GOLD TECHNICAL UPDATE :
Gold Dec Comex future prices are trading near support of $1729 levels ( Previous low), down by -10 dollars from the previous close. A significant break below $1729 would trigger fresh selling towards $1720. On the higher side key resistance level to watch for intraday is at $1743-1745 levels, which is likely to hold the downside view.
Gold Dec MCX future prices are witnessing a stiff resistance near 31511 levels. Sustained trades below the same it is likely to remain lower. Due to rupee depriciation prices are trading higher. On the lower side support is seen at 31300 levels. Break below the same confirm downtrend for intraday. Expected trading range would be 31300-31511 levels. CMP 31402