Invest Gold With Ashok

உலக பொருளாதார நிலை தங்கத்திற்கு சாதகமாக அமைனித்துள்ளது. மேலும் அதிகரிக்கவும் வாய்ப்புள்ளது, இன்னும் சில மாதத்திற்கு தங்கம் விலை ஏற்றமுடையதாக இருக்கும் என எதிர்பார்கிறேன்.

Gold surprised the markets on Friday as traders bought the dip and prices climbed above $1,570 an ounce level. At the time of writing, April Comex gold futures were trading at $1,571.50, up 0.10% on the day, but down 1% on the week. The big news this week, aside from the coronavirus updates, was the U.S. employment report, which surprised on the upside with 225,000 new jobs created in January. The unemployment rate ticked up to 3.6% on an increased participation rate.

Have the coronavirus fears peaked this week? Analysts are warning that all additional gains gold made on those fears will dissipate, but gold will rise on a different driver altogether. Gold looks strong above the $1,570 an ounce level amid fluctuating stock market and a robust U.S. dollar. The $1,550 is the new floor in gold that is holding well, said Blue Line Futures chief market strategist Phillip Streible. “We are close to breaking out. I think we are going to match those old highs at $1,620,” Streible told Kitco News on Friday. At the time of writing, February Comex gold futures were trading at $1,584.40, up 0.80% on the week.

Three upside clues and one downside clues for gold

Guest(s): Patrick Ceresna Founder & Chief Derivative Market Strategist, Big Picture Trading Gold prices are on track for another rally into the $1,700 an ounce price range on the back of frothy equity markets, this according to Patrick Ceresa, founder and chief market derivatvies strategist at Big Picture Trading. "I feel that generally, the bull trend for gold is intact as long as gold can hold above $1,500 during this consolidation that we're in. If that's the case, then this is actually a compelling buy on dip on gold for a move towards $1,700," Ceresna told Kitco News on the sidelines of the Vancouver Resource Investment Conference. On equities, Ceresna said the S&P 500 is due for a 200 to 300 point drop this quarter

How are Gold Rates Determined? Determining the value of gold is not as straightforward as pricing assets. Gold is dealt with by the four types of firms in the industry. They are exploration or development, mining, consumers and recyclers. The 3 categories of consumers are industrial, jewellery producers and investors. Gold prices are fixed on a daily basis. It is an agreement between the participants on the same side in the market to buy and sell gold at a fixed price or to maintain the market conditions to make the price stay at a certain level by controlling the supply and demand. Gold Fixing is done at London Bullion Market Association. The prices are set daily at 10:30 am GMT and 3pm GMT in US dollars. Types of prices There are 2 types of prices, spot price and futures price. Spot price This is the current market price at which gold was bought or sold for immediate payment and delivery. Futures price This is the price at which the participants in a futures contract agree to transact on the date of settlement.

https://linktr.ee/AshokThangam #gold crossed 38% reattachment level $1548 . Next support will be $1535 (50% retracement level) Bounce back from that level or even below will reach $1548 and $1600 subsequently . The next push to $1600 could be more stable than before. Buy #gold on correction dips

Gold rate targeted to $1650 ,which is $100 more from current price . That will leads to gold price in india become ₹4000 to ₹4200 per gram. Which ultimately reduce demand in the market . If you're a short-term investor ,this is the right time to invest in gold and get benefits from rate hikes.

Uptrend movement of graph throughout the year . Which ultimately denotes downside movement in 2020 to test the lower levels.

Will gold reach the September heigh of $1552 and gold mcx ₹39700 ?

Gold will test the september heigh .

Heading into the holidays and the end of the year, the safe-haven metals bulls are much more confident as the technical postures for gold and silver have turned positive.

I'm shocked since the market open , because that was totally opposite happened with what I expected...

This episode is all about an intro to my channel , this channel talks about gold forecasting and gold news updates