Gold MCX Rock-Hard Support ₹ 30800, If Break and Close Below ₹30800, We See Big Panic in Coming Days.
MCX Gold Reports : MCX Gold Daily Chart Made Bear Phone Chart Pettern or Tripal Top Formation, Big Move on Chart
gold rate
Gold Testing Critical Support But Analysts Still See Potential Next Week — Kitco News Report
Gold Silver Reports (GSR) – Gold futures are preparing to end the week with heavy losses with August gold last traded at critical support at $1,280.40 an ounce, down 1.71% from last week. The lost comes a day after gold prices rallied to a four-week high. This is gold’s worst week in a month as prices dropped more than 2% the week of May 14.
Gold Prices Rise by ₹150 Today
Gold Silver Reports (GSR) – Gold prices rose by ₹ 150 to ₹ 31,950 per 10 grams on Wednesday amid fresh demand from local jewellers despite weakness in global gold prices, reported PTI. Moreover, a depreciating rupee against the US dollar, which makes gold imports costlier, supported domestic gold prices. Silver prices, however, edged down by ₹ 10 to ₹ 41,550 on selling pressure, added the report. Global gold prices fell to a one-week low in the previous session, as investors waited for clues on the pace of future interest rate hikes by the US Federal Reserve when its policy meeting concludes later in the day.
Gold Slip Below ₹ 32000, Muted Demand
Gold Silver Reports (GSR) – Gold prices dipped below the ₹ 32,000-mark, falling Rs 100 to ₹ 31,950 per ten grams at the bullion market today amid a weak trend overseas and fall in demand from local jewellers.
Gold Price Target Till Diwali 32500—33500 Level on Weak Rupee
Gold Silver Reports (GSR) – Gold prices are likely to hold in the range of ₹ 32,500—33,500 per ten grams until Diwali Target in the domestic market, and internationally the Gold might be in USD $1,180—$1,410 an ounce level.
MCX Gold-Silver Major Update By Neal Bhai MFA Technical Analyst
Gold Spot Report : Just Keep Eye on $1308 Level……(Nothing else ) Hold and close above, We Blast to 1318——1324+++++ Strong Support at $1282————$1274. GOLD MCX REPORT MCX Gold — Above 30324 level, If trades and closes, We See Blast 31545—— If Hold above 31610, Non Stop Really Start 31910——32274 …
India Gold Imports Are Said to Have Slumped for Fifth Month
Gold Silver Reports (GSR) – India Gold Imports Are Said to Have Slumped for Fifth Month — India’s gold imports shrank 39% in May, according to a person familiar with the information, the fifth month of decline as the world’s second-largest consumer enters a seasonally weak period for demand. Imports contracted to 77.6 tonnes from 126.2 tonnes a year earlier, the person said, asking not to be identified as the figures aren’t public. The purchases exceeded the 52.7 tonnes in April and are the highest so far this year.
Global Gold Prices Flat as Risk Appetite Increases Amid Rate Hike Prospects
Gold Silver Reports (GSR) – Gold prices were steady on Tuesday, after falling for three days, as investors opted for riskier assets amid increasing prospects of an interest rate hike in the US following strong US economic data.
Gold Spot May Hit $1400 in ‘2019 on `Powerful Fuel’ of Weak Dollar
Gold Silver Reports (GSR) – Gold Spot May Hit $1400 in ‘2019 on `Powerful Fuel’ of Weak Dollar — The precious metal will start to rebound in the final quarter of this year to average $1,375 an ounce in the last three months of next year and could touch a high of $1,400, said Bart Melek, global head of commodity strategy at TD Securities in Toronto. That’s a level last seen in 2013.
MCX Gold Daily Chart Made Bear Phone Chart Pettern or Tripal Top Formation, Big Move on Chart
MCX Gold Daily Chart Made Bear Phone Chart Pettern or Tripal Top Formation.
MCX Gold Support 30800, Will Trap Buyers or Sellers Tet’s See Till 15-06-2018
Trade Always with Tecnical Trand or Level.
“No Magic, No Miracle, Just Power of Level”
Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
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