Enrich Commodities India Pvt.Ltd
Published on 17/11/2017 10:37:23 AM

GOLD

Technical View

Gold 4HR chart has formed “Ascending broadening wedge” pattern and the corrections are clear that market is on a rally to break every possible higher resistance in the previous sessions. The same is expected in the upcoming one that market will have some small correction, but will rally on bullish momentum as per the analysis. Once the market breaks above the strong resistance level which holds at $1286(29550) then the buy signal will be confirmed towards next higher resistance level. Support holds near $1277.50(29340).

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Inditrade Derivatives & Commodities Ltd
Published on 17/11/2017 10:05:10 AM

Alert> Precious metals traded in a narrow range ahead of US tax reform developments. Base metals prices continued to slide in today’s trade on concerns of slowdown in Chinese economy. Mcx Copper Nov prices expected to remain weak till prices manages to trade below 442 with the price objective of 432. Cmp 438.45. Oil prices fell marginally on signs of increase in US supply which could undermine extension of OPEC’s curbs on output