BULLION: gold support $2034-1922, resistance $2055-2068, silver upport $25.74-25.55, resistance $26.20-26.35
સોના- ચાંદીમાં હાઇ વોલેટિલિટી, ક્રૂડમાં સતત ત્રીજા સપ્તાહે ઘટાડાનો ટ્રેન્ડ
અમદાવાદ, 5 મેઃ સોના- ચાંદીમાં ચાલી રહેલી હાઇ વોલ્ટેજ વોલેટિલિટી જોતાં મોટાભાગના નિષ્ણાતો લાંબાગાળાના રોકાણકારોને નવી ખરીદી માટે થોડી ધીરજ રાખવાની સલાહ આપી રહ્યા છે. સાથે સાથે ઉદાહરણ આપી રહ્યા છે કે, ભૂતકાળમાં જે રીતે ચાંદી રૂ. 75000થી પછડાઇ રૂ. 35000ની અંદર ઘૂસી ગઇ હતી. તેવો માહોલ ક્રીએટ થઇ રહ્યો છે. સોનામાં સ્પોટમાં રોકાણકારો કે સ્ટોકિસ્ટોની ઘરાકી સાવ ઓછી હોવાનું સ્થાનિક વેપારીઓ જણાવી રહ્યા છે.
BULLION: gold support $2034-1922, resistance $2055-2068, silver upport $25.74-25.55, resistance $26.20-26.35
Gold prices were flat while silver prices surged on Thursday, with both precious metals set for their biggest weekly gain in nearly two-months on hopes of a pause in the U.S. central bank’s interest rate hike cycle and receding banking woes that is expected to bolster the appeal of the safe-haven metal. Precious metals largely ignored the 25 bps rate hike by the ECB amid indications that the central bank is looking to pause its tightening cycle. We expect gold and silver to remain highly volatile in today’s session. Gold has support at $2034-1922 while resistance is at $2055-2068. Silver has support at $25.74-25.55, while resistance is at $26.20-26.35. In INR terms gold has support at Rs 61,180-60,820, while resistance is at Rs61,770, 61,950. Silver has support at Rs76,550-76,020, while resistance is at Rs77,850–78,350.
CRUDE OIL: has support Rs 5,570-5,490, resistance Rs5,770–5,850
Oil prices stabilised on Thursday after three days of heavy selling on concerns that slowing economic growth in major consuming countries will severely hit demand. However, oil is headed for a third straight weekly decline, the longest losing run this year, with both oil benchmarks having retreated about 10% this week. The European Central Bank earlier Thursday followed the Federal Reserve’s lead by hiking interest rates by 25 basis points, continuing its prolonged monetary policy tightening. We expect crude oil prices to remain volatile in today’s session. Crude oil has support at $67.58–66.80 and resistance at $69.80–70.60 in today’s session. In INR Crude oil has support at Rs 5,570-5,490, while resistance is at Rs5,770–5,850.
USDINR: support 81.70-81.55, resistance at 82.05-82.22
The USDINR 29 May futures contract traded in a tight range. As per the daily technical chart, we observed that the pair is trading below its trend-line support level of 81.85 but MACD is showing negative divergence. Looking at the technical set-up, RSI is fetching below 50 levels and the pair is facing a steep resistance at higher levels. Currently, the pair is having support around 81.70-81.55 while resistance is placed at 82.05-82.22. If the pair sustains below 81.85 it could show further weakness towards 81.55-81.20 levels.
(Rahul Kalantri, VP Commodities, Mehta Equities Ltd)
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ, ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
