MTECHTIPS MCX GOLD INTRADAY trading tips 16-06-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 16-06-2017
MTECHTIPS Mcx Gold trading range for the day is 28563-29053.Gold prices dropped following the release of upbeat U.S. economic data and as investors continued to digest the Federal Reserves hawkish message.The Fed raised interest rates for the second time this year at the conclusion of its policy meeting, putting it in a range between 1.0%-1.25%.The central bank maintained its outlook of three rate hikes total for this year, as it expects that a tightening labor market will lift inflation to the 2% target.The Fed also provided greater details on how it plans to reduce its massive $4.5 trillion balance sheet.
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