The price of gold is currently experiencing a gentle recovery after receiving support at the $1965 USD level, and is now trading at $1970 USD at the start of the morning session. In terms of news impacting gold: The new influx of US dollars has caused XAU/USD to drop to $1,956.65 per troy ounce on Tuesday, with the precious metal trading in the red at around...
NSE:BPCL BPCL is in consolidation for 5 years and it's clear structure of wave abcde . Wave abcde always formed in wave 4 only. It seems like wave 4 is completed and BPCL is in wave 5 to complete the wave structure. Minimum Target is 805/-
Gold continues to decline, moving further away from the 2005 USD level since yesterday's trading session. At the time of writing, the price is trading at 1983 USD, providing clear evidence of the downward trend. Forecast: The upward momentum of gold is being hindered by various factors, including loose monetary policies implemented by several countries...
Gold prices fell today in the context of the unexpected increase in the USD Index from 104 points to 105 points. This has given impetus to the USD to appreciate against 6 other major currencies, including the Euro, JPY (Japanese Yen), GBP (British Pound), CAD (Canadian Dollar), SEK (Swedish Krona), and CHF (Swiss Franc). Meanwhile, the 10-year US bond yield...
Gold price remains pressured at the lowest level in two weeks, down for the third consecutive day, as market players await Federal Reserve (Fed) Chairman Jerome Powell’s speech. That said, a downside break of the 100-SMA joins the bearish MACD signals to keep the XAUUSD bears hopeful. However, a bull flag chart formation defends the commodity buyers unless the...
The chart has the key level marked out. 85.70 will be a great level to short the commodity. The trend remains down though we have now reached a support and also the oscillators are oversold which will lead to some mean reversion. So best to wait for the level to be reached on the bounce and then short sell the commodity.
Samson, hello everyone! Last week, we received a lot of significant news, including the Fed's interest rate decision. Despite that, gold has maintained its strong upward momentum, trading around $1985 per ounce in the past week, with a few small touches of $2000. Currently, gold has paused at $1992 and shows no signs of stopping its price rally, indicating its...
Hello everyone!! Today: Gold prices touched the $1990-1991 mark at the beginning of Monday and performed well in an upward trend on the 4-hour chart. Instead of worrying about the Israel-Hamas conflict, the market will now shift its focus to the Federal Reserve's interest rate cuts, with the only question being when and how much. The catalyst for gold's...
Natural Gas important levels to watch are as follows #Support: 282.1 Sell below: 282.1 only on 15 minute candle closure below the level. Target 1: 279.1 Target 2: 276.9 Target 3: 274.2 #Resistance: 287 Buy Above: 287 only on 15 minute candle closure Above the level. Target 1: 290 Target 2: 294.9 Target 3: 301.9 => # Remember each level will act as a...
CrudeOil important levels to watch are as follows #Support: 6830 Sell below: 6830 only on 15 minute candle closure below the level. Target 1: 6760 Target 2: 6700 Target 2: 6650 #Resistance: 6950 Buy Above: 6950 only on 15 minute candle closure Above the level. Target 1: 7030 Target 2: 7130 => # Remember each level will act as a support and resistance...
At the time of writing, the US Dollar Index (DXY), the value of USD against a basket of global currencies, fluctuated around 106.17 after rebounding from a weekly low of 105.81. US Treasury bond yields remain low, with the 10-year Treasury bond yield at 4.663%, the lowest since October 13. The market is confident that the Federal Reserve (Fed) is nearing the end...
Price facing resistance at 2000,currently trading inside high volume range (1970-2000) Best scenario For sell:Price need to trade under daily and weekly Pivot Average Best scenario For Buy: Price need to trade above daily and weekly Pivot Average Overall it is good for buy the dip till 1970 is safe , on breakdown of 1970 price can extend the decline towards...
TREND POSITIVE Consecutive supply Day and Weekly zones above must cross R2
Dear friends, AUDUSD continues to decline after failing to break out of the previous downtrend, and it is currently trading around 0.6345. The 4-hour chart indicates an extended downward trend, suggesting that the price may continue to decrease within the stable trend on the 4-hour timeframe. The next target for this currency pair could be a drop towards the...
Hi every one Usd oil entered into buy zone Usoil resumer uptrend from this 79 leval to 100 usd target So start buying future or option as per your wish but crude strong bounce from here so start buying now
Samson greets everyone! Similar to yesterday, gold experienced significant fluctuations after the evening news and quickly returned to trading around $1987, with little change compared to the same time yesterday. Gold prices are seeking support from the weak performance of the US dollar and low interest rates on US Treasury bonds as they try to stabilize after...
Hello everyone! Today, gold has seen a slight increase in price as people speculate that the Federal Reserve (Fed) will have a softer monetary policy. As a result, the value of the USD has cooled off a bit. However, the upward momentum of gold has been restrained as the USD continues to rise due to the challenging economic conditions in many countries and the...
Yesterday, the D1 gold frame created a spinning candle, it can be seen that the dispute between buyers and sellers is taking place very fiercely. Today there will be very important news about the USD and these nonframe payrolls news will have a very strong impact. big enough to be golden. Yesterday the SPDR fund did not trade and it is possible that they are...