Dollar comes on back foot against Indian currency, today at
interbank foreign exchange rupees gain +48 point to 57.50 at 2:59 pm. Weak dollar
result negative trend in bullion, at domestic market. On intraday trade at MCX gold and silver open
at positive side but weak dollar loss support and gold silver fall by more than
-300 together. International gold prices
also down by 0.39% or -5.37 to 1380.70. On evening trade
gold price are expected to trade in bearish side with low movement with some correction.
Following yellow metal silver prices
also fall in day trade by more than -150 point and touched a low of 43074. Silver for future delivery expected some correction
with crude oil in evening trade.
Sell gold below 27600 tgt 27550, 27500, 27400---……sl 28050
Sell silver below 43125 tgt 43050, 42950, 42800--………….sl
43500
Buy crude oil above 5585 tgt 5590, 5600, 5610………….sl 5550
Sell natural gas below 219.25 tgt 218.80, 218.50, 218---……………sl
222
GOLD CHART
Seed Newsvine
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