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Gold Price Today: Sharp Drop Followed by a Sudden SurgeLast night, the global gold price briefly dropped to 2,865 USD/ounce, but it quickly surged back to 2,905 USD/ounce by the morning of February 13, 2025, driven by an increase in demand for safe-haven assets. The initial drop in gold prices was triggered by inflation data from the U.S., with the January 2025 Consumer Price Index (CPI) rising by 0.5%, higher than the expected 0.3%, sparking concerns about the FED's ability to maintain low interest rates. This information dampened expectations of a rate cut, putting pressure on the gold market. However, despite a slight sell-off, concerns about rising inflation and geopolitical tensions continue to fuel strong demand for gold as a safe-haven asset. The recovery in gold prices indicates that investors still trust the value of this precious metal as a hedge against global economic instability. From a technical chart perspective, gold is currently supported by the 2,879 USD/ounce level, setting the stage for a potential upward trend. The next target is to challenge the resistance level of 2,933 USD/ounce. If gold surpasses this level, it could quickly move toward the 2,950 USD/ounce mark. Breaking through the 2,933 USD/ounce resistance would open the door for a stronger rally in the short term, pushing gold toward higher levels and solidifying its position as an essential safe-haven asset in investment portfolios.
OANDA:XAUUSD
by Brigi_ta
ONGC -Turning Upside Down (Picked 60 for 200 / 300)- Careful!Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? April 2024 Stock reached close to 300 & completed all its target as expected in 2020 . Time to be careful ? Why ? Close to Resistance of 314 . Unfolding Bearish Bat with PRZ 88.6% classic zone 300-275 . Stock topped at 287 Stop loss Pattern invalidates above 287 . June 2020 Video Idea ( Short Term Sell & Long Term Pick holding 55-60 for 200+ & 300+) Dec 2020 Follow up - Did you pick this stock for your portfolio Nov 2021 Reaching close to 210 Target
NSE:ONGCShort
by WaveTalks
3
BankNifty - The Last Leg in Bearish Bat 45600 to 47000 Disclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can you hear them? As discussed in the last idea today - 19th jan 2024 during last hour of trading. Index holded 45550-45600 zone rallied upside towards 45700+ We suggested to have patience & buy close to 45600 Strict Stops below 45550 Happy Saturday Trading !!!
NSE:BANKNIFTYLong
by WaveTalks
6
MARUTI Hello and welcome to this analysis Maruti has been a rank outperformer now for 2 decades. Stock has currently reacted to a resistance suggesting probability of some more pullback. Overall stock has tremendous potential for further upside over medium to long term. Investors could look at an opportunity to add via SIP in the broader range 9500-11000 while traders can look for swing trading opportunities with resistance near 10400-500 and support at 9800-9600. Happy Investing
NSE:MARUTI
by Dinesh_C_Nagpal
Bank nifty case studyBank nifty spot cmp 45344 weekly time frame wolf wave + pre assumed harmonic formation Bearish wolf wave formation Index have just touched the resistance line of ascending wedge formation. may be can still give bit higher move of 300-400 points. may be can reverse from current levels it self, bearish divergence on rsi and macd with respect to price. Pre assumption of cypher pattern formation on weekly time frame. Leg c have extended around 1.10% of Leg AB, so as per harmonic can still it extend to levels of 1.13%, but once reversal confirms, the fall will be brutal and unexpected.. Caution ahead for bulls,, Note i am personally short from 18600 levels and might add short at current levels on nifty.. this is not trade recommendation, take it as understanding
NSE:BANKNIFTY
by RUDRA007