Published on 28/01/2021 11:40:13 AM | Source: Angel Broking Ltd

Yesterday Gold prices corrected sharply by 0.57% By Anuj Gupta, Angel Broking

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Below are Views On Yesterday Gold prices corrected sharply by 0.57% By Mr. Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking Ltd   
Yesterday Gold prices corrected sharply by 0.57% and closed at 48865 levels on the back of strength in Dollar and fadeout expectation of stimulus package in US economy.

The safe-haven dollar rallied as Federal bank may come out with positive stance on US economy after two days meeting. Strong dollar and increasing bond yield putting pressure on gold and silver.


As of now traders can go for sell in gold at 48900 levels with the stop loss of 49100 levels for the target of 48200 levels. They can also go for sell in silver at 66000 with the stop loss of 66700 for the target of 64800 levels.


Above views are of the author and not of the website kindly read disclaimer

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