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, Lead formed a long green bullish candle on the weekly chart after 9 weeks straight downfall. Lead has support at 177—169 and resistance at 182 Decisive break and close above 182 will confirm the breakout in Lead futures. Our positive view gets negate on a weekly close
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
Better-than-expected US unemployment data and a marginal decline in manufacturing data created volatility in the commodity market. Today, the data of non-farm employment change will be present by the US at 6:00 pm. The forecast figure is expected to come to 725000 which is more than the previous one of
Better-than-expected US non-farm payrolls and pending home sales data led to a jump in the base metal commodity, but gold and silver jumped on a worse-than-expected Chicago PMI data. Today the data of ISM Manufacturing PMI will be presented by the US at 7.30 pm. A slight decline is expected
Better-than-expected US consumer confidence data led to a rise in the base metal and a fall in bullion. According to the API, there has been a decline of -8.2 million barrels of stock in crude. Crude inventory is scheduled tonight at 8 PM. In which a decrease of -4.2 million
Gold has support at 46600 and resistance at 47000 Silver has support at 67100—66500 and resistance at 68200 Copper has support at 707—702 and resistance at 717 Nickel has support at 1340 and resistance at 1370 Zinc has support at 233 and resistance at 237 Aluminium has support at 193
