Comex Gold prices surged past $2,735 per ounce, hitting a record high as safe-haven demand grew and is on track for a weekly gain of over 2%.This rally in Bullions is largely driven by expectations of further interest rate cuts by major central banks, with the European Central Bank lowering its deposit rate to 3.25%—its… Read More »
Strong demand has emerged at recent lower levels, with gold near 75000 As long as these levels hold, the bias is upward, potentially setting the stage for new price highs. These levels are key indicators for ongoing market trends, and sustained support at these points could lead to continued upward momentum. MCX GOLD Gann Angle… Read More »
Israel-Iran China US Fed The trio to rock Commodity markets till the US elections in November. MCX GOLD Gann Angle Chart Gold is trading well above its 3×4 gann angle. MCX GOLD Supply Demand Zone MCX GOLD Supply Demand Chart : Demand in range of 75359-75444, Supply in range of 76000-76100 MCX GOLD Harmonic Analysis… Read More »
MCX GOLD Gann Angle Chart Gold is back above its 3×4 Gann Angle resistance. MCX GOLD Supply Demand Zone MCX GOLD Supply Demand Chart : Demand in range of 72235-72150, Supply in range of 74000-74100 MCX GOLD Harmonic Analysis Above 73500 price is heading towards 74105-74555 based on Bullish ABCD Pattern. GOLD Astro/Gann Trend Change… Read More »
The US non-farm payrolls (NFP) report for August came in line with expectations, but the market’s reaction was far from muted. Traders, seemingly anticipating a worse-than-expected outcome, had built up a significant bearish position. However, the relatively benign data triggered a sharp reversal, sending equities, currencies, and commodities tumbling. The US dollar strengthened markedly, buoyed… Read More »
Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. “The time has come for policy to adjust,” the central bank leader said in his much-awaited keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. “The direction of… Read More »
COMEX Gold surged to a record high of $2,538.7 per ounce driven by strong demand for safe-haven assets amid geopolitical tensions and economic concerns. Market fears were heightened by the potential for retaliatory strikes from Iran following Israel’s attack on Hamas officials in Iranian territory. Additionally, the escalating conflict between Ukraine and Russia added to… Read More »
Gold prices hold steady above $2460/oz after their biggest one-day increase in three weeks, buoyed by US jobless claims data that eased fears of a severe economic downturn MCX GOLD Gann Angle Chart Gold has heading towards its 3×4 Gann Angle resistance @71500 MCX GOLD Supply Demand Zone MCX GOLD Supply Demand Chart : Demand… Read More »
Comex Gold held steady above $2400/oz as cooler than expected US inflation data bolstered expectations of a rate cut in September US Core CPI rose by 0.1% month-over-month, marking its smallest increase since August 2021, and increased by 3.3% year-over-year, the slowest pace in over three years. MCX GOLD Gann Angle Chart Gold is facing… Read More »
Comex Gold extended gains amid rising bets that the Federal Reserve will trim interest rates before year-end after poor US economic data MCX GOLD Gann Angle Chart Gold has heading towards its 4×3 Gann Angle resistance @73600 MCX GOLD Supply Demand Zone MCX GOLD Supply Demand Chart : Demand in range of 71875-71800,… Read More »