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Near-term gains in gold, silver limited amid dollar strength: Bhavik Patel

Gold market once again remained caught in a tug of war between expectations of an improving economy and rising inflation pressures as Joe Biden took office. Hopes of a massive stimulus bolstered the prospects for precious metals. Janet Yellen said that tax cut in 2017 for large corporation should be repelled, helping gold/silver to rally. Gold has resistance around $1,865 and needs to break that level for momentum to take it above $1,900. $1,820-$1,810 is the immediate support and we believe go...
Janet Yellen Joe Biden International Energy Agency Harami Candlestick Bhavik Patel Technical Analyst

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