Gold Price Forecast Today: Gold gains ahead of the ECB meeting policy today where a 75bps rate hike is expected. Dollar index rally was overstretched and yesterday we saw some pullback in the safe haven currency and US 10 yr Treasury yield. This helped in all asset classes gaining some momentum on the upside including gold.
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Spot Gold Forecast: Bullion Looks to extend correction
Spot Gold Forecast: The US markets will be closed due to the Labor Day holiday on Monday and as such market action is likely to remain subdued. In the early trading hours of the Asian session on Tuesday, the Caixin Services PMI data from China will be watched closely by market participants. A reading below 50 could remind investors of the slowdown in the world’s second-biggest economy and hurt gold. On the other hand, an unexpected improvement in the data could help the market mood improve, providing relief for the precious metal.
MCX Gold Trend Forecast: Buy Zone 51550—51350 Levels [16-08-2022]
MCX Gold Trend Forecast and Target By Neal Bhai: Core inflation, which strips out volatile food and energy costs, accelerated 5.9% from a year ago, surprising slightly on the downside but maintaining the same pace as in June.
MCX Weekly Forecast: 25 To 29 July 2022 By Neal Bhai
Top 5 Commodities MCX Weekly Research Report, 25 to 29 July 2022 Weekly, Monthly MCX Real Time Research Reports Released by Neal Bhai Experts Research Teams, India.
MCX Weekly Research Report, 11 To 15 July 2022 By Neal Bhai
Top 5 Commodities MCX Weekly Research Report, 11 to 15 July 2022 Weekly, Monthly MCX Live Research Reports Released by Neal Bhai Experts Research Teams, India.
Gold Technical Forecast [11-07-2022]
Gold Technical Forecast: Following this week’s price action, the Relative Strength Index (RSI) indicator on the daily chart dropped into the oversold territory below 30. The last time the daily RSI fell below in August 2021, Gold staged a technical correction and a similar action could be expected in the short term.
MCX Weekly Research Report, 04 To 08 July 2022 By Neal Bhai
Top 5 Commodities MCX Weekly Research Report, 04 to 08 July 2022 Weekly, Monthly MCX Live Research Reports Released by Neal Bhai Experts Research Teams, India.