Gold CME Made Falling Wedge Pattern Hurdel 1297β€”1300 Above Market Can Test 1306, Where Can Take “R” Turn or Beear Phase; Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team

Gold CME Made Falling Wedge Pattern Hurdel

Gold CME Made Falling “Wedge Pattern” Hurdel 1297β€”1300 Above Market Can Test 1306, Where Can Take “R” Turn or Beear Phase, support Looks 1282 Cross or Close Below Daily Chart Big Bloodbath Coming  Soon $1270β€”β€”$1250β€”β€”$1224

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Crude Oil Conspires With Politics to Drive Rupee Toward Record Low

Gold Silver Reports (GSR) – Crude Oil Conspires With Politics to Drive Rupee Toward Record Low — Brent crude rose above $80 a barrel last week for the first time since 2014, and is looking ominous for the nation’s budget deficit, inflation and the currency. Meanwhile, Modi faces the prospect of rival parties uniting to block his re-election bid after their success at a recent state poll.

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Gold Prices Continue Down on Muted Demand

Gold Silver Reports (GSR) – Gold Prices Continue Down on Muted Demand — Gold prices slipped by Rs75 to Rs31,875 per 10 grams at the bullion market on Monday on easing demand from local jewellers amid weak trend overseas. Silver prices cracked below the Rs41,000-mark by falling Rs440 to Rs40,760 per kg due to reduced offtake by industrial units and coin makers.Β  Β  Β  Β  Β  Β  Β  Β  Β  Β Β 

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An Ugly Day For Gold Silver

Two Gold Bar

Gold Silver Reports (GSR) – An Ugly Day For Gold Silver β€” For gold bulls, Tuesday’s trade should turn out to be bullish with the blow-off pattern selling on heavy volume. Gold is very close to our $1,280 target, although $1,260 could come into play. Once $1,280 shows, we will be ready to start buying when support holds.

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