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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 75000. But prices are over bought, some correction expected.Long-term View (3-4months) – Positive – – – Gold is on its way to touch $2020 (Rs
60000) and Silver is on its way to touch $30 (Rs 80000) in 2023.SPOT PRICES
SPOT Gold Hourly Price Chart
SPOT Silver Hourly Price Chart
Important News and Triggers
Gold struggles below $1900 waiting for Powell speech
- International News: -– – – In the face of sluggish markets ahead of important data and events, gold’s week-start recovery from a one-month low falters. FED officials
in the US manage the recession’s concerns while defending the Federal Reserve’s hawkish stance. - Economic Data– – – Concerns between US-China have appeared to have led to the Gold from its recent support level, but gold buyers should exercise caution in light of
recent FED stance that might turn hawkish, amid strong US NFP data.
- International News: -– – – In the face of sluggish markets ahead of important data and events, gold’s week-start recovery from a one-month low falters. FED officials
