MCX Gold Call For Today
Gold trading range for the day is 26658-27056. Support is looking at 26747-26658 levels while Resistance is at 26946-27056 levels on MCX. Gold prices settled flat as pressure seen on prices as equities rallied and the dollar steadied. The Fed's policy meet later this month will be eyed for stronger clues about the timing of a rate hike. U.S. inflation data that indicated the Fed was on course to start raising interest rates this year failed to boost the greenback.
MCX Gold Call for Today: Sell Gold June at 26900, Stop loss 27080 and Target are 26780-26650.
Gold trading range for the day is 26658-27056. Support is looking at 26747-26658 levels while Resistance is at 26946-27056 levels on MCX. Gold prices settled flat as pressure seen on prices as equities rallied and the dollar steadied. The Fed's policy meet later this month will be eyed for stronger clues about the timing of a rate hike. U.S. inflation data that indicated the Fed was on course to start raising interest rates this year failed to boost the greenback.
MCX Gold Call for Today: Sell Gold June at 26900, Stop loss 27080 and Target are 26780-26650.
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MCX Silver Call Today
Silver trading range for the day is 35440-37094. Support is looking at 35757-35440 levels while Resistance is at 36584-37094 levels on MCX. U.S. inflation data that indicated the Fed was on course to start raising interest rates this year failed to boost the greenback. Silver dropped amid a stronger dollar, as traders digested an unexpected stimulus measure in China and continued uncertainty of a Greek departure from the euro zone. Traders will be closely watching developments in Greece as any worsening of the debt situation could trigger demand for safe-haven.
MCX Call For Silver: Sell Silver May at 36540, Stoploss 36800, Targets are 36150-35750.
