Gold, Silver trading strategy: Yellow metal to trade in Rs 44600-Rs 45200 range - what you can do
CapitalVia Global Research says that LBMA Gold Spot trading above $ 1730 levels, due to decline in U.S. treasury yields might be signaling that market participants are heeding to the Federal Reserves current monetary policy. This policy includes keeping interest rates between zero and 25 basis points likely into 2022. Downside support is $1675- $1700 levels, Resistance is at $1740 - $1760 levels.
CapitalVia Global Research says that LBMA Gold Spot trading above $ 1730 levels, due to decline in U.S. treasury yields might be signaling that market participants are heeding to the Federal Reserve’s current monetary policy. This policy includes keeping interest rates between zero and 25 basis points likely into 2022. Downside support is $1675- $1700 levels, Resistance is at $1740 - $1760 levels.
MCX Gold April trading with positive momentum in the evening session, Downside support for the metal is Rs 44600. Resistance for the metal is Rs 45200.
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MCX Silver March has shown a positive movement and trade near Rs 67500 levels, it has broken the top of the inverted hammer, which is a bullish sign itself. MCX Silver March is approaching the 50 day EMA, so that has a part of play, but if it breaks above there then it is very likely that MCX Silver March will go looking towards the Rs 69000 level, Downside support is Rs 66500 levels, Resistance is at Rs 68200 levels.
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