NeerajPandey

NeerajPandey

At the time of writing, gold was holding on above $1,800 an ounce with August Comex gold futures trading at $1,808.30, up 0.25% on the day. After a brief dip below $1800 an ounce on Thursday, the yellow metal has once again bounced back up and is now targeting the 2011 record-highs in USD-terms. The COVID-19 pandemic continues to devastate the global economy. The...

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NeerajPandey

Gold prices are slightly lower today as risk appetite of trader and investor has been increased due to the significant gains we have witnessed in the global equity market and in crude oil prices today. The precious metal sector has also been pressured as reports came out that Major countries in Europe and North America are beginning to open up their local...

NeerajPandey

we are repeating the yesterday analysis as there is not much to report today besides some interesting report- 1-we witnessed sudden resignation of RBI Governor Urjit Patel and the shocking state assembly election results due to which we saw sharp losses in the afternoon session in Indian share markets-Indian Ruppe also made a huge downswing against u.s...

NeerajPandey

AT The time of publishing this analysis gold is trading at around $1243-slightly higher than our entry price which is at-$1240 while white metal is trading around 14.500-(our entry price)-we are starting this analysis with the latest news coming from world's second-largest economy-china which economy is growing at a very slow pace as there total exports hit 32...

NeerajPandey Updated 

At the moment of publishing this report gold is trading at around $1230 while white metal is trading at $14.38, from weeks we were informing you that U.S-China trade-war would impact the precious metal prices either in a positive or negative way and as the agreement reached between the two countries to a temporary halt,hence we have witnessed a correction in the...

NeerajPandey

Analysis-6th Dec 2018 The report suggests that Russia and Saudi Arabia is planning to extend the production of oil cuts-however Saudi Arabia seems not to agree with this and may not cut the production of oil yet- Gold is trading at around $1236 while white metal made a steep decline and at the moment trading at 14.38 which implies that our position in white...

NeerajPandey

At the time of publishing this report gold is trading at around $1234 while white metal is trading at $14.45-Please note-Our three positions are active in gold and silver yesterday we have witnessed moderate rally in gold and silver prices to reach almost there monthly highs as world stock market, Asian market and U.S Stock market had a major sell-off, hence safe...

NeerajPandey

Update -we are moving our stop loss in gold@1246,at the same time we are opening one more short term position in gold which would be highly profitable if all the factors wil remain in place as they are right now which confirm our short bias as our outlook remains very bearish for gold and silver-however these short term price correction is part of the cycle(Please...

NeerajPandey Updated 

At the time of publishing this report gold is trading at around $1220(our entry price) whereas white metal is Trading lower at $14.16 which implies that our position in silver is already running in profits and we believe it' going to hit the target very soon along with the sharp downside fall in yellow metal prices. we witnessed a sharp downside fall in silver...

NeerajPandey

At the time of publishing this report gold is trading at around $1226 whereas white metal is hovering around 14.30-35.The market is still trying to digest the Fed chairman powell's dowish speech on monetary policy-Powell told the Economic Club of New York Wednesday that “interest rates are still low by historical standards, and they remain just below the broad...

NeerajPandey

Gold and silver made a volatile upward move as the dollar dips after dovish comments from fed chairman powell,Powell told the Economic Club of New York Wednesday that “interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy.”The dollar index falls by around...

NeerajPandey

At the time of writing this report gold -0.72% prices are down and trading at around $1214 and silver -0.28% prices are sharply lower trading at $14.12 which implies that our short-term position is going quite well in white and yellow metal-as we witnessed when the U.S Dollar index jumped to it's daily high so as the P.Ms started to decline, another factor which...

NeerajPandey

In Today's analysis we would like to cover consequential fundamentals and technicals which can affect gold and silver prices in both short-term and long-term lets start the update with gold prices-At the time of writing this report gold prices are down and trading at around $1223 and silver prices are sharply lower trading at $14.22 which implies that our...

NeerajPandey Updated 

At the moment of writing this update our full 250% net short positions in gold, silver and mining stocks are well justified from the risk and reward perspective. Very little happened yesterday iin case of gold and silver, yet mining stocks declined, in this way invalidating Friday's daily strength. In our past analysis, we clarified that similarly as one swallow...

NeerajPandey

At the moment of writing this update our full 250% net short positions in gold,silver and mining stocks are well justified from the risk and reward perspective. when gold takes off or plunges in terms of the U.S. dollar, everybody knows about it. At the point when silver does likewise, most financial specialists are additionally focusing. In any case, when we...

NeerajPandey

At the moment of writing this update our full 250% net short positions in gold 0.35% , silver 0.21% and mining stocks are well justified from the risk and reward perspective. We are moving the stop-loss orders lower, which implies that we are viably securing more benefits, while all the while giving them a chance to grow them further.we are locking substantial...

NeerajPandey

At the moment of writing this update our full 250% net short positions in gold , silver and mining stocks are well justified from the risk and reward perspective. We didn't witness any low in the USD Index yesterday, yet we saw another weekly low with closing prices. The PMs responded by moving higher, yet the move was not extreme. In addition, the two metals...

NeerajPandey

At the moment of writing this update our full 250% net short positions in gold -0.86% -0.46% -1.65% , silver -1.14% 0.07% -0.53% and mining stocks are well justified from the risk and reward perspective. Update-We are expecting a reversal today based on apex based triangle and we think that the pause within a decline is likely to be over, proper analysis will be...