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Gold price rises as trade war tensions remain elevatedGold continued its upward trend on Friday as the trade war between the U.S. and China escalated and the U.S. jobs report presented mixed signals. XAU/USD is currently trading at $2,862, up 0.24%. U.S. President Donald Trump's statement regarding the plan to impose retaliatory tariffs on several countries next week provided a positive boost to the gold market. Specifically, this escalation in tensions pushed gold prices higher as the precious metal remains seen as a safe-haven asset. With solid support at 2,841, the bullish momentum for gold has been reinforced. If gold surpasses the resistance at 2,880 and conquers the 2,900-dollar mark, the next key resistance will be the psychological level of 2,950, followed by 3,000 dollars. With this positive outlook, investors are expecting gold to maintain its upward trend in the short term. However, if gold fails to hold above the 2,841 support and reverses lower, the next support level will be at 2,800 dollars, where a slight pullback may occur before determining the next direction.
OANDA:XAUUSD
by Brigi_ta
Jubilant Food Breakout📈 Jubilant Foods: On the Verge of a Major Breakout! After nearly 4 years of consolidation (from November 2021 to January 2025), Jubilant Foods is showing strong signs of a potential breakout. The formation of a classic Reverse Head and Shoulders pattern on the charts strengthens this bullish outlook. Additionally, there's been a noticeable decline in public shareholding, indicating potential accumulation by strategic investors or institutions — a factor that often precedes strong market movements. If this breakout materializes, it could unlock significant upside potential. Based on my analysis, I foresee promising returns ahead. What are your thoughts? Have you spotted similar patterns or trends in other stocks recently? Let's discuss!
NSE:JUBLFOODLong
by akashmishra448
2
Monolithic Power Systems Inc. (NASDAQ: MPWR) | Strong Base FormaCurrent Price: $706.46 Target Price Levels: $775 (Gap Fill), $950 (Extended Target) Analysis: Base Formation: The stock has built a solid base near $553, confirming strong support levels. Gap Fill Opportunity: A clean upward breakout signals that the stock may first attempt to fill the gap up to $775. Moving Average Crossover: Bullish signs as the stock trades above key moving averages. Extended Target: A potential move towards $950 as market momentum picks up. Conclusion: With this promising setup, MPWR could deliver impressive gains for investors. Disclaimer: This analysis is for educational purposes only. Conduct your own research before investing.
NASDAQ:MPWRLong
by prasadrana111
Brookfield Asset Management Inc. (NYSE: BAM) | Upward Momentum DCurrent Price: $58.34 Target Price Levels: $62 (Short-term), $70 - $80 - $90 (6 to 12 months) Analysis: Brookfield Asset Management Inc. is showing signs of bullish momentum. The recent consolidation around $58 suggests that the stock is building strength for a potential breakout. Key technical indicators point towards an upward trend continuation: Moving Averages: The stock remains supported by critical moving averages, signaling positive market sentiment. Volume Surge: Increasing buying interest over recent sessions hints at a renewed investor appetite. Price Targets: Short-term target at $62, followed by long-term levels at $70, $80, and potentially $90 over the next 6 to 12 months. Conclusion: If this positive momentum holds, BAM could provide substantial upside for investors seeking growth opportunities. Disclaimer: This is for educational purposes only. Please conduct your own research before investing.
NYSE:BAMLong
by prasadrana111
NIFTY: New high or new low ahead?It looks like NIFTY is in wave 4 currently. If this counting is correct, price should not break below wave 2 (23222 level). Because according to rule, wave 4 will never be parallel or below wave 2. It means price will eventually go in wave 5. Now, as per this counting wave 3 is shorter than wave 1. And rule says wave 3 is never the shortest wave. It means wave 5 will be shorter than wave 3 here. We may assume target of wave 5 as 24034. But if price falls below wave 2, this counting becomes invalid. And price may go in new low.
NSE:NIFTY
by theprofityogi
1