Gold Silver Reports – MCX Gold Expected Trading Zone Between 29510—29860, Sell on Rise — Technically Gold market is getting support at 29510 and below same could see a test of 29330 levels and resistance is now likely to be seen at 29720, a move above could see prices testing 29860.
Analysis
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Natural Gas MCX Under Selling, Support Level 162
Gold Silver Reports – Technically Natural Gas market is under fresh selling as market has witnessed gain in open interest by 4.74% to settled at 24092 while prices down 5.6 rupees.
Natural Gas MCX Short Covering, Support Zone Level 171—168
Gold Silver Reports – Technically Natural Gas MCX market is under short covering as market has witnessed drop in open interest by 7.92% to settled at 19436 while prices up 1.2 rupees.
Gold Price Forecast for the Week of November 6, 2017
Gold Silver Reports – Gold markets tried to rally during the week but found enough resistance above the $1275 level to roll things over and form a bit of a shooting star.
Zinc MCX Upside Resistance Key 217—220
Gold Silver Reports – Technically Zinc MCX market is under long liquidation as market has witnessed drop in open interest by 7% to settle at 9453.
Silver MCX Under Fresh Selling, Support ey 39560
Gold Silver Reports – Technically Silver mcx market is under fresh selling as market has witnessed gain in open interest by 3.61% to settled at 14190 while prices down 125 rupees.
Gold Testing Critical Breakout Level
Gold Silver Reports — Gold Testing Critical Breakout Level — Below looks at the gold/US dollar ratio over the past 8-years. The ratio is testing a level that has been critical to gold bulls for the past few years and we suspect it will be critical for it again at this level.