Technical Outlook – Technical Outlook: In our last Gold Weekly Technical Outlook, we continued to highlight a critical resistance confluence at $1238/1243, “a region defined by the 38.2% retracement of the yearly range, the 100% extension of the advance off the August low, the December swing low and the long 200-week moving average.” Price is testing this zone now and a weekly close above is needed to keep the immediate long-bias viable.
Gold Price Forecast
Gold Prices Slip Today, Silver Rates slump – Gold Silver Reports
Gold prices today edged lower, tracking a weak overseas trend and subdued demand from local jewellers. But silver prices recorded a sharp fall amid reduced offtake by industrial units and coin makers. Gold prices fell by Rs 30 to Rs 31,870 per 10 gram while silver rates slumped by Rs 500 to Rs 39,300 per kg, according to a report from Press Trust of India. Sovereign gold, however, remained flat at Rs 24,600 per piece of 8 gram.
Gold Price Forecast For 2018 – Neal Bhai Reports – Gold Silver Reports
Gold Price Prediction 2018 Month Open Low-High Close Mo,% Total,% 2018 Aug 1252 1190-1262 1224 -8.0% -8.0% Sep 1152 1203-1255 1255 -5.7% -13.3% Oct 1086 1172-1213 …