Sunday, June 25, 2023

Gold: Price Outlook

 

Gold: Price Outlook 

Spot gold has to go above $1,940 in the coming week to reestablish its upside

“In the event of a recovery from the lows, the 100-day SMA of $1,942 has to be cleared, with day closing above the zone as this zone coincides with the 50% Fibonacci level,” he said. "This will help gold rise to the 50-day EMA of $1,959, which indicates buyers stepping in for a retest of the $1,975 level, coinciding with the 38.2% Fibonacci level.”

On the flip side, gold bears will be trying to approach the 50-week EMA of $1,882 and the 200-day SMA of $1,853.


GOLD SELL CALL

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