Silver Price Forecast: Spot silver entered new month firmly in red and hit new lowest in over two-years on Thursday, in extension of August’s 11.4% fall (the biggest monthly loss since September 2020).
Technical Analysis
सोने की कीमत का समर्थन $1700 के स्तर पर है [HINDI]
सोने की कीमत मंगलवार को नौ महीने के नए निचले स्तर पर गिर गई, एक बिंदु पर $ 1725 से नीचे गिर गई। 1720-1740 डॉलर के क्षेत्र में, पिछले 15 महीनों की गिरावट में सोने को समर्थन मिल रहा है, और दैनिक चार्ट स्पष्ट रूप से दिखाते हैं कि सोने के विक्रेता हाल ही में धीमा हो रहे हैं।
Aluminum price Jumps to Highest Since 2018 on Strong China Trade Data
Aluminum price: surged to the highest in almost three years, leading gains in base metals as Chinese trade data buoyed the outlook for demand.
Gold Technical Price Outlook: Above $1785 level, Confirm the Bullish Trend
Gold Technical Price Outlook : $1785 remains a critical level, the gold chart is still a very bullish one but it could be a good confirmation signal if $1785 per troy ounce was broken.”
Gold Prices Could Rise Above $1,300 Next Week – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices could rise above $1,300 next week , The safe haven yellow metal found takers at the 100-week moving average (MA) of $1,277 on Monday as Trump’s re-escalation of the trade war with China sent risk assets sharply lower on the fist trading day of the week.
Technical Analysis – GBP/USD Gains some Ground But still below Descending Line
This level has become a key threshold for GBP/USD rates in recent times, with the current economic climate restricting any major advancements for the pound.
Gold Prices had Earlier Breached its 100-Day Moving Average
Gold Silver Reports (GSR) – Gold prices slipped today, but was trading above the 10-week low touched in the previous session, as the dollar rose against the yen on signs of progress in the US-China trade dispute and strong US economic data. Investors are now awaiting the US jobs numbers for more signals on the strength of the economy.
USD Picture Stays Muddy After US Jobs Report
Gold Silver Reports (GSR) – The USD picture is clear as mud at the moment – with recent commodity dollar breakouts versus the greenback not seeing further progression today and USD/EM trade consolidating after their recent big run lower.
Spot Gold $1,300 Resistance level for Gold is Looking Very Vulnerable
“The equities are looking a little heavy up at these levels and yesterday’s speech by Fed Chairman Powell felt like Fed might adopt a dovish stance on rates moving forward, which is lending a lot of support to gold,” Haberkorn added.
Natural Gas $5.00 Level Should be Massive Resistance – Neal Bhai Reports
I believe that rallies are still to be sold, as the $5.00 level should be massive resistance. If we can break above there, then I think the market would take off to the upside very violently, but I think it’s very unlikely to happen.