5:57 PM
Nifty Tips
Gold and Silver prices are technically overbought from last one month with RSI above 75. So prices are likely to retrace in October to sustain the rally and then we could see bottom fishing leading to new highs again. Gold is expected to trade around USD 1,350 in next 1 month and USD 1,400 in next quarter and minor correction of 3-5%. Silver is also expected to outperform Gold with prices likely to trade above USD 24 in next quarter, with some retracement. Gold prices have immediate support of USD 1,275 while silver has support of USD 21.
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