GOLD JUMPS FROM SUPPORT – BUT ARE BULLS READY TO DRIVE THE TREND?

Gold Support : When a market like Gold puts in a move like it did earlier this summer – people have a tendency to remember. And not just remember, there may also be a general tendency to expect that to continue in a similar manner as it had in the past. It’s unfortunate for market participants but that’s simply not the case: Things change, sometimes very quickly, and this can lead many to chasing their tails by trying to trade yesterday’s trends.

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Silver Spot Support Zone $28 — $ 27.48 – Neal Bhai Reports

Silver Spot

Silver Spot Support Zone $28 — $ 27.48, Target Price $29 — 29.80, September silver futures prices on MCX rose 0.4% to ₹69,135 per kg. In the previous session gold had surged ₹500 per 10 gram while silver had gained about ₹1,000 per kg. Gold prices in India had hit a record high of ₹56,200 on August 7 and since then prices have been volatile in tandem with movement in global rates.

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