Views on Gold Outlook By Anuj Gupta, IIFL Securities
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Below are Views on Gold Outlook By Mr. Anuj Gupta, Vice President, IIFL Securities
“Yesyerday we seen a recovery in Gold and Silver prices. It recovers from oversold zone. Technical indicators are showing recovery in the prices from oversold zone and positive divergence is also indicating recovery in the prices.
Gold may test $1850 to $1855 levels and silver may test $22.20 to $22.50 levels.
On mcx we are recommending buy in gold at 50200 to 50300 levels with the stoploss of 49940 levels for the target of 50800 levels.
They can also go for buy in silver at 61000 levels with the stoploss of 60300 levels for the target of 62500 to 63000 levels soon.”
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