Gold fell for a sixth straight day to the lowest in almost seven months, as the metal continued to test lower levels following hawkish signaling by the US Federal Reserve (Fed). Treasury yields climbed on Monday after a US government shutdown was averted over the weekend, pushing gold down to the lowest since March. The metal fell 4 per cent last week as a...
Gold could stage a rebound if $1,810 support holds Gold is currently consolidating its losses from the past week and is trading at its lowest level in seven months, below $1,820. Despite this, the overall bullish sentiment surrounding the United States Dollar (USD) remains strong, primarily due to the significant increase in US Treasury bond yields. As a result,...
In the global gold market, the price of gold ended the week with a decrease of 15.9 USD to 1,848.4 USD/ounce. There are three factors that contributed to the decline in gold prices. Firstly, the recovery of the US dollar weakened demand for gold. Secondly, higher US bond yields made them a more attractive investment compared to gold. Lastly, the Federal Reserve's...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (29th Sept-2023) Current price- 1873 "if Price stay below 1984, then next target is 1863 and 1853" -POSSIBILITY-1 If price breaks 1872-1869 area (i.e. Support area ) and stay below 1870 area, we will place Sell order in gold with target of 1864,1854,1842 & stop loss should be...
"Good morning, friends! As of October 03, the global market sentiment is slightly negative (based on the Dow Jones), while our market trend is moderately bullish. It may open neutrally or with a slight gap down. The market structure suggests a ranging market, so it may move accordingly. On the other hand, if it breaks the range, either to the upside or downside,...
"Good morning, friends! As of October 03, the global market sentiment is slightly negative (based on the Dow Jones), while our market trend is moderately bullish. It may open neutrally or with a slight gap down. The market structure suggests a ranging market, so it may move accordingly. On the other hand, if it breaks the range, either to the upside or downside,...
"Good morning, friends! As of October 03, the global market sentiment is slightly negative (based on the Dow Jones), while our market trend is moderately bullish. It may open neutrally or with a slight gap down. The market structure suggests a ranging market, so it may move accordingly. On the other hand, if it breaks the range, either to the upside or downside,...
cmp 492 with sl placed at 460 one can go long in hindalco for 570. keep an eye ready to move up
id/usdt has tapped bullish order block now heading for an up move.this is not a financial advise
During the first trading hours in Asia on Thursday, the NZD/USD pair is still struggling to stay below 0.5900. The US dollar (USD) has gained strength, and the higher interest rates of treasury bonds are providing some support for NZD/USD. Currently, this currency pair is trading at around 0.5928, showing a slight increase of 0.09% for the day. Conversely,...
Long Range : 3389 - 3402 TG : 3429-3457-3484 SL : 3315.00
Still bearish! 1803 & 1792 acts as a next supporting area 1816 is the next immediate support Trade safe
Curious about the current market fluctuations? Join Samson as we delve into the details. At present, gold is experiencing a minor fluctuation following a series of price reductions. The decline has reached over 0.36%, with the current trading value at US $1873. This recent uptick in price marks the end of this week's trading session. Despite this upward trend,...
Let's delve into the Gold market at the beginning of this week, alongside Samson. The opening price for gold today stands at a low $1843, which continues to face unfavorable conditions in the market due to the continuous rise in the USD index, currently surpassing 106 points. The increasing yield on US bonds and global concerns about inflation remain as factors...
Let's delve into the current market conditions. Today, the GBP/USD pair is experiencing a series of discounts that began on September 20th, trading below the 1.2150 mark. The positive economic data from the United States is intensifying the pressure on this particular currency pair. If the pair manages to maintain stability above 1.216, there is a possibility of...
Greetings to everyone. The pair of GBP/USD is currently experiencing a downward trend, with the current trading value at 1,2141. This decline can be attributed to the sudden suspension of interest rate hikes by the British Bank (BoE), while the Federal Reserve (Fed) has indicated a more hawkish stance and hinted at potential future interest rate increases. The...
Hello everyone, this is Samson speaking! GU is currently maintaining a strong position and trading around the price level of 1.222. In addition to that, according to recent information from the US Federal Reserve, inflation remains high in the US and there may be at least one more interest rate hike by the end of this year. Therefore, data will impact...
Hello dear friends! Let's explore the EUR/USD market today. Looking at the technical picture on the 4 -hour time frame we can see that the EU is still downtrend and is currently maintaining at 1,0645. If this pair of money escapes the potential trend of price increase is completely feasible. On the other hand, 1,0630 is considered as a support level right before...