Thursday Buy Gold Silver on Blast Blast — Neal Bhai Reports
Gold MCX — 49970 to 50549 = 550 Points Up
Silver MCX — 67344 to 69800 = 2500 Points Up
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Thursday Buy Gold Silver on Blast Blast — Neal Bhai Reports
Gold MCX — 49970 to 50549 = 550 Points Up
Silver MCX — 67344 to 69800 = 2500 Points Up
Silver Gold MCX Tips Today : Gold markets have gone back and forth during the trading session on Tuesday as we have very little in the way of volume. That being said, we are sitting on top of the 50 day EMA which of course is somewhat crucial, and therefore it could continue to offer support.
What started with a bang is now ending with a whimper. After a meteoric rise in gold prices through the first three quarters of 2020 (gaining +24.3% from January 1 through September 30),gold prices cooled off in 4Q’20, having lost around -1% at the time this forecast was written in December 2020.
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Spot gold prices have been on the front foot in recent trade, with a boost coming at 13:30GMT in the form of slightly softer than expected US Consumer Price Inflation numbers. Spot gold popped above the $1840 level and Wednesday Asia session highs at $1842, but has so far failed to break above $1850. As things stand, the precious metal trades with gains of close to $8 or 0.5% on the day.
Silver Spot : Mar. Silver is 2 cents higher at 24.01 down 35 cents for the week. The EU has kept rates unchanged and will continue it’s 500Billion Euro bond purchasing program through March 2022. However the Dollar reacts expect an opposite reaction in Silver., i.e., if the dollar goes lower silver should rally, if dollar rallies silver should break. Still too volatile for positions. I still to the Dollar as a proxy.
एएनजेड बैंक के रणनीतिकारों का मानना है कि मांग में सुधार, राष्ट्रपति-चुनाव बिडेन की सहायक विदेश नीति, अतिरिक्त राजकोषीय समर्थन की संभावनाएं और अमेरिकी और चीनी जलवायु नीतियां 2021 में औद्योगिक धातुओं की मांग को आकार देने वाले प्रमुख कारक हैं। इसलिए, तांबा के लिए दृष्टिकोण रचनात्मक है।