Gold Technical Analysis – Gold prices surged higher rising 0.8% and closing at a seven-year high. The next level of target resistance is the April high at $1,747. After that level, gold could rally to $1,927 level. A break of this 2011 level would lift gold into blue sky territory.
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Swiss Gold Exports to U.S. Rocketed Amid Fears of Shortages
Gold in New York vaults to deliver against futures contracts pushed prices on CME Group’s Comex exchange as much as 4% above spot prices in late March. Swiss exports of gold to the U.S surged to 43.2 tonnes in March, 2020.
Zinc Supply Cuts Outstripped By Demand Destruction from Coronavirus
Collapsing demand for zinc caused by the novel coronavirus will swamp supply cuts from major producers Peru and India this year and leave the market with a massive surplus that will weigh on prices of the material used to galvanise steel.
Gold Hit My Support Level $1683.48, Now Buy Gold and Silver at CMP, Small Quantity (Call only For Positional Traders) – Neal Bhai Reports
Gold Hit My Support Level $1683.48, Now Buy Gold and Silver at CMP, Small Quantity (Call only For Positional Traders) – Neal Bhai Reports
Spot Gold Below $1703 Downside Target $1690—$1682 – Don’t Panic @ Lower Level
Spot Gold Below $1703 Downside Target $1690—$1682 – Don’t Panic @ Lower Level
Gold could reach $2,000 this year
An inverse head and shoulders pattern forms when an asset makes a low, a lower low, and a higher low – it implies a bottoming and change in trend direction.
Silver if Hold Above 43000 Next Holding Target 45500—47200 (with in 10 to 15 days)
Silver if Hold Above 43000 Next Holding Target 45500—47200 (with in 10 to 15 days)
Gold Bull Trend Continue as Expected – Gold Silver Reports
Spot Gold resumes its bulltrend as expected and strategists at Credit-Suisse continue to lookfor eventual new life time record highs.