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Commodity Corner: MCX Gold, Silver futures likely to consolidate - Best Business Review Site 2024

Commodity Corner: MCX Gold, Silver futures likely to consolidate

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The MCX Gold futures may seek near support around Rs 52,040; whereas Silver futures have multiple key support around Rs 65,235 and Rs 64,600.

Topics
Gold futures | gold and silver prices | Silver Prices



Rex Cano  | 
Mumbai 

Gold Bias: Consolidation Resistance: Rs 53,130 Support: Rs 51,630 Last close: Rs 52,261 The MCX Gold futures are currently testing support around the short-term moving averages (20-DMA) on the daily charts, placed at Rs 52,040-odd levels. The next immediate support for the Gold futures is at Rs 51,630-odd levels – its 50-DMA.

As per the price-to-moving average action, the bias remains positive for MCX Gold futures as the prices have managed to sustain above the key moving averages, further the 20-DMA is also above the 50-DMA. According to the daily charts, as long …




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First Published: Mon, April 25 2022. 09:26 IST



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