Below are Views On We have noticed profit booking in gold and silver prices By Mr. Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking Ltd
We have noticed profit booking in gold and silver prices ahead of a policy announcement from Federal Reserve and also fed out of expectation of U.S Stimulus plan. However increasing corona virus cases and weakness in dollar may support the Gold and Silver prices. Global coronavirus cases surpassed 100 million on Wednesday as the globe struggle with new virus variants and vaccine shortfalls.
As of today Traders can go for buy in Gold at 48700 levels with the stop loss of 48400 levels for the target of 49400 levels. They can also for buy in Silver at 66000 levels with the stop loss of 65300 levels for the target of 67300 levels. We are expecting that gold may test $1900 levels and Silver may test $27 levels again soon.
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