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Commodities
Gold - April 15, 2021 - Reliance Securities
Posted On : 2021-04-15 13:36:21( TIMEZONE : IST )
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International gold prices are trading with gains this early Thursday afternoon trade supported by a softer dollar and softening yields.
Meanwhile, investors remained cautious ahead of release of key U.S. economic data tonight.
Technically, LBMA gold Spot is holding a resistance near $1750-1755 levels and above the levels we could witness a push up to $1765-$1770 Supports are $1740-$1725 levels.
Domestic gold prices are trading with gains this Thursday afternoon trade, tracking overseas prices and a weaker Rupee.
Technically, MCX gold June immediate resistance is 46900 and a break above could push prices up to 47000. Supports are 46830 and 46730 and a break below both supports could pull prices to 46580.
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