Gold Silver Reports – Gold trades lower as sentiment in equity markets continues to improve. A stronger INR too weighs on domestic prices. Investment demand meanwhile continues to support prices with SPDR holdings at highest since September 2014.
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My name is Neal Bhai. I’m a Technical Analyst based in Delhi. I spend a lot of time to market analysis for traders and try to understand global market. We provide you with the latest breaking news, Share Market Tips and Commodity Tips.
MCX Gold And Silver Ultimate Target Hit By Neal Bhai
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Aluminium MCX Upper Resistance Levels 104.60 – 105.60
Gold Silver Reports ~ Aluminium settled up 0.38% at 104.45 as a weaker dollar sparked investor demand for the industrial metal and drove bearish traders out of the market.
Financial speculators in metal such as hedge funds have been strongly bearish on the market since early November, amid signs of weakening economic growth around the world. Some of the market’s gains in recent days likely have been fueled by traders closing out short positions that profit from falling prices as the market has rallied against them.
Lead MCX Hard Resistance Levels at 124.50 – 124.90
Gold Silver Reports ~ Lead MCX tumbled sharply in the beginning of January. However, it posted a positive daily close after seven consecutive negative sessions and entered a pull-back mode.