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MCX Gold Buy 500—1000 Lots Stop Loss $1549 – Baaki Ram Jaane – Neal Bhai
U.S. President Donald Trump said on Wednesday no Americans were harmed in the Iranian missile attacks on military bases housing U.S. troops in Iraq, and urged world powers to forge a new nuclear deal with Tehran.
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Markets are now rushing to risk-safety but will also keep eyes on the US President Trump for further direction, Gold extends its northward trajectory to the levels last seen in April 2013.
In global markets, gold prices today surged 1.5% to $1,579.55 per ounce, the highest level in about six years. The gains extended Friday’s surge after a US air strike in Iraq killed top Iranian commander Qassem Soleimani. The killing has heightened concerns of a widening Middle East conflict.
MCX Live Commodities Weekly Technical Live Research Report 06 — 10 January 2020 By Neal Bhai Reports (NBR) India, New Delhi
MCX Gold Watch High 40143, Only Above Next Target 40530—40770
A turn from confluence uptrend resistance around $1525 — $1530 in September has the focus on the correction into the open of 2020 with the threat remaining for a larger decline towards upslope support.