Hello everyone, what do you think—should we buy or sell gold today? Gold is currently trading around 2,323 USD/ounce, with little movement since the beginning of the day and is continuing its downward trend. This weakness is largely due to tensions in the Middle East showing signs of easing and investors taking profits and reducing leverage in precious metals...
The price approaches a resistance level, we have two potential scenarios: if it breaks through the level convincingly, it could signal a bullish opportunity for a long trade. However, if we observe a rejection candle forming at that resistance, it might indicate a potential reversal and a forthcoming decline in price.
The USDJPY currency pair continued its impressive upward streak, breaking the 152,100 resistance and climbing to a new high of 154,900. This upward momentum is reinforced by strong technical indicators, forecasting an optimistic future. Careful analysis using the Fibonacci tool shows that this trend is not just random but can continue to 163,450, our first take...
Purchase SDBL within the price range of 250-275. Set targets at 300, 340, and 380, adjusting for the split by dividing by 5. If the price surpasses 390, the all-time high target will be adjusted to 440. Hold the investment for 3-4 months, specifically until the peak of summer. -------------------------- Company News:---------------------------------- In a...
On Wednesday, during the first Asian trading session, the GBP/USD pair rose to 1.2450. Optimism from April's US PMI data and increased demand for risk assets have put the US Dollar under selling pressure, which in turn boosted the price of GBPUSD. Later in the day, US Durable Goods Orders and Weekly Mortgage Applications figures will be released. However, from a...
AUDUSD rises to the highest level in a week, up for the third consecutive day, as Australia Inflation numbers for March defend hawkish bias about the Reserve Bank of Australia (RBA) and underpin the Australian Dollar (AUD) strength. However, the overbought RSI could join the 200-SMA hurdle of 0.6535 to cap short-term upside of the Aussie pair. Following that, a...
The FASP for Nifty is listed for 24-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Hello readers, What do you think about gold price developments today? Gold is currently trading at about 2,318 USD/ounce, down slightly by 0.17% compared to yesterday, equivalent to a decrease of nearly 5 USD at this time and is in a downtrend. This precious metal encountered a significant decline after investors took profits, unable to maintain the...
The Japanese Yen (JPY) is currently struggling to capitalize on any gains against the US Dollar, remaining near multi-decade lows. The Bank of Japan (BoJ) is not in a hurry to normalize monetary policy, while the US Federal Reserve (Fed) is forecast to keep interest rates higher for a long time due to persistent inflation. This reduces the appeal of the Japanese...
Hello dear friends! Today, let's explore the latest developments in the gold market. As Tuesday's trading session began, we saw gold prices quickly decline. Currently, the price of this precious metal has decreased by about $26, fluctuating around $2300, which is down 1.08% over the day. This price decline followed after gold reached a peak of 2,400 USD, before...
Hello dear fellow travelers! What are your thoughts on the direction of GBPUSD? Current rumors suggest GBP/USD is moving cautiously, near 1.2350, which is the lowest level since mid-November, when Tuesday's Asian session first began. The USD index is consolidating its position above 106.10, while traders patiently await global PMI data from the US and UK for...
Hi everybody, EUR/USD is approaching a key zone near 1.0650, after a fairly quiet Tuesday when the pair remained largely unchanged, awaiting a series of upcoming economic data. Both the US and the Eurozone are preparing for the release of Purchasing Managers' Index (PMI) figures next Tuesday, while key US figures will be released later. week, amid speculation...
Hello everyone, what do you think about the gold price today? Recently, gold has experienced a significant price drop, from nearly 2400 USD to about 2311 USD, down nearly 65 USD compared to the previous day. So what has led to this sharp decline in gold prices? Global economic news: Before the June monetary policy meeting of the US Federal Reserve, the market...
EURUSD struggles to defend the previous week’s rebound from a yearly low as traders await preliminary readings of the Eurozone and the US PMI data for April. Apart from the pre-data anxiety, sluggish prints of the RSI (14) and the MACD signals also suggest a lack of momentum. Even so, the sellers appear hopeful as the major currency pair stays within a...
Devyani is looking a good candidate for support bounce Logic:-Stock is trading in channel. The price action is impressive but a confirmation is not still visible. The stock has delivered poor results and is available at PE multiple of 138x. Only risky traders should be interested in this.
Hello everyone, it's RKarina again! EUR/USD has turned lower after rising in previous trading sessions, currently stabilizing around 1.0650 during the European session on Monday. The current trend of the pair is bearish, recorded at 1.064, because of increased demand for the US Dollar as a safe haven due to the decline in risk appetite. The market is currently...
Hello everyone, let's explore the price movements of gold in the new week! At the beginning of the trading week, gold quickly adjusted downwards, losing nearly $23 in the first few hours of the Asian trading session. Currently, the price of gold is at $2369 and it is projected that in the short term, this metal may continue to decline after reaching the trendline...
GBPUSD bears take a breather after a two-week downtrend as the quote bounces off the lowest level since mid-November 2023. In doing so, the Pound Sterling takes a U-turn from the 61.8% Fibonacci retracement of its run-up from October 2023 to February 2024, also known as the “Golden Fibonacci Ratio”, while justifying the traders’ consolidation ahead of this week’s...