After months of speeches, polls, debates, and suspense, election day is finally here. Yesterday, Americans went to the polls to pick between former President Donald Trump and current Vice President Kamala Harris. Both sides will spend like money grows on trees, which is a tailwind for precious metals.
What are the best levels to buy Gold and Silver now?
What are the best levels to buy Gold and Silver now?
How will US Elections impact Gold and Silver prices in next month?
How will US Elections impact Gold and Silver prices in next month?
What are the targets for Gold and Silver till next Diwali?
What are the targets for Gold and Silver till next Diwali?
Why has Gold and Silver risen over 30% from last Diwali?
Why has Gold and Silver risen over 30% from last Diwali?
Strategy for buying Gold and Silver on Dhanteras/Diwali 2024
Gold and Silver have been the best-performing asset class in 2024, touching record high levels of $2772 (~Rs 78900) and $35 (~Rs 100,000) mark respectively this month.
Will Gold touch $2800 (~Rs 80000) before this Diwali?
Gold has been trading in the up-trend channel for the last year since $1850 (~Rs 56000). Immediate resistance in this channel is around $2800 (~Rs 80000), and support is around $2550 (~Rs 74000). The bullish view is intact as long as gold prices are in this up-trend channel.
Gold retreats, but is still in a bullish trajectory
Gold prices have corrected from record highs, but they are still bullish until the support of $2717(~Rs 77600) and $2700(~Rs 77000) is not broken.
Precious Metals retreat on profit booking
In the face of overbought conditions on the daily chart, a rise in US Treasury bond yields and a stronger US dollar caused profit-making around the precious metals pack.