Gold - April 6, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International gold prices are trading with small gains this early Tuesday afternoon trade in Asia to their supported by a weaker dollar and pullback in U.S. bond.

However, upside remained capped as recent better-than-expected economic readings out of the United States have lifted hopes around swift recovery and drove investors towards riskier assets.

Lack of any major data could keep the prices range bound this Tuesday.

Technically, LBMA Gold Spot is holding above 21-Daily Moving Average which is placed at $1727 level indicating the continuation of the positive momentum where could see further upside $1739-$1754 levels.

Domestic gold prices are trading with gains this early Tuesday afternoon trade, tracking overseas prices.

Technically, MCX Gold June will hold support near 45250-45000 levels and 45500-45750 will remain as resistance.

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Source : Equity Bulls

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