Physical gold price dealers in India charged a premium over official domestic prices for the second week in a row as jewellers stocked up ahead of the festive season.
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Gold prices had coiled into a falling wedge pattern but a failed break has muddied the outlook (2020)
Gold prices looked primed for a topside break out last week as it coiled into a falling wedge formation. The pattern was marked by a descending trendline to the topside, derived from the August high, and a trendline on the lower end around the $1,850 mark.
Gold Spot Above $1870, Short Term Up Side Target $1907—$1918 – Neal Bhai
Gold Spot Above $1870, Short Term Up Side Target $1907—$1918 – Neal Bhai
Gold MCX Tips Today – Gold 50300 To 50719 = 400 Points Up – Paid Members Enjoy
Gold MCX Tips Today – MCX Gold 50300 To 50719 = 400 Points Up – Paid Members Enjoy
Gold prices rose by Rs 85 to Rs 50,498 per 10 gram in the Mumbai retail market on rupee depreciation and tepid global cues on October 5.
Gold prices climbs to near 1-week high on dollar slide, stimulus optimism
Gold prices rose to its highest in nearly a week on Tuesday as the dollar weakened and hopes rose for additional fiscal stimulus for the American economy, ahead of the first U.S. presidential debate.