Gold Price climbed likely higher on today as a weaker dollar.MCX Gold turned positive on Friday closing at Rs.24730 and has been trading with large gain in the morning session today.Spot Gold has recovered from its low of $1077 and is currently trading near $1100.
MCX Silver was the weakest performer amongst the precious metals closing lower at Rs.33702.Short term bias for the metal remains weak and rallies towards resistance could be used as good selling opportunity.
MCX Gold Silver tips
MCX Gold Intraday pullback looks to continue as long as Rs.24790 – 24660 is held on downside. Intraday resistances are pegged at Rs.25050 - 25170. For short term, selling near resistance is still advised.
MCX Silver Intraday resistance for the counter is at Rs.34180 – 34350- 34460.he metal could test Rs.33670- 33540 - 33230 on the downside.
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