Monthly Outlook | Gold & Silver | May 2024 | Kunal Shah | Nirmal Bang

Highlights -
👉 There was a significant rally in gold and silver prices in April, followed by a correction. This volatility was driven by geopolitical tensions (Israel-Hamas conflict) and the outcome of the FOMC meeting.
👉 The FOMC meeting indicated data-driven decisions on rate cuts. While quantitative tightening (QT) continues, the pace of bond selling will be reduced, potentially leading to additional liquidity in the market. This could influence future price movements.
👉 The author outlines a potential trading range for gold (₹72,000 - ₹80,000) and silver (₹78,000 - ₹84,000) in the near term. They recommend selling on rallies for both metals. However, for silver, a further downside is considered a non-event, while strong inflation or positive job market data could lead to upside potential.
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[@sunayagarwal2401]

❤

[@gurupreetsingh1246]

Kunal Sir are best ❤❤

[@nirmalbangchannel]

Thank you for your kind comment.

[@rakeshsoni0465]

Sir y yah kya Ho Gaya silver 92000 aur gold 73800 buri tarah fas gaye hain sell mein kya Karen samajh nahin a raha hai aur aapka koi view bhi nahin mila

[@sureshsoni8483]

Thanks kunal sir

[@nirmalbangchannel]

Thank you for your kind comment.

[@vishva90]

❤❤❤❤❤

[@maltibhatt9743]

hello kunal sir

[@amritkakkar9655]

Ceasefire ke baad 60000

[@bilalrana-lk7me]

janab ye video kitni porani hai silver is alreay 26,50 pe hai

[@cricketaemotion699]

Bhai silver mare low 26.020 yesterday

[@bilalrana-lk7me]

@@cricketaemotion699 jee ap ne kaha 28 pe 28 pe to last week tha

[@cricketaemotion699]

@@bilalrana-lk7me inhone kya kaha wo to i don't know but kl Silver made low 26.020 & Gold 2273

[@bilalrana-lk7me]

@@cricketaemotion699 Monday morning silver Kia updates hongi

[@cricketaemotion699]

@@bilalrana-lk7me Range Bound bro 2290 to 2220 SL ke sath trade kro u can make money both Side

[@sureshshah8789]

300dollerdankkapadwado