AGL 40.15 Decreased By ▼ -0.06 (-0.15%)
AIRLINK 126.91 Decreased By ▼ -0.73 (-0.57%)
BOP 6.69 Increased By ▲ 0.02 (0.3%)
CNERGY 4.53 Increased By ▲ 0.08 (1.8%)
DCL 8.62 Decreased By ▼ -0.11 (-1.26%)
DFML 41.05 Decreased By ▼ -0.11 (-0.27%)
DGKC 85.55 Decreased By ▼ -0.56 (-0.65%)
FCCL 33.00 Increased By ▲ 0.44 (1.35%)
FFBL 66.20 Increased By ▲ 1.82 (2.83%)
FFL 11.57 Decreased By ▼ -0.04 (-0.34%)
HUBC 111.25 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.80 Decreased By ▼ -0.01 (-0.07%)
KEL 5.14 Increased By ▲ 0.10 (1.98%)
KOSM 7.64 Increased By ▲ 0.28 (3.8%)
MLCF 40.28 Decreased By ▼ -0.05 (-0.12%)
NBP 60.50 Decreased By ▼ -0.58 (-0.95%)
OGDC 194.00 Decreased By ▼ -0.18 (-0.09%)
PAEL 26.74 Decreased By ▼ -0.17 (-0.63%)
PIBTL 7.37 Increased By ▲ 0.09 (1.24%)
PPL 153.89 Increased By ▲ 1.21 (0.79%)
PRL 26.22 No Change ▼ 0.00 (0%)
PTC 17.19 Increased By ▲ 1.05 (6.51%)
SEARL 85.51 Decreased By ▼ -0.19 (-0.22%)
TELE 7.60 Decreased By ▼ -0.07 (-0.91%)
TOMCL 34.12 Decreased By ▼ -2.35 (-6.44%)
TPLP 8.70 Decreased By ▼ -0.09 (-1.02%)
TREET 16.78 Decreased By ▼ -0.06 (-0.36%)
TRG 62.50 Decreased By ▼ -0.24 (-0.38%)
UNITY 27.27 Decreased By ▼ -0.93 (-3.3%)
WTL 1.30 Decreased By ▼ -0.04 (-2.99%)
BR100 10,127 Increased By 41.8 (0.41%)
BR30 31,215 Increased By 44.4 (0.14%)
KSE100 95,054 Increased By 290.4 (0.31%)
KSE30 29,497 Increased By 86.9 (0.3%)

SINGAPORE: Spot gold may test a resistance at $1,992 per ounce, a break above which could lead to a gain to $2,003.

The gain on Thursday suggests the formation of a bullish wedge, which may turn out to be a continuation pattern, to be followed by a round of strong rally.

Spot gold may test support at $1,963

Support is at $1,974, a break below which could trigger a drop into $1,956-$1,965 range.

Comments

Comments are closed.