2025-05-02 15:28:04
Latest Post
Godrej Agrovet Limited consolidated Q4FY25 net profit drops QoQ to Rs. 70.78 crores
L G Balakrishnan & Bros Ltd posts Rs. 84.03 crores consolidated profit in Q4FY25
Swastika Investmart Ltd Q4 FY2025 consolidated profit slumps to Rs. 27.17 lakhs
Vertex Securities Ltd consolidated Q4 FY25 loss at Rs. 53.99 lakhs
The Federal Bank Limited consolidated Q4FY25 PAT jumps to Rs. 1108.31 crores
Commodities
Gold - Feb 18, 2021 - Reliance Securities
Posted On : 2021-02-18 19:03:28( TIMEZONE : IST )
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International gold prices are trading higher this Thursday morning and early afternoon trade in Asia amid covering of shorts after the recent fall.
However, upside remained capped as the dollar remained strong and progress in the global economic recovery from COVID-19 dampened demand for the safe-haven yellow metal.
Markets will look to cues from the jobless claims data due tonight.
Technically, LBMA Gold Spot has bounced back from $1770 but it could continue its Bearish momentum up to $1771-$1762 levels. Resistance is at $1788-$1797 levels.
Domestic gold prices are trading higher this Thursday morning and early afternoon trade, tracking overseas prices.
Technically, MCX Gold April is trading on a positive note and could hold onto the support near 46050-45880 levels for the rest of the session. Resistance is at 46400-46700 levels.
Strategy for Gold April for the rest of the session will be Sell near 46400-46450 with a stoploss at 46600 and target at 46000.
Disclaimer: The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained herein.
