Here, we have attached the Technical analysis chart for Hindalco, Hindalco is in the range which have drawn in the chart and once it tried to break but unfortunately it couldn't and many SL got hit and so that we have noticed huge sell off then, and the price moving between range continued again .... In the chart we have mentioned support and many important...
Hello everyone!! The price of gold today is mainly flat with not much fluctuation around the $2021 mark. With a visible resistance level at $2035 and positioned below the EMA 34 and 89 lines, the downward trend is still continuing despite signs of cooling down. Regarding news that affects the price of gold, investors are anticipating important economic reports...
Dear friends, currently the price of gold has dropped by about 6 USD after reaching a high of 2031 USD, following a clear downward trend on the chart. This is due to the strengthening of the US dollar, as the Federal Reserve is unlikely to cut interest rates in March. As a result, investing in gold becomes more expensive due to higher interest rates. In addition,...
It is great to meet you all again to discuss today's gold trading strategy! At the beginning of the new week's trading session, gold prices have slightly increased. At the time of writing, the price is trading around $2029, marking a growth of $4 compared to the previous closing. Looking at the prospects for this week, all eyes are focused on the fluctuations of...
Hello dear friends! The price of gold in the global market has increased at the start of trading in the US due to safe-haven demand amid escalating tensions in the Middle East. The weakening US dollar is a supporting factor for the rise in gold prices. The long-term outlook for gold is positive. However, the upward momentum may be delayed as the market is trying...
Hello dear friends! On the last day of this week's trading session, gold experienced a gentle recovery with prices fluctuating around $2030, marking a 0.33% increase for the day. However, it also faced immediate resistance at this level, along with the activity zone of the 34th and 89th EMA. The price may retreat to $2010 if there is end-of-day news supporting...
Dear friends! Currently, gold is trading with a stable recovery above the support level of $2030. At the time of writing, the price is trading at $2047, indicating a significant increase in price at the current time. On the analysis chart: Gold has broken the support level of $2059 and started a downward trend. Therefore, the stronger US dollar and higher US...
Hello dear traders! On Wednesday, Gold experienced a sharp decline, reaching the psychological support level of $2000. However, it quickly corrected and has been lingering around $2022, close to the Fibonacci retracement levels of 0.5-0.618. This indicates that the prospects for this precious metal remain high. However, if it manages to surpass this retracement...
Gold price lacks clear directions after bouncing off the lowest level in five weeks, as well as snapped a two-day losing streak, the previous day. That said, the previous support line stretched from early November guards the immediate upside of the XAUUSD around $2,022. As the RSI (14) line’s recovery joins the impending bulls cross on the MACD to back the...
Hello dear friends! Gold prices continued to decline today, with a drop of $25, bringing it down to $2,001 per ounce. However, the market quickly rebounded to $2,010 at the time of writing. As a result, gold prices have reached their lowest point in over a month during this week's trading session. Strong economic data has reinforced the strength of the US dollar...
Today, gold prices traded near the support level of $2000 in the afternoon in the US, as investors continued to bet on the Federal Reserve cutting interest rates in March. The CME tool shows a 52% probability of this event happening, down from around 70% a few weeks ago. In response to this news, the USD continued to strengthen and acted as a psychological arrow...
Hello smart and wealthy traders! Today, gold continues its downward trend, currently fluctuating around the $2023 mark. This represents a $5 decrease for the day and over $30 decrease since the beginning of the week. This decline is mainly attributed to recent positive news about the USD, which has shaken the confidence of traders, leading to selling of gold to...
Hello Everyone This is an update in neowave counts. Here are the keypoints. ** For Now we were in wave 2 and price was consolidated. ** The price falling from wave-((c)), can be a start of an new wave, well it is jst the price confirmation has to come yet. Expectation is that price should fall below 1973, for this pattern
Nifty Metal index which represents the metal stocks has already given a very good move and in last few months, now as we mentioned and projected it need to retest the lower levels and so that we can see pull back like that so you can plan your trading or investing accordingly ... Disclaimer - views are just for education purpose only, make all your decisions...
Dear friends, currently the price is still in a downward trend, with prices sometimes dropping to $2020 after the market correction. However, gold has quickly rebounded slightly and is trading around $2028 at the moment. Meanwhile, financial investors are focusing their capital on stocks. As a result, there is very little money flowing into precious metals. It is...
Today, we witnessed a change in the price of gold, dropping from $2,054 to $2,028 per ounce on Wednesday morning. This seems to be partially due to comments from officials at the Federal Reserve (Fed), indicating that it will take a while for the United States to reach its 2% inflation target. Meanwhile, the Fed is not rushing to cut interest rates and will only...
The price of gold is trading quite flat, decreasing by nearly 5 USD and hovering around the 2050 USD mark. The market seems to be in a lull after the holiday break for banks. Further price declines could be seen at the triangle support level of 2,049 USD. Additionally, the support level of 2,027 USD on Friday could provide temporary relief for gold buyers. On...