Gold - May 22, 2020 - Angel Broking

Mr. Anuj Gupta (DVP-Commodities & Currencies Research, Angel Broking):

"Today gold prices have increased sharply almost 1.30% to Rs. 47000 levels again. In international market gold has also increased by 0.80% to 1736 $ per ounce. Rising tension between US and China as China plans controversial national security laws in Hong Kong support the gold prices. Although the increased jobless claims in US and dovish data also is supportive for the Gold. For intraday perspective traders can buy gold around Rs 46800 to 46900 levels, with the stop loss of 46650, and for the target of 47300 to 47400 levels. We are expecting that gold may test $1760 to 1780 soon in international market."

Source : Equity Bulls

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