Gold Silver Reports (GSR) – Gold prices could rise above $1,300 next week , The safe haven yellow metal found takers at the 100-week moving average (MA) of $1,277 on Monday as Trump’s re-escalation of the trade war with China sent risk assets sharply lower on the fist trading day of the week.
Technical Analysis
Gold Prices had Earlier Breached its 100-Day Moving Average
Gold Silver Reports (GSR) – Gold prices slipped today, but was trading above the 10-week low touched in the previous session, as the dollar rose against the yen on signs of progress in the US-China trade dispute and strong US economic data. Investors are now awaiting the US jobs numbers for more signals on the strength of the economy.
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 Crude Oil Tips – Buy on Dips Strong Support @4013 – Neal Bhai Reports
Crude Oil on MCX settled up 0.12% at 4109 supported by expected supply cuts from OPEC but held back by record U.S. production.
Nikkei 225 Technical Analysis: Can Impressive Gains Stick? – Gold Silver Reports
Gold Silver Reports (GSR) – The simple moving averages at 20-, 50- and 100 days remain in chronological order, but they are all now some way below the market.