Today morning gold prices at Globex platform is seen trading at $1613 down by 0.45 percent from its previous close. The day is going to be good as many economic factors/indicators are expected from across the globe and we might see volatile day ahead. Gold prices as expected resisted around 28100, traders are adviced to sell the precious metal around 27900 -950 with strict stop loss of 28150 for the down side target of 27550 – 500.
MCX Gold (FEB.) Trend: Consolidate
Resistance2- 28300, Resistance1- 28050, Support1- 27600, Support2- 27350
Strategy: Buy on Lower Levels
Today morning Silver prices at COMEX/Globex platform are seen trading at $29.17 down by 0.25 per cent. The day is certainly looking good that prices are expected to correct. Already Asian equities are trading lower and euro currency is at negative. Silver prices are struggling to cross 54300 on higher end, hence traders can sell 53500 – 600 for the down side target at 52500.
MCX Silver (MAR.) Trend: Consolidate
Resistance2- 55900, Resistance1- 54900, Support1- 52100, Support2- 50900
Strategy: Buy on Lower Levels
MCX Gold (FEB.) Trend: Consolidate
Resistance2- 28300, Resistance1- 28050, Support1- 27600, Support2- 27350
Strategy: Buy on Lower Levels
Today morning Silver prices at COMEX/Globex platform are seen trading at $29.17 down by 0.25 per cent. The day is certainly looking good that prices are expected to correct. Already Asian equities are trading lower and euro currency is at negative. Silver prices are struggling to cross 54300 on higher end, hence traders can sell 53500 – 600 for the down side target at 52500.
MCX Silver (MAR.) Trend: Consolidate
Resistance2- 55900, Resistance1- 54900, Support1- 52100, Support2- 50900
Strategy: Buy on Lower Levels
