Gold Update, Gold Forecast, MCX Gold Tips Today, MCX Gold Forecast Today: “The next downside target is the falling trendline support at $1,827 should the previous day’s low give way. Further declines could challenge bullish commitments at the horizontal trendline support from the December 30, 2022 low at $1,812.”
Silver Update: Below 66721 Below 65200—64700—63500
- Silver prints three-day losing streak as sellers flirt with 2.5-month low.
- Clear downside break of 100-DMA, bearish MACD signals favor sellers.
- 50% Fibonacci retracement, 200-DMA challenge further downside.
- Recovery remains elusive unless crossing $23.15, ascending trend line from early September 2022 adds to the downside filters.
Spot Silver Forecast: Silver Resistance Key around $24.40
Spot Silver Forecast: Silver price remains mildly bid around the eight-month high as it reverses the previous day’s pullback by rising to $24.40 during early Thursday.
Gold price defends 200-Daily Moving Average once again, recapturing $1,800 is critical
Gold Price Forecast: Having defended the critical 200-Daily Moving Average (DMA) support at $1,785 on Monday, Gold price once again found fresh buyers near that level and staged a solid bunce in early Tuesday.
MCX Gold Forecast For Today [08-12-2022]
MCX Gold Forecast For Today: Gold Technical chart is showing a formation of the “Bullish Megaphone”, and we can see in the medium term that gold has been strong.
MCX Zinc Forecast For Today [08-12-2022]
MCX Zinc Forecast For Today: Zinc future in the 1D chart has formed a “Falling Channel” in which we can see that zinc is gradually been recovering and trying to make a higher high we can see from the levels of 263 on 29th Nov it has now touched a high of 284 which is one of a strong rally of the past couple of months.
MCX Gold Forecast for Today: Investors cautious ahead of Fed Meeting minutes
MCX Gold Forecast for Today: After being under pressure and a series of negative returns, gold prices snapped the losing streak and concluded Tuesday’s session on a positive note. The yellow metal ended Tuesday’s session at 0.14% higher.
Fed minutes and flash PMIs in focus
Fed minutes Outlook: A rebound in oil prices, and a weaker US dollar helped markets in Europe reverse their Monday losses and close at three-month highs in an otherwise lacklustre session.
MCX Natural Gas Jackpot Call: All Target Achived 504 to 544.50
MCX Natural Gas Jackpot Call: All Target Achived 504 to 544.50
MCX Naturalgas High 544.50
40 Points Done
Profit 1,00,000 in 2 lots
Gold Price Zoom on Russia jitters, Silver High 62950; Buy Yellow Metal on Dips
Gold price is outperforming silver today as risk on sentiment has increased after Poland was hit by a missile. Right after the news, gold witnessed a temporary price spike and was within touching distance of $1800. However prices have retraced back as findings are ongoing whether the missile is from Russia or Ukraine.