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MOLDTKPAC consolidation near trendlineMOLDTKPAC Near trendline breakout RSI Trendline breakout consolidation before breakout. Disclaimer:- This is only for educational purposes. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.
NSE:MOLDTKPACLong
by DrDNA
Gold price rebounds from 50-SMA ahead of Fed inflationGold consolidates weekly loss while posting a corrective bounce from the lowest level in 13 days as traders await the US Core PCE Price Index for June, also known as the Fed’s favorite inflation gauge. In doing so, the precious metal takes a U-turn from the 50-SMA but stays on the way to posting a second consecutive weekly loss after refreshing the all-time high during mid-July. Despite the latest rebound in prices, the commodity’s sustained trading below a month-old rising support line, now resistance near $2,428, joins the bearish MACD signals and steady RSI (14) line to keep the sellers hopeful. However, a clear downside break of the 50-SMA level of $2,359 becomes necessary to recall the bullion sellers. Following that, the 100-SMA level of $2,324 and an upward-sloping support line from early May, near the $2,300 threshold, appear as some of the last defenses of the buyers. It’s worth observing that lows marked in May and June around $2,285 and $2,277 will act as additional downside filters for the metal traders to watch during its declines past $2,300. Meanwhile, the 21-SMA level of $2,388 and the $2,400 threshold guard the immediate upside of the Gold price ahead of the support-turned-resistance line surrounding $2,428. Following that, May’s high of $2,450 and the latest peak surrounding $2,484 could entertain the XAUUSD bulls. However, an upward-sloping trend line resistance from early April, near $2,490 as we write, quickly followed by the $2,500 round figure, appear tough nuts to crack for the bullion buyers. To sum up, Gold is likely to remain pressured within a trading range established since April. However, the trend line breakdown can join upbeat Fed inflation to please short-term sellers.
OANDA:XAUUSD
by MTradingGlobal
CRB Index about to go NorthCRB Index CMP 294 This is a basket of commodities. Very imp Index as its movement is related to the Dollar. If we look at the charts this Index is showing tremendous strength. Now what strength here means is weakness for the dollar in the near future. And weakness for the dollar is good for the emerging mkt equity market. One more very imp point is inflation. Commodity prices rising is also an indication that inflation will go North in the near future. In that scenario reducing interest rates by Fed will further fuel inflation. Hence to me the Fed may not reduce the Interest rates in Sep as is being expected. And this will be positive for the mkt.
TVC:TRJEFFCRBLong
by singh17vivek
CRB Index set to go NorthCRB Index CMP 294 This is a basket of commodities. Very imp Index as its movement is related to the Dollar. If we look at the charts this Index is showing tremendous strength. Now what strength here means is weakness for the dollar in the near future. And weakness for the dollar is good for the emerging mkt equity market. One more very imp point is inflation. Commodity prices rising is also an indication that inflation will go North in the near future. In that scenario reducing interest rates by Fed will further fuel inflation. Hence to me the Fed may not reduce the Interest rates in Sep as is being expected. And this will be positive for the mkt.
TVC:TRJEFFCRBLong
by singh17vivek
Bharat SeatsBharat Seats Cmp = 168 Tgt = 204 Sl = 136 Risk Disclaimer: Investment/Trading in the securities market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equities, Derivatives, Commodity, and Currency can be substantial. These are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You should consult a qualified broker or another financial advisor before making any actual investment or trading decisions. You agree to not make actual stock trades based on comments on the site, nor any techniques presented nor discussed in this site by the author (I) or any other form of information presentation. All information is for educational and informational use only. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and the author (I) will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual users or subscribers. As a condition to accessing content and website, you agree to the author’s Terms and Conditions of Use, available here.
BSE:BHARATSE
by JMDFinancials
XAUUSD SELL LIMIT PROJECTION 07.07.24Probably not, but it may continue to trend upward over the long run, interrupted by pullbacks and bear markets. It’s important to note that gold prices have historically been volatile and have fluctuated quite a bit over time. The price of gold, like any other commodity, is subject to the laws of supply and demand. When the supply of gold is low and demand is high, the price will rise. Conversely, when the supply of gold is high and demand is low, the price will fall. Additionally, other factors like interest rates, inflation, currency value, geopolitical events, and economic conditions can have an impact on gold prices.
OANDA:XAUUSD
by kripsonfx97
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