Gold Silver Reports (GSR) – The USD picture is clear as mud at the moment – with recent commodity dollar breakouts versus the greenback not seeing further progression today and USD/EM trade consolidating after their recent big run lower.
TECHNICAL ANALYSIS REPORT
Spot Gold $1,300 Resistance level for Gold is Looking Very Vulnerable
“The equities are looking a little heavy up at these levels and yesterday’s speech by Fed Chairman Powell felt like Fed might adopt a dovish stance on rates moving forward, which is lending a lot of support to gold,” Haberkorn added.
MCX Gold Resistance Level 31833, Sell On Rise – Neal Bhai
Gold Silver Reports (GSR ) – Gold Prices remain positive as the ongoing US government shutdown drags on risk appetite, and the uncertainty surrounding fiscal Policy may ultimately push the FOMC to endorse a wait-and-see approach at the next interest rate decision on January 30.
MCX Gold Below 31700 Level Big Down Side Expected – Sell on Rise – Neal Bhai
MCX Gold Below 31700 Level Big Down Side Expected – Sell on Rise – Neal Bhai
Some analysts are bullish on gold for 2019, given weakening US dollar outlook and expectations of slower pace of rate hikes from Fed. “Weakening US dollar outlook and very dovish pivots from the Fed, a lot of uncertainty boxed around equity markets.
Breaking News – Saudi Arabia to cut output by 900,000 Barrels a day in January – Neal Bhai Market Analyst
Gold Silver Reports (GSR) – Futures rose above $52 a barrel in New York. The industry-funded American Petroleum Institute was said to report U.S. crude supplies fell 10.2 million barrels last week, according to people familiar with the data. Earlier, oil settled higher on renewed optimism that announced production cuts from the OPEC+ coalition will re-balance global markets, while Libya’s biggest field remained shut, taking supply off line.
Natural Gas $5.00 Level Should be Massive Resistance – Neal Bhai Reports
I believe that rallies are still to be sold, as the $5.00 level should be massive resistance. If we can break above there, then I think the market would take off to the upside very violently, but I think it’s very unlikely to happen.
MCX Zinc Price Below 186 Target 176—163 – Neal Bhai Reports
Gold Silver Reports (GSR) – MCX Zinc settled down 3.06% at 181.95 as pressure continues on an expected surge in refined zinc output after a clutch of new mine openings has been derailed by bottlenecks at smelters across Asia, putting the brakes on an eye-watering price fall.
MCX Gold Traders Red Alert – Don’t Trap in Buy Side Next Possible Target 28076 Very Very Soon – Neal Bhai
MCX Gold Traders Red Alert – Don’t Trap in Buy Side Next Possible Target 28076 Very Very Soon – Neal Bhai Reports – MCX Guru – Gold Silver King.
WTI Crude Tips Above $62 Target $67—$72 – Neal Bhai Reports
WTI Crude CMP $64.90
MCX Crude Oil Trading Zone 4847-5010 levels
Crude Oil dropped amid cautious sentiment as a plunge in financial markets and dollar strength underscored concerns that growth may be slowing.