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Published on 20/01/2021 11:19:20 AM | Source: Angel Broking Ltd

Traders can go for buy in Gold at 48900 levels with the stop loss of 48600 levels By Anuj Gupta, Angel Broking

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Below are Views On Traders can go for buy in Gold at 48900 levels with the stop loss of 48600  levels By Mr. Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking Ltd   
 
Yesterday Gold and silver prices increased U.S treasury secretary nominee Janet Yellen’s plans to fight the coronavirus-induced economic crisis with big spending.

Gold increased  by 0.18% and closed at 48983 levels. Silver prices also increased by 0.93% and closed at 66036 levels. The hope on stimulus package in US economic by the US Govt. Weakness in Dollar also supportive the Gold and silver.

 

As of today Traders can go for buy in Gold at 48900 levels with the stop loss of 48600  levels for the target of 49500 levels. They can also for buy in Silver at 66000 levels with the stop loss of 65400 levels for the target of 67500 levels. We are expecting that gold may test $1880 levels and Silver may test $27 levels again soon.

 

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