Gold and Silver Trend Today

Recovering from the initial decline, Gold and Silver regained the momentum on MCX and now around 28650 up by more than 0.50 % and Silver has come up nearly 2% to trade above 55000 level. Strengthening of Dollar against rupee had the direct effect on the precious metals and trend of these bullion metals started heading upwards.

Now Gold prices are heading towards 28850-29000 level if it manages to stay above 26650 with consistency and volume support.

Traders can long MCX silver above the level of 55200 for the targets of 55500-55800-56200 keeping a strict stop loss below 54750.


Post a Comment