Crude Oil prices edged lower on Tuesday as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease worries about a supply disruption in the Middle East.
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Gold and Silver Prices Rise, Which Precious Metal to Buy?
Gold Rate Today: Experts believe that MCX gold price is going to touch ₹71,900 and ₹72,810 very soon. Gold and silver prices witnessed strong buying, which helped precious bullions to end higher after a gap of two weeks. Spot gold price finished at $2,507 per ounce after climbing to a new peak of $2,509.72 (3.13%).
As Expected: MCX Silver Hit High 83,380 Profit 34,400 Per Lot
MCX Silver Tips: Silver almost achieved the target of 83,380, profit of Rs 34,400 per lot by Neal Bhai.
Paid Member’s mint tons of money.
As Expected: Gold Hit High 71,475 Profit 77,500 Per Lot
Spot Gold prices rose on Friday and touched the psychological mark of $2500 amid fresh volatility in markets as better-than-expected US data offset the negative impact of July’s weaker-than-expected NFP and improved economic outlook.
Silver found temporary support at key Fibonacci level as bulls attempted to pull prices higher
Silver has traded conversely to gold, managing to selloff since the latter days in May. Silver topped out above $32, attempting another advance which ultimately fell short near $31.75 and has come off a sizeable amount since then. The metal now attempts to find support at the prior Fibonacci level of $27,40. The Fibonacci retracement relates to the 2021-2022 decline.
Gold reaches record high due to rise in global markets
Gold hit a record high on Friday as global stock markets gained on reassuring data about the health of the world’s biggest economy and likely US interest rate cuts.
Gold in the last leg of the 5th wave ABC
Following up from our last update titled “Are Bulls Teasing Bears?”, we are witnessing an exhilarating finish to the week as gold makes a remarkable $100 jump since our last analysis. This thrilling surge forms part of the final leg, Wave 5, of the proposed ending diagonal structure. True to Elliott Wave principles, each wave within this structure is subdividing into three smaller waves, ABC.