Gold prices plummeted, dropping 20 USD after just 30 seconds after the US inflation announcement, exceeding market expectations. Inflation in March increased by 0.4%, exceeding the forecast of 0.3%, putting the Federal Reserve (Fed) in a difficult position in making future monetary policy decisions.
Inflation increased 0.4% in March, pushing the annual interest...
Hello traders! The EURUSD exchange rate is currently performing well, not deviating too far from yesterday's attractive position. It seems like we are all in this stable meditation garden, and it may stick with us until the end of the day and beyond. The Bollinger Bands range is back in action, stretching between the resistance level at 1.088 and the support level...
Gold is heading towards its eighth consecutive record-breaking day, showing no signs of slowing down to provide better entry points for the upward trend. The precious metal has few indications that the price increase will be threatened, and the CPI index will be the focus of today's trading.
Looking back at recent days, even the NFP couldn't weaken gold, so it's...
What are people's thoughts on the USDJPY breaking through the 152.00 resistance level?
This currency pair has been hovering just below this resistance level for quite some time now, seemingly trapped in an endless sideways movement.
But just because it hasn't broken out yet doesn't mean it won't. We may just need a little more time for the market to make a...
Hello gold enthusiasts! 🌟 As the US Dollar Index cools, gold's glowing appeal persists, with today's trading keeping the precious metal at an impressive $2,345—a gain of 0.26% on the day.
However, with a series of consecutive price increases, gold faces a wave of profit-taking. Even so, the metal's shine has not dimmed, fueled by three powerful undercurrents...
The price of gold today continues to rise, with gold reaching $2,352.5 in the early hours of the Asian session. However, it later retreated and stabilized around $2,345.
The metal's upward momentum is driven by safe-haven buying amid concerns over conflicts. Meanwhile, the market is awaiting the minutes of the Federal Reserve's policy meeting and inflation data,...
On this eventful Wednesday, the story of GBPUSD continues its recovery streak, gracefully dancing along the 34 and 89 EMA lines. The upward momentum has prominently returned as it approaches the Fibonacci level of 0.618, currently hovering around the 1.267 mark. Short-term wisdom primarily leans towards buying strategies, aiming for a swift victory at the peak of...
National Al has closed above the Box Range
Metal Stocks are in Momentum
It needs to sustain above Prev day's High to show more Recovery
Otherwise it may come back to Prev Range
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For Educational purposes
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UPL is forming Higher Highs formation, Now stuck near 500 mark
If breaks the trendline & holds below support level it may show correction
However if sustains above Resistance level, Upside Recovery may also come
Keep Tracking Charts
*For Educational purposes
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Intraday Stocks to Focus for coming sessions
Concor has formed Inside candle pattern on Daily TF
& consolidating near 920 level
If decisively sustains outside the Range of 950 to 880,
it may likely to show momentum in that direction
Keep Tracking Charts
*For Educational purposes
Learn and Practice Price Action Setups
Intraday Stocks to Focus for coming sessions
Sun Pharma is showing consolidation from past few sessions
Momentum can come if decisively sustains outside the Range 1640 to 1580
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* For Educational purposes
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Bank Nifty showed Recovery in 1st Half,
but witnessed Profit booking in 2nd Half of session
The Index scaled at New All Time Highs & reached near 49000 zone
Any Dips towars 48500, 48000 may look for Buying setup as trend is Positive
Overall Immediate Upside Resistance is Placed near 49000, 200 Range
Tomorrow is important US CPI Inflation Reading
* For...
Nifty opened Gap up today & Made New ATH and
witnessed Profit Booking during the second half of the session
On the downside immediate support is near 22550/22500
Wheras Upside Resistance is placed at 22800
* For Education Purpose
Practice and Learn price action setups
The relentless surge of gold to a new record high in the opening session of April is being driven by predictions of US interest rate cuts and its appeal as a safe haven asset, currently holding steady at around $2,255.
The real driving force behind gold's upward trajectory is the growing belief among investors that the US Federal Reserve will loosen monetary...
Dear friend,
Today, gold ended the trading session with a significant price increase. The precious metal reached a high of around $2330 after touching $2270, gaining $60 in just one day.
You may be wondering why gold is rising so strongly.
In terms of international market information:
Despite better-than-expected US employment data, the global gold price...
Hello everyone, today the price of precious metals has reached a new record high due to the buying activity of central banks in Asia.
A new published report reveals that the People's Bank of China has added 160,000 ounces of gold to its reserves in March. Turkey, India, Kazakhstan, and some Eastern European countries have also been purchasing gold this year,...
Hello everyone! Just as we predicted, GBPUSD has increased after successfully testing the support level at 1.257. Currently, it is trading around the 1.265 level, with strong upward momentum and aiming to immediately conquer the resistance level at 1.266.
The US dollar has slightly depreciated as moderate risk appetite has prolonged the recovery process of this...
The EUR/USD pair experienced a modest increase, reaching around 1.0860 in the early Asian trading session on Tuesday. The decline in the US Dollar (USD) has provided some support for this currency pair, with growing optimism fueled by various technical indicators.
The upward momentum is being observed and strengthened as a new level of support forms, aligning...
