Positional Gold Spot Target : Above $1900 Target $2035—$2130—$2182 Gold prices climbed to their highest level in nearly two weeks on Monday, as the dollar weakened and the U.S. Federal Reserve’s new policy framework suggested that interest rates would remain low for some time.
gold price chart
Gold Rebounds on Weak Dollar With Investors Weighing Fed Policy
Gold climbed, recovering from Thursday’s drop, as the dollar sank with investors weighing the impact of the Federal Reserve’s new approach to setting U.S. monetary policy.
Gold Below $1960 Down Trend Target $1862—$1834 – Neal Bhai
Gold Below $1960 Down Trend Target $1862—$1834, Gold rebounded Wednesday, extending a series of wild swings that saw the metal hit a record on Friday before plunging to below $1,900 an ounce.
Silver MCX Bole Boom Boom, Watch High 75751, Rona Mana Hai Trade With Neal Bhai
Silver MCX Bole Boom Boom, Watch High 75751, Rona Mana Hai Trade With Neal Bhai, — Rising cases of COVID-19 across the world especially in the US has lead analysts to believe that another round of stimulus could be in the offing. The world’s largest economy has already announced a $3 trillion stimulus package, but the Democrats have asked for an addition $400 billion in fiscal measures. The two sides have been negotiating for a week now.
GOLD EXTENDS BULL TREND TO 1900
Overbought markets can be complicated things: While the backdrop is less assuring for continuation, there’s usually a reason for why the market became overbought in the first place. And, those reasons can certainly continue… and continue and continue, just as we’ve seen in Gold.