India, Sept. 16 -- Technically Gold market is under short covering as market has witnessed drop in open interest by 5. 71% to settled at 10474 while prices up 82 rupees.
Now MCX Gold is getting support at 51492 and below same could see a test of 51216 levels and resistance is now likely to be seen at 52113 a move above could see prices testing 52458.
Gold yesterday settled up by 0.16% at 51769 as the dollar weakened and investors turned their focus to a U.S. Federal Reserve monetary policy meeting seeking details of how it planned to hold down rates while aiming to boost inflation.
Market participants now await the U.S. Fed s two-day policy event which ends on Wednesday its first such meeting since Chairman Jerome Powell unveiled a polic...