Today morning gold prices at Globex platform is seen trading at $1612.90 slightly higher than the previous close. It is imperative to say that international markets are likely to stay off until next Tuesday owing Christmas holiday. Gold market is expected to stay stable for the day. Any further improvement on the economic data should pull gold to correct.
MCX Gold (February) Trend: Consolidate
Resistance2- 28230, Resistance1- 27960, Support1- 27375, Support2- 27120
Strategy: Buy on Lower Levels
Today morning Silver prices are seen trading at $29.22 marginally higher from its previous close. Taking cues from US equities today Asian equities are also trading higher and that is supporting silver prices to trade on a positive note. Silver prices might recover a tad.
MCX Silver (March) Trend: Consolidate
Resistance2- 54700, Resistance1- 53500, Support1- 51050, Support2- 50200
Strategy: Buy on Lower Levels
MCX Gold (February) Trend: Consolidate
Resistance2- 28230, Resistance1- 27960, Support1- 27375, Support2- 27120
Strategy: Buy on Lower Levels
Today morning Silver prices are seen trading at $29.22 marginally higher from its previous close. Taking cues from US equities today Asian equities are also trading higher and that is supporting silver prices to trade on a positive note. Silver prices might recover a tad.
MCX Silver (March) Trend: Consolidate
Resistance2- 54700, Resistance1- 53500, Support1- 51050, Support2- 50200
Strategy: Buy on Lower Levels
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