Hello everyone!! Today: Gold prices touched the $1990-1991 mark at the beginning of Monday and performed well in an upward trend on the 4-hour chart. Instead of worrying about the Israel-Hamas conflict, the market will now shift its focus to the Federal Reserve's interest rate cuts, with the only question being when and how much. The catalyst for gold's...
At the time of writing, the US Dollar Index (DXY), the value of USD against a basket of global currencies, fluctuated around 106.17 after rebounding from a weekly low of 105.81. US Treasury bond yields remain low, with the 10-year Treasury bond yield at 4.663%, the lowest since October 13. The market is confident that the Federal Reserve (Fed) is nearing the end...
NSE:KARURVYSYA Stock trade nearby breakout level.entry point is atleast 1 day candle close above the price level 128 . target is 135 and 140 and 150 . Stoploss is close below the price level 114 .
USDCAD posted the biggest weekly loss in more than seven months amid broad-based US Dollar weakness and the upbeat performance of WTI crude oil, which is Canada’s biggest export earner. In doing so, the Loonie pair also confirmed a two-month-old rising wedge bearish chart formation. Also strengthening the downside bias are bearish MACD signals and an absence of...
Greetings, beloved companions! Following a prolonged period of lateral movement, AUDUSD has at last regained its upward momentum. This resurgence is attributed to the weakening of the USD, which in turn provides substantial support for this particular currency pair. Having effortlessly surpassed the 0.644 peak, there is potential for it to establish itself as a...
Dear friends, AUDUSD continues to decline after failing to break out of the previous downtrend, and it is currently trading around 0.6345. The 4-hour chart indicates an extended downward trend, suggesting that the price may continue to decrease within the stable trend on the 4-hour timeframe. The next target for this currency pair could be a drop towards the...
Hello Traders! I’ve got my sights set on Reliance for a short-term trading opportunity. Before you dive in, here’s what you need to know: Analysis: On the daily and four-hour time frames, we’ve got an intriguing pullback opportunity that could lead to some upward movement. Caution: Keep in mind, the overall direction of this stock is bearish, so tread...
Samson greets everyone! Similar to yesterday, gold experienced significant fluctuations after the evening news and quickly returned to trading around $1987, with little change compared to the same time yesterday. Gold prices are seeking support from the weak performance of the US dollar and low interest rates on US Treasury bonds as they try to stabilize after...
Hello everyone! Today, gold has seen a slight increase in price as people speculate that the Federal Reserve (Fed) will have a softer monetary policy. As a result, the value of the USD has cooled off a bit. However, the upward momentum of gold has been restrained as the USD continues to rise due to the challenging economic conditions in many countries and the...
Hello everyone! Gold has cooled down after yesterday's news, moving away from the $2000 mark and trading around $1980 at the start of today's session, a decrease of 0.18% throughout the day. Gold declined under pressure from a strong US dollar index, a decrease in crude oil prices, and a slight increase in US Treasury bond yields. Additionally, precious metals...
Hello everyone! Our trading today is still a hot topic of discussion as the sellers and buyers are still locked in a tug-of-war around the 150.00 level. However, it seems that the buyers have a slight advantage, even though the trading volume is expected to decrease today due to the closure of exchanges and banks in Japan for Cultural Day. The round support...
Gold price edges higher after bouncing off 50-EMA as markets brace for the US employment report for October. In doing so, the XAUUSD rises for the second consecutive day but remains on the way to posting the first weekly loss in four. That said, the steady RSI and sluggish MACD suggest a gradual recovery in the metal’s price. The bulls, however, need validation...
Buy Gail at 122-122.7 for Target 1-125.5,Target 2-128.5,Target 3-131.
Hello dear brothers and sisters! The Gold weekend trading has concluded with a complete victory for the bull side as the price reached $2000, in line with market expectations. Overall, Gold maintained a relatively stable upward trend around $1990 - $1970 throughout the week, although there were no significant breakthroughs. The support level of $1980 acted as a...
Hello everyone! The EUR/USD pair has risen by more than 10580 during the early Asian trading session on Thursday. The US dollar (USD) weakened after the Federal Open Market Committee (FOMC) policy meeting, providing some support for the major currency pair. Currently, EUR/USD is trading around 10597, up 0.26% for the day. My perspective is that after reaching...
Dear readers, the EUR USD trading has been unstable and uncertain in the past few days, currently hovering around 1.062 with a slight increase today. However, the recovery of the USD is putting pressure on this currency pair. The Euro is facing a suitable resistance zone around 1.063. What do you think about the potential decline reaching the limit of the price channel?
GBPUSD picks up bids to extend the previous day’s rebound from an eight-month-old ascending support line as the Cable traders await the Bank of England (BoE) monetary policy decision on Thursday. While recovering from the stated support line, the Pound Sterling respects the upward-sloping RSI (14) line and the bullish MACD signals, which in turn suggests the...
Dear friends, Gold is currently narrowing its price range, indicating a significant decline in the near future. However, in my opinion, this adjustment is only temporary as the conflict in the Middle East is considered noteworthy and the current trend of Gold depends on it. This decline could bring Gold back to its support level around $1950. Maintaining a strong...