MCX silver gold price target: Yellow Metal prices were steady yesterday and prompted buying interest as the US dollar went on backfoot because of the disappointing US Q3 GDP report. Although weaker GDP data was somewhat offset by the weekly U.S. jobless claims report that showed a decline.
Support
Dax Index Below 10940 Level Sell on Rise Only – Sell and Sleep – Neal Bhai (CFA)
Dax Index Below 10940 Level Sell on Rise Only – Sell and Sleep – Neal Bhai (CFA) Technical Power of CFA’s(CHARTRED FINANCE ANALYST)“No Magic, No Miracle, Just Power of Level”Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical TeamMobile No. 9582247600 & 9899900589
Gold Higher, Yen Outperforms as Risk Appetite Struggles
Yesterday’s broad dollar strength played out to drag on gold, but the recent mini range that has formed above the old $1217 pivot and below $1233 continues to play out. Within this range the market moves are simply noise, with the last six closes all being within $5 of each other.