NSE:ABFRL was in a steep downtrend in the past. It can be observed from the Candlestick Chart that this Down Trend line has already been engulfed and the price has retested it. Currently, the Price has been able to break a Lower High and started creating Higher Highs and Higher Lows on the chart, which is a signal of the beginning of an Up-trend. The price has...
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.
🌷US Dollar, Treasury Yields, Israel, Federal Reserve, GVZ Index - Talking Points - Gold prices appear to be comfortably above the USD level during Wednesday's trading session - Treasury yields after hitting new highs again but gold seems unaffected by that - The US dollar has been volatile despite global instability. Will XAUUSD continue to rise? 🌷World gold...
Hello ladies and gentlemen 👻Gold continues to rise as predicted currently trading at 1882 USD. The main reason is that last night's news made the USD cool down, causing them to return to a defensive level. A little technical analysis 👻Gold is being challenged near the 1888 USD area (resistance level). It is likely that after achieving a good increase, Gold will...
Dear ladies and gentlemen The uptrend of GBPUSD is becoming increasingly clear. Waiting for the 1.22700 zone we can make a Scalping signal. GBP/USD holds above 1.2300 ahead of UK economic data. Currently, it does not have a major impact on GBP fluctuations. Tonight's US CPI data is likely to make GBP continue to rise and break the above resistance.
World gold price stood at 1,950 USD/ounce, a sharp increase of 18 USD/ounce compared to last week's closing session. After hitting a 7-month low and experiencing a series of 9 consecutive days of decline, gold prices have begun to recover since last week's session. It is predicted that gold prices will decrease this week. However, the precious metal appears to...
The price of gold is currently trading quietly, with little movement and continuing to trend sideways. It is expected that the price remains unchanged from the start of today's trading session. The USD and bond yields continue to pose a threat to gold, as any attempts to increase its price are being suppressed. However, today's trading session appears to be...
Important resistance: 1929-1931, 1945-1947 Important support: 1912-1910, 1902-1900 Fundamental analysis: Since the most recent monetary policy meeting, the US Federal Reserve's (Fed) strong policy stance that interest rates will stay "higher for longer" continues to damage gold as prices hold. near the lowest level since March. Yesterday, Gold had a time...
⚡️Market news 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...
⚡️Market news 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...
Let's explore the market today with Ad! 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. On...
⚡️Market news 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...
⚡️Market news 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...
In NSE:DHANBANK price has just broken a Lower high, which is a signal of up-Trend. Hence expecting a Target between 10% to 25% in this chart
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NSE:CROMPTON This stock has broken a Downtrend Line and standing at a Zone, hence expecting it to go up and give at least 2:1 RR.