-
Gold and Silver – Kya Lagta Hai
Short-term View (up to 1 week) – Profit-booking– Next target for Gold and Silver is Rs 60000 and Rs 70000. But prices are over bought, some correction expected.
Long-term View (3-4months) – Positive – – Gold has made Inverse Head and Shoulder pattern on daily charts. Neckline resistance is $1820. If prices sustain above it, target would be $2020.
SPOT PRICES
SPOT Gold Hourly Price Chart
SPOT Silver Hourly Price Chart
Important News and Triggers
All eyes on Indian Union Budget and FED meeting
- International News: Bullion prices bounced sharply higher after falling following the release of US labor costs data for the fourth quarter. Today’s the Fed is widely expected to raise interest rates by a relatively modest 25 basis points. However, given that recent data has painted a somewhat mixed picture of the US economy, the central bank’s stance on future rate hikes will be closely watched
- Indian News– – Gold has made Inverse Head and Shoulder pattern on daily charts. Neckline resistance is $1820. If prices sustain above it, target would be $2020.
Category: Daily Report
7 Comments. Leave new
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://accounts.binance.com/ro/register-person?ref=V3MG69RO
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://accounts.binance.com/pt-BR/register-person?ref=GJY4VW8W
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.info/register-person?ref=JW3W4Y3A