MTECHTIPS:-Gold to trade in 27522-27956

MTECHTIPS:-Gold to trade in 27522-27956

MTECHTIPS-Gold trading range for the day is 27522-27956. Gold prices edged up after nearing technical support and as traders awaited signals from central banks on interest rate hikes. Pressure continues from Friday after upbeat monthly data on U.S. jobs supported expectations for at least one more rate hike from the Federal Reserve this year. The U.S. economy continues to churn out jobs and grow at a steady pace, with investment and consumer confidence both healthy and only moderate signs of risk in financial markets. BUY GOLD AUG 2017 @ 27700 SL 27580 TGT 27850-27920. MCX.

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