Gold becomes dull on Friday at a six-month low and was on
the edge of tipping over to a 3-1/2 year trough after the Federal Reserve's
move to cut back its bond-buying stimulus prompted a huge sell-off.
The metal is heading for its worst weekly performance in
three months and its biggest annual loss in 32 years.
GOLD (FEB) :
Trend: Consolidate | Strategy: Buy on dips
R1- 28670, R2- 28950| S1-28050, S2- 27780
Silver ready remained under selling pressure and
surrendered further Rs 425 to Rs 44,225 per kg and weekly-based delivery by Rs
420 to Rs 44,580 per kg. Silver was down 2.7percent at $19.19 an ounce.
Silver coins maintained steady trend at Rs 85,000 for
buying and Rs 86,000 for selling of 100 pieces.
SILVER (MAR) :
Trend: Consolidate | Strategy: Sell on high
R1- 44850, R2- 45700| S1-43350, S2- 42280
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Commodity Trading Tips:
ReplyDeleteBrent spot opened at 54.80 in Asia with WTI spot at 52.30. Brent has support nearby at 53.95, its 100-day moving average, with WTI’s 100-day moving average also nearby at 51.45.
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