As we can see that metal and paper sector may lead this Rally.So have eye on this too
World gold prices stand at $1,947, a $10 decrease from yesterday morning. The question now is what will cause gold to break out of the trading range between $1,940 and $1,980, as last week's economic events failed to meet expectations. The recovery of the USD has put pressure on gold. This morning, the US Dollar Index, which measures the fluctuation of the...
Gold prices could remain in neutral territory in the near term, unable to push to $2,000 an ounce as the marketplace sees lackluster bullish sentiment. While gold prices are ending the week in neutral territory, bouncing from a three-month low following the Fed decision, analysts are not expecting to see any significant price action in the near term. Need to get...
Bearish Pattern Alert! 📊 Pattern: Descending Triangle 📌 Symbol/Asset: Coal India 🔍 Description: Stock Bearish If Support Level Breaks & Sustains Below Support 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Silver actionable demand and supply zones are marked in the chart above. Generally price may reject from supply zone and price may bounce back from demand zones. In case price breaks out or breaks down the zones then we may see the strong price momentum on either side. Do your research before placing any trade.
Natural Gas Daily Chart Suggest 10% Upside move LTP 197 SL 188 Target 218 Timeframe -5-6 days
Potential ascending triangle being formed in the commodity. Given the long time on the hourly charts this can take the commodity to the previous months highs. Worth going long with the stops just below the nearest low.
The current global gold price stands at $1,961, a strong increase of $26 compared to yesterday morning. After a sharp decline yesterday, gold has regained its position by rising significantly since last night. This has made experts more optimistic about gold, with forecasts that the precious metal will sustainably rise above $2,000. Recently, experts from the...
BASED on ichimoku theory given upside targets disclaimer - trade @ own risk
Natural gas has formed a reversal pattern on the hourly charts and is now breaking out above the resistance level which can set the stage for a sharp rally in the commodity.
Short silver if manages to close below support region. target or next immediate support of silver is marked in the chart.
Crude oil actionable areas are marked in the chart. Please trade on 15 minute candle closure on either side. if triggers for upside or downside...targets are marked in the chart. As this is expiry today trade with caution and focus on scalping !
Bearish Butterfly In Copper Sell PRZ - 731.25/731.7 SL - 734.1 Target - 728/726.5
Market Reactions to Fed’s “Hawkish Pause” Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases before the year concludes. While the pause was largely...
Copper has just crossed above a key pivot level on the hourly time frame. This levels has been tested on both sides as support and resistance earlier and hence it is an important level. The next level is roughly 2% away, thus it is logocal to think that we can get a rally of roughly 14 point in copper in mcx from here. The mcx copper is at 731 and hence the target...
Gold prices are preparing for another important event - the US Federal Reserve's (Fed) day. The rising yields of US Treasury bonds are causing the US dollar to weaken, allowing gold prices to rise slightly. The US Bureau of Labor Statistics (BLS) reported on Tuesday that the US Consumer Price Index (CPI) increased by only 0.1% in the month, resulting in a sharp...
Copper has just crossed above a key pivot level on the hourly time frame. This levels has been tested on both sides as support and resistance earlier and hence it is an important level. The next level is roughly 2% away, thus it is logocal to think that we can get a rally of roughly 14 point in copper in mcx from here. The mcx copper is at 731 and hence the target...
Gold prices continued to drop significantly this morning, with spot gold falling $13.4 to $1,943 and August futures trading at $1,956, down $14 from the previous day. This decline is due to reevaluation of rate expectations after the Fed's decision last week. The latest inflation report shows a mixed outlook for the US. While the CPI index has dropped to a low of...