Gold MCX Ultimate Target ₹ 30580—30930—31330,
Need Patience
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
“No Magic, No Miracle, Just Power of Level”
Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Mobile No. 9582247600 & 9899900589
Gold had a very disappointing summer, losing 65% of the 2015-2016 gains, the report said. But, the good news is that a clear price bottom has formed just below the $1,200 an ounce level.
Gold Silver Tips Rocking : MCX Gold Silver Big Target Update For Traders – Neal Bhai Reports
“Up until recently, the downtrend had been relentless since April’s high at $1,365.25/oz failed to overcome the January high at $1,366.15/oz, which formed a double top. Interest in Gold in most areas of demand has been weak … despite numerous escalations in the geopolitical arena, including U.S. trade disputes, some jittery emerging markets and the prospects of deeper U.S. sanctions against Iran, all of which could trigger financial crises,” analysts wrote.
The main driver keeping gold prices down has been the rising U.S. dollar, which received strong support from higher U.S. interest rates and U.S. President Donald Trump’s ‘America First’ policy. – Neal Bhai Reports
