Home / Markets / Market Technicals / Weekly Technical / Gold may take a breather around Rs 56,850; Trading range narrows for Silver

Gold may take a breather around Rs 56,850; Trading range narrows for Silver

The overall bias for Gold remains bullish, with near support seen at Rs 55,900 level. The Bollinger Bands indicate a likely trading range of Rs 2,000-odd points for the MCX Silver March futures.

Rex Cano |Business Standard | Mumbai
PremiumWeb Exclusive
Gold may take a breather around Rs 56,850; Trading range narrows for Silver

4 min read Last Updated : Jan 16 2023 | 9:43 AM IST
Follow Us

Listen to This Article

The MCX Gold futures have rallied over 12 per cent in the last 11 weeks, and are now again on five-week winning streak, up nearly 4 per cent. The overall bias continues to remain bullish, but consider

Topics :Gold Pricesgold silver pricescommodity tradingCommodity derivativesSilver PricesDerivative tradingTrading strategiesF&O StrategiesPrecious metalsFutures & Options

First Published: Jan 16 2023 | 9:43 AM IST

Also Read

Support for MCX Gold seen at Rs 51,865; Silver may dip to Rs 59,000-level

MCX Gold may seek support around Rs 51,100-level; Silver remains negative

Support for Gold moves higher to Rs 50,800; MCX Silver may test Rs 63,900

MCX Gold futures trade near 200-DMA; Silver likely to test 200-WMA

Despite pullback, MCX Gold, Silver futures face multiple hurdles ahead

Nifty Auto, Metal indices trading in thin range; here's how to play them

Near support for MCX Crude Oil seen at Rs 6,030; Natural Gas to test Rs 285

Gold to remain bullish above Rs 55,100; Silver may remain volatile

Crude Oil may weaken below Rs 6,340; key support for Natural Gas at Rs 333

Gold may enter short-term corrective phase, test Rs 52,000-level

Next Story