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Gold and Silver – Kya Lagta Hai Short-term View (up to 1 week) – Rangebound–Gold is again trading in same range 50200 to 51200 and silver range is 59000 to…

Financial markets were in risk-off mode on Tuesday as lingering growth and inflation concerns came back under the spotlight. Gold prices continue its recovery as Dollar Index surrenders the almost 3% gains after hitting a 19-year high of 105.00 on May 13 and now trading below 102.

Gold prices touched a more than one-week high on Monday, as an easing dollar supported greenback-priced bullion, although rising U.S. Treasury yields capped gains.

After breaking ascending triangle, Gold could now accelerate the momentum and aim back to reclaim the key $2000 psychological mark in short-term and $2500 by the end of 2022.

As we have been promoting, Gold prices are expected to be bullish this year due to Stagflation, even Goldman Sachs bank has come with a report stating Gold to touch $2500 this year, due to same reason.

Gold and Silver – Kya Lagta Hai Short-term View (up to 1 week) – Sideways – Gold is finally trying to break its range of 50300 to 51800 while silver…

In regards to the war, it seems highly unlikely that a peaceful resolution will be forthcoming any time soon. Rather concerns have emerged over the excessive military action and targeting of civilians in Ukraine. The war in Ukraine has also affected levels of global inflation, taking them higher.

Gold is expected to trade in range of 50300 to 51800 while silver prices are trading in descending triangle formation with support at 65000 and resistance at 66000.

Two factors are driving demand for physical precious metals: Inflation and Russia’s war with Ukraine.

  Gold and Silver – Kya Lagta Hai Short-term View (up to 1 week) –Sideways to Positive-Gold is expected to trade in range of 50300 to 51800 while Silver is…