Weekly Support & Resistance for GOLD
Resistance: 29350-29600
Pivot: 29,150
Support: 28600-28400
Gold: Last
week MCX Gold Aug traded in negative and remains in the range of 28600-29150.US
economic data and fed chair comment on possibility of moderate rate hike give
strength to dollar index. In MCX if gold trades above 29150 can rise up to
29350-29600around 29600 faces stiff resistance.
Silver : In MCX silver prices also fall and
trade in the range of 38300-39500.Bounce can be expected in silver prices if
trades above level of 38800 further rise till 39400-39700 possible. Below 38300
levels of 37800-37600 expected.
No comments:
Post a Comment