Gold - Dec 28, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

LBMA Gold Spot is holding a resistance near $1895 levels which is also a 100-Daily Moving Average below which could see some sideways consolidation where it holds a strong support near $1868-$1853 levels. Resistance is at $1895-$1910 levels.

MCX Gold February is holding well above a strong support near 65-Daily Moving Average above 50050 levels indicating for a bullish trend to continue upto 50600-50900 levels. Support is at 50100-49900 levels.

*Strategy for Gold February Buy near 50180-50200 SL 50050 TGT 51400*

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Source : Equity Bulls

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