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Published on 25/01/2021 12:42:42 PM | Source: Angel Broking Ltd

Last week gold prices increased 0.90% By Anuj Gupta, Angel Broking

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Below are Views On Last week gold prices increased 0.90% By Mr. Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking Ltd  
 
Last week gold prices increased 0.90% and closed at 49140 levels and silver prices also increased sharply by 2.90% and closed at 66642 levels. The expectation of Stimulus package for US economy by new elected President Joe Biden. Weakness in Dollar is supportive for the Gold and Silver.

 

As of today Traders can go for buy in Gold at 49000 levels with the stop loss of 48700  levels for the target of 49700 levels. They can also for buy in Silver at 66500 levels with the stop loss of 65900 levels for the target of 68500 levels. We are expecting that gold may test $1900 levels and Silver may test $27 levels again soon.


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