Page 2 - Mcx Gold Options
Gold strategy on July 3: Support at Rs 71,300; Resistance at Rs 72,000
Spot gold rose slightly ahead of the US Fed Chair Powell's speech at the European Central Bank forum on central banking in Sintra, Portugal
 "Gold strategy on July 3: Support at Rs 71,300; Resistance at Rs 72,000")
Intraday trading strategy for gold, crude oil by Neha Qureshi of Anand Rathi
On the daily chart, MCX Gold for August is hovering near its trend line support. A break below 70,750 could signal bearish sentiments, the analyst said
 "Intraday trading strategy for gold, crude oil by Neha Qureshi of Anand Rathi")
Gold: Yellow metal falls on hawkish Fed; bearish ahead of US payroll data
Spot gold slid on Tuesday following a rebound on Monday as the US Federal Reserve officials continue to maintain a hawkish outlook on rates
Hawkish Fed pause weighing on Gold prices, may test Rs 70,300, Rs 68,700
Gold rate today: The MCX Gold August contract was at Rs 71,135, down 1.16 per cent at Thursday's close
Gold Strategy: Yellow metal uncertain before Fed outcome; support at $2,277
Spot gold traded with a bearish bias on Tuesday as most of the commodities were under pressure due to the rise of far-right parties in the recently concluded European elections
Gold prices fall despite softer US yields, buy the dips; target prices here
Spot gold at the time of the MCX closing was trading at $2329, down 0.89per cent on the day, whereas the MCX August contract was changing hands at Rs 72,005, down 0.27per cent
Gold Strategy: Buy the dips towards Rs 71,400; Support near Rs 71,500
The MCX Gold August contract was down by 0.11 per cent at its LTP of Rs 72,193. Risk appetite remains weak as wider markets swoon
 "Gold Strategy: Buy the dips towards Rs 71,400; Support near Rs 71,500")
Gold rallies on cautious US Fed; check target prices, support levels here
The cautious stance of the US Federal Reserve on its monetary policy is somewhat positive for the metal; thus, inflation hedge buying theme dominates
Gold can rise 5% to Rs 75,000; Silver by 2.5% to Rs 85,000, charts suggest
The MCX Gold futures have scaled new highs in the last 9 trading sessions, and surged 8.5 per cent. Charts suggest some consolidation likely ahead, as technical indicators are in overbought zone.
 "Gold can rise 5% to Rs 75,000; Silver by 2.5% to Rs 85,000, charts suggest")
Gold and Silver can rally up to 10% on MCX, show charts
The MCX Gold futures have gained 4 per cent and Silver 6.5 per cent so far in March on hopes of interest rate cuts in the US. Chart suggests that positive bias shall prevail in the near-term.
 "Gold and Silver can rally up to 10% on MCX, show charts")
Gold to maintain upward trajectory in 2024, ended CY23 with 15% return
Yellow metal to maintain its impressive run in 2024 on the back of triggers such as the moderation in US economic growth, expectation of rate cuts this year and continued buying from central banks
 "Gold to maintain upward trajectory in 2024, ended CY23 with 15% return")
MCX Gold futures could test Rs 65,000-mark on the upside, chart suggests
Gold futures are up 12 per cent so far this year, and have gained 132 per cent in the last eight years. Chart suggests that bias is likely to remain favourable as long as Gold trades above its 20-MMA.
 "MCX Gold futures could test Rs 65,000-mark on the upside, chart suggests")
Gold prices can fall another 10% from here on; check key support levels
The MCX Gold December futures seem headed towards the 100-WMA (Weekly Moving Average) which stands at Rs 54,150 level; below which the next target shall be the 200-WMA.
Gold rally may take a breather, support at Rs 59,750 holds key
The MCX Gold June futures could dip to Rs 58,300 or lower, in case the support at Rs 59,750 gets violated; Pivot point for Silver is Rs 74,850.
Gold could test Rs 66,500, Silver Rs 85,000 in FY24, charts suggest
MCX Gold is likely to trade with a bullish bias this April as long as prices sustain above Rs 59,800; Pivot point for Silver is Rs 73,800.
 "Gold could test Rs 66,500, Silver Rs 85,000 in FY24, charts suggest")
MCX Gold, Silver futures may stay rangebound; check key levels here
The MCX Gold futures may seek support around Rs 50,075 this week, whereas Silver futures if sustain above Rs 58,150, can potentially rally towards Rs 60,870-level.
 "MCX Gold, Silver futures may stay rangebound; check key levels here")
Rs 51,100-level remains a key hurdle for Gold futures; Silver tests 200-DMA
The upside for MCX Gold October futures is seen capped around Rs 51,100-level for now. On the other hand, Silver futures may consolidate following the near 5 per cent rally last week.
 "Rs 51,100-level remains a key hurdle for Gold futures; Silver tests 200-DMA")
MCX Gold likely to consolidate; Silver futures trade with a negative bias
The MCX Silver July futures are currently trading below all its key moving averages; similarly, MCX Gold futures need to break above Rs 51,870 for further up move to emerge.
 "MCX Gold likely to consolidate; Silver futures trade with a negative bias")
Commodity Corner: MCX Gold, Silver futures likely to consolidate
The MCX Gold futures may seek near support around Rs 52,040; whereas Silver futures have multiple key support around Rs 65,235 and Rs 64,600.
 "Commodity Corner: MCX Gold, Silver futures likely to consolidate")
Gold prices fall to Rs 51,454 per 10 gram, silver plunges to Rs 64,594 a kg
In New Delhi, prices of 22-carat gold plunged sharply to Rs 51,250 from Rs 51,700 per 10 gram in the previous trade while price of 24-carat was at Rs 54,870
 "Gold prices fall to Rs 51,454 per 10 gram, silver plunges to Rs 64,594 a kg")
