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CPI news today will be very excitingGold 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, expected to be released later in the North American trading session. The US consumer price index (CPI) is expected to increase 0.5% month-on-month, up from 0.2% the previous month. Meanwhile, core CPI, which excludes food and energy price fluctuations, is expected to steady at 0.2%
TVC:GOLD
by Rancy-SuperTrend
1
IRCTC - 82% RETURNS!!!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 services, and packaged drinking water under the Rail Neer name. Additionally, it offers train ticket booking and travel insurance services, as well as operates irctctourism.com, a tourism portal. 2) IRCTC's financial track record, the company is of good quality with a fair valuation. 3) The company's current market capitalization is ₹48,288 Cr., with a 52-week high of ₹777.7 and a 52-week low of ₹557. 4) The latest PE ratio of IRCTC is 51.32 and the latest PB ratio is 19.37. The company's TTM revenue/sales are ₹3,267 cr. . . This is just a view, please trade at your own risk. . . Follow me for more!
NSE:IRCTCLong
by nilakshgupta
3
Still no breakthrough in the new weekGold 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 prices, but not favorable. In fact, NFP headlines show the US economy added 187,000 jobs in August, well above market expectations. However, last month's figure was revised down from 187K to 157K. In addition, the unemployment rate increased to 3.8% from 3.5% in July and Average Hourly Earnings decreased to 4.3% YoY from 4.4%. The data showed that the labor market slowed slightly and left the Fed with less room to continue raising rates.
OANDA:XAUUSD
by Rancy-SuperTrend
Forecast for Non-FarmGold 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 directions. The widely known Nonfarm Payrolls (NFP) report will be released during the first North American session and will influence expectations about the Federal Reserve's (Fed) next policy move. . This, in turn, will determine the short-term volatility of the US Dollar (USD) and provide a meaningful boost to Gold prices. Meanwhile, uncertainty over the Fed's future path to rate hikes did not aid the USD in capitalizing on the overnight recovery from a two-week low and acted as a drag on commodities. Goods are priced in US dollars.
OANDA:XAUUSD
by Rancy-SuperTrend
Gold will regain balanceGold 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 United States (US) are easing, the Federal Reserve (Fed) is expected to keep interest rates higher for longer. Furthermore, markets are still pricing in the possibility of another 25 basis points (bps) hike later this year. This, in turn, remains supportive of rising US Treasury yields, providing some support to the US Dollar (USD) and weakening non-yielding Gold prices.
OANDA:XAUUSD
by Rancy-SuperTrend
Gold is still compressed waiting for NFGold 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 Indicator is signaling that Gold Price is breaking out of the confluence of the $1935–36 support, indicating the next uptrend to watch. However, the key supports mentioned include Pivot Point S1 for one day and Fibonacci 61.8% for one month.
OANDA:XAUUSD
by Rancy-SuperTrend
Life Insurance Corp of India (LIC) BreakOut OpportunityDate : 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 SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:LICILong
by vicky252
Tonight's ADP PredictionGold (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 yields. The cautious mood ahead of US ADP Employment Change, Second-quarter Gross Domestic Product (Q2) and US Personal Consumption Spending (PCE) appear to have boosted the outlook, boosting the outlook. Gold buyers to many highs. Disappointing US jobs, employment and housing previously raised concerns about the Fed's policy axis, especially after Fed President Jerome de Jerome de pressured the turmoil of the Fed. mambela data
OANDA:XAUUSD
by Rancy-SuperTrend
Waiting for new developmentsGold (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 policymakers' data and the recent mixed US data, as well as the continued decline in interest rates. US Treasury yields from multi-year highs marked last week.
OANDA:XAUUSD
by Rancy-SuperTrend
Gold suddenly exploded violentlyGold prices traded actively for the fourth day in a row on Thursday and are currently hovering just below the $1,920 region, or near a two-week high hit the previous day. However, XAU/USD lacks bullish confidence, needing caution before continuing the recent bounce from the $1,885 region or the lowest since March 13 and hitting this week's top. Amid worsening economic conditions in China, a series of manufacturing surveys released on Wednesday painted a bleak picture of the health of the global economy. Furthermore, dismal macro data for the United States (US) showed that business activity in the country with the largest economy in the world approached the point of stagnation in August.
OANDA:XAUUSD
by Rancy-SuperTrend
2
Gold is still around 1920Gold 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, underpinned Gold prices. With that said, U.S. Durable Goods Orders in July fell 5.2% from the market consensus of 4%, ranging from 4.4% in June. However, Initial Jobless Claims showed favorable employment conditions, raising concerns about the US inflation scenario. For the week ending Aug. 18, the index fell to 230K from 240K previously, which is expected to remain steady.
OANDA:XAUUSD
by Rancy-SuperTrend
Gold prediction for the new weekGold (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 downward pressure on XAU/USD even if technical analysis signals a corrective rally. The US Dollar Index (DXY) has been rising for the past five weeks in a row and is affecting the Gold Price.
OANDA:XAUUSD
by Rancy-SuperTrend
Gold is recovering slightlyGold 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 prices. These factors can impact the total action value. The US Dollar Index (DXY), which measures the greenback's performance, therefore, for the six major currencies, picked up resilience on Tuesday and ended the day with gains. At the time of writing, DXY is hovering around the 103.50 level. Falling US Treasury yields and falling US home sales could put the greenback under pressure.
OANDA:XAUUSD
by Rancy-SuperTrend
3
XAUUSD : Waiting for recoveryGold 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 data to boost US Treasury yields. and the US Dollar, which in turn affects XAU/USD. Moving on, the absence of key data/events could allow Gold Price to consolidate recent losses to multi-day lows. However, a wave of risk aversion and more stable yields could keep the US Dollar afloat, thus boosting XAU/USD recovery unless witnessing any strong positive data/news Which force can affect the Greenback and improve the mood.
OANDA:XAUUSD
by Rancy-SuperTrend
Gold prediction for todayGold 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 rate. 103.5 is the strong resistance of USD, if it is crossed, the target for USD upside momentum will be 104.5. There may also be a correction here There are a lot of important economic data from the United States scheduled to be released today. Retail sales are expected to increase 0.4% in July. Additionally, the Empire State Manufacturing Index in New York will also be released. Gold price promises to be very exciting
OANDA:XAUUSD
by Rancy-SuperTrend