Page 22 - Bullion World Volume 4 Issue 1 January 2024

Bullion World | Volume 4 | Issue 1 | January 2024

"Precious

Metals Outlook:

Unveiling the

Glitter of Gold

and Silver in

2023, Dancing

into 2024!" Sovereign Metals Limited is in the

Mr Venkatraman S business of refining precious metals
Eventell Global Advisory Pvt Ltd. (gold and silver) and supplying
highest and most consistent quality
products and related services and
Mr Venkatraman S solution to customers at their place
In the daily chart prices are holding well above
the broadening rectangle formation, and also well of convenience by leveraging its
Spot Gold prices in the international market traded above the 100 and 200-day moving average cross- competent and customer-focused
in the region of $1804.7 and made a historic high over, signaling overall uptrend is intact. human resources, industry-leading
of $2146.7 per Oz. Currently, as of date (Dec-28- technology infrastructure and
23) gold is traded at $286 per Oz. In percentage MACD (12,26) also hints at further upward bias transparent and globally
terms, so far in 2023, it has gained by 14 per cent. in gold prices, lending credibility to the current compliant-sourcing practices.
technical formation.
Spot gold in Q2 of 2023 made a temporary high of Sovereign Metals Limited would
$2081.8 per Oz and then reversed to test the Feb- The next potential strong resistance is seen at pursue environmentally sustainable
2023 low of $1810.3 per oz, before it resumed its $2140-2150 and then at $2172-2190 per Oz. On manufacturing practices and would
uptrend and eventually touched an all-time high of the lower side, immediate support is seen in the strive to be a world leader in its
$2146.7 per Oz on 04 Dec. region of $2015 and $1972 per Oz. As long as the chosen segment from India.
key support zone of $1930-1910 is not violated, the
overall uptrend in gold will remain intact.

www.sovereignmetals.in

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