Gold Silver Reports (GSR) Gold prices dipped below the Rs32,000-mark, tumbling Rs405 to Rs31,965 per 10 gram at the bullion market Monday amid a weak trend overseas and slump in demand from local jewellers. Silver prices followed suit and cracked Rs41,000-mark by falling Rs370 to Rs40,830 per kg.
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Gold Prices Zoom on Donald Trump Decided to Terminate the Planned Summit in Singapore on June 12th
Gold prices maintained its upward trend for the second straight day on Thursday, climbing another Rs125 to Rs 32,125 per 10 gram at the bullion market amid positive global cues and increased buying by local jewellers.
Physical Gold Kiss Rs 32000 on Jewelers Demand
Gold Silver Reports (GSR) – Physical Gold Kiss Rs 32000 on Jewelers Demand — Traders said increased Physical buying by local jewellers to meet retailers’ demand at domestic spot market and a depreciating rupee against the dollar, making gold import costlier, supported the uptrend.
Gold CME Made Falling Wedge Pattern Hurdel 1297—1300 Above Market Can Test 1306, Where Can Take “R” Turn or Beear Phase; Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Gold CME Made Falling “Wedge Pattern” Hurdel 1297—1300 Above Market Can Test 1306, Where Can Take “R” Turn or Beear Phase, support Looks 1282 Cross or Close Below Daily Chart Big Bloodbath Coming Soon $1270——$1250——$1224
MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – Neal Bhai MFA Technical Analyst
Neal Bhai MFA Technical Analyst – MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. Federal Reserve Chair Jerome Powell’s top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months, as well as how the Fed should prepare for and combat the next economic downturn.
Gold Prices Maintain Uptrend on Jewellers’ Buying
Gold Silver Reports (GSR) — Gold Prices Maintain Uptrend on Jewellers’ Buying – Traders said that continued buying by local jewellers in the ongoing wedding season and a firm trend overseas mainly kept the precious metal’s prices elevated.
Commodities Weekly Research Report Forecast 07-05-18 To 11-05-18
Trend Up ⇒ Buy Gold MCX Between 30950 – 30850, Stop Loss (CBSL) – 30699 Target – 31280 ↔ 31680 ↔ 31840 (Any Panic Buy)
Trend Up ⇒ Buy Silver MCX Between 39100 – 38900, Stop Loss (CBSL) – 38333, Target – 40370 ↔ 40810 (Any Panic Buy)