At MCX, Gold has support at 44,660-44,500 and resistance is placed at 45,150-45,300 and Silver has support at 65,800-65,500 and resistance at 67,000-67,600 levels. We suggest buying in the gold on dips, suggest experts.
Gold has support at Rs 44,770-44,580 and resistance at 45,200-45,380 levels. The metal may remain choppy on March 19, say experts.
Technically, MCX Gold April could give a positive breakout above Rs 45,000 which could push prices up to Rs 45,500-45,700 levels. Support is at Rs 44,800-44,550 levels.
Gold may remain choppy ahead of Fed decision, however, general bias may be on the upside amid expectations that Fed and other central banks may maintain a dovish stance.
Gold may remain choppy ahead of Fed decision tomorrow. However, the general bias may be on the upside amid hopes that Fed may maintain a dovish stance.
Experts say traders can look at buying gold on dips for a target of Rs 44,950. All eyes are now on the Federal Reserve monetary policy outcome, to be released on March 17, amid concerns that the $1.9-trillion relief package could reignite inflation.
Silver has support at 67,000-66,600 and resistance at 68,100-68,800. Buying silver on dips around 66,900, with a stop loss below 66,400 for a target of 68,200, say experts.
Silver has support at 66800-66200 and resistance is placed at 68100-68800 levels. We suggest buying in the silver on dips around 66800 with a stop loss 66100 on a closing basis for the target of 68200, suggest experts.
Firm dollar and higher U.S. Treasury yields continued to diminish gold's appeal. Experts feel investors should go short on rallies or a bounce towards 44,500, for a target of Rs 44,000 per 10 gm.
MCX Gold April supports are at 44500-44250. Resistance is at 44730-44900. MCX Silver May supports are at 65100-64300. Resistance is at 6400-67230, suggest experts.
On MCX, gold has support at Rs 44,700-44,500 and resistance at Rs 45,155-45,380. Silver's support is at Rs 67,300-66,600 and resistance at Rs 68,800-69,500 levels.
At MCX, Gold has support at Rs 45330-45100 and resistance is placed at Rs 45770-45920. Silver has support at Rs 68800-68300 and resistance at Rs 69500-70200 levels, suggest experts.
Gold has support at Rs 45,100-44,880 and resistance at Rs 45,550-45,770; support for silver prices is at Rs 68,300-67,700 and resistance at Rs 69,200-69,900 levels, suggest experts.
Gold has support at 45,550-45,300 and resistance at 46,000-46,300; silver is having support at 68,300-67,700 and resistance at 69,500-70,200, suggest experts.
Gold has support at 46550-46400 and resistance at 47050-47220. Experts suggest buying in gold around 46700 with the stop loss of 46480 on a closing basis for the target of 47100.
Gold has support at Rs 45,920-45,770 and resistance at Rs 46,330-46,550. For silver, support is at Rs 68,000-67,400 and resistance at Rs 69,100-69,500, say experts.
The keener investor interest in Bitcoin and other cryptocurrencies could be taking away some of the investors from historical safe-haven assets gold and silver, suggest experts.
MCX Gold April has given a breakdown below Rs 47000 levels and could continue its downside momentum up to 46560-46200 levels. Resistance is at Rs 47020-47350 levels.
Experts are of the view that precious metals may remain choppy but the general bias would be on the upside amid weak dollar.
Gold may continue to witness mixed trade unless there are fresh triggers but general bias may be on the upside on US stimulus expectations.
Gold and silver are showing weakness on strength in bitcoin and profit-taking in the US equity markets, say experts. Gold may find support near Rs 47,200.
Gold may witness choppy trade amid lack of fresh cues however there is a possibility of correction if US dollar manages to recover, suggest experts.
Gold has support at Rs 47750-47500 and resistance at Rs 48300-48580. Silver is having support at Rs 69500-68500 and resistance at Rs 70700-71500 levels.
Experts suggest buying the dip in the domestic precious metal prices. Any dip towards Rs 47,580 should be used to go long for the target of Rs 49,100 per 10 gm.
Experts advise investors to go short on rallies for a target of 46,400 as prices are expected to remain under pressure in the short term.