The FOMC minutes have been released and there was some confusion on the release as to whether they were dovish or hawkish.
Silver Price Should Bounce Very Soon | Gold Silver Reports
Silver price has retested a historical support and is ready to follow up a long trade. We can see a daily confirmation of buyers in the POC zone. If the market makes a bounce in the zone we could see a retest of M L3 and M H3 levels. M L3 is 24.83 and 26.09 could be the target. For bulls to win this swing the price needs to stay above 23.00.
Gold Price Shine Further Upside | Gold Silver Reports
Gold Price Shine Further Upside: USD is moving into some late stages of a higher degree Elliott Wave structure. We are also in the mid of the week when flows can change especially when you have the FED minutes.
Gold Awaits Fed Minutes, $1800 Testing Bullish Commitments
“The Fed minutes will throw fresh light on the US central bank’s tapering plans. Escalating covid concerns continue to remain an upside risk for gold price, as they bring along a lot of uncertainty on the prospects of global economic recovery.”
Premium On Effective Government Has Gone Up, Says Raghuram Rajan
The effectiveness of governments is even more important at a time like this, says former Reserve Bank of India Governor Raghuram Rajan while commenting on the widening inequality gap in developing countries like India on account of the pandemic.
Gold Technical And Fundamental Analysis | Neal Bhai
Gold Technical And Fundamental Analysis: Gold prices are in the recovery mode as prices have bounced off from their recent lows.
Silver Prices Resistance Key at 24.10
Spot Silver prices still unable to beat key resistance at 24.10 despite gains in Gold. Gold outlook is positive holding above $1775 to target $1780 then $1790 & perhaps as far as minor resistance at 1795. A break higher targets 1800. Expect strong resistance at 1812.