Gold created now last 4 weeks high 1950
Assume that our buy signal reached soon 1958 area.
Gold trades between 1958 to 1962 area if cross above tonight next upper beat at 1982 and 1995
If not cross 1962 than go down upto 1946
Probably gold is in strong
Gold now changed pivot @ 1933
Buy above 1938 stop 1933 targets at 1958 1966 1982
Sell below 1933 stop 1937 targets 1918 1906 1893
Last bid 1942
All sellers in gold may chance to go up today so plan your trades
Our predicted pivot ar 1920
So one can buy at 1923 to 1926 stop 1918 targets 1932, 1942, and above
If breaks 1920
One can sell at 1918 below stop at 1926 targets 1908 and 1901
Last bid 1926
Past buy signal high made 1928.50 area
Now set pivot point 1933
Sell Below 1933 again target 1916 1908 area
Buy above 1933 only
Buy gold 1912 average buy at 1904 stop 1898 target 1922, 1936
Short term sell below 1933 with target of 1916, 1908
Buy above 1933 with target of 1946 1963
Gold 1897 possible with support 1865
usdx strong 106.80 above i already told
now gold @ 1823 area
correction up-to 1784
last bid 1848
the gold will strong in coming days.
pivot @ 1840
res 1870, 1892 – 1894
sup 1840, 1820-1822
usdx still upside potential, chance to down coz of climate issue.
So, the gold plan to go upside
According to UOB Group’s Quarterly Global Outlook, gold prices are expected to pick up traction and surpass the key $2000 mark per troy ounce in the second half of the year.
Broadly speaking, little has changed in terms of the key drivers for gold. As in the previous few quarters, gold remain mostly driven by USD and US interest rates movements. Specifically, gold maintains its inverse relationship with USD and interest rates. As such, whenever USD strengthens and / or when US interest rates rise, gold tends to weaken anew.
Despite the near term set back, we maintain our positive outlook for gold. We continue to see US interest rates topping out in the months ahead as the Fed reaches the tail end of its rate hiking cycle. Our view remains for USD to top out as well (albeit with a bit of delay towards the end of this year). And gold remains an important diversifier of portfolio risk. In fact, Emerging Market and Asian central banks continue to load up on gold reserves, specifically China.
Overall, we maintain our positive view for gold and forecast that gold will trade above USD 2,000 /oz in 2H23 and thereafter, rising further to USD 2,100 / oz in 1H24.
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Hi, Im Sudhakar. Kalyan
