Trendy Bullion Gold traded with positive bias in the last week. It made a high of 48290 and settled around 47910. On seeing the weekly chart, Gold has support at 47400—47250 and resistance at 48300—48900. Chances are bright that Gold could test its resistance level of 48300—48900 levels. More and
US unemployment rose slightly on Thursday to 373000 as compared to last Thursday of 371000. Dollar impacted by this day and slipped from the top. The dollar index may create panic around 93—94 levels. So traders remain cautious at upper levels. Traders should have a close eye on G20 Summit
Hope you all enjoyed our levels on a daily basis. Gold prices, Copper prices rallied nicely while Natural gas and crude oil crashed vertically. Less than expected Jolts jobs opening data created volatility in the market. Today traders should concentrate on US unemployment claim data which is at 6 PM.
The meeting of OPEC has not determined the direction to increase the production of crude and the meeting which has been going on for almost a week has created a controversy. Yesterday we saw a decline in crude oil prices as Russia agreed to increase production by 4 lakh barrels
TRENDY 369 FORMULA SIMPLIFY YOUR COMPLEX TRADING SYSTEM TURN LOGIC INTO MAGIC Our buy call of Bank Nifty 15 July 35500 CE skyrocketed from 260—607.20. Our target was 500+++ Not only this… Bank Nifty futures skyrocketed and achieved our all targets very well Our buy call of Nifty too hit
Gold is heading in the north direction and currently trading around 47550. You all know that we are holding long from 46600 levels. Our subscribers are holding fresh from 47410 levels Watch 47621 levels carefully… CMP 47550 Decisive break and sustain above 47621 will take Gold to 47993—-48335 levels. Immediate
Crude oil rallied again after the OPEC meeting was postponed. However, the next date of the OPEC meeting will be decided later on. The postponement of the meeting has been interpreted as not agreeing with the increase in production among OPEC+ countries. The data of Euro ZEW economic sentiment data
Bullion traded with positive bais despite better than expected US employment data and dollar volatility. Crude’s move has troubled everyone. There has been concern about the delay in OPEC’s decision to increase or decrease production. Today is the third day of the OPEC meeting. Oil companies estimate the price of
In the week, we have seen positive momentum in Gold as well as Silver. Both took a u-turn from lower levels and settled around 47339 and 70280 levels respectively. Gold surged from lower levels despite better than expected unemployment claims and nonfarm payroll data. Trendy Gold and Silver Gold has
On the daily chart, Comex Gold took the support of $1750 and bounced back to $1780 again and trading near to its crucial resistance level of $1780—$1788. Decisive break and close above $1788 will take Comex Gold to $1805—$1820. Or else it could test its support level of $1765—$1758 At
