Monday, May 29, 2023

Gold: Price Outlook


Gold: Price Outlook 

While the provisional debt ceiling agreement announced by Biden could weigh on gold, the yellow metal might survive a larger selloff if the spot price sustains above the 50% Fibonacci level of $1,942 an ounce, 

“We expect a rebound towards the horizontal resistance zone of $1,975, which if cleared, can extend the recovery towards $2,015.”

On the flip side, a sustained break below $1,942 followed by weakness beneath $1,936 will attract sellers, pushing the spot price down towards the 61.8% Fibonacci level of $1,910,


Gold low 72234 down fall 516 point down intra days book मेरी हिम्मत को परखने की कोशिश मत करना मैं पहले भी कहीं हवाओं का रुख मोड़ चुका हूं