Gold Prices Correct from Lifetime High as Traders Monitor Dollar Index
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#bc063816 ver:0.18
Gold prices in India have corrected from their lifetime high as traders monitor the dollar index. MCX April gold futures were trading at Rs 66,140 per 10 grams, up by Rs 26 or 0.04%. May silver futures were trading at Rs 74,450 per kg, lower by Rs 68 or 0.09%. Gold has corrected by Rs 803 from its lifetime high of Rs 66,943. In the international market, gold prices had surpassed the $2,220 per troy ounce mark. On the daily chart, MCX April gold contracts have formed an inverted hammer candlestick pattern, indicating potential bearishness. Traders are advised to sell MCX April gold futures at Rs 66,100 with a stop loss of Rs 66,500 and a price target of Rs 65,600. For MCX May silver futures, traders can sell at Rs 74,500 with a stop loss of Rs 75,500 and a price target of Rs 72,500. Analyst...
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