Gold - May 19, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International gold prices remained steady near a four-month high on Wednesday early afternoon trade in Asia amid lack of fresh fundamental cues.

Downside remained capped helped by a weaker dollar, ahead of minutes from the U.S. Federal Reserve's last policy meeting.

Technically, LBMA Gold Spot resistances remain at $1875 and $1885. Supports remain at $1860 and $1850.

Domestic gold prices remained steady on Wednesday early afternoon trade, tracking overseas prices.

Technically, MCX Gold June resistances remain at 48500 and 48550. Supports remain at 48200 and 48015.

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Source : Equity Bulls

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