20th November 2024
Swing curve 81740-74300.....78000
This is how gold has reacted in last 25 days and now again trying to hit old resistance and preparing for a bull run in long term
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11th November 2024
Breakout correction
As shared details in last few weeks look at the breaking frates after all time high
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1st November 2024
Bear gives buying option
November openening to clear some overbought rates at eae and corrections, keep your buying corpus ready
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25th October 2024
$2800 a major level
As gold is inching towards $2800, before it sustains over these rates and move towards $3000, there might a pause and correction back towards $2500 to $2600(major entry level in short term)
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14th October 2024
Bulls and bears in short term
A. Overbought gold (Bearish)
B. May be more will be overbought (Bearish)
C. War Situations (Bullish)
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11th October 2024
Bond Yeild vs Gold Rates
As Bond yeild is incresing it will have a negetive impact on gold rates in short term
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09th October 2024
$2900 by 2025
Goldman Sach's RAISING its prediction of $2,700 to $2,900 by early 2025
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17th September 2024
If $2600 breaks next levels is $3000
Crossing $2600 will rally to $3000
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15th September 2024
Further upside
Expectation of Interest rates to fall to male gold price touch another high
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08th September 2024
$2500 is a major level
If gold remains above $2500, the next level to see would be around $2610 to $2650
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03rd September 2024
Bull not over yet....
With a small correction that too may be in a week or two to come.....bull run is still on
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26th August 2024
Time to act....
The cup and Handle shows upside target of gold heading towards $3000/oz, time to act is now as it may be to late to wait for the fall
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10th August 2024
Gold @ $3000?
Recession to make for for gold to cross $3000 and my be further in over next 12 months
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01st August 2024
Interest Rate hike in Japan
Japan Rate hike might work negetive for gold
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31st July 2024
72-Day cycle
Currently the best cycle to follow is the 72-Days cycle working as the mot dominent one.
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26th July 2024
Duty on Gold dropped
Custom duty on Gold dropped to 6% from 15% and on dore bars 14.35 % to 5.35%, a major drop in gold rates amid interational bullish trend
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17th July 2024
Gold breaks out
Bullish pattern breaks for Gold but more signals for recession shall make gold out perform in the international market
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11th July 2024
Will gold increase..... three point checklist
A. Gold continues to hold above $2290
B. If Economy weakens
C. Western Financial and Political systems collapse
D. Watch out as Duty on gold might change
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05th July 2024
Watch the history to repeat.....levels to be aware of..................
Gold yet to breakout in real term. Past three months gold is moving between @2300 and $2400. Holding Above $2290 will make gold run and make new all time high may be in 2024. Breaking $2290 might brek $2100 also.
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18th June 2024
Low getting formed
As shared gold forming lows to get ready for the rally
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12th June 2024
Cross $2400 next rally could make it $2800 in this year
Once gold closes below 50days EMA, which is yet to come then gold gets the base to rally again
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07th June 2024
Breakout will be big in gold
last 13year cup and handle pattern was a big one to define last 20 years Gold breakout
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03rd June 2024
Gold International Reserves
Central bank (Sturdy) buying gold sinc e 2009 and increasing gold price has outgrown global reserves. Surpasssing Euro in 2003 next currency is US dollar
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29th May 2024
No big crash Expected
Gold Runs four big steps ahead and corrects two small steps back. $2300 to $2350 is range for a month or two
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10th May2024
Bull Run if Gold to start
We believe to be at the start of multi year bull run in gold. Indicators like Dollar gold index, inflation, was, Asset bubble shows gold to be undervalued and and to increase from here
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1st May 2024
Sell off due to economic data
GDP release by Commerce Department makes investor uncertain. May by $2300 support breaks making physical gold break 71000....70500.....70000 mark
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21st April 2024
Correction Phase
As suggested earlier Gold in correction phase. Beaking $2300 might bring more correction. Testing phase for $2400
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14th April 2024
Four Up - Two Down
Gold rally generally follows 4 step upwards (Bull) and 2 step backward (correction).
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10th April 2024
Four Up - Two Down
Gold touched all time high, Now there might be correction if no further bull run is experienced in this coming week. Suggestion not to buy long.
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07th April 2024
How High Now ?
If weekly closing are on higher ups then one should expect a higher price opening the coming week that is Monday opening....stay invested....some prices are history now
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31st March 2024
New Highs now
All gold charts hints on a regular New ALL TIME HIGH on almost Daily Basis
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23rd March 2024
Gold Flag tested
Fed meeting made gold to new all time high now
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14th March 2024
$2075 to breach
All time resistance tested $2075 is to breach and now $2200 shall be the next target
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11th March 2024
Gold to touch to new all times high now
As shared gold BULL run is on move as sub $2000 levels looks to be the tale of past now...stay invested
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25th February 2024
Gold getting warmed up for rocket launch
Gold consolidations near $2000 were all opportunity as shared last week.......get ready for a rocket boom
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13th February 2024
An Opportunity to Buy
Any Gold correction this week is a good level to buy as bull run has alraedy started
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05th February 2024
Gold to cross $2100 in weeks to come this spring
As gold crosses the level of $2100 and stays above next bull run shall try $2300
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22nd January 2024
Biggest Bull Runs in the History
1971 - 1980 ($35 to $865) :+2370%
1999 - 2011 ($250 to $1920) : +670%
2015 - till date ($1045 to $2075) : +98% suggests a majour breakout in 2 to 3 years to come (think about the correlation gap)
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02nd January 2024
New Highs in 2024?
Gold Market Expected to make new highs in 2024 with intermediate low corrections to give better support levels for bull run
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31st December 2023
Gold Annual Return 2023
January 2023 to December 2023 a journey from Almost Rs 57800 to 65200 gave a return of 12.64%
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23rd December 2023
Gold Vs Bullion Stock
Compared to bullion stocks in 2023, Gold has outperformed by closing aroung $2065
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16th December 2023
Breakout above $2100
As Federal ends rate hike gold jumps in the air. A breakout and support above $2100 might give Gold its major bull run start, may be $9000-$10000 by year 2030 making $2000 as a historical levels
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11th December 2023
Healthy correction ?
As discussed earlier gold in upper phase is very important for newer highs in 2024, may be this is a healthy correction before a major breakout.
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30th November 2023
$2000 monthly closing
Gold on the verge of its first time monthly closing above $2000, if it happens new high of $2075 is forseen
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24th November 2023
Smaller waves pushing higher wave in 2024
$2020 is a major level to break and kick start a bull run, consolidation levels possible
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10th November 2023
Recession builds fears
New highs in gold expected as the concern for recession builds, breakout above $2080 support above $2100 important
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01st November 2023
November is crutial for breakout
Over the last 3 years gold is consolidating everytime around $2080, breakout is important for a big bull run
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26th October 2023
Final Washout now?
As October contracts to clear in the end week correction is expected after 27th or 28th October
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14th October 2023
Will the next rally of $2100 take place
after this so called the final washout in last few days. Now rally expected
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20th September 2023
$1885 is the key support
If $1885 key support breaks, then new high in 2024 shall be seen else it will not break until 2025
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18th September 2023
This kill zone sets up the new rally
Good time to look at the gold market
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24th August 2023
Gold as safe Haven asset, consider it as insurance policy
Since 1973 to 2022 S&P has crashed almost 10 times with fall from 19% to 49% averaging to fall of 33%. on the other hand during same time frame gold has gone uo upto 137% and crashed by 46% avearging to 19% increase.
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16th August 2023
Powerful Wave III rally
After gold languish get ready for new all time high
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10th July 2023
Train about to leave station
Big rally in next 12 to 18 months. For long term exact bottom is irrelevant, start investing
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01st July 2023
$2000 rally or $3000 in 2024 ?
As charts suggest that three years consolidation is almost comlete, it is exprcted to hit all new all time highs of may be $3000 is 15 to 18 months
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28th June 2023
Last Bottom Curve to Buy
Breaking of $1920 and nearing $1900 marks the opportunity to buy at the bottom curve. Suggest Daily buying to average
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20th June 2023
Bull Bear entry exit updates
Highest Rate of $2067 in early May marked the entry of bears and took control which pushed the gold around $1930. Gold needs to break thru support of $1940 for bulls to take charge but on the down side may slide towards $1900-$1920. Patience is the key and bull cycle to come in future for sure
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10th June 2023
One more leg down for the bull run to target $2100
Another breakdown shall give the final support for bulls to become active. Can expect to go down from $1945 to $1930 or may be lower. Consolidation levels shall make bulls enter
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04th June 2023
Levels around $1940 and $1980 seen
As posted on 25th May, Gold failed to close above $1985 but touched $1983 and levels around $1940 was seen. Buying time starts
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25th May 2023
$1976 Major Support or Resistance
Federal Rate hike has reached its peak with no further hike expected, thus positive for Gold. But Gold is reacting due to US debt limit having due date of first week of June (failing to which Gold might increase and USD might fall). Also 9 DMA is $1975, Technically if it closes below $1975, levels of $1940 might be seen. Has to close above $1985 to be bullish in nature.
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11th May 2023
Multiple Strategy for medium and long term
Feb Lows, Moving Averages, US Debt concern, Fed rates making gold react in opposite Directions.
Long Term : Bullish
Short and Medium term: Buy on all dips
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26th April 2023
4th attempt to cross $2000
Since Jan 2023 this has been the Fourth attempt of gold to move above $2000 making odds for bigger rally to change to odds for bigger declines
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20th April 2023
Gold prices to explode
The technical levels suppost the testing of $3000 in future
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16th April 2023
$2080 Mid term target
72 days moving average suggest $2080 in mid term
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23rd March 2023
All time high to come
Be Bullish on gold....buy on all dips
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18th March 2023
Check for $1975
Long term Gold Futures if it does not sustain above $1975, then lower of $1912 can be seen next week
In coming 2 Years or so new record might be set in INR
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17th March 2023
One side Movement
Money minting option as only one side movement from $1929 to $1954 expected may be higher by the end of the day
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25th February 2023
$1800 strong support
If it breaks $1800 on can boldly sell. Whereas chart studey of 200 days EMA shows level of $1832 to $1840 in next week
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18th February 2023
History of 2005 Repeats, After $2000 no looking back
In 2005 gold crossed $450 and never ever looked back. These days gold is correcting as interest rates creep higher and once interest rates peak, gold will take a leap and might not look back below $2000.
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11th February 2023
Crutial level in Gold
Bull market correction takes support at $1855 if breaks downward correction till $1820 can be seen, else EMA supporting bull provides resistance at $1881
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01st February 2023
Duty impact on gold
The basic customs duty (BCD) on gold bars was reduced to 10% from 12.5% but increased the Agriculture Infrastructure Cess (AIDC) to 5% from the existing 2.5% leaving zeor duty mpact on gold
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25th January 2023,
The India-Australia ETA - the beginning of an impactful bilateral agreement!
The India-Australia ECTA aims to significantly enhance bilateral trade in goods and services, create new employment opportunities, raise living standards, and improve the general welfare of the people of the two countries. *Major benefits to GEMS & JEWELLERY SECTOR under the agreement! *
➡️ 0% duty on jewellery products made up of gold, silver and imitation Jewellery exported to Australia
➡️ ECTA would enable to double the bilateral gem and jewellery trade from the present trade value of US$1.27 billion to US$2.5 billion over the next 3 years.
➡️ An additional trade of US$ 1 billion is likely to generate employment for 88,000 workers in India.
➡️ Indian exports will benefit from preferential zero-duty market access in Australia for 100% of its tariff lines
➡️ India has provided preferential access to Australia on over 70% of its tariff lines.
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22nd January 2023,
Will Duty on gold fall
Indian Market as seen a major fall in the Gold import in the Q3 2023. There are proposals to slash the Duty to add Govt Revenues. This might bring down the gold price in India and creat demand for the same. Wait and watch to add to your portfolio till the budget date around 1st February 2023
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20th January 2023
Expecting $2000 and above
Strong breakouts and Expecting new heights (We suggest revise the 2022 pointers)
Only thing to correct a sharp fall is Expected Duty fall in the Indian Market as Budget is around the Corner (1st Feb 2023). Can wait and watch
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31st December 2022
Dont miss targets
Gold has been nearing all time high in the Indian Market. Already up by Rs 5500 since September bottom, Plan in parts for the next year.
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20th December 2022
History says HIGH inflation can last for next 10 years
So check as gold has been the best hedge towards inflation
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13th December 2023
Gold : May be an outperforming asset in 2023
Topping at $1921 with some corrections (may be healthy ones) makes strong base for $2000
In Indian Market gold has crossed much above September and October bottoms
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14th Novemember 2022
Gold becoming more important in portfolio (5 reasons)
A. Bonds are now no longer the antifragile foundation of portfolio
B. Bonds and stocks having negetaive Correlation is a myth now
C. Bond Market is becoming dangerous
D. Problems faced by positive correlation between bond and equities
E. Gold has proved to be the best stabilizer
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09th November 2022
Effect of US election on Gold
If Republicans wins then government expenditure will be curtailed down leading to fall in inflation and increase in FED rate shall slow down resulting in hike in Gold rate.
Reverse in case Democrat win market could fall.
We suggest no speculation
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15th October
Every Fall could be buying option
Accumultion should be done at all levels below INR 51500 for long term
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07th October 2022
May be short term bearish
As it falls below $1700 it might touch bottoms of $1670 $1665 next week
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06th October 2022
Non Farm Employment
Went till $1700 from $1727 may be shorlived
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04th October 2022
Soft bond yeild
Makes gold 1 day high supports at $1676 and resistance at $1710
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16th September 2022
Check for $1686
Somerebounds might be seen in the morning, if it trades above $1686 for more tahn an hour or two then bullish else $1655 to $1640 can be seen today
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15th September 2022
$1680 buying is not risky buying
For long term buying at $1680 is not risky coz stop loss is just $20 and everytime it rebounds $100 in next 15 to 20 days from this level
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08th September 2022
Intraday
Can short today at $1724 and book profit below $1714
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01st July 2022
Gold Duty Increased
Today onwards Gold import duty inreased by 5%, Surcharge taken back, thus net impact around +1.1%.
New Import duty net is now 11.8% + cess
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30th June 2022
500 EMA (Exponential moving average study)
Last month of 2018 gold crossed 500 days EMA since then til date Gold has never gone below that rate. This time 500 days EMA stands at $1795
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24th June 2022
Levels to watch
If breaks 50500 on MCX downtrend till 49500 could become a new support but if if breaks 51150 then 53000 will be the new resistance
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20th May 2022
Today's level
Any move below $1827 will bring bears back and push it till $1810 while sustain move above $1836 can push it to $1862
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19th May 2022
Today's level
Move below $1810 will be bearish but move above $1824 and further $1832 will bring bull Joy
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17th May 2022
Today's level
$1780 - $1844 is the range and breaking either side shall decide the further direction
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16th May 2022
Today's level
Gold support is seen at $1780 whereas bulls defending $ 1800 can make it to $1830
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12th May 2022
Today's level
Long positions suggested above $1860 for $1870 and $1885
Below $1848 bears might become aggressive and may see $1837 and $1830 kind of levels
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11th May 2022
what bull needs
For the first time since Mid Feb it closed below $1850.....Bulls needs a pullback above $1845 and $1853 to rise
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06th May 2022
Resistance to cause pullback
Pullback to downside of $1860 and $1847 to become supports as $1880, $1892 are resistance
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30th April 2022
Gold demand Surging
This is the biggest inflation super-spike since the 1970. As traders increasingly comprehend this leading alternative asset
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14th April 2022
Bull run expected
Traders gradually diversify into the yellow metal
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07th April 2022
Buy on Dips
Gold may see pullback after bull runs, use all dips as buying opportunity
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31st March 2022
Volatile due to world events
Huge swings in financial markets are likely still to come with ultimate book in gold
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09th March
$2090 to decide the market
Gold extended its rally to a record high yesterday on the back of a ban on Russian oil by the US & UK, inflationary pressure Technically going by the structure formed if 2090 is not broken this week then we can witness massive correction in this overbought market.
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07th March
Check at $2000
Possible default of Russia on its foreign debt and possibilities for banning of Russian Crude by European Union and US has pushed prices up to magical figure of 2000$.
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01st February 2022
No change in Import duty on gold
The industry for expecting reduction in Import Duty and GST to bring down the smuggling and increase the official sales, but NO change.
Last Year the Duty was slashed from 12.5% to 7.5% plus infrastructure and social welfare cess add another 3.25 percent. The GST is 3 percent on gold, which takes the total duty to 13.75 percent for the industry
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19th January 2022
Gold touches two month high
Inflation worries and Russia - Ukraine tensions supporting rates. In INR will cross 50000 for sure
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31st December 2021
Expect a bull run in January 22
Technically Gold shows support at $1817 while RSI and ADX giving mixed positions. Thus any inflation worries shall support a bull run
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11th November 2021
Tomorrow is a day to understand gold in coming week / fortnight
If it closes above $1870 (or even if it crosses $1870 as high and sustains) next level could be $1918.....BUT if NOT it will surely dip to $1830 within next week
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07th November 2021
One Day correction ends
After another low of $1758 gold crosses $1820
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15th October 2021
Bull run to start soon ?
Many experts suggest to buy on dips
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30th September 2021
50 Years Historical Analysis
History proves Gold to over-perform inflation by 700%, stable source of value is one of the most common reason to buy gold.
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23rd September 2021
Today's Trend
As Market opened around $1761 If it breaks $1754 it will down move upto $1744. Upward break of $1774 then will move upto $1788
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20th September 2021
Today's Trend
As Market opened around $1748
If it breaks $1738 it will down move upto $1710. Upward break of $1757 then will move upto $1768-$1774.
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16th September 2021
Immediate term Planning
As Market opened around $1794 Buying on dips in the rule. If it breaks $1780 it will down move to $1757. Good levels to sell on immediate short term is $1810 to $1820
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30th August 2021
Future Trends
Short Term: Sideways with resistance at $1800
1 Year forecast : around $1800
3 Years Forecast : $2250
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13th August 2021
Bull or Bear
After 08th August correction gold in in Bullish trend forming same levels of July end
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08th August 2021
Dip Today
As shared on 24th about the correction it is a good option to invest and immediate upswing expected if closes on a higher rate
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24th July 2021
August shall give a chance to invest at a bottom
Almost Flat chart in July mid and end shall give a chance to invest as dip expected in early or mid August as Lows and Highs Magnets of moving averages indicates a corrections
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07th July 2021
Lows and Highs Magnets
10 days and 20 days moving average in short term and 34 days and 72 days moving averages works as magnets for both upswing and corrections
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28th June 2021
June Lows the perfect buying option
As shared on 06th and 17th June about June lows and transitory phase, strong buying opportunity around $1750 and expect the bull run after lows gets formed around $1750 as support and closing above $1800 in near term
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17th June 2021
June the buying option
As it corrects more in the transitory phase plan buying options as follows: If SPOT gold rate closes below $1800 on Friday 18th June then within fortnight it might come to $1700. Also if $1750....$1756 then possible bounce to $1796.....$1808 possible in short time
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06th June 2021
All dips are transitory.....so plan now
Last week gold saw some corrections towards 34 days moving average downside magnet as discussed (Read 31st May blog). These dips (might continue in June) are transitory and it might head to $2000 bull run within few weeks and then $2100 and another 10% higher to $2300 by year end or so...Autumn rally would be the start
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02nd June 2021
Watch-out $1929 for bull run
Gold touching and maintaining $1929 will revise the forecast
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31st May 2021
Gold Upside and Downside Magnet
Gold daily forms ups and downs and trend formation. The 154 Days moving average is the Downside magnet and 34 days Moving average is the upside magnet. Plan your basket accordingly
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28th May 2021
Next weeks support and resistance
Month Closing, Tender period and June annual trend supports $1865 (INR* 49600 delivery rate) and resistance at $1929 (INR*51100 delivery rate)
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19th May 2021
Gold Forecast......as 5% rise since last 1 month
Next 6 Weeks Bullish
1 year target : $2075
3 year target : $2725
Refer to 08th May blog for taking positions
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18th May 2021
$1854 crossed...
As posted on 08th May, Gold has already crossed $1854 and today it crossed $1870 as expected
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08th May 2021
Is Bull run expected next week ?
Gold made High at $1843.3 but not broken, thus important level to watch next week .........crossing $1845 adds buying positions and further buying if it crosses $1854 and can see levels around $1870, but mind it that view changes below $1824
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28th April 2021
Gold in no trade zone
Too many trends make gold in a no trading zone. We suggest investors to wait til May first week end to get the right trend and Jewellers to do simultaneously selling and buying.
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20th April 2021
Will $1780 be touched and crossed
As discussed a fortnight ago, it crosses $1770
Expected Trend
Short Term (6 weeks): Bullish
Medium Term (1 year): $2050
Long Term (3 Year): $2725
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05th April 2021
$1720-$1730 to be a strong Support
60 Days moving average to show a strong support at $1680. Movement above $1700 as discussed earlier gives a good bull run. Crossing $1750 can mark another bull run till $1770
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01st April 2021
Take the Dip as an investing Opportunity
As discussed a sharp fall coz of profit booking at the Financial year end and the new beginning can be the bottom fishing chance
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17th March 2021
Crosses $1740, kisses $1750
March 2021 to support gold between $1700 to $1750. Can invest for long term or look for a dip in March End
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07th March 2021
If $1700 does not break expect a bull run
As this week gold closed just at kissing $1700, next week might correct till $1669, but after that we expect $1770 to $1800 before month end. A perfect Buying opportunity with Short and Long term Horizon.
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01st March 2021
Important Levels to break on any side
$1760 as resistance to go higher and $1748 a support today for intra-day.....Crossing $1760 may give next levels to see at $1786 else go down to $1735
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23rd February 2021
Support and Resistance Levels
Support for some trading sessions: $1804-$1785 and Resistance at $1818 -$1834
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10th February 2021
$1820 to break or $1849 to bull
Dollar Index is trading below yesterday low and that must be positive for Bullion but still Commodities have not shown the fire. For today major support in Gold are 1828 & 1820, until 1820 is not broken we are open for target of 1856 - 1864 - 1876 by tomorrow. For the day 1849 $ is major resistance above which Gold can move up sharply.
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09th February 2021
The Apathy of Gold always sets the stage for sharp Rally
Forming a high of $1876 and then a sharp decline to $1784 last week and then bouncing back this week are the Apathy(s) forming the stage for the next bull run after crossing $1880. Note 310 day moving average is the only downside magnet. Once this bottom is touched the expected bull run shall unfold keeping it open for $2200 and further $2340 in months to 4 year horizon
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01st February 2021
Gold slips due to Duty correction
As shared and talked yesterday Gold corrects at closing taking ups and major downs due to correction in the duty on Import of Gold
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31st January 2021
India's Budget Ups and down
Tomorrow is the Budget day and its impact on the bullion market
Gold can rise if:
A. If the budget is not savings savvy
B. Govt announces increase in the taxes and duties on Gold
Gold can correct if:
A. If a robust plan for savings and investments is announced that can pull a lot of money from the paper and physical gold
B. If as demanded by the Industry experts to reduce Duties or Taxes on Gold Import to compete with the international market and be export competitive
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11th January 2021
Two levels to check for upside and downside movements
Was waiting today for Comex to open and then analyse.............. Market needs to cross $1852 for for upside bull run and needs to break $1839 for downside trend
Though we feel that the bigger picture in gold looking at the larger four year cycle, it looks an eventual push up to $2210 to $2350 in coming few months. Thus all dips could be an opportunity to buy.
Also $1800 looks at the last bottom with a good bull run after crossing $1912
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07th January 2021
Buy at all corrections
Gold is taking and will take leaps and bounds to hit new highs. Use them as buying opportunity
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06th January 2021
Technical Movement
If gold touches $1936 it should surely correct below $1915. A good Buying opportunity
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05th January 2021
Key points for new year
Opened around $1940
Buy only above $1947 with target of $1962-$1973
Support Level is $1924-$1915
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04th January 2021
2021 waits for magic numbers in Gold
Comes the awaited new year for all including GOLD. A 10 year old pattern observed in gold giving it a major support level in future......stay and continue investing
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27th December 2020
2021 Bullish Track for Gold
2019 strong trend followed by hit in March 2020 leading to deficits
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12th December 2020
Clear Signal for Gold Investor
Keep Buying at all lows before year ends
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04th December 2020
Strategy: Exit below $1814 else bullish above $1845 with target of $1856-$1868
Support: $1770-$1756
Resistance $1792-$1803
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03rd December 2020
Strategy: Exit if breaks $1810
Support: $1822-$1813
Resistance $1837-$1850
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02nd December 2020
Strategy: Buy if Gold crosses $1822 and sell if it breaks $1795
Support: $1803-$1795
Resistance $1818-$1826
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01st December 2020
Strategy: Buy on Dips
Expected Range : $1760-$1805
Support: $1770-$1756
Resistance $1792-$1803
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16th November 2020
Vaccine also matters!!!
Covid-19 Vaccine and its progress to matter with gold rates. Caution stage for speculations
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09th November 2020
US election Matters !!!
$1962 looks to be a very crucial levels for spot gold which can push to $1976 to $ 1995
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27th October 2020
What next !!!!!!
As discussed yesterday in an online seminar Gold has already touched its first target of $1908.....but Volatility could not move it higher.
What to do ????
Buying on Dips till $1903 and $1898 for target of $1910
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22nd October 2020
Gold is GOLD
At current levels $1904 remains as a strong support for Gold whereas it can face strong resistance above $1930
Make sure any closing above $1940 will initiate a bull run towards $1970
Yes Gold is in the Bull run towards Moon
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16th October 2020
Gold ALERT
IMF not planning to sell gold
International Monetary fund (IMF) is not planning to sell gold for debt relief : 'Gold reserves provide fundamental strength'
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09th October 2020
Sideways trading indications
For strong rally again we need to close above $1922, then levels like $1956 can be seen. Otherwise $1880-$1920 will be the range
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21st September 2020
Comex gold speculators raise bullish bets in latest week
Hedge funds and money managers increased their long position on gold around 15 to 16 times
Technical Analysis Support : $1937 / $1940 and resistance at $1960 / $1974 / $1992
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17th September 2020
Gold to Rally to next stop $2250
Current momentum of gold near $1925 prompts a higher move targeting $2100 initially and after breaching this level, it will move to the next stop of $2250.
How will it work......There are two levels to watch: $1930 as support and $1954.50 as resistance. The price need to breach one of these levels to detect its next destination North or South.
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10th September 2020
Understanding Today's Support Level of gold
ECB (External commercial Borrowing under foreign Exchange Management act [FEMA]) forecasts shown more confidence in economic outlook- Thus Bullion Support as dollar Dropped
$1928 - $1934 zone acts as a strong support for Gold. But if it goes below $1928 then may touch again $1910. ECB Meeting in evening, stay Cautious
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14th August 2020
New resistance and support level of gold
If gold falls below $1925 it can touch $1913- $1905
There are buying signals above $1950 for target $1970 and $1995
Below $1940 the view negates
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13th August 2020
Positive for Gold
Gold to be positive again above $1955
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12th August 2020
Violent correction as vaccine launches
Refer to the previous blogs saying vaccine launch to bring downtrend.
Gold peaked at $2089.20 on Friday followed by corrections. Now what......it is the multi week correction with primary support level at $1775 and with a secondary target at around $1675. Please note another powerful rally expected around September - October. GCI below 100 indicates buying opportunity
# if maintains and closes above $1906 then trend says will take an above stream
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11th August 2020
Gold Bearish due to vaccine
Gold has a support level at $1950 today. If it breaks $1940 selling trend starts
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10th August 2020
Corrections for gold Counter-trend
Series of Minor Correction on 10-day day wave, but 34 day cycle still pointing higher in wave. Take all corrections as buying options
Forecast:
Next six Weeks: Sideways
As correction to six week low and Metal is over bought
One Year: Bullish $2285
USD devaluation, Money Printing, Elections and Fed Policy
Three Years : Bullish $3050
Sock market crash, Negative real yield, Money supply relative valuation
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04th August 2020
$2000 First time Ever
Gold to test $2100 in short term as Gold strong above $1985. Still plenty of room for gold to rally as all planets align to make gold all time high. Caution with the vaccine launch
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31st July 2020
Gold strong above $1985
Gold is strong only above $1985 in spot. if $1985 is not broken can slide and touch $1963 - $1959 - $1945
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30th July 2020
Gold on $6000 on the Horizon
It is simple when currency printing goes brrrrrrrr.......dollar goes bearish and gold on the bull run. Crossing historical resistance of $1800 and even $1900 there is a plenty of upside left. This might be another 6 times move from December 2015 of $1050 to $6000 by 2025-2026.
Remember Gold is scarce not only reserve money
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29th July 2020
Gold Forecast
Short Term
SIDEWAYS PRICE DRIVERS
FOR NEXT 6 WEEKS: US Dollar, debt levels, open interest in COMEX futures, more stimulus from US government.
Gold Forecast 1 Year BULLISH: $2,280 MEDIUM-TERM PRICE DRIVERS: US dollar, US presidential election, debt defaults, physical market growth, NIRP/ZIRP, safe-haven appeal, deflation, followed by inflation.
Gold Forecast 3 Years BULLISH: $3,360 LONG-TERM PRICE DRIVERS: US Dollar, MMT, QE, yield curve control, negative interest rates, lost faith in government money, runaway inflation, fiat money collapse, rise of alternative media educating people on gold
Launch of Vaccine may become the major reason for downtrend
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28th July 2020
Gold Is a Momentum Play. That Also Means It Can Lose Momentum
(Bloomberg) -- Now’s a good time to start warning that gold is overdone, after futures hit $2,000 an ounce for the first time. The metal is rallying as the dollar falls. But keep in mind that the Bloomberg Dollar Spot Index is dropping from a record high. It’s still above its average over the past 10 years and over the decade before that. So support from a falling greenback can only go so far. Gold is also rising because investors are seeking havens as the virus ravages the global economy. But U.S. officials are planning their next stimulus package and the Fed is going to keep its foot on the gas, which may mitigate some of those concerns. Looking at falling real yields, they’ve probably built in the U.S. economic slowdown. For now gold is a momentum play. The relative-strength index is surging. That also means it can run out of momentum
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27th July 2020
DGL Forecasts Gold Price Targets
We have added price targets for the start of each year that fall in the middle of the trend channel. This analysis gives us the following median price points for the years ahead:
January 2021: $2,250
January 2023: $3,200
January 2025: $4,600
January 2026: $5,600
These are just the mid-points and not the highs for each year. At the top of the trend channel, we get the following price forecasts:
January 2021: $2,700
January 2023: $4,000
January 2025: $5,750
January 2026: $7,000
This gives us some indication of where we might expect the price of gold to peak in the years ahead and the magnitude of gains that we expect. Vaccine will be the major cause of downtrend.
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9th July 2020
DGL BULLION LEVELS
GOLD -49159
Resistance: 49458-49756-50164
Support: 48752-48344-48046
SILVER - 51382
Resistance: 51953-52524-53498
Support: 50408-49434-48863
GOLD$ - 1808.28
Resistance: 1818.4-1828.5-1841.7-1848.6
Support: 1795.1-1782-1771.9-1765
SILVER$ - 18.71
Resistance: 18.89-19.07-19.4-19.57
Support: 18.38-18.05-17.87-17.7
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19th June 2020
Gold Bullish in 2020
USD to rally till 76.48 to 75.50 this month GOLD still bullish this year Plan your inventory accordingly. This time is to start taking actions......nothing grows in still environment
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5th May 2020
90% of Target Achieved
The above information was shared on 4th Jan at $1475 rate and yesterday it crossed 90% of the rally $1700
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19th February 2020
50% of Target Achieved
The below information was shared on 4th Jan at $1475 rate and yesterday it crossed 50% of the rally $1600
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4th January 2020
Gold $250 hike
Au has already grown by 21% Last year in prices and expected to increase by $250 in near future with leaps and bounds 👉🏻divide your corpus by buying in parts on every dip
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