Gold prices ended five straight days of decline, trading higher at around $1,920, up 0.20% in Thursday's Asian session. However, precious metals are facing downward pressure as traders consider the possibility that the US Federal Reserve (Fed) will increase interest rates by 25 basis points (bps) until the end of 2023. . Hawkish sentiment surrounding the Fed's...
Gold prices traded around $1,920 per troy ounce in the first hours of trading during Monday's Asian session. The precious metal managed to hold on to its previous weekly close, receiving some support from the weakening US Dollar (USD). The US Dollar Index (DXY), which measures the Greenback's performance against six major currencies, is currently trading around...
Gold yesterday opened the weekly trading session with an upward trend from 1916 to 1930 when the USD experienced declines and corrections after the Bank of Japan's move caused the market to increase expectations for the future. The Yen negative interest rate period will soon end. The US Dollar Index (DXY) fell to around 104.60, trying to offset losses thanks to...
Gold prices tried to make up for the previous day's losses, trading around $1,910 per troy ounce higher in the early trading hours of Wednesday's Asian session. This currency pair is trending up due to the decrease in the value of the US Dollar (USD). However, gold prices face challenges as the market is cautious ahead of the release of US inflation data,...
BUY - IRCTC CMP - Rs. 610 Target - 1: Rs. 720 Target - 2: Rs. 910 Target - 3: Rs. 1120 . . Technicals - 1) Bullish Flag Breakout . . Fundamentals - 1) IRCTC operates through five segments: Catering, Railneer, Tourism & Train Operation, State Teertha, and Internet Ticketing. It offers mobile catering services and other catering services, tourism products and...
BUY - JAI BALAJI IND CMP - Rs. 80 Target - 1: Rs. 135 Target - 2: Rs. 210 . . Technicals - Bullish Triangle BO . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
Gold prices attracted renewed buying pressure on the first day of a new week and continued to rally above $1,945 during the Asian session. . The mixed monthly jobs report from the United States (US) on Friday ensures that the Federal Reserve (Fed) will keep interest rates unchanged at its September policy meeting, so this is considered is beneficial for Gold...
BUY - RUDRA GLOBAL INFRA PRODUCTS LIMITED CMP - Rs. 82 Target - 1: Rs. 110 Target - 2: Rs. 170 Target - 3: Rs. 210 . . Technicals - Inverted Head and Shoulders Pattern . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
BUY - PNB CMP - Rs. 51 Target - 1: Rs. 60 Target - 2: Rs. 68 Target - 3: Rs. 89 . . Technicals - Bullish Flag BO . This is just a view by an expert analyst, please trade at your own risk. . Follow me for more!
Gold prices attracted new sellers after the Asian session jumped to the $1,944 region on Friday and hit a new daily low in the past hour, albeit to no avail. XAU/USD is currently trading just below $1,940, virtually unchanged today, as traders patiently await closely watched monthly jobs details from the United States (US) ahead when betting in new...
Gold prices traded with a negative bias for the second consecutive day on Tuesday, although lacking continuation and remaining within the familiar range maintained over the past week or so. XAU/USD is currently placed just below $1,940, down less than 0.10% on the day and pressured by a combination of factors. Despite signs that labor market conditions in the...
BUY - KOTHARI PETROCHEMICALS CMP - Rs. 65 Target - 1: Rs. 95 Target - 2: Rs. 115 . . Technicals - Bullish Navarro 200 Harmonic Pattern . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
BUY - NIPPON LIFE INDIA ASSET MANAGEMENT LTD CMP - Rs. 250 Target - 1: Rs. 320 Target - 2: Rs. 370 . . Technicals - Descending Channel BO . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
Gold prices extended their recovery for the third consecutive session and touched $1,950 on Wednesday. This daily increase is due to increased open interest and it suggests that additional profits will emerge in the near future. However, the next important target for the precious metal is the high of USD/troy ounce in July 1987 (July 20). Our Technical Confluence...
TCS Key highlights: 💡⚡ ✅On 1Day Time Frame Stock Showing Breakout. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement Above the Breakout of 3434.35. ✅Can Go short in this stock by placing a stop loss below 3326.40.
Date : 17-Aug-2023 Rating : Buy LTP : Rs. 659.65 Target: Rs. 678-->706-->724 SL : 645 NSE:LICI has given a break out from its primary down trend as well as from its resistance level of 650 with increased volume. 7/13/26 DEMA is showing bullish trend. MACD cross over is already done and RSI is showing strength to support bull run. Disclaimer : I am not a...
Gold (XAU/USD) lacks bullish momentum at three-week highs, hovering in the $1,937-38 range by year-end, as traders look for more clues to confirm the dovish trend of gold. The United States Federal Reserve (Fed) globally. Upbeat US data earlier in the day. Also challenging XAU/USD gains are mixed concerns about US-China relations and sluggish US Treasury...
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...