In the last couple of
weeks we have been watching the weakness in the gold and silver. Both
of these precious metals are trading in the range bound. The best &
Ideal trading Strategy for the gold and silver would be to go for
buying on dips. In the next couple of weeks of October month we are
not expecting some great or marginal movement. The bullion metals
would be trading range bound in the upcoming weeks. If your are
trading in gold or silver intraday the ideal situation would be to
buy on dips. Even you can see the currency is trading flat on Forex.
Looking at present
conditions the gold and silver are in bullish side. The gold contract
of month December will be a sell call from our side. We are expecting
a support levels of Rs 31370 & Resistance of Rs. 31490 for gold.
For the Silver We advice you to Buy at 61800 by placing Stop loss of
61600 and Target 62050.
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