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Fundamental Analysis

GOLD - ENTERS COREECTION PHASESymbol - XAUUSD Gold is currently undergoing a corrective phase following approximately six weeks of aggressive upward movement. Price action is forming a consolidation range while continuing to pressure the support zone. The recent record breaking rally became overheated, prompting profit-taking and long liquidation. Additionally, a gradual shift in market sentiment and macroeconomic backdrop is contributing to capital outflows. However, ongoing US–China trade negotiations, the US government shutdown, and heightened geopolitical uncertainty, including the cancellation of Trump’s meeting with President Putin, continue to pose economic risks that could provide underlying support for the precious metal. Overall, the current pullback appears to be a healthy corrective pause within the broader structure. The 4000 level remains a critical support area. A sustained recovery above 4110 would indicate that buyers are interested, though further momentum largely depends on developments surrounding global trade policies. Resistance levels: 4100, 4110, 4163 Support levels: 4058, 4000 A decisive breakdown of the lower boundary of the trading range could trigger a deeper corrective wave. The 4000 level is the primary focus, as strong volatility may occur around this zone. Given the current market conditions - with declines matching the previous intensity of the rally, patience is warranted until momentum stabilizes, enabling more informed technical decisions.
OANDA:XAUUSDShort
by akshit_official
2
XAUUSD - NOV-DEC 2025 TARGET / STRATEGY analysis While BRICS is already dealing to settle payment for Trades in their Local Currency ditching US dollar, Dollar seems to Weaken Further. US Dollar Drops 50% Against Gold Since 2021 | The Jerusalem Post The US dollar has long seemed untouchable, but its fortress is cracking | Fair Observer with coming Christmas Gold can see a little sell off before Gearing UP. TARGET already marked for LONG & short both Note: Keep Trailing once in Profit also ALSWAY look for EMI 20,50 & 100 it works as a good Support/Resistance Folow on X
PEPPERSTONE:XAUUSDLong
by chanakya_Trading
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Cup & Handle Breakout in IFBAGRO BUY TODAY SELL TOMORROW for 5%
NSE:IFBAGRO
by Kapil-Mittal
2
GOLD (XAU/USD): THE FED AND THE FINAL DIP – GET READY TO SHORT1. MACRO SCENARIO: KYA HO RAHA HAI? Pull Factor (For Sellers): The US-China deal framework is good news, reducing those 100% tariff fears. This is putting some halki halki (slight) pressure on Gold. Push Factor (For Buyers): CPI figures are weak (3% inflation), which pakka (surely) means the Fed will cut rates soon. Plus, the Russia-Ukraine jhamela (trouble) is a serious safe-haven booster. The Main Event: The FOMC decision this Wednesday is the baap (father/boss) of all events. This will decide the long-term rasta (path) for Gold. 2. TECHNICAL ANALYSIS: STRUCTURE KA RAAZ (Secret of the Structure) Current Scene: Gold had a solid run, but now it's in a big sydeway correction. The main price trend has been broken, confirming that the immediate sentiment is bearish. Zyada (More) selling pressure is expected. Expected Plan: Gold has likely finished its upward natak (drama) and is ready for the final, sharp dip to complete this correction phase. The Target (Magnet): The critical Value Gap on the Daily chart (around $3,880 – $3,920) is the strongest magnet. Pakka (Definitely), the price is heading here before taking a u-turn. ENTRY WAITING: We might see a small comeback (retest) towards the broken structure area before the big fall starts. Pura dhyan udhar hi rakhna (Keep full attention there only). 3. 💡 TRADING STRATEGY (SHORT SIDE) We are focusing on a SHORT trade for this final correctional wave: Best Entry Zone: $4,080 – $4,100 (Retest of the broken zone). Booking Profit (TP1): $3,970 (Nearest Demand Zone). Booking Profit (TP2): $3,880 (The final target at the major Daily Value Gap). Stop Loss (SL): $4,135 (Above the main Supply Zone, for safety). A Serious Note: Please keep your Stop Loss tight before the FOMC on Wednesday. Mazaak nahi (No joke)! This short could be the last dance before a long-term rally! Where do you think Gold will find asra (shelter/support)? Drop your comments below! #Gold #XAUUSD #FOMC #Trading #TradePlan
OANDA:XAUUSDShort
by Jeremy_NPC
DABUR INDIA – AT A CRUCIAL SUPPORT ZONE1. Company Overview Dabur India Ltd is one of India’s leading FMCG companies with deep roots in Ayurveda and natural healthcare. It operates across Home Care, Personal Care, Healthcare, and Foods, serving both domestic and international markets. The company’s ongoing strategy focuses on rural distribution expansion, premiumisation of products, and margin improvement through operational efficiency and cost control. 2. Technical Analysis On the monthly timeframe, Dabur’s long-term trend shows a strong up-move — from below ₹10 in 2001 to an all-time high of ₹658 in 2021. Since 2021, the ₹658–₹672 zone has acted as a major resistance, while the ₹470–₹490 zone has consistently provided strong support. The same zone, which acted as resistance in 2018, has now turned into a demand zone. Currently, the stock is trading around ₹511, exactly near the support region and showing signs of reversal from the demand zone. Projection & Key Levels: If Q2 FY 2025–26 results come positive, the stock may move toward: 1st Target: ₹550 2nd Target: ₹600 3rd Target: ₹650 However, if this zone fails to sustain, there should be no further expectations, as the maximum swing low lies near ₹430. This gives a clear roadmap for both upside potential and downside risk. 3. Financial & Fundamental Analysis (FY 2024–25) Revenue (FY 2024–25): ₹ 12,563 crore vs ₹ 12,404 crore in FY 2023–24 (+1.3% YoY) Net Profit (FY 2024–25): ₹ 1,740 crore vs ₹ 1,811 crore in FY 2023–24 (–3.9% YoY) Revenue growth remained modest, while profit declined slightly due to margin pressures and cost factors. Q1 FY 2025–26: Reported steady performance with stable volumes and controlled expenses. Q2 FY 2025–26: Yet to be declared — this quarter will be crucial in deciding near-term price direction. Debt Levels: Long-term borrowings have continued to decline, reflecting financial discipline and improved leverage. Valuation: Dabur trades at a moderate premium to the FMCG sector average due to its strong brand portfolio and steady financial track record. 4. Technical Indicators Summary RSI (14): ~63 — showing underlying strength, not overbought. MACD: In buy mode, supporting short-term bullish sentiment. Moving Averages: MA 50 – ₹ 495 MA 100 – ₹ 492 MA 200 – ₹ 510 (currently acting as short-term resistance) Support Zone: ₹ 470 – ₹ 490 Resistance Zone: ₹ 658 – ₹ 672 5. Combined View — Technicals + Fundamentals Technically, the stock is taking support at a strong demand zone with clear upside potential if the next results are favorable. Fundamentally, Dabur remains financially stable with a robust brand base and controlled debt. A positive Q2 FY 2025–26 can act as a catalyst for a rally toward ₹ 550 / ₹ 600 / ₹ 650, whereas a break below ₹ 470 may extend the fall toward ₹430. 6. Conclusion Dabur India stands as a fundamentally strong and technically interesting setup within the FMCG space. The stock is trading near a long-term support zone, offering a good risk–reward setup for investors. If Q2 FY 2025–26 results are strong, the stock may begin a fresh upward leg toward ₹ 650 levels. Conversely, if the stock breaks below ₹ 470, the trend may remain weak toward the ₹ 430 zone. For long-term investors, this zone offers a strategic accumulation opportunity backed by stability, strong distribution, and consistent brand power. Disclaimer: aliceblueonline.com
NSE:DABUR
by Alice Blue
[XAUUSD] New Week Scenario: Accumulation Awaiting Drop New Week Scenario: Accumulation Awaiting Drop - Watch for Selling at Liquidity Zone $4195 Hello traders community, The new week begins with XAUUSD (Gold) being "restrained" in a sideways structure. However, don't let this calm deceive you. Technically, this is an accumulation pattern with a clear bearish bias. The market is in "wait" mode, and patience will be the key to catching the next big wave. 📰 MACRO ANALYSIS: TUG OF WAR AHEAD OF FOMC The market is caught between two opposing streams of information: Bearish Pressure: Positive signs of a US-China trade deal are reducing the demand for safe-haven assets, putting pressure on Gold prices. Bullish Support: The weakening USD due to expectations that the Fed will continue to cut interest rates, inadvertently provides some short-term support for the precious metal. Decisive Factor: Traders are "lying low" waiting for this week's two-day monetary policy meeting (FOMC). This will be the main event, determining the medium-term trend of USD and Gold. 📊 TECHNICAL ANALYSIS: CONTINUATION OF BEARISH STRUCTURE The H1 chart shows a very clear "Sell" scenario: Price Structure: After a strong drop from the peak, the price is moving sideways in an accumulation pattern of a bearish pennant. This is a continuation structure, indicating that the Sellers are "resting" before pushing the price further down. Ideal Sell Zone: The $4195 zone is an extremely strong resistance confluence, marked as "Liquidity strong" on the chart. This is the 0.5 Fibonacci level, the "golden" retracement point of the entire previous decline. This is the old support zone now turned into new resistance. Optimal Scenario: We will wait for the price to pull back to test the $4195 liquidity zone. This is an opportunity for Sellers to enter the market with low risk and high profit potential. 🎯 TRADING PLAN (SELL SETUP) Absolute priority is to Watch for Selling (Sell) in line with the main trend. ENTRY (Sell): $4195 STOP LOSS: $4205 TAKE PROFIT: TP1: $4168-TP2: $4145-TP3: $4122-TP4: $4102 SUMMARY In the context of the market awaiting FOMC news, Gold is likely to make a final "pullback" to the $4195 zone before continuing its downtrend. Be patient and wait for signals at this ideal sell zone. Wishing traders a successful and disciplined new trading week!
OANDA:XAUUSDShort
by LiamTradingFX
XAUUSD GOLD 15 MINTS ANALYSIS BULLISH OUTLOOK XAUUSD (Gold/USD) chart on the 15-minute timeframe, and it shows a clear bullish setup structure. Let’s analyze it step by step: --- 🔍 Chart Pattern Analysis 1. Structure & Zones The chart shows a Support Area highlighted around the 4080–4075 zone. This indicates a strong demand zone where buyers are entering the market. The Resistance Area is marked near the 4095–4100 level, which represents the target zone or profit-taking area. --- 2. Pattern Formation The price movement suggests a bullish flag or consolidation breakout pattern. After a strong upward impulse, gold entered a sideways consolidation within the support area. The breakout from this zone signals continuation of the prior bullish trend. --- 3. Trade Setup (as seen in chart) Entry Zone: Around 4077–4080 Target Zone: Around 4095–4100 Stop-Loss: Below 4070 support area This setup reflects a bullish continuation with a favorable risk–reward ratio. --- 4. Volume Profile Observation Notice higher trading volume near the support zone, confirming buying pressure. As price moves toward resistance, volume slightly reduces, showing controlled profit booking. --- 📈 Conclusion The chart pattern shows a bullish continuation setup on XAUUSD. Gold is expected to move upward from the support area (4077–4080) toward the target zone (4095–4100) if the momentum continues. Outlook: ✅ Bullish Entry: $4080–4077 Target: $4095 Stop-Loss: $4070
OANDA:XAUUSDLong
by lucus_william
XAUUSD: Structure Broken! Can the Fed Rate Cut Save Gold?Gold has just completed its first losing week in 10, after a historic rally. Following the record peak of $4,381.21, Gold experienced a sharp correction driven by profit-taking and easing US-China trade tensions. However, weaker-than-expected US CPI data has strongly reinforced expectations for an upcoming Fed rate cut, creating a significant market conflict. I. MARKET CONTEXT ANALYSIS (H4) Structure: The prior bullish structure has been broken, shifting the bias to bearish in the short term. Liquidity: Market forces are now targeting key stop-loss zones to collect liquidity before the next major move. Strategy: We look to Sell when price pulls back to the Supply Zone (Premium) and Buy when price sweeps liquidity into the strong Demand Zone. II. DETAILED TRADING PLAN 1. SELL Scenario 📉 (At Supply Zones) Trade 1: Entry: $4,202 - $4,204 SL: $4,212 TP: $4,194 / $4,184 / $4,174 / $4,164 Trade 2: Entry: $4,252 - $4,256 SL: $4,272 TP: $4,236 / $4,216 / $4,196 / $4,176 2. BUY Scenario 📈 (At Demand Zones) Trade 1: Entry: $4,158 - $4,161 SL: $4,151 TP: $4,168 / $4,178 / $4,188 / $4,198 Trade 2 (Critical): Entry: $3,966 - $3,969 (Strong Demand Zone, post-liquidity sweep) SL: $3,949 TP: $3,989 / $4,009 / $4,029 / $4,049 III. RISK MANAGEMENT NOTE Capital: Always limit risk to ≤ 1% of capital per trade. Confirmation: Prioritize waiting for reversal confirmation on lower timeframes (M15/M5) to optimize Risk/Reward ratio. This is the decisive moment! Trade safe and good luck! #XAUUSD #Gold #GoldAnalysis #Forex #Trading #Fed #Inflation
OANDA:XAUUSD
by Jeremy_NPC
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in SOUTHBANK BUY TODAY SELL TOMORROW for 5%
NSE:SOUTHBANK
by Kapil-Mittal
2
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in IIFLCAPS BUY TODAY SELL TOMORROW for 5%
NSE:IIFLCAPS
by Kapil-Mittal
4
A market Wrap Up on Fx, Rates, Geo- economic & Geo-PoliticsGlobal Wrap Geo-economics was back on center stage. The U.S. slapped new sanctions on Russia, broke off trade talks with Canada, upped its financial lifeline to Argentina’s President Milei, and geared up for the Trump–Xi meeting — which Trump insists will deliver a deal. (He’s clearly betting on optimism over precedent.) U.S. — Soft Inflation, Fed in Focus September inflation came in cooler than expected, boosting odds of a Fed rate cut on Wednesday. But both core and headline readings still hover a full point above the 2% target. PMIs were upbeat; the University of Michigan survey… not so much. Consumers are clearly not feeling the vibes yet. U.K. — Inflation Cools, Borrowing Heats Up U.K. inflation eased to 3.8%, below forecasts, with wages also softening — pushing yields lower and giving the budget a breather. Still, borrowing for the first half of the fiscal year hit its highest since the pandemic. Less “Great British rebound,” more “Great British recalculation.” China: Slower, but on Target China’s Q3 GDP growth slowed to 4.8%, bringing year-to-date expansion to 5.2% — enough to meet the official goal. Not thrilling, but Beijing will take it. Markets: Gold Stumbles, Oil Shines Equities extended gains, yields stayed calm, and gold finally slipped after nine weeks of rallying. Oil had the opposite mood — both Brent and WTI closed above $60 a barrel as U.S. sanctions tightened on Russian exports. The Week Ahead: All eyes on geo-economics round two: the Trump–Xi summit, Argentina’s elections, and a flurry of central bank decisions. The Fed is expected to trim rates by 25 basis points as job growth cools. Chair Powell’s press conference will be the week’s must-watch — especially with political heat still on the Fed. The ECB is likely to stay on hold, while the Bank of Japan keeps its famously patient stance. Meanwhile, the U.S. government shutdown drags into week four, delaying GDP and inflation data yet again — the statistical version of “please hold, your data is important to us.” Oh BtW, there is the Bank of Canada rate decision too- no mystery there. They will cut another quarter. Asia & Europe — Data Watch China PMIs: Services likely up, manufacturing a tad softer. Eurozone: Q3 GDP and inflation seen hovering near 2%. U.K.: Consumption data to guide the late-November budget. India — Still Strong, Slightly Softer India’s forex reserves rose $4.5 billion to a record $702.3 billion, thanks to valuation gains. The flash composite PMI slipped to 59.9 from 61.0 — the slowest in five months but still solidly expansionary. Services cooled, manufacturing ticked up, exports softened. Markets flirted with record highs before mild profit-taking, as everyone awaits progress in U.S.–India trade talks. Geopolitics — Quiet Resolve and Fiscal Reality China: The Communist Party’s Fourth Plenum reaffirmed the 15th Five-Year Plan and doubled down on tech leadership. Tariffs may sting, but Beijing’s message is clear: “We’re not blinking.” Japan: Sanae Takaichi took office as Prime Minister, promising stimulus — but markets aren’t buying it. With public debt at 236% of GDP, Tokyo may be out of fiscal runway. Appointing two ex-finance ministers suggests “prudence now, promises later.”
NSE:NIFTY
by rajkaz
2
NIFTY50 - VULNERABLE TO 20% CORRECTIONSymbol - NIFTY50 NIFTY50 has been trading within a defined range for the past several months, unable to generate any meaningful trending move due to the absence of strong fundamental or macroeconomic catalysts on either side. Both bullish and bearish drivers have remained largely muted, resulting in a period of indecision and lackluster volatility. While the index itself has shown little directional progress, distribution patterns are increasingly visible across the broader market, which continues to exhibit a consolidation to bearish bias. This suggests that institutional participation may be shifting, and underlying sentiment is weakening despite the Nifty50’s apparent stability. There are several macroeconomic and geopolitical factors that could contribute to a potential correction in global equity markets. Although listing them all would make this analysis excessively long, some of the key concerns include: 1. Rising inflationary pressures driven by US tariffs implemented under Trump’s economic policy. 2. Weak US fiscal policy and growing concerns that the US government could default on its debt obligations. 3. Elevated recession expectations in the United States. 4. Gold and Silver simultaneously hitting historic highs, signaling a clear risk-off sentiment, even as US equity markets trade at record levels. 5. Overvaluation and speculative euphoria in AI and machine learning related stocks, indicating a potential bubble in select sectors. At current levels, valuations appear moderately high, and the 'smart money' or true value buying zones remain significantly lower. Based on these factors, my personal bias leans toward a major correction in the coming months. I anticipate a potential downside of around 20% or more in NIFTY50. This is a positional view, so I am not sharing immediate support or resistance levels. However, the 20-21K zone and below may represent attractive long term accumulation levels for investors once the correction plays out. It’s worth recalling that in my previous outlook last year, when Nifty50 traded near 26000, I projected a 10–15% correction, which materialized shortly after. This time, however, the downside potential could be even deeper - though only time will tell how the broader macro picture unfolds. Disclaimer: This analysis is shared purely for educational purposes and should not be considered trading or investment advice.
NSE:NIFTYShort
by akshit_official
7
EURCAD - APPROACHES KEY LIQUIDITY ZONESymbol - EURCAD EURCAD is currently undergoing a correction towards a key liquidity zone within the context of a broader and well established bullish trend. The question remains - will the bulls step in around the 1.6175 area? EURCAD is retracing toward a strong support zone near 1.6175, contributing to short-term weakness in the pair. Despite this correction, the overall trend remains bullish, and a reaction from buyers in this region appears likely. A false breakout above resistance has triggered the ongoing pullback. However, price action remains confined within the established trading range between 1.6400 & 1.6173. The market now appears to be gravitating toward support for a potential retest, and this zone could serve as a foundation for renewed upward movement. Resistance levels: 1.6330, 1.6400 Support levels: 1.6175, 1.6030 A liquidity pool just below the 1.6200 - 1.6170 area may shift momentum in favor of buyers. Given that the broader structure remains bullish, this presents a potential advantage for long positions. A false breakdown of support, coupled with a lack of downside momentum, could act as a catalyst for renewed growth.
Long
by akshit_official
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in HCG BUY TODAY SELL TOMORROW for 5%
NSE:HCG
by Kapil-Mittal
2
DABUR INDIA – AT A CRUCIAL SUPPORT ZONE1. Company Overview Dabur India Ltd is one of India’s leading FMCG companies with deep roots in Ayurveda and natural healthcare. It operates across Home Care, Personal Care, Healthcare, and Foods, serving both domestic and international markets. The company’s ongoing strategy focuses on rural distribution expansion, premiumisation of products, and margin improvement through operational efficiency and cost control. 2. Technical Analysis On the monthly timeframe , Dabur’s long-term trend shows a strong up-move — from below ₹10 in 2001 to an all-time high of ₹658 in 2021. Since 2021, the ₹658–₹672 zone has acted as a major resistance , while the ₹470–₹490 zone has consistently provided strong support. The same zone, which acted as resistance in 2018 , has now turned into a demand zone. Currently, the stock is trading around ₹511 , exactly near the support region and showing signs of reversal from the demand zone. Projection & Key Levels: If Q2 FY 2025–26 results come positive , the stock may move toward: 1st Target: ₹550 2nd Target: ₹600 3rd Target: ₹650 However, if this zone fails to sustain, there should be no further expectations, as the maximum swing low lies near ₹430. This gives a clear roadmap for both upside potential and downside risk. 3. Financial & Fundamental Analysis (FY 2024–25) Revenue (FY 2024–25): ₹ 12,563 crore vs ₹ 12,404 crore in FY 2023–24 (+1.3% YoY) Net Profit (FY 2024–25): ₹ 1,740 crore vs ₹ 1,811 crore in FY 2023–24 (–3.9% YoY) Revenue growth remained modest, while profit declined slightly due to margin pressures and cost factors. Q1 FY 2025–26: Reported steady performance with stable volumes and controlled expenses. Q2 FY 2025–26: Yet to be declared — this quarter will be crucial in deciding near-term price direction. Debt Levels: Long-term borrowings have continued to decline, reflecting financial discipline and improved leverage. Valuation: Dabur trades at a moderate premium to the FMCG sector average due to its strong brand portfolio and steady financial track record. 4. Technical Indicators Summary RSI (14): ~63 — showing underlying strength, not overbought. MACD: In buy mode, supporting short-term bullish sentiment. Moving Averages: MA 50 – ₹ 495 MA 100 – ₹ 492 MA 200 – ₹ 510 (currently acting as short-term resistance) Support Zone: ₹ 470 – ₹ 490 Resistance Zone: ₹ 658 – ₹ 672 5. Combined View — Technicals + Fundamentals Technically, the stock is taking support at a strong demand zone with clear upside potential if the next results are favorable. Fundamentally, Dabur remains financially stable with a robust brand base and controlled debt. A positive Q2 FY 2025–26 can act as a catalyst for a rally toward ₹ 550 / ₹ 600 / ₹ 650, whereas a break below ₹ 470 may extend the fall toward ₹ 430. 6. Conclusion Dabur India stands as a fundamentally strong and technically interesting setup within the FMCG space. The stock is trading near a long-term support zone, offering a good risk–reward setup for investors. If Q2 FY 2025–26 results are strong, the stock may begin a fresh upward leg toward ₹ 650 levels. Conversely, if the stock breaks below ₹ 470, the trend may remain weak toward the ₹ 430 zone. For long-term investors, this zone offers a strategic accumulation opportunity backed by stability, strong distribution, and consistent brand power.
NSE:DABUR
by Rupesh_Chidharala
1
CHFJPY - TRADING NEAR REVERSAL ZONESymbol - CHFJPY The CHFJPY pair continues to maintain its upward trajectory, supported by fundamental factors. The pair remains within a broad bullish trend, demonstrating strong resilience despite occasional corrective pullbacks. The overall structure remains bullish but the pair is currently trading near local highs, which coincides with a potential reversal zone. After such an extended rally, there are high chances of a pullback or corrective phase before the next directional move. A short-term correction toward support could allow buyers to re-enter at more favorable levels. If the pair fails to gain momentum above the resistance zone 192.50 – 192.75, a retracement toward 191.20 – 190.50 could unfold. Resistance levels: 192.50, 192.75 Support levels: 191.20, 190.50 A breakout and daily close above 192.80 may extend the bullish leg toward 193.50 - 194.00, while a confirmed rejection from the current resistance area could trigger a deeper pullback. Despite possible short-term weakness, the broader trend remains intact, supported by strong fundamentals and ongoing demand for safe-haven assets.
Short
by akshit_official