Gold Rate Today, Gold Price in India on 26 August 2021: Gold prices in India were trading flat on Thursday following global rates as investors turned cautious ahead of US Fed Reserve Chair Jerome Powell’s speech.
Analysis
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MCX Gold Silver Full Target Hit, All Paid Member’s Enjoy
MCX Gold Silver Full Target Hit, All Paid Member’s Enjoy. The gold pair fluctuated in a relatively tight range last week and struggled to make a decisive move in either direction.
Silver Price Should Bounce Very Soon | Gold Silver Reports
Silver price has retested a historical support and is ready to follow up a long trade. We can see a daily confirmation of buyers in the POC zone. If the market makes a bounce in the zone we could see a retest of M L3 and M H3 levels. M L3 is 24.83 and 26.09 could be the target. For bulls to win this swing the price needs to stay above 23.00.
Gold Awaits Fed Minutes, $1800 Testing Bullish Commitments
“The Fed minutes will throw fresh light on the US central bank’s tapering plans. Escalating covid concerns continue to remain an upside risk for gold price, as they bring along a lot of uncertainty on the prospects of global economic recovery.”
Silver Market Longer-Term Bullish Bias Maintained | Neal Bhai
Silver Market Longer-Term Bullish: “Silver saw complete rejection from the 200-day ma and sold off aggressively towards the long-term pivotal support at $21.87/17. It is considered to be a major band of support. Given that the market has spiked down to this area and recovered we will for now maintain our longer-term bullish bias.”
Gold Prices Blast or Not: Generates RSI Buy Signal
The gold prices appears to be unfazed by the stickiness in the US Consumer Price Index (CPI) as the headline reading holds steady at 5.4% for the second month, and it seems as though bullion will move to the beat of its own drum ahead of the Kansas City Fed Economic Symposium scheduled for August 26 – 28 as it reverses course ahead of the March low ($1677).
GOLD SPOT BUY TARGET $1830——$1920 (Positional Call)
Spot Gold retargets $1,700 on renewed USD strength: After moving sideways near $1,730 during the first half of the day on Tuesday, the gold pair came under bearish pressure and was last seen losing 0.6% on the day at $1,717.