Historic Turning Point: Gold Takes New HighGold has continued to rally, hitting new highs on the back of the Fed’s rate cut, which has weakened the US dollar and lowered bond yields. Gold is currently trading at $2,625.00, up slightly by 0.14%. Markets are expecting another rate cut by the Fed later this year, which continues to support gold prices.
Technically, gold is currently above both the 34-EMA and 89-EMA, indicating a clear bullish bias. Traders should keep an eye on the next resistance level at $2,630. A successful break above this level could pave the way for further gains.
However, if a correction occurs, the key support level to watch is $2,590. A pullback could be an opportunity for investors to buy, especially if the fundamentals remain bullish.
Sell-signals
BANK NIFTY DEC 14 2021.Hi Friends!
If you are looking to make huge profits for nearest expiry on Dec 16 2021.
Then you can SELL the below:
BANK NIFTY 36500 PE.
Currently this is trading at 118. It is going to become zero by Thursday (Dec 16 2021).
Many people made huge profits today and as per my predictions , the market was running same direction and entry and exit strategies where bang on target.
Well done team!
Dear traders kindly follow our signals for maximum profits,
our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data,analysis and proper strategies.
Kindly message us for strategies and analysis.