GOLD SETTLE $ 1597.70 (LOWER $ 6.50)
Gold move entire trading day in very tight range $ 16 with a negative bias. Current resistence laying at $ 1606.50 and Support at $ 1587.
TODAY markets will close early and Wednesday’s U.S markets will be closed in observance of Independence Day. With the week’s abbreviated trading schedule coupled with the UNEMPLOYMENT DATA on Friday the 6th of July it certainly makes sense for traders to liquidate profitable positions when available.
TECHNICALLY : MARKET LOOKS TO RE-TEST $ 1575-70
TODAY LEVEL
RESISTANCE # 2…………. $1613.00
RESISTANCE # 1…………. $1603.00
PIVOT………………..…… .$1597.00
SUPPORT # 1……………....$1590.00
SUPPORT # 2……………....$1581.00
MCX LEVEL
RESISTANCE # 2…………. INR 29865
RESISTANCE # 1…………. INR 29760
PIVOT…………………….. .INR 29660
SUPPORT # 1……………....INR 29560
SUPPORT # 2……………....INR 29460
Happy Trading
Rahul Kumar
Gold Analysist (Spot & Future)
Call me : 969-0022-884
Join us : http://hansrajconsualtant.tk/
Gold move entire trading day in very tight range $ 16 with a negative bias. Current resistence laying at $ 1606.50 and Support at $ 1587.
TODAY markets will close early and Wednesday’s U.S markets will be closed in observance of Independence Day. With the week’s abbreviated trading schedule coupled with the UNEMPLOYMENT DATA on Friday the 6th of July it certainly makes sense for traders to liquidate profitable positions when available.
TECHNICALLY : MARKET LOOKS TO RE-TEST $ 1575-70
TODAY LEVEL
RESISTANCE # 2…………. $1613.00
RESISTANCE # 1…………. $1603.00
PIVOT………………..…… .$1597.00
SUPPORT # 1……………....$1590.00
SUPPORT # 2……………....$1581.00
MCX LEVEL
RESISTANCE # 2…………. INR 29865
RESISTANCE # 1…………. INR 29760
PIVOT…………………….. .INR 29660
SUPPORT # 1……………....INR 29560
SUPPORT # 2……………....INR 29460
Happy Trading
Rahul Kumar
Gold Analysist (Spot & Future)
Call me : 969-0022-884
Join us : http://hansrajconsualtant.tk/
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