Gold Silver Reports (GSR) – New York Fed President John Williams said the Federal Reserve “will be likely raising interest rates somewhat.” The recent winning streak began when Fed Chairman Jerome Powell warned last Wednesday of slowing demand abroad, fading fiscal stimulus at home and the lagged economic impact of the Fed’s past rate increases, suggesting that a pause in tightening may well come in 2019.
LIVE Gold Silver Reports
LIVE Gold Silver Reports
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.
Diwali Gold Silver Tips 08 November 2018 By Neal Bhai (Gold Silver Target 2000 Points)
Diwali Gold Silver Tips 08 November 2018 By Neal Bhai (Gold Silver Target 2000 Points)
Neal Bhai Reports – 9899900589 & 9582247600
In global markets, gold prices however advanced as US mid-term elections delivered a split Congress and pressured the dollar. Market participants will now keep a close eye on a two-day Fed meeting starting later in the day for clues on future interest rate hikes. Spot gold was up 0.5% to $1,232.86 per ounce at 1203 GMT, while US gold futures climbed 0.7% to $1,234.30 an ounce.
The dollar index, which measures the price of greenback against a basket of other currencies, fell more than half a percent, making bullion more attractive for holders of other currencies
Democrats won control of the US House of Representatives, giving them the opportunity to block President Donald Trump’s push for a further round of tax cuts and deregulation – measures that have turbo-charged the US economy, stock markets and the dollar, and have kept the Fed on a policy-tightening path.
“This will presumably put paid to any further tax cuts, which means in the longer term that the Fed will need to implement fewer rate hikes, which per se will have a negative impact on the U.S. dollar,” Commerzbank analysts said in a note.
“President Trump may instead focus more on foreign policy, which is likely to generate additional uncertainty. Gold would profit long-term from both factors.”
MCX Gold Silver Under Selling Zone Sell On Rise Buy Karna Mana Hai – Neal Bhai Reports
MCX Gold Silver Under Selling Zone Sell On Rise Buy Karna Mana Hai – Neal Bhai Reports
Federal data showed new applications for U.S. unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labour market conditions tightened further.
MCX Gold Silver Honeymoon Period Over or Not ?? Fed Meeting ON – Neal Bhai Reports
MCX Gold Silver Honeymoon Period Over or Not ?? Fed Meeting ON – Neal Bhai Reports “No Magic, No Miracle, Just Power of Level”Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical TeamMobile No. 9582247600 & 9899900589
Gold Prices Surge Today, Silver Rates Also Rise: FOMC In Focus
The two-day FOMC meeting begins Tuesday morning and ends Wednesday afternoon with a statement. The FOMC is expected to slightly raise U.S. interest rates at this meeting. Fed Chairman Jerome Powell will also hold a press conference after the meeting. As usual, the marketplace will parse the Fed’s wording for clues on the pace of future Fed rate hikes and the Fed’s inflation expectations.
MCX Silver Alert : Watch High 37985, Told You Above 37833 one Side Really Side Really For 38200—38800 – Neal Bhai
MCX Silver Alert : Watch High 37985, Told You Above 37833 one Side Really Side Really For 38200—38800 – U.S. private sector business activity had slowed to a 17-month low in September, investors looked ahead to the next Fed?policy decision?to be announced on Sept. 26.
Gold Silver Blast Kya Bola Tha Sab Dikhawa Hai, Seller Trap Game — Watch Power of CFA’s Technical Analyst – Neal Bhai
Gold Silver Blast Kya Bola Tha Sab Dikhawa Hai, Seller Trap Game — Watch Power of CFA’s Technical Analyst – Neal Bhai Watch Gold Silver Reports : – Gold MCX if Close Above 30765 We Fresh Really in Gold Target 30810— 30930 — 31070 – Neal Bhai Reports Watch Gold Silver …
MCX Silver Alert – Silver Ready for Thunder Bast, Silver Tips Yaad Hai Na, We See One Side Really For 38200—38800 –Need Patience – Neal Bhai Reports
MCX Silver Alert – Silver Ready for Thunder Bast, Silver Tips Yaad Hai Na, We See One Side Really For 38200—38800 –Need Patience – Neal Bhai Reports
Gold Extended its Gains for The 2nd Week – Gold Silver Reports
Gold Silver Reports (GSR) — To recapture the Rs 30,000-mark, on persistent buying by local jewellers amid festive buzz, despite bearish overseas.