5:36 AM
Analyst
The decline of gold has increased in the domestic market. MCX gold has slipped down to Rs 27,000 and has touched the lower levels of 26850 in the Indian market on Tuesday. There is pressure on the gold in the global market. But the impact of rupee against the dollar on gold is more firmly in the eye.
This week, the European Central Bank is going to announce interest rates. Euro zone inflation and unemployment figures came out today expected to cut the interest rates have also raised. Meanwhile, the U.S. Federal Reserve's crucial meeting today is going to be launched, which will last for 2 days.
Trading Advices:- At around 5.40 Pm MCX Gold is trading 250 Rs down against the previous close and trading rate is 26885 in June contract. Now our expectation- After 6 Pm MCX Gold will be run on Upper levels & will be touch the levels of 27,000. You can Buy Immediate MCX Gold above at 26,900 Targets 27050, 27000 Stop Loss 26,800.
This week, the European Central Bank is going to announce interest rates. Euro zone inflation and unemployment figures came out today expected to cut the interest rates have also raised. Meanwhile, the U.S. Federal Reserve's crucial meeting today is going to be launched, which will last for 2 days.
Trading Advices:- At around 5.40 Pm MCX Gold is trading 250 Rs down against the previous close and trading rate is 26885 in June contract. Now our expectation- After 6 Pm MCX Gold will be run on Upper levels & will be touch the levels of 27,000. You can Buy Immediate MCX Gold above at 26,900 Targets 27050, 27000 Stop Loss 26,800.
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1 comments:
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