Transcription
Welcome to my YouTube channel. Hello, I am Nireesh Kumar. First of all, thank you to the viewers who have subscribed to the page. Who are sharing the page's videos, liking them, and continuously sending us their opinions in the comment box. Friends, in this video, we will talk about gold and silver. How will the next week be for gold and silver? Last week, we saw a lot of movement. Despite so many ups and downs, gold and silver managed to give a positive closing. But the volatility is so high that any trader gets scared. So, if we look at Friday's data from last week, gold closed with a 2% gain on Friday. This was at the level of 5022 on the CME. I am giving the closing data, around 5022. Actually, the data was around 504045. So, on a weekly basis, gold closed above 1.5%. It closed 1.4% up. Out of the last 10 weeks, it has seen gains in eight weeks. So, gold is continuously in consolidation. Some people felt that if gold fell from here, it would fall very low. But that did not happen. Gold held its ground again. Although there was one day in between. It fell very rapidly. On that day too, there were astrological reasons for it, which we shared in our group, that it seemed gold and silver would fall. And if we look at silver, its settlement on Friday closed at 758 on the ounces. Although if we look at its closing data, you will see it a bit higher. But if we look at the weekly data, despite all the ups and downs, silver closed 1.5% up on the Comex. That is, both gold and silver closed with gains. The good thing about silver was that it had lost last week, but this time it maintained itself a bit. If I talk about the closing basis, it recovered quite a bit on a closing basis. Out of the last 15 weeks, silver has been strong for 11 weeks. So, if we look at the fundamentals for the next week, the first thing is that from February 15th to February 23rd, there will be New Year holidays in China. So, Chinese demand is quite high for gold. It is also quite high for silver. Its impact can be seen next week, and because gold prices get a lot of support from China, or silver prices get a lot of support from China. So, this fundamental reason will be there next week, due to which we will see that gold and silver prices may remain under pressure or remain range-bound. This is one fundamental reason, the China holiday. If we look at further fundamental reasons, then the prices may see a slight upward swing. So, on Friday, when there was a lot of movement, both upwards and downwards. After that, gold consolidated. Gold has been consolidating continuously, and next week, because of the holiday, and on the 16th, February 16th, markets in America and Canada will also be closed. So, our market will be open, or perhaps the London Metal Exchange might be open. Due to Presidents' Day, markets in Canada and America will be closed. Apart from this, if we talk about the data for next week, on Tuesday, the Empire State Manufacturing Survey will be released. This is the Reserve Bank of New Zealand's data. The Monetary Policy decision will come, and on Wednesday, there is the US Durable Goods data, and housing numbers will come on Wednesday, and building permits numbers will come, and minutes of the Federal Reserve meeting regarding January's monetary policy will come from the US. On Thursday, the US weekly jobless claims data will be released, and the Federal Reserve Manufacturing Survey will be released on the same day. Then the US pending home sales data will be released. On Friday, the US advanced Q4 GDP numbers will be released. Core PCE data will be released, and the SLP Flash Manufacturing PMI data will also be released on the same day. So, these will be the economic events next week, on which our eyes will be, and the eyes of the entire market will also be. Of course, ours will be. But the next week is very important from the perspective of astro cycles. Today, as we are shooting this video, it is February 14th. On February 15th, meaning tonight around 9:45 PM, Mars will enter the Dhanishtha Nakshatra. Now, why is Mars so important? Mars entering Dhanishtha Nakshatra is bullish for gold and also bullish for copper. Because Mars is the karaka of copper, and also of gold. It will enter its own nakshatra. This is good. On February 15th at 9:37 PM, Mercury will enter Purva Bhadrapada Nakshatra. This is bearish. This is not good. On February 17th, Mercury and Jupiter will form a 120° axis at 2:59 PM. This axis is also going to bring some volatility. On February 19th, Saturn and Sun will form an axis. This is not very good. If we talk about the Moon, the Moon will be in Aquarius and Pisces this week. If we talk about the nakshatras, on the 16th it will be in Shravana. On the 17th, it will be in Dhanishtha. On the 18th, it will be in Saptamesha. On the 19th, it will be in Purva Bhadrapada. On the 20th, it will be in Uttara Bhadrapada. And what is special happening this week is that the Moon's sign and nakshatra will change at night. So, the night trade can be quite volatile. Next week, there is a solar eclipse on the 17th. On that day, the position should not be there because the time of the solar eclipse, according to Indian time, is between 3:30 PM and around 8:00 PM. But what is going to happen on this day? Venus will conjunct with Rahu at 15 degrees. Venus and Rahu will come to the same degree. And Mercury was with Rahu at 15 degrees. We saw on Thursday when the market fell, Mercury and Rahu came to 1 degree. Now Venus and Rahu will come to 1 degree on the 17th. And the Moon will be in Saptamesha. This is not good for the market. It will come into Saptamesha in the evening. And one more thing is going to happen: Neptune and Saturn will both come to 6 degrees. So, astrologically, if I look at it, the market can shake due to some rumor. Upside swings can be very large. Downside swings can also be very large. So, those who trade, because what is happening now? The movement in gold and silver is so large that there is a movement of 20,000-25,000 in silver, and in gold, we have seen movements of 4000-5000 points very easily. So, a trader can get trapped in such a situation. So, keep an eye on this market. If we keep an eye on the market and trade, then perhaps we can be saved in some way. Otherwise, the 17th does not look like a good day astrologically for the bullion market. Although China will be closed, and after the US holiday, it will open, but the positions being formed there, so many events coming in the astro cycle, I think will definitely bring some movement in the market. Neptune and Saturn coming to the same degree, Venus and Rahu coming to the same degree, a solar eclipse happening, the Moon entering Rahu's nakshatra in the evening. This is not very good for the market. Movements can be very heavy on this day. However, I will bring a video on what is the effect of an eclipse. You will also see on my page what is the performance of gold and silver on the day of the eclipse. So, this video that I have shot is for your information only. You should not make any investment based on this video. If you want to invest, please take the help of your investment advisor. Please give your opinion in the comment box on how you liked this video. If you liked the video, please share it. Please subscribe to the page. With this, please allow me to leave. Goodbye.