GOLD TECHNICAL ANALYSIS : Gold Support Zone $1840—$1838, Below Target $1810 ——$1780 – Neal Bhai Reports

GOLD TECHNICAL ANALYSIS

GOLD TECHNICAL ANALYSIS : Gold prices are under down trend now-familiar range support in the 1840-$1838 Level. Breaking below this barrier on a daily closing basis looks likely to open the door for target $1810/oz figure to challenge former resistance in the $1780 zone. Alternatively, an upswing past the $1910 inflection region probably targets the swing top @ $1958.

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Gold CMP 50011 Silver CMP 61611 Aur Sell Karo 500—1000 Lots loot low MCX Ko – Neal Bhai MCX King

Gold Prices

Gold price CMP 50011 Silver CMP 61611 Aur Sell Karo 500—1000 Lots loot low MCX Ko – Neal Bhai MCX King

Investors don’t really have a handle on what gold price is or what it represents. Many erroneously believe gold is some sort of inflation hedge, because of our experience in the 1970s. It’s also not a hedge against stock market crashes, as we discovered in March.

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TRADERS STILL CONFIDENT CORONAVIRUS VACCINES WILL LIFT THE MARKETS

Traders remain positive in the wake of the news of two coronavirus vaccines that could eventually bring the pandemic under control and lift the global economy out of its slump. While more profit-taking is likely short-term after the gains for stock markets in particular over the past nine days, it is unlikely to last long.

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