Gold Technical Comment For The Day: March 23

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Gold Technical Comment For The Day: March 23

Money Market Guru – After significant correction in prices during last two weeks, Gold has gained in the trading session ending 22 March 2017. The session on 22 March 2017 was significant for April expiry Gold prices. Refined Gold ended at INR 28900 for 10 grams, up 0.17%.

Although the prices are above beneficial zone a correction towards INR 28800 per 10 grams cannot be ruled out. On Tuesday, Gold tested a high of INR 28929 per 10 grams and a low of INR 28803 per 10 grams. Resistance for Gold is at INR 29100 per 10 grams while supports are active at Rs 28500. — Money Market Guru — Pia

Gold Technical Comment For The Day: March 23 | Money Market Guru