انسٹا فاریکس ٹیم میں لیجنڈ!
لیجنڈ!آپ کو لگتا ہے کہ یہ حیرت انگیز بیانات ہے؟ لیکن ہمیں ایسے شخص کو کیا کہنا چاہئے ، جو 18 سال میں جونیئر ورلڈ شطرنج چیمپئن شپ جیتنے والا پہلا ایشین بن گیا تھا اور 19 میں پہلا ہندوستانی گرینڈ ماسٹر بنا؟ ورلڈ چیمپیئن ٹائٹل کے لئے یہ مشکل آغاز تھا جو وشونااتھ آنند کے لئے تھا ، وہ شخص جو ہمیشہ کے لئے شطرنج کی تاریخ کا حصہ بن گیا تھا۔ انسٹا فاریکس ٹیم میں اب ایک اور لیجنڈ!
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After yesterday's heavy sell-off, gold is recovering slightly today, up about 0.6% to around $4,108 an ounce. Volatility remains unprecedented: within a single session, the metal first plunged 4% and then rebounded — all against the backdrop of reports that another round of US strikes on Iran had ended.
An important development came yesterday: Tehran announced the complete closure of the Strait of Hormuz to all vessels in response to US strikes. If implemented in full, the market would face a fundamentally new situation — not the partial blockade that has lasted four months, but a full cutoff of the waterway that in peacetime carried roughly one-fifth of global oil and LNG shipments. That announcement triggered sharp moves across asset classes.
The paradox for gold remains. The metal is 22% below pre?war levels even though, by classic logic, it should serve as a safe haven. The reason is the same: the war has accelerated inflation, inflation pushes rates up, and higher rates weigh more heavily on a non-yielding metal than geopolitical fear supports it. The US CPI for May, released on Wednesday, reinforced this dynamic: a 4.2% year-on-year increase — the highest since early 2023 — outpacing wage growth.
A technical point important for traders: the recent drop below the 200-day moving average triggered additional algorithmic selling — a level large funds use when making positional decisions. In other words, the selling is driven not by a changed view on the metal but by the need for liquidity.
Silver is up 1% to $63.96. Platinum and palladium are also trading higher.
Technical outlook for gold
Buyers need to reclaim the nearest resistance at $4,127. That would target $4,186, above which further breakthroughs would be rather difficult. The next, more distant target is the $4,249 area. On the downside, bears will try to take control below $4,062. If they succeed, a range breakout would deal a serious blow to bulls and push gold toward a low of $4,008 with a prospect of reaching $3,954.
*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.
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