The gold (yellow metal) has clearly broken the resistance of the channel down pattern. It occurred in a sharp four hour jump, which also passed the resistance of the 55, 100 and 200-hour simple moving averages. Eventually, the metal’s price was stopped by the 1,765.00 level’s resistance.
Spot Gold Price Regained For Target $1765—$1778 | Neal Bhai
Gold price has regained poise and looks to take on the key resistance & target at $1765—$1,778, which is the convergence of the previous day’s high and Fibonacci 38.2% one-month.
Copper MCX Tips Today 704.40 to 708.65 Boom Boom | Neal Bhai
Copper MCX Tips Today: Copper yesterday settled down by 1.82% at 697.8 amid concerns over demand due to Chinese power restrictions, put in place to keep emissions in check.
Silver MCX Today All Target Hit 59650 to 60448 | Neal Bhai Reports
Silver MCX Today: Silver yesterday settled up by 2.11% at 59617 as the number of Americans filing new claims for jobless benefits rose further last week amid another increase in California, but the labor market recovery remains intact, with unemployment rolls steadily shrinking in mid-September.
Why JSW Energy Is Upbeat About India’s Power Sector
Even as energy shortage grips the world, India’s power sector is emerging from a decade of stress because of the push to renewables, according to Prashant Jain of JSW Energy Ltd.