The chart shows the support and resistance points in a weekly time frame; Unless and until the price breaks big uptrend channel, Gold is likely to continue the uptrend. 🚀
Gold price action despite showing bullish trend additionally gives mixed signals. The level of INR 171364 will play a major role throughout the whole period until mid March 2024.
Before the end of December 2023 the price might reach the top at INR 187394 and bottom of INR160816. The last week of October will show whether price action proceeds to go up or starts...
Fundamental Analysis:
As we know the world is Struggling on the edge of an other huge economic crash and a big crisis to come, this may lead to manufacturing and production freeze and ultimately may cause the demand collapse and price fall.
Russia has pegged its Currency with gold and literally trades its commodities and energy with gold.
as we know the Westerns...
