સોનામાં સપોર્ટ Rs 59,680-59,510, રેઝિસ્ટન્સ Rs59,980- 60,210 ધ્યાનમાં રાખો
અમદાવાદ, 6 જૂન
સોમવારે સોના-ચાંદીમાં નેગેટિવમાંથી પોઝિટિવ ટ્રેન્ડ જોવા મળ્યો હતો. ક્રૂડમાં પણ સુધારાની ચાલ સાથે ટ્રેન્ડ મક્કમ જોવાયો છે. અમેરીકન ડોલર સામે રૂપિયો પણ સ્થિર થઇને સુધારાની ચાલ દર્શાવી રહ્યો છે. સોના માટે સ્થાનિક બજારમાં 60210 મહત્વની રેઝિસ્ટન્સ સપાટી પૂરવાર થઇ શકે તેવું ટેકનિકલી જણાય છે.
BULLION: Gold has support at $1948-1936 while resistance is at $1972-1980
The gold and silver prices rebounded from their morning losses and jumped into positive territory on Monday, as the precious metals witnessed renewed safe-haven demand after activity in the U.S. service sector fell more than expected in May. The ISM said its Services Purchasing Managers Index fell to 50.3% last month, down from April’s reading of 51.9% against expectations of 52.6%. After downbeat US ISM services PMI data the dollar index also witnessed profit taking and supported gold and silver prices. Gold prices also recovered after an uptick in crude oil prices and sell-off in Bitcoin. We expect gold and silver to remain volatile in today’s session. Gold has support at $1948-1936 while resistance is at $1972-1980. Silver has support at $23.38-23.20, while resistance is at $23.71-23.85. In INR terms gold has support at Rs 59,680-59,510, while resistance is at Rs59,980, 60,210. Silver has support at Rs71,380-70,820, while resistance is at Rs72,340–72,720.
CRUDE OIL: Crude oil has support at Rs 5,910-5,820, while resistance is at Rs6,080–6,160
Crude oil prices extended gains on Monday after the OPEC+ meeting outcome and Saudi Arabia’s plan to continue its output cuts until 2024. However, the downbeat U.S. ISM services PMI data capped gains. Uncertainty over the U.S. Fed rate hike and a stronger dollar could restrict gains of crude oil. We expect crude oil prices to remain volatile in today’s session. Crude oil has support at $72.10–71.30 and resistance at $73.60–74.50 in today’s session. In INR Crude oil has support at Rs 5,910-5,820, while resistance is at Rs6,080–6,160.
USD-INR: support at 82.45-82.22 while resistance is placed at 82.88- 83.05
The USDINR 27 June futures contract witnessed high volatility and recovered from their lows on Monday. As per the daily technical chart, we observed that the pair is trading above its trend-line support level of 82.60 and RSI is fetching above 50 levels. Looking at the technical set-up, MACD is showing negative divergence and the pair has crossed 82.60 levels. The pair is having support at 82.45-82.22 while resistance is placed at 82.88- 83.05. While the pair recovered from its lows and crossed 82.60 levels once again, it could consolidate in the range of 82.00-83.30.
(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.)
