Intraday Gold Silver Tips Rocking – Gold Low ₹37659 | Silver Low ₹44010 Rona Mana Hai – Trade With Neal Bhai
MCX Gold Low ₹37659
MCX Silver Low ₹44010
Gold futures bounced back on November 8 after hitting a near one-month low on November 7 after China and the United States agreed to rollback tariffs as part of Phase 1 of the trade deal.
Read More : Gold Silver Pani Pani—— Sapne Dekho Gold 42000 Silver 56000 — Rona Mana HAi
Gold December futures were trading with a positive bias at Rs 37,786 per 10 gram at 0920 hours IST. Silver December futures were up 0.4 percent at Rs 44,352.
On November 7, MCX Gold December contracts saw a sharp breakdown from its multiple support levels of Rs 37,900/10 gm with unusual volume activity. On the daily chart, it traded with a strong bearish sentiment. Bears dominated the day as the yellow metal breached its important 50-day EMA placed at Rs 37,850 on the downside.
Experts feel that the trend could largely be on the downside and investors should use rallies to sell with a target of Rs 37,250 per 10 gm.
