Gold Silver Reports — Technically Silver market is getting support at 40287 and below same could see a test of 39980 level, And resistance is now likely to be seen at 41072, a move above could see prices testing 41640.
Analysis
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Gold Spot Weekly Forecast Report March 6-10
Gold Silver Reports ⭐⭐⭐⭐⭐ — Gold prices declined in last week’s trading as the US dollar index (DXY), which measures the greenback’s strength against a basket of six major currencies, rallied. Gold prices fell to a low for the week on Friday, at $1,223 an ounce, the lowest level traded since February 15. At week’s end, however, the contract for April settlement on the COMEX division of the New York Mercantile Exchange ended well off the low of the day at $1,235/ounce. This represented a loss of 1.8% for the week overall.
Gold Analysis Reports By Neal Bhai
Gold Analysis Reports By Neal Bhai — Gold price didn’t show any strong move since morning, to keep fluctuating near 1285.00 level, noticing that stochastic gets rid of its negativity clearly and reaches the oversold levels thresholds, to provide positive motive that we wait to support the chances for bouncing higher in the upcoming period.
Gold Up on Short Covering
Gold Silver Reports — Gold on MCX settled up 0.83% at 29262 as the dollar gave back some of its recent gains, but caution ahead of the Federal Reserve policy meeting later this week curbed its advance.