Key Levels:
Support: 1900 CL
Resistance: 2000 2100 2300 25000
Technicals:
Support and Resistance Levels:
Support: Key support is identified at 1900 INR, providing a strong base for potential reversals.
Resistance: Notable resistance levels are observed at 2000 INR, 2100 INR, 2300 INR, and 2500 INR.
The current price trend indicates stability, with potential...
Gold continues to accumulate and is currently trading at $2016. Predictions that the Fed has completed interest rate hikes and will begin loosening policies in 2024 remain supportive.
Breaking free from the previous resistance zone has caused gold prices to rise impressively. A short-term upward trend has been established. It is expected to continue to rise with...
The price of gold is currently consolidating with little volatility since the previous trading session, hovering around $2017 and $2009. The weakening of the US dollar and expectations of the US ending interest rate hikes have boosted strong demand for gold.
Currently, the US dollar has decreased by 0.1% and remained at a two-month low recorded last week, making...
At the start of the session, the price of gold surged to $2017 USD, which was 150 pips higher compared to the previous week's trading session. Currently, gold has cooled down and is trading around $2012 USD.
Due to the lack of new support in the market, speculative interest in gold positions in the United States is showing signs of narrowing. Additionally, gold...
Samson, hello everyone!
XAUUSD is still maintaining stability around the $1992 level, with little change compared to yesterday's trading session. Currently, we do not expect to see significant price increases for the remainder of the week as most traders are focused on this holiday and the "Black Friday" shopping event.
As a result, the market is in a...
Currently, USDJPY continues to move sideways around the 34 and 89 EMA lines without any new fluctuations, providing support for the current trend.
In the context of Japan not releasing any significant economic data this week, the USD/JPY pair still relies on the price movements of the USD. However, the USD is still facing downward pressure, opening up a new...
Currently, EURUSD is maintaining an upward trend in the early trading hours of the new week, at the level of 1.094. The price is currently directly facing the resistance level of 1.095.
It can be argued that business activity in the private sector in the United States is predicted to slow down in November. In the event of disappointing PMI results, the US Dollar...
The GBPUSD continues to trade with a slight price increase. Currently, the currency pair is still performing well within an upward price channel, and the 34 and 89 EMA lines are stable around the 1.259 area.
The price is being supported by a weaker US dollar and strong PMI data from the UK, which was released last Thursday. Thin trading conditions may amplify...
TATA COFFEE 2023
Simply pointing some point to study the TATA COFFEE chart.
1. Simply in a uptrend zone.
2. Forming rectangle
3. Above 50 EMA.
4. Q2 result is good
5. bullish for long.
6. Risks & Rewards (2:1)
Conclusion:
My analysis shows potential strong bullish run.
I am not a sebi registered analyst. My studies are for education purposes only.
At the end of Friday's trading session, EURUSD pushed prices higher, but quickly retreated when faced with strong resistance at 1.095.
Currently, attention is shifting to next week's data, including inflation in the Eurozone and core PCE in the United States, to provide new momentum for this currency pair.
From the daily chart, we can see that the price is...
During the morning trading session, gold experienced significant volatility, reaching a peak of $2017 at one point. Currently, the price of gold has cooled off slightly, trading around $2010 at the moment.
EMA 34 and 89: are acting as catalysts for gold, although the daily increase is driven by the decrease in open interest rates, indicating a potential...
Gold continues to rise strongly, pushing its recovery rate to $2002, an increase of 100 pips compared to yesterday's trading session.
The surge in gold prices is attributed to the weakening of the US dollar, as everyone believes that the Federal Reserve has completed its interest rate hike.
Currently, gold has entered a waiting mode as investors await new clues...
Adanient - in the bigger timeframe in the range which you can see in the chart..
however it bounce from support mentioned the chart..
FOr more you can watch analysis on our youtube channel
GBPUSD seesaws at the highest level in 12 weeks, printing mild intraday gains during a four-day uptrend, amid early Tuesday. In doing so, the Cable buyers jostle with a one-month-old bullish channel’s top line amid an overbought RSI (14) line. As a result, the quote’s pullback appears imminent. However, an ascending trend line from early November, close to 1.2560...
Driven by the weaker US dollar, GBP/USD continues to hold steady above the 1.2600 level and trades at its highest point in two months. It reached a peak at 1.2645 before retreating and seeking support at 1.2600. At the time of writing, the price is trading at 1.2639 and remains stable on the 4-hour timeframe.
The market is experiencing a decline, evident by its...
Currently, the EUR/USD pair is trading below the resistance level of 1.0980 and reaching its highest level in months around the 1.0960 area. The catalyst behind this positive momentum is the vulnerability of the USD in contrast to the strengthening Euro after Lagarde's hawkish comments.
The analysis chart indicates that a price channel has been established,...
As predicted yesterday, USDJPY broke out of its previous range and declined due to the lower USD and US Treasury bond yields. At the time of writing, the price is trading at 148.21, down 0.12% for the day.
The market is experiencing a decline, evidenced by its position below the two EMA lines. I anticipate further downward movement. It may bounce back from 148.00...
