ........................................$ 1579
SUPPORT # 1.............................$ 1556
SUPPORT # 2.............................$ 1544
MCX LEVEL
RESISTENCE # 2....................... INR 29750
RESISTENCE # 1........................INR 29590
PIVOT ........................................INR 29490
SUPPORT # 1.............................INR 29330
SUPPORT # 2.............................INR 29230
Happy Trading
Rahul Kumar
Gold Specialist (Spot & Future)
Call me : 969-0022-884
Join us : http://www.hansrajconsualtant.tk/
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