Gold prices had gained Rs 100 yesterday, snapping a two-day fall. Prices of gold of 99.9% and 99.5% purity remained unchanged at Rs 31,850 and Rs 31,700 per 10 gram, respectively. Sovereign gold too remained steady at Rs 24,800 per piece of 8 gram.
gold rate
MCX Silver Tips – Sell Karo Aur So Jaao Next TARget – 35510—34734 – Neal Bhai Reports
MCX Silver Tips – Sell Karo Aur So Jaao Next TARget – 35510—34734 – Neal Bhai Reports
December gold futures were last down $5.60 an ounce at $1,222.40. December Comex silver was last down $0.257 at $14.245 an ounce. silver prices are sharply lower in early U.S. trading Friday, pressured by a firmer U.S. dollar index on and sharply lower crude oil prices.
MCX Gold CMP 30900 MCX Silve CMP 36640 Sell 100—500 Lots and So Jaao – MCX King Neal Bhai
Technical Analysis
Gold prices tumbled down to support level which is seen as an upward sloping trend line that comes in near 1,198. A break of trend line support, or a close below this level would lead to a test of the September lows at 1,180. Prices pushed through support near the 50-day moving average at 1,209, which is now seen as short-term resistance. Additional resistance is seen near the 20-day moving average at 1,224. Momentum is negative as the MACD (moving average convergence divergence) histogram is printing in the red with a declining trajectory which points to lower prices. The fast stochastic has tumbled moving lower which reflects accelerating negative momentum. The current reading on the fast stochastic is 9, which is below the oversold trigger level of 20 and could foreshadow a correction.
Gold Silver Pani Pani I Told You Sell 100 – 500 Lots – Neal Bhai Reports
Gold Silver Pani Pani I Told You Sell 100 – 500 Lots – Neal Bhai Reports
Gold Prices Today Rise Near 6-Year High But Silver Declines
Gold Silver Reports (GSR) – Buoyed by a pick-up in festive season demand, gold prices today edged closer to six-year high. Gold rates today rose by Rs 70 to Rs 32,620 per 10 grams ahead of the old upcoming Dhanteras and Diwali festivals.