What next in gold or gold?🪙🪙

🙏🙏 Read carefully…🙏🙏

📌 There has been a strong jump in gold and silver ever since the American bank was declared bankrupt. Everyone is afraid that the American situation may not become like 2008 in which Lehman Brother was declared bankrupt.

📌But this time Fed has tried to improve within 72 hours by taking immediate action. The Fed is also monitoring all the banks that there is no other bank which has not hedged its money properly. To hedge means to protect your cash from the ups and downs of the market.💸

Will the Fed raise interest rates?

📌 It is expected that the Fed will raise the interest rate. The main reason for the increase is that inflation is still above 6%. If there is no bad news in the next 2—3 days, then there will be stability in the market and the possibility of increasing the interest rates will increase, but if any adverse situation happens, then the Fed will have to think about increasing the interest rates.

📌 Due to the increase in excessive interest rates, there is a danger of causing financial crisis or say that there is a danger of recession. The Fed’s main focus right now is to bring inflation down to 2% without hurting the economy, for which interest rates could be raised further to 6%. Currently the interest rate is 4.75%.💴💴

📌 If there is no change in the interest rates this time, then it will be clear that the Fed members are also scared and the interest rate is not being increased in view of the danger. The question of reduction does not arise but there is a question mark on increasing it.

Next 7 days will be very important for the financial market📈📉

📌The previous highest level (high) in gold was 58847 and it has touched the level of 58661 yesterday.🪙

📌 Gold can see targets above 59200 to 60800—61500.🪙

📌 Now the support of 50000 has been made in gold. As soon as it breaks, there will be signs of a big recession. But there is little hope of this. Before that don’t create a positional bearish trend. Will be advised to buy on sharp decline.🪙

📌 Watching the double top pattern being formed in gold. The next bullish trend will be formed on closing basis above 59200 otherwise a gradual pullback can be seen till 56000—54500 levels.🪙

📌 Positionally, the trend in gold remains bullish in the long term. In the coming time, we will see targets up to $2600.

📌 Gold in Comex Gold will slowly see targets of 1970—2025 and then up to 2100. The support is at $1860. The real upside will be seen in Gold above $2100.🎯

What is the reason for the boom?

📌 Commodity News target in Gold is 84000… Stop loss is 50000. Earlier it was of 44000 🎯

📌 The main reason for the boom is the excess of anything… If the interest rates are increased further, there will be pressure on economic development. The state of war remains a main reason. The biggest issue is how will the crumbling western economy emerge?🇺🇸

📌 The second biggest reason is that if not today the interest rate will definitely have to be reduced after some time and when the interest rates will be stable or will increase, then there will be a big jump in gold again. Situation will not be normal.🇺🇸

📌 It is said that gold gets sold due to increase in interest rates, but it is also true that due to increase in interest rates, gold cannot remain at lower levels for long. Gold has seen a jump of $1625—$1940 till the interest rate comes to 4.75%. In adverse circumstances, it will take a more extreme form.

Rupee has a huge contribution in MCX.💲

📌USDINR has resistance at 83.50 and support at 81.00. USDINR has bounced once again from lower levels.

📌If USDINR gives weekly close above 83.50 then we can see target of 86—89 soon and then up to 93. USDINR will remain bearish below 81.00.

📌 Looking at the economy, it can be expected that there will not be an increased recession in USDINR, that means the rupee will keep getting weaker. In the event of a weak rupee, gold will get good support and there will be a possibility of a big rally.

📌 If there is a boom in gold, then silver will also not remain untouched by it. Soon we are seeing the possibility of a big rise in silver. In silver, $25 has become a major resistance. $20 is not a bad buy for positional traders. Will explore the possibilities of boom.🙏