Gold Silver Reports – ⭐⭐⭐⭐⭐ Gold MCX Below 29955 Fresh Selling Support Key at 29520 — Technically Gold market is under fresh buying as market has witnessed gain in open interest by 1.32% to settled at 5973.
Where I’m Buying Gold This Week
Gold Silver Reports – ⭐⭐⭐⭐⭐ Where I’m Buying Gold This Week – Gold continues to move higher and we have been looking to buy it over the last couple of weeks following its resurgence up from recent lows near 1240.00. Last week in our members commentary, we discussed the inside bar pattern that formed on Thursday, indicating that price could continue higher if it breaks out from that pattern.
Comex Gold Forecast Report for January 16, 2018
Gold Silver Reports – ⭐⭐⭐⭐ Comex Gold Forecast Report for January 16, 2018 – Gold prices moved higher on Monday but with the U.S. closed for the MLK Holiday, volume was light. The weakness in the dollar has buoyed gold prices as gold is quoted in dollars and a weaker dollar makes gold more attractive in other currencies.
Metals Power Higher as Sickly Dollar Spurs Copper-to-Gold Rally
Gold Silver Reports – ⭐⭐⭐⭐⭐ Metals Power Higher as Sickly Dollar Spurs Copper-to-Gold Rally – Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar, dwindling inventories and continued robust outlookdemand. Palladium rallied to a new record as all precious metals climbed.
Dollar Slide Deepens as Euro Strength Saps Stocks
Gold Silver Reports – ⭐⭐⭐⭐⭐ Dollar Slide Deepens as Euro Strength Saps Stocks – Despite a U.S. holiday, the dollar dominated trading on Monday as it headed for a fourth day of declines, weakening against every major-currency. The euro’s jump weighed on European stocks, while gold gained.
Gold Kiss 4-month High as Dollar Index Slumps to 3 Year-Lows
Gold Silver Reports – Gold Kiss 4-month High as DollarIndex Slumps to 3 Year-Lows – Gold prices on Monday hit their highest since September, buoyed by a weaker US dollar, which slumped to three-year lows against a basket of currencies.
Commodities Weekly Research Report 15-01-18 To 19-01-18
Trend Up ⇒ Buy Gold MCX Between 29325 – 28225, Stop Loss – 28924 Target – 29755 ↔ 29910 ↔ 30055
Trend Up ⇒ Buy Silver MCX Between 38450 – 38250, Stop Loss – 37777, Target – 39830 ↔ 40440