Short term view ,
gold Daily resistance 1612$-1620$
Support- 1545$-1530$ watch s&r

Comments

Post a Comment

Popular posts from this blog

Fed Interest rate

 Closed Board Meeting on February 14, 2022 Government in the Sunshine Meeting Notice Advanced Notice of a Meeting under Expedited Procedures It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, February 14, 2022, will be held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C.. The following items of official Board business are tentatively scheduled to be considered at that meeting. Meeting Date: Monday, February 14, 2022 Matter(s) to be Considered: Review :: and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.8 A final announcement of matters considered under expedited procedures will be available in the Board's Freedom of Information and Public Affairs Offices and on the Board's Web site ...
Read more

Fomc meet latest updates

FOMC Meeting minutes Plans for Reducing the Size of the Balance Sheet Participants generally agreed that monthly caps of about $60 billion for Treasury securities and about $35 billion for agency MBS would likely be appropriate Fed has decided to reduce its Bond buy from $120 Billion to $95 Billion reduction by $25 billion. Effect: Supply side will increase in stock market in compare to demand which will reduce cash flow in economy, this will impact negative on US Indicies & couple of stocks but positive for US Dollar as a currency, positive for T-Bond, simultaneously highly positive for Bullion. Only negative point for Bullion is to increase an interest by 25 to 50 basis point but this decision will be taken in the month of May, so there is a high probability that Bullion may take upside in next 24 hours hours based on this. EU & US are preparing for new sanctions on Russia US& SPR (Strategic Petroleum Reserve) decided to release about 180million barrel in the market which...
Read more

Bullion : geopolitical tension

 💥On account of Mahashivratri Date.01st March, 2022 MCX will open for second session i.e. MCX from 5.00pm to 11.55pm Be alert market gapup Or gap down will open,  Gold prices now dependent upon outcome of Geopolitical tension, Fed meeting for rate hike and Inflation. A very very cautious approach needed for next few days as market can be highly volatile. While Fed is likely to hike interst rate and bring some Mechansim to control inflation, Geopolitical tension is highly unpredictable. View -bullish. Support:: 1877$ Resistance:: 1917$ If break next -1957$ Buy  :: (1890$)🚀🏃 📲8604995101
Read more