MTECHTIPS:-Gold to trade in 27644-27990 range: Achievers Equities

MTECHTIPS:-Gold to trade in 27644-27990 range: Achievers Equities

MTECHTIPS- Gold trading range for the day is 27644-27990. Gold dropped after the dollar rebounded on the back of a decision by the ECB to extend monthly asset purchases until next December. Investors gave the extension more weight than the ECB’s unexpected decision to cut its asset buying to 60 billion euros a month from next April. SPDR gold trust holdings dropped by 0.34% i.e. 2.96 tonnes to 860.71 tonnes from 863.67 tonnes. SELL GOLD FEB @ 27850 SL 28000 TGT 27680-27550. MCX.

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