Trend Sideways ⇒ Sell Gold MCX Between 30980 – 30120, Stop Loss (CBSL) – 30333 Target – 29610 ↔ 29410 ↔ 29260
Trend Sideways ⇒ Sell Silver MCX Between 38550 – 38750, Stop Loss (CBSL) – 39222, Target – 37860 ↔ 37420
Trend Sideways ⇒ Sell Gold MCX Between 30980 – 30120, Stop Loss (CBSL) – 30333 Target – 29610 ↔ 29410 ↔ 29260
Trend Sideways ⇒ Sell Silver MCX Between 38550 – 38750, Stop Loss (CBSL) – 39222, Target – 37860 ↔ 37420
Real Time MCX Weekly Research Report 30-07-18 To 03-08-18 By Neal Bhai Get our expert opinion on short term outlook on commodities based on technical analysis. Weekly commodity insights and forecast.
On trigger for the decline in gold price today, Anuj Gupta, Head — Commodity & Currency at HDFC Securities said, “Last week, we saw a strong upside in gold price after the ease in US inflation, which triggered US Fed rate cut buzz in upcoming US Fed meeting.
Gold stays in a consolidation phase after setting a fresh two-week high near $3,390. The escalating feud between US President Trump and Fed Governor Cook causes markets to adopt a cautious stance and doesn’t allow the US Dollar to gather strength.
Silver Price Today Hits Record – The white metal’s price increase is driven by optimism over a potential Federal Reserve interest-rate cut in December, strong inflows into bullion-backed exchange-traded funds, and ongoing supply constraints, as per a Bloomberg report.