Hello everyone, yesterday gold experienced a quite significant recovery. At the beginning of the session, gold traded stably, but near the end of the session, this metal quickly increased and recovered more than 280 pips. Currently, gold temporarily closed at 2332 USD and increased about 1.24% during the day. Accordingly, gold prices increased despite the USD...
Hello everyone! What do you think, where will gold close today? In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300. Looking at the 1-hour chart,...
Hello everyone, today the price of gold continues to trade around the psychological level of 2300 USD. Accordingly, gold was not beyond my prediction when it approached 2300 USD to receive new resources around this support area. After the Fed's above announcement, gold lost its inherent momentum, causing the number of investors buying to decrease...
Hello fellow EURUSD trading lovers! Today, we see EURUSD continuing its downtrend, with the price currently hovering around 1,080. -Market summary: Yesterday's developments: After this news, EURUSD quickly skyrocketed and filled the gap but could not maintain a long-term increase. Technical outlook: Price Pattern: The pair is trading in a narrowing wedge...
Gold prices today continue to face downward pressure, currently trading around $2314, losing 0.45% for the day with a drop of over 100 pips during the early Asian trading session. Despite a strong rally last night that pushed gold close to $2350, the precious metal couldn't maintain its recovery. This was despite the U.S. Dollar weakening after the U.S. released...
Hey everyone, What are your thoughts on EURUSD today? Looking at the 4-hour chart, EURUSD is currently in a recovery phase. The pair is filling the GAP and completing a retracement to the 0.5 - 0.618 Fibonacci levels. As of now, the price is sitting at 1.0759, reflecting a 0.05% increase for the day. It's expected that after completing this retracement, the...
Dear friends! Currently, EUR/USD is flat, staying just below the 1.0750 level during Wednesday's Asian session. With upcoming US CPI data and Federal Reserve policy announcements, it is best to avoid placing new bets on this currency pair until we see how these events play out. They are likely to significantly influence the performance of the US Dollar. If the...
Topic - Gold Long Levels and Zone Tomorrow's movement Prediction of GOLD (Sona Swarna Tola 10gram) GOLD appears to be in downtrend. And this trend seems to be continuing further. Price is below an important level of 71921.6 on charts, and if price remains below this level, then stock might show a fall in short term. Tomorrow's movement Prediction of GOLD (Sona...
Topic - SILVER Neutral Levels and Zone Tomorrow's movement Prediction of Silver (Chandi) SILVER appears to be in uptrend. But this trend seems to be weakening. Price is below an important level of 90778.24 on charts, and if price remains below this level, then stock might show a fall in short term. Tomorrow's movement Prediction of Silver (Chandi) SILVER made a...
Topic - EICHERMOT Long Levels and Zone Tomorrow's movement Prediction of Eicher Motors Limited EICHERMOT appears to be in uptrend. And this trend seems to be continuing further. Price is above an important level of 4735.58 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of Eicher...
Topic - NATURALGAS Long Levels and Zone Tomorrow's movement Prediction of NATURAL GAS NATURALGAS appears to be in uptrend. And this trend seems to be continuing further. Price is above an important level of 231.62 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of NATURAL GAS...
Topic - COALINDIA Neutral Levels and Zone Tomorrow's movement Prediction of Coal India Limited COALINDIA appears to be in uptrend. And this trend seems to be continuing further. Price is above an important level of 479.11 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of Coal India...
Hi everybody, In today's trading session, gold prices increased slightly. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting starting this morning (June 12) could push gold prices down. While demand from bargain hunters has boosted gold prices, gains have been limited by a strong US dollar. Recent positive economic...
Traders! Gold is making new lows and there are a number of reasons for that. Price after Friday's sell-off is returning to the downtrend boundary, which determines our medium-term outlook. So why is gold falling? The market is negatively affected by the strengthening of the dollar, due to positive Nonfarm Payrolls for the US market, which usually shapes the...
The current situation: On June 11, 2024, gold price is trading around the psychological level of 2300 USD/ounce, increasing significantly compared to the previous closing. This increase takes place in the context of weakds of the dollar and the yield of bonds decreases slightly. Impact factors: -Global monetary and economic policy: Investors are expecting...
Fundamentally, gold is under dual pressure from both the US and China, which are noted as two very important fundamental impacts on gold prices. On the one hand, gold prices are under pressure because US macro data boosts market sentiment in favor of the possibility that the Fed will have to keep interest rates high for a longer period of time, which is beneficial...
Topic - Silver Neutral Levels and Zone Tomorrow's movement Prediction of Silver (Chandi) SILVER appears to be in uptrend. But this trend seems to be weakening. Price is below an important level of 91370.02 on charts, and if price remains below this level, then stock might show a fall in short term. Tomorrow's movement Prediction of Silver (Chandi) SILVER made...
Topic - SENSEX Neutral Levels and Zone Tomorrow's movement Prediction of BSE SENSEX SENSEX appears to be in downtrend. But this trend seems to be weakening. Price is above an important level of 31690.52 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of BSE SENSEX SENSEX appears to be...