Home / gold / 2017-10-07 : Gold Prices & India’s Diwali Festival

2017-10-07 : Gold Prices & India’s Diwali Festival

India’s gold imports for April – August jumped threefold, & are foreseen to promote more due to the Diwali festival starting on October 18, 2017.
Investment ThesisAs I predicted in my Former article, gold prices have been pulling back in a steady downtrend & are this day at an 8-week low.
Diwali – Festival of lightsPullback & ForecastVarious factors led to a sharp height in gold prices, to $1,355.56 USD/ounce, however which has come to an end, for this day at least.
I guess gold prices to recover somewhat.
India’s gold request for 2016 was 600 tons.

Gold Prices height for Britain + Euro Businessmen as Catalan Banks Look for Exit, Hapless probably dangers Leadership

 
Gold Prices

Gold Prices Find Solace Post-NFPs, CPI to Drive following Week

Inflation information going to be central focus following 7 days by the unite states user value Index slated for Friday.
For gold prices, the outlook remembers precarious & When we probably yet see some more weakness, the broader technical view calls for a near-term low early in October trade.
Learn the method to Utilize Gold sentiment in your trading.Get more information on Sentiment here Free!
As we noted in our quarterly forecast, the broader focus remembers weighted to the topside for gold When above 1240 (bullish invalidation).
Gold 240minA closer look at value action highlights gold prices continuing to trade within the confines of this well-defined descending channel formation extending off the September high.

Gold Prices chock 6-Week Low As unite states $ Rallies

Gold Prices are drop & have slumped to a six-week low in early unite states trading Monday.
Silver prices have dropped to a seven-week low.
December Comex gold was final drop $9.30 an ounce at $1,275.50.December Comex silver prices were final drop $0.071 at $16.605 an ounce.
Bears’ following near-term downside value breakout objective Information Systems closing prices below solid technical backing at $1,250.00.
The following upside value breakout objective Information Systems closing futures prices above solid technical resistance at final week’s high of $17.295 an ounce.

 

 

collected by :Irax John

Check Also

Bitcoin Gold value expert test – BTG/USD Eyeing more Gains

Bitcoin gold value Information Systems gaining pace above $300 against the America Dollar. Key PointsBitcoin …