Home / Markets / Commodities / Outlook on Gold, Silver and Crude by Bhavik Patel of Tradebulls Securities

Outlook on Gold, Silver and Crude by Bhavik Patel of Tradebulls Securities

On MCX, next target for Gold comes around Rs 52,000 where it will see some pullback as it has rallied one way in relative short period of time

Web Exclusive Premium

In short term, gold prices are overbought so any short term or intra-day traders should wait for any meaningful correction

Bhavik Patel Mumbai

4 min read Last Updated : Jul 24 2020 | 8:26 AM IST

Gold bulls are in a rush to make all time high in COMEX. Gold is sustaining above $1850 and is very near to all time high of $1920. In all other currencies, gold is trading at all time high. In short term, prices are overbought so any short term or intra-day traders should wait for any meaningful correction before entering the market and investors with horizon of 2-3 years can buy from current levels too. In MCX, next target comes around Rs 52000 where gold will see some pullback as it has rallied one way in relative short period of

Topics : commodity outlook Gold Prices Gold Silver Prices Crude Oil Price natural gas

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in