Gold - April 15, 2021 - Reliance Securities

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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Source : Equity Bulls

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