Weekly Outlook on Gold and Silver By Mr. Anuj Gupta, IIFL Securities
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Below are Views on Weekly Gold and Silver Outlook By Mr. Anuj Gupta, Vice President, IIFL Securities
Comex spot gold is expected to trade in the range of $1965 to $2050 with a moderately sideways bias. Only a decisive move above the $2050 level will open upside towards the $2070/$2085 levels.
Comex Silver has strong resistance at $24.70 until price trades below this level. On the flip side, it has support at $23.35/22.80. We expect the silver price to fluctuate in the broader range of $23.35 to $24.70 this week.
MCX Gold Feb Future has support at 61525/61005 and resistance at 62880/63300.
The MCX Silver March future has supports at 72540/71200 and resistance at 75600/76380.
Above views are of the author and not of the website kindly read disclaimer
