AS Expected, Gold and Silver Are Melting Like Ice – Neal Bhai

Gold and Silver

Gold price (Yellow Metal) has recovered the major portion of losses recorded in the Tokyo session. The precious metal declined sharply to near $1626.00 but recovered firmly and is indicating a formation of buying tail, which indicates a strong resoponsive buying structure. The yellow metal is attempting to shift into the prior balanced area placed in a narrow range of $1,645.00—$1,650.

Read More →

Nifty Week Technical Report: Weakness Ahead For Next Week

Weekly Derivatives & Trade Ideas

Nifty Week Technical Report: In the last week’s article, I had alerted readers about the risk that was present (mainly from global factors) for the trends. In fact, an earlier letter was titled ‘The Narrative Is Shifting’ where I had mentioned that the undertone of the market was changing ever so slightly. I followed that up with another alert in the article a couple of weeks ago, ‘Targets Met And More’, where I had mentioned that the Nifty topping time zone as Sept. 13. Of course, these were alerts for those with long positions to be vigilant, and in the last week’s letter I had also mentioned that in the event the market turned a bit soft, long-holders should lighten up on their commitments. On the make-it-or-break-it matter, the market seems to have chosen to, well, not make it so far.

Read More →

सोना चांदी दे रहा है मंदी का संकेत, क्या करें – Neal Bhai Reports

Gold Spot Price Today, 08 August 2023: Below $1947 Target Price is $1912—$1892 (Sell On Rise)

फेड आउटलुक और भू-राजनीतिक जोखिमों के बीच सोने की कीमत कमजोर बनी हुई है। सप्ताह के अंत में होने वाले प्रवाह और अमेरिकी डॉलर में लाभ लेने से सोना (Gold) को उबरने में मदद मिल सकती है। नोट के आगे पॉवेल के भाषण के साथ सोना (Gold) अपने रेंज ट्रेड ($1695 To $1645) को बरकरार रख सकता है।

Read More →