Gold Price May Trade Muted, Ahead of Fed Policy.

Moneyites May 1, 2019 No Comments

MCX Gold:- Gold price drops -0.54% to 31765 by the end of Tuesday trade. On a longer time frame, Gold prices are trending in a broadening wedge pattern. The widening range placed resistance at the level of 32400 and support at the level of 31000.

Whereas on short to medium time frame, Gold prices are trending downside in a downward trending channel, and it may face resistance at the level of 32000-32400 to the higher side and below the nearest support level of 31700, it may test 31400-31000 in the short run.

On account of Labour day, Market to remain closed in the first session today.

The federal reserve scheduled to announce the policy today expected to keep the interest rate unchanged may push the prices up in the near term.

On an intraday trading basis, the gold price may go for a mute session. The gold price has immediate support at 31700 and below that, it may test 31620-31570. Whereas it has the nearest resistance at 31770 above this it may rally upside to the level of  31820-31860.

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Gold Price May Trade Muted, Ahead of Fed Policy.

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Moneyites August 14, 2017 No Comments

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Nifty key level to watch for Bull Trend is ……

Moneyites June 25, 2017 No Comments

Nifty Spot 9574.95 (-55.05):- Nifty trading range bound and a key level to watch is 9550. Buy on low if continue to hold above this level for target 9590-9640 and a decisive breakout below 9550 may drag nifty to 9510-9460.

Maruti 7219.15:- Sell on high @7245-50 for target 7205-7165 stop loss…

UPL 834.05:- Sell on high @ 839-842 with stop loss above 850 for target 825-810

ITC 311.00:- buy on low for target 313-317 with stop loss……..

JUBLFOOD 922.95: – Buy above 92…. For target 934- 944 Stop Loss below 916