Weekly Outlook Gold & Silver by Anuj Gupta, HDFC Securities
Below the Quote on Weekly Outlook Gold & Silver by Anuj Gupta, HDFC Securities
Gold prices are expected to trade in a broader range of $2017 to $2070 with moderate baris bias. A fall below the 2017 level will open further downsides towards the $1994 level. Upside looks limited to $2070 and $2088 levels.
MCX Gold Feb Future has support at 61950/61400 and resistance at 63080/63320
The silver-shot term trend remains bearish until the price trades below the $24.10 level, and we expect the price to correct to the $21.80 level in the short term. It has support at $22.50/$21.80 and resistance at $24.10/$24.35.
The MCX Silver March future has support at 71080/69900 and resistance at 74140 (60DEMA)/75000.
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