Gold trading range for the day is 29398-29712.Gold looks steady as the anticipation of a rate cut by the ECB offset the impact of a stronger dollar.Gold rose in recent sessions on sentiment BoE and US Federal Reserve will roll out monetary easing measures to jolt their economiesECB likely to cut interest rates to a record low and the BOE will announce new bond buying. Gold is trading above 50DMA, which is at 29557, now intraday gold is holding support at 29398 and resistance at 29712.
PMS Commodity Equity insurance shares Trading Tips Bond fixed Income Advisory MCX NCDEX NSE BSE Spot Exchange Analysis Research Technical De-Mat
No comments:
Post a Comment