Gold (XAU/USD) prices defended the previous weekly recovery, for the first time in five weeks, as it rallied for the second day in a row amid broad-based US Dollar weakness. Also, the strength for the XAU/USD rally is cautious optimism in the market, as well as falling Treasury yields. It is worth noting that the US Dollar Index (DXY) encourages reliance on Fed...
Gold prices traded near $1,915 per troy ounce during the Asian session on Monday, extending last week's gains. The recent drop in the US Treasury bond yields (US) helped push the yellow metal to recover. Additionally, moderate US economic data released last week along with mixed statements from major central bank officials at the Jackson Hole Symposium,...
#ATULAUTO trading above Resistance of 419 Next Resistance is at 490 Support is at 347 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose...
Elliott Wave Analysis 1) Impulse Wave:- there is a chance of 3rd major wave ending and the 4th impulse wave is taking place. after a fall we can accumulate. 2). Corrective Wave:- (complex correction) A correction wave had completed and now the connecting wave X is forming may be the next wave can be a formation of Y or a complex correction.
Gold (XAU/USD) is marking an unimpressive start to the week trading around $1,890, after having fallen for the past four weeks in a row. With that said, Gold prices are filling the gap at their lowest levels since March while struggling to gain traction amid the market's cautious mood ahead of this week's top data/events. However, a stronger US Dollar will put...
Gold prices edged up slightly higher and attempted to continue their gains on Tuesday. XAU/USD hovers around $1,900/troy ounce during the Asian session on Wednesday, having found signs of recovery after 4 consecutive weeks of default losses despite a firmer US Dollar (USD). However, growing risk aversion and concerns about the Chinese economy are weighing on Gold...
#ENGINERSIN trading above Resistance of 127 Next Resistance is at 157 Support is at 86 Here is previous chart: Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
NSE:JUBLINGREA Stock has breakout of 10 months downtrend. Now we can expect it to explode upward. entry point is 457 rupees. target 470 rupees and 495 rupees. stoploss below 395 rupees.
It sector now at Break out zone. If close or sustain above 31500 then min. 5 to20% up side seen. So grabe the Opportunity. Disclaimer:- It's My personal view, before taken any decision plz take your Financial advisor help.
A clear breakout has been seen in Poly medicure. But as we can see it's already given 15 % move within two trading days. So, we have to wait and see if it is sustaining above the resistance level, if it does then we are ready to go. Fundamentals Analys. If we talk about the fundamentals, this stock has covered good profit growth of 20.5% CAGR over last 5...
Dark Cloud Cover is a bearish reversal candlestick pattern where a down candle (typically black or red) opens above the close of the prior up candle (typically white or green), and then closes below the midpoint of the up candle. The pattern is significant as it shows a shift in the momentum from the upside to the downside. The pattern is created by an up candle...
Gold prices (XAU/USD) fell to fresh five-month lows before stabilizing around $1,890 as market participants looked for more clues to extending the previous downturn, supported by recent downturns. hawkish Federal Reserve (Fed) concerns and risk aversion. That said, fears of a recession in China and weaker growth numbers in advanced economies coupled with firmer US...
#REPRO trading above Resistance of 828 Next Resistance is at 1016 Support is at 623 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only....
#HBLPOWER trading above Resistance of 185 Next Resistance is at 252 Support is at 118 Here are previous charts: Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
Gold yesterday had a bearish day setting a new 1903 low as the greenback continued to strengthen. Positive economic data last Friday boosted USD demand. These numbers raise concerns that the Federal Reserve could still raise interest rates further at its next meeting in September, even as markets still widely expect the Fed to end its bull run. interest...
On August 14, the world's third largest economy, Japan, announced GDP growth in the second quarter of 2023, with an impressive increase of 6% compared to the same period last year, much higher than the expected level. previously reported is 3.7% and forecast is 3.1%. Along with positive economic information, the USD continued to strengthen. Specifically, the...
U.S. retail sales data released on Tuesday showed consumer spending remained strong in the country, potentially indicating more inflationary pressures in the coming months. Investors mostly favor the dollar and Treasuries as a safer haven than gold, as risk appetite worsens amid worsening economic conditions across most globally, especially in China. The...
15 minutes ago Open interest in gold futures markets extended the uptrend for another session on Tuesday, this time by around 3.4K contracts according to preliminary data from CME Group. At the same time, volume increased by nearly 45,000 contracts after two consecutive daily declines. Gold prices extended the pessimism in the first half of the week amid...