• 日. 10月 17th, 2021

    TRADEVIEW MARKET-INSIDER

    Market news from tradeview.tech

    Asian Metals Market Update: July-17-2020

    ByRealtrade.news

    7月 18, 2020








     — Published: Friday, 17 July 2020 | Print  | Disqus 

    Spot gold getting higher than comex gold futures. Silver is still in bullish zone. Covid is spreading in nations which have opened after lockdown. Gold and silver are soft just due to vaccine hopes and nothing else. Rest of the factors are all bullish. Gold investment demand from ETF and others will not fall significantly unless there are other safe options. Federal Reserve meeting on 29th July is the next big event. Traders will start taking positions for FOMC meet.

    China is also big driver of gold price. Tiktok, Huawei, Taiwan, Japan, American interference in peaceful South China sea and chances of armed conflict with India will remain till next month and needs to be watched. Chinese fear and irrational Chinese moves will ensure that gold continues its medium term bullish trend. China is trying to challenge USA’s king status. Change in US presidency will not change the political rift and economic rift between USA and China.

    Bond yields are in focus. There will be an inverse correction between US treasury yields and gold price. Physical demand of gold will be the key. Silver will sell off only if Industrial metals crash.

    COMEX GOLD AUGUST 2020 – current price $1797.50

    ·       Crash will be there below $1790 to $1771.90 and $1753.60.

    ·       Gold has to trade over $1805-$1810 zone to be in intraday bullish zone.

    MCX GOLD AUGUST 2020 – current price Rs.48812.00

    ·       Gold has to be trade over 48600 to be in short term bullish and try and rise to 49450 and 49900.

    ·       Gold will crash if it trades below 48600 or in case 49600 is not broken by 30th July.

    ·       TODAY gold has to trade over 49037 to be in intraday bullish zone.

    (prices in Indian rupees above)

    COMEX COPPER SEPTEMBER 2020 – current price $289.10

    ·       Copper will crash if it trades below $287.30 to $283.70 to $274.60 and $268.40.

    ·       Copper needs to trade over $293.00 to be in intraday bullish zone.

     

    Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Websitewww.insigniaconsultants.in. Prepared by Chintan Karnani

    Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

    Insignia Consultants does not have any branches in India.

    Insignia Consultants does not have any marketing agents in any city in India.

    NOTES TO THE ABOVE REPORT

    ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

    Follow us on Twitter @insigniaconsul1

    PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

    PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

    THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

    ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.

    You can also mail your queries at insigniacommodity@gmail.com

    Chat Id: telegram/whatsapp 9311139549

                  (9:30 am to 9:30 pm Indian time, Monday to Saturday) 






    | Digg This Article

     — Published: Friday, 17 July 2020 | E-Mail  | Print  | Source: GoldSeek.com



    Source link

    TradeviewForex入会特典

    Tradeviewforex.infoでは特別にトレード手数料を抑えたアカウントを提供しています。
    ・Xレバレッジ:手数料80%割引(例:1000円→200円)※スプレッド圧縮の形での還元
    ・ILC口座:1ロット当たりの手数料60%オフ(通常500円→300円)

    追加アカウントでの入会の場合は、連絡事項に「212283に乗換を希望」とご記入ください。

    コメントを残す

    メールアドレスが公開されることはありません。 * が付いている欄は必須項目です

    English English Japanese Japanese