Silver prices yesterday closed up by 0.29% at 69543 supported by weaker dollar and a dovish testimony from Federal Reserve Chair Jerome Powell.
Gold Prices Needs to Break $1827 for Next upside Level, US President Joe Biden’s stimulus package heads towards House vote, Gold’s comeback from multi-month lows gathers momentum into the 3rd straight session this Tuesday 23, 2021. Gold is building on Monday’s 1.5% surge, as rising worldwide inflation expectations bode well for the inflation-hedge.
Gold Silver MCX Tips Today Rocking Bullion Rocket. Gold technical Forecast : On chart, the Relative Strength Index (RSI) indicator is edging higher toward 60, suggesting that gold has more room on the upside before becoming technically overbought.
GOLD Spot Weekly Outlook (February 22 – 26, 2021). Improve your technical analysis of live gold prices with the real-time gold (XAU/USD) chart, and read our latest expert analysis and gold price forecast.
Gold Spot support and hurdle : The Technical Confluences Indicator shows that gold has managed to recover ground above the powerful resistance now support at $1781, which is the intersection of the Fibonacci 38.2% one-day, SMA5 four-hour and pivot point one-week S2.
Silver MCX Tips Today : Silver mcx yesterday settled down by 1.08% at 69372 as demand for the safe haven asset dropped following a jump in U.S. Treasury yields.