Last week gold prices corrected sharply by 4.22% By Anuj Gupta, Angel Broking
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Weakness in dollar due to disappointing US Jobs data last week and lower US bond yield also increase the safe haven demand of Gold. Expectation of Relief package for US economy may also give support to the gold and silver prices.
As of today traders can go for buy in gold at 47000 levels with the stop loss of 46600 levels for the target of 47600 levels and also buy in silver at 68000 levels with the stop loss of 67400 levels and for the target of 69500 levels.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
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