fbpx
  Previous   Next
HomeBusinessIs Gold give negative returns in 2021?

Is Gold give negative returns in 2021?

The correction in gold in 2021 has many saying that gold is dead. Personally, i think the last 18 months has been gold waiting for commodities to catch up.

 Gold is only down $86 dollars per ounce this year!!

 2020 close = 1895 Current price= 1809

I don’t think it closes negative in term of yearly return, but for more clarity, you have to wait for December first week update, till now we enter accumulation phase.

When Gold reached 1870, majority of analysts were expecting, it will exceed all time high, that time I told you that unable to close above 1868.95, we are heading towards 1804 exactly and yesterday we hit it.  

What about today’s trading prospect?

Trend dictator: 1807.68

 Resistance: 1821.12-1825.92

Support     : 1792.15-1789.43

Initial support at 1797.41 must hold for bounce towards 1821-25 zone, and this could be short opportunity for 1792-89 zone.

For low risk, wait for either zone meet first, another would be target.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News

India Has Two Major Obstacles In Dealing With China: Jaishankar 

Speaking at the media summit, Mr. Jaishankar said asserted that India has two enormous handicaps in dealing with China including the defeat in the...

Assam CM’s Dig At Rahul Gandhi Says Rahul Gandhi Looks Like Saddam Hussain

Assam chief minister Himanta Biswa Sarma in his latest dig at Rahul Gandhi said that the Congress leader's looks have changed and he looks...

Nearly 75% Twitter Employees Layoffs In A Month, Will Elon Musk’s New Policy Be Able To Assure The Employees

After cutting nearly 75% workforce of Twitter in less than a month since the takeover, Elon Musk is now reported to have kept the...

RELATED NEWS

Keep Your Money Safe, Jeff Bezos Warns Economic Recession

Amazon founder Jeff Bezos recently warned consumers and businesses that they should consider postponing large purchases during the holiday season as an economic recession...

G20 Presidency Is A Proud Occasion For Every Indian: PM Modi

Indonesia President Joko Widodo handed over the G20 Presidency to India at the closing ceremony of the 17th intergovernmental summit in Bali on Wednesday....

Unmanned Trains Will Run Soon In India

Bharat Electronics Ltd (BEL) has signed an agreement with Delhi Metro Rail Corporation Ltd (DMRC) to jointly develop an indigenous communication-based train control system...