Overall trend of gold -- 19 oct 2015

Pramod (Finance Professional) (43 Points)

19 October 2015  

Inflation data on this Thursday had also facilitated the dollar move away from the 7 week low as it rekindled prospect the Fed could hoist rates for the first time in almost a decade in the December. Other data, conversations, showed a drop in the assets of the SPDR Gold Trust, the top gold backed exchange-traded fund, by 0.89 percent to 693.75 tonnes on this Friday.

 

GOLD DEC. : SIDEWAYS

RESISTANCE 2 : 27370

RESISTANCE 1 : 27230

SUPPORT 1 : 27020

SUPPORT 2 : 26870