Comex & Mcx levels 12th Feb 2019


Gold prices are sustaining on higher levels despite strong US dollar. 15th February is deadline when US govt may shut down once again. Democratic and Republicans are still fighting over terms and deadline for another shut down is set this Friday.

I have very little hope that politicians will reach on any conclusion. We will see another shutdown and if it happens then we may see good correction in Dow Jones and Dollar Index might slump as well.

This will be beneficial to gold price and we may see finally gold going above 1325$ next week. That is still a hypothetical situation and we will need to see if govt shut down finally occur. For Gold and Silver today’s support and resistance. Please watch video attached below.

Posted in: Gold Silver Updates

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