#gold technical analysis

https://img.etimg.com/thumb/msid-125975881,width-1200,height-630,imgsize-77238,overlay-etmarkets/articleshow.jpg Domestic gold prices hit yet another lifetime high of Rs 1,35,496 per 10 gram on Monday, surging sharply by around Rs 1,870 or 1.4% over the last closing price. While the trade remained favourable amid growing haven and investment appeal in bullion, rates in India were further…

https://img.etimg.com/thumb/msid-125693044,width-1200,height-630,imgsize-61996,overlay-etmarkets/articleshow.jpg Domestic gold prices jumped Rs 1,300 per 10 grams or 1% on Monday, taking cues from the international prices amid risk-off sentiments in equities and Bitcoin. The sharp rise in MCX gold prices vis-a-vis its overseas peers was due to rupee weakness against the US dollar. The February…

Technical and Fundamental Report on – Forex, Index, Crypto, Commodity – 21 September 2022

Index Analysis Asian Pacific stock markets sank on Wednesday. The Shanghai Composite is down 0.36% at 3,111.18. Overall, the Singapore MSCI is down 0.50% at 290.75. Over in Hong Kong, the Hang Seng Index is down 1.35% at 18,501.00. In Japan, the Nikkei 225 is down 1.20% at 27,120.00, while the Topix index is down 1.17% at 1903.50. South Korea’s Kospi is down 0.77% at 2,349.60. Australia S&P/ASX…

TECHNICAL ANALYSIS REPORT – 27 JULY 2022

 Asia-Pacific stocks were mixed on Wednesday morning. The Shanghai Composite is up 0.07% at 3,279.64. Overall, the Singapore MSCI is up 0.05% at 293.65. Over in Hong Kong, the Hang Seng Index is down 1.06% at 20,665. In Japan, the Nikkei 225 is up 0.40% at 27,760.00, while the Topix index is up 0.18% at 1947.50. South Korea’s Kospi is up 0.11% at 2,415.53. Australia S&P/ASX 200 up 0.23% at…

Technical Analysis Report – 26 July 2022

Stock Market Technical Analysis Summary as per 25/07/2022: European equities Monday closing. The DAX futures contract in Germany traded down 0.38% at 13,158.72, CAC 40 futures down 0.23% at 6223.02 and the UK 100 futures contract in the U.K. up 0.53% at 7,345.47. In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.28% at 31990.05. The S&P 500 up 0.13% at 3966.83 and the…

COMMODITY TRADING: GOLD TECHNICAL ANALYSIS, NEWS & TRADE SIGNALS

GOLD TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, GOLD is trading in an upward channel. It is trading above all SMAs: MA (5), MA (20), and MA (50). The immediate support is at 1912 and the resistance level is at 1992. GOLD is trading in an upward channel until there is a trend reversal. GOLD TECHNICAL ANALYSIS: DAILY CHART In the daily charts, GOLD is trading below its previous…

Gold Technical Analysis: Attempts to Withstand a Strong USD

So far, the trend is neutral with a bearish tendency. Usually, the price of gold moves higher in times of uncertainty and risk-aversion, but this time the price of gold collided with the strength of the US dollar. This explains the weakness of the upward correction of the price of gold recently to the level of $1755 before it tested the support level of $1725 and stabilized around it at the time…