In
the Bullion Counter Gold treand dropped for a second session on
Tuesday, pulling further away from a two-week high as growing
expectations for a US interest rate hike kept the dollar near an
11-year peak against a basket of currencies.
Spot gold fell nearly 1 percent to a session low of $1,194.90 an ounce and was trading at $1,199.10 by 0241 GMT, down 0.6 percent.
Firm
Chinese demand had kept gold above $1,200 since last week, climbing
to a two-week top of $1,223.20 on Monday before slipping.
In
the Indian Bullion market Gold is in Down trend The
Gold is now trading in oversold level. .Positionally Support for the
Gold is 26245-26140-.Resistance for the Gold is 26978-27094.
1 comments - Add Yours
Very useful updates on gold i got to learn here. Traders should always keep themselves well updated with stock market movements to sustain in market with good returns. For experts sample calls contact epic research .
Post a Comment