Vital resistance for gold exists at Rs. 47350; price has to close above this to reverse the bearish bias. The current reading on the RSI is 38, supporting the bears. So for the day, the price is expected to trade in the range of Rs. 46400-47050 with a sideways bias.
from Commodities-Markets-Economic Times
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Thursday 1 July 2021
Commodity strategies: Gold, silver, crude, base metals
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