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Below are Views on Weekly Oulook - Gold & Silver By Mr. Anuj Gupta, Vice President, IIFL Securities

The short-term trend remains moderately bullish in gold until Comex gold trades above the $2015 level, and traders should adopt a buy-on-dip strategy.

Comex Spot Gold has strong support at $2033/$2015 and resistance at $2070/$2088. A decisive break above the $2088 level will open further upside towards $2120.

Comex Silver is expected to trade in a broader range of $23.50 to $24.70. Looking at the daily chart, it has strong resistance at $24.70. A bullish trend will resume only above $24.70, and the price can rally to the $25.40 level.

MCX Gold February future has resistance at 63480/63900 and support at 62380/61950.
MCX Silver March future has 76300/77500 and support at 74080/72700.

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