Gold prices were healing early Thursday, holding near their lowest since mid-March set Wednesday at $1,973. The US Dollar (USD) is at a 10-month high against its major peers, tracking persistent strength in US Treasury yields.
⚡️Optimus's point of view
Gold's closest support zone is 1872-1874
The further support zone is 1855-1857
When the near...
Gold hit a 6-1/2-month low on Wednesday as support at $1,900 an ounce since early August collapsed amid continued investment flows from the yellow metal to the dollar and treasuries. silver.
The most active gold futures contract on New York's Comex, gold for December delivery, was steady at $1,890.90 an ounce, down $28.90, or 1.5%. Gold's previous...
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Yesterday witnessed gold continuing to decline from $1875 to $1866 in today's trading session. This is the lowest number in several months. High bond yields and a strong USD continue to weigh on the precious metal.
With the Fed maintaining its trend of tightening interest rates and the unfavorable market conditions for...
Gold prices are recovering from weekly lows of $1,914 ahead of a busy Friday, with preliminary global PMI data releases. The US Dollar (USD) is temporarily breathing heavily even though US Treasury bond yields are setting new multi-year highs.
The 14-day Relative Strength Index (RSI) indicator is just below 50, raising doubts about a recovery in Gold prices.
NSE:BANKNIFTY At a Crossroad.
After a big rally, it has created a Cup and Handle Pattern, which is a Bullish Pattern. The minimum target in that case would be 47000.
But if 43600.35 Support is taken out then a Double Top will form which can take the price down to at least 40000. So, one should trade with caution.
At this crossroad between two opposite bias...
The United States Dollar (USD) has entered a phase of consolidation, with prices reaching near six-month highs compared to its major counterparts. This upward momentum is supported by the recent recovery in US Treasury bond yields and widespread risk aversion sentiment.
Traders, who are risk-averse by nature, have been cautious ahead of the Federal...
NSE:HDFCBANK has created a Bearish Diamond Pattern in the Weekly Chart.
Ideally, the Price should go down once the nearest Support Breaks and retracement happens.
But trading in futures and Options is inherently Risky and one should avoid it.
This analysis is for educational purposes only.
Disclaimer: Stock trading is inherently risky and you agree to...
Currently, the price of gold on the exchange is still performing well and trading steadily around the $1932 mark, which is an increase of approximately $7 compared to the same time yesterday. This indicates that gold continues to remain attractive without losing its appeal.
This week, the FED will announce new monetary policies and provide updated...
NSE:LAURUSLABS had fallen down much in the past. A few weeks back it had engulfed the Down-trend Line, which is a signal for an Up-Trend to start.
A curious U-shaped recovery can be observed in this chart. Overall we have a Trap Zone and the price is consolidating over it, hence my expectation is it should Go Up.
A Long Term Target of 449.05 is quite possible....
NSE:LICHSGFIN in the past was in a severe downtrend but now it has been able to break a Lower High and make a Higher High on the chart. This is a Signal for a change of Trend.
The expectation is price will reach 587 in the near future. This is a Return on Investment of 38.44% approx.
This Stock should be Bought at every Dip and Hold for a Target of...
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NSE:BIOCON after a big fall has been able to create a HH and HL, this is an indication of an Uptrend.
And the price has just reacted from a Trap Zone, hence expecting it to go up to 281 for now, which is approx. 9.44% Return on Investment.
COROMANDEL INTERNATIONAL LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Parallel channel Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1025+.
✅Can Go Long in this stock by placing a stop loss below 960-.
BSE:BANKINDIA After a big downtrend price has been able to break the trendline and create a "U" shaped recovery, and also broke Lower High, this indicates that the price has changed its temporary downtrend and shall go up.
Expecting a Long-Term Target of 216 for now.
Last couple of days NSE:NIFTY has rallied sharply, now today, after Gap Up price has created a Hanging Man candlestick pattern in the Daily Chart. This is a Bearish pattern.
Hence, I think, this should ideally take the price down to 19035 for now. And from there I expect Nifty to achieve another Higher High till 19535.
NSE:DIXON has just broken an important Resistance. The expectation is it will make All Time High.
A Target of 6500 to 7000 can be expected in the long term. This will be approx. 50% Return on Investment.
Hold and Buy on every dip. #investment