Gold Silver Pani Pani I Told You Sell 100 – 500 Lots – Neal Bhai Reports
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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)
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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.
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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.”
ZINC LME 1st Target Hit 2520 Low 2519, I Told You Sell and Sleep- Neal Bhai Reports
ZINC LME 1st Target Hit 2520 Low 2519, I Told You Sell and Sleep- Neal Bhai Reports
ZINC LME TIPS AND FORECAST : ZINC LME Tips and Forecast – Below 2566 Down Side Target 2520—2460 – 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.
MCX Copper Jackpot Calls, 30-Oct-2018 – Neal Bhai Reports
MCX Copper Jackpot Calls, 30-Oct-2018 – Neal Bhai Reports
Spot Gold Weekly Technical Outlook – 29-Oct-2018
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 Prices Slip Further But Still Near 6-Year High
New Delhi: Falling for the second straight day, gold prices on Saturday edged lower by Rs 40 to Rs 32,550 per 10 grams at the bullion market amid tepid demand from local jewellers and a weak trend overseas. But gold prices still remained near six-year high levels.