Gold Silver Tips Today : As Expected MCX Gold Silver Down. Gold is showing a steady move as it held on to $1880 levels on Tuesday amid weakness in the dollar index as COVID-19 cases are surging again in the United States.
SELL MCX GOLD – 50000 To 49857 = 143 Points
SELL MCX SILVER – 68400 To 68060 = 340 Points (Small Profit)
“At present, traders and investors prefer to focus on the major rollout of a Covid vaccine that is likely to tamp down the virus by summertime. Fresh stimulus talks in the United States and weakness in the dollar index continue to support precious metal prices,”.
“We expect gold prices could test $1900 per troy ounce levels again in Wednesday’s session. MCX Gold has support at $1870-1855 per troy ounce and resistance at $1896-1910 per troy ounce. Silver is having support at $25.88-25.50 per troy ounce and resistance at $26.55-26.80 per troy ounce,” he said.