Monday 16 June 2014

CAPITAL STROKE UPDATE 17-June-2014 : MCX GOLD




CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26500 S2-26200
Gold ended with gains getting support from geopolitical issues, but any macroeconomic improvement could cap rallies.
Concerns over the ongoing unrest in Iraq continued to weigh on the dollar, as escalating conflict could dampen global recovery.

SPDR gold trust holdings dropped by 4.20 tonnes i.e. 0.53% to 782.88 tonnes from 787.08 tonnes.

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