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It is expected that XAU price will continue to increase in the fThe market will also pay close attention to US CPI in June This morning, world gold prices are still trading around the high mark of last week's session. The world gold market will likely be more exciting this week Currently, optimism is covering the gold market, as recent data shows cracks in the US economy, a weakening US labor market and falling inflation. The market is expected to increase due to expectations of interest rate cuts According to analysts, gold prices have traded between $2,285-2,448 per ounce since early April, which has created firmer support and resistance levels.
OANDA:XAUUSD
by NicoTradingMaster
JUNIPER HOTELS LTD - Strong Reversal on the wayNSE:JUNIPER Company Profile Juniper Hotels Ltd. engages in the hotel operations. It identifies and acquires sites to develop its hotels and serviced apartments. The firm's portfolio includes Grand Hyatt Mumbai Hotel and Residences, Andaz Delhi, Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow, Hyatt Raipur, and Hyatt Place Hampi. The company was founded by Arun Kumar Saraf on September 16, 1985 and is headquartered in Mumbai, India. Technical Factors. 1. Major Support Area- the price has reversing for 2nd time from the listing price level, which formes a good demand zone. 2. the last fall is on very low volume shows sellers are exhausting. 3. In the last session it has broken the resistance trendline and very narrow range base with more than average volume. 4. Our entry is above the major swing high @458, which is also a horizontal resistance area. 5. Short term players can keep a small stop around 415 zone and long term players can accumulate more at demand zone with a stop below listing price on weekly closing basis. Fundamental factors 1. The company is performing well and now its doing a turnaround from loss to profit 2. operating margins are improving 3. the company has reduced the debt significantly and also received healty rating from credit rating agency. The Traget levels are mentioned on chart. Note:- Always use position sizing to know how much quantity to enter in. Keep Learning, Happy Trading.
NSE:JUNIPERLong
by SANJAYPATIDAR_
Gold buyers have various obstacles to tackle, including US NFPDespite posting a Doji candlestick on Thursday, the Gold price appears well set for the second consecutive weekly gain as traders await the US employment details for June. In doing so, the XAUUSD defends the mid-week breakout of a month-old descending resistance line, now immediate support around $2,350, backed by upbeat RSI conditions and the bullish MACD signals. Also keeping the bullion buyers hopeful is the quote’s ability to stay beyond the 50-SMA level. However, a slew of upside hurdles and likely upbeat prints of the US jobs report, including the top-tier Nonfarm Payrolls (NFP), test optimists ahead of the key data. Among the resistances, a fortnight-old horizontal area surrounding $2,365-68 caps the immediate upside of the precious metal. Following that, a region comprising multiple tops marked since mid-April, near $2,387-92, will challenge the advances before the last defense of the bears, namely a three-month-old horizontal region around $2,431-34. It’s worth noting that the $2,400 threshold and the all-time high marked in May around $2,450 are extra filters toward the north. Meanwhile, the Gold sellers will need validation from strong US employment data and a daily closing beneath the resistance-turned-support line surrounding $2,350. In that case, the 50-SMA level of $2,339 will grab the attention of short-term XAUUSD bears. Should the quote remain weak past $2,339, it will quickly drop to $2,318 but a convergence of a three-month-old rising trend line and 50% Fibonacci ratio of March-May upside, near $2,297-96, will be a tough nut to crack for the sellers afterward. If the bullion bears manage to keep the reins past $2,296, the early April swing low of near $2,265 and the 61.8% Fibonacci ratio of $2,261 can flash on their radars. Overall, Gold remains bullish ahead of the top-tier data but the upside room appears limited.
OANDA:XAUUSD
by MTradingGlobal
USD fell to two-week low,The number of initial applications for unemployment benefits in the US increased last week, while the number of unemployed people continued to increase to the highest level in 2 and a half years at the end of June 2024, consistent with the labor market being gradually cool down. Following US economic data, the dollar fell to a two-week low, making gold more attractive to holders of other currencies, while US 10-year bond yields downward. The market is currently predicting a 68% probability that the Fed will cut interest rates in September. Lower interest rates will reduce the opportunity cost of holding non-yielding assets like gold. Investors are currently waiting for the non-farm payroll report to be released on Friday (July 5) to know more about the US interest rate cut. In other precious metals markets, spot silver prices increased 3.4% to $30.51, platinum prices increased 0.8% to $999.12 and palladium prices decreased 0.1% to $1,020.98. , according to Reuters.
TVC:GOLDShort
by NicoTradingMaster
Short term trading strategy for todayWorld gold prices increased more than 1% to the highest level in nearly two weeks in the trading session on Wednesday (July 3) due to increasing expectations that the US Federal Reserve (Fed) will cut interest rates. in September, after recent US data showed the labor market was weakening. Closing the session, daily gold price increased 1.2% to 2,357.06 USD an ounce. US gold futures rose 1.5% to $2,369.40 Spot gold price increased 0.01% to 2,356 USD/ounce, according to Kitco, while gold price for August delivery decreased 0.16% to 2,365 USD. Precious metals as well as base metals are rallying across the board as ADP data and unemployment claims add to the 'weakening economy' sentiment, which could potentially lead to a first interest rate cut in September".
OANDA:XAUUSDShort
by NicoTradingMaster
EURUSD bulls jostle with 200-SMA hurdle on US HolidayEURUSD struggles to keep the buyers on board early Thursday, after rising for four consecutive days, as market momentum dwindles during the US holiday. That said, the Euro pair jumped to a three-week high while rising the most in a week after the US statistics drowned Greenback the previous day. However, the cautious mood ahead of Friday’s key US employment report might have challenged the bulls of late, especially amid dicey markets. That said, the RSI’s pullback from the overbought region and receding bullish bias of the MACD joins the 200-SMA to limit the quote’s further upside past 1.0790-85. Even if the quote crosses the 1.0790 hurdle, the 1.0800 threshold and the 61.8% Fibonacci ratio of March-April fall, close to 1.0840, will prod the additional advances. Above all, a four-month-old descending resistance line, close to 1.0895, quickly followed by the 1.0900 round figure, will act as the final defense of the bears. Meanwhile, the EURUSD pair’s retreat appears elusive beyond the week-start peak of around 1.0776. Following that, the 100-SMA support of 1.0730 will be crucial to watch for the Euro bears. It’s worth noting, however, that an ascending support line from mid-April, close to 1.0680 by the press time, appears a tough nut to crack for the sellers, a break of which will make the pair vulnerable to slump toward the yearly low of 1.0600 marked in April. Overall, the EURUSD pair is likely to remain on the bull’s radar during a less active day. However, the quote’s upside room appears limited and hence highlights Friday’s key data/events.
by MTradingGlobal
GBPUSD pokes key upside hurdles as UK/US PMI, Fed Minutes loomGBPUSD struggles to defend the five-day uptrend early Wednesday as traders await key activity numbers from the UK and the US, as well as Minutes of the latest Federal Reserve (Fed) monetary policy meeting. It’s worth noting that the US Dollar’s weakness past Fed Chair Jerome Powell’s speech propelled the quote’s previous rebound from a two-month-old horizontal support, enabling buyers to poke the 100-bar SMA. Also underpinning the upside bias are the firmer RSI conditions and the bullish MACD signals. However, the 100-SMA’s bearish cross of the 200-SMA, known as the death cross, challenges the Cable buyers unless crossing the broader moving average, namely the 200-SMA hurdle of 1.2715. Following that, the mid-June swing high of around 1.2740 and 1.2800 become imminent targets for the Pound Sterling buyers before aiming for the previous monthly high of around 1.2860. Meanwhile, GBPUSD sellers need firmer US data and hawkish Fed Minutes, as well as a successful break of the aforementioned two-month-old horizontal support surrounding 1.2610-15. Following that, the Cable bears will aim for the 1.2550 and the 1.2500 thresholds ahead of challenging May’s bottom surrounding 1.2445. It should be observed that the Pound Sterling’s sustained weakness past 1.2445 will make it vulnerable to challenge the yearly low marked in April surrounding 1.2300. To sum up, the GBPUSD bulls are at a crossroads and need a fundamental push to keep the reins.
by MTradingGlobal
1
Gold is still in a strong uptrendGold costs rose greater than 1.0% on Thursday, way to a pointy drop in US authorities bond yields after records at the US hard work marketplace became released. Specifically, the range of packages for unemployment blessings withinside the 2nd week of November improved better than expected, achieving 231,000, better than the forecast of 220,000. The range of humans receiving unemployment blessings additionally amazed while it improved to 1,865,000 - the very best in almost years, displaying the problem of the United States activity marketplace. Gold costs rose sharply yesterday, overcoming critical resistance lasting from 1,975-1,980 USD. If the upward momentum is maintained, the charge ought to upward push to the $2,010-2,1/2 area, in addition to $2,060 withinside the coming days.
TVC:GOLD
by NicoTradingMaster
Gold price will surpass 2,350 USD/ounce in July.Gold prices rose more than 1.0% on Thursday, thanks to a sharp drop in US government bond yields after data on the US labor market was released. Specifically, the number of applications for unemployment benefits in the second week of November increased higher than expected, reaching 231,000, higher than the forecast of 220,000. The number of people receiving unemployment benefits also surprised when it increased to 1,865,000 - the highest in nearly two years, showing the difficulty of the US job market. Gold prices rose sharply yesterday, overcoming important resistance lasting from 1,975-1,980 USD. If the upward momentum is maintained, the price could rise to the $2,010-2,015 area, further to $2,060 in the coming days.
OANDA:XAUUSDShort
by NicoTradingMaster
AUDUSD drops within a symmetrical triangle after RBA MinutesAUDUSD extends the week-start losses toward 0.6600 as Minutes of the latest Reserve Bank of Australia (RBA) Monetary Policy Meeting fail to inspire the bulls despite pushing back the odds of rate cuts, especially backed by the recent upbeat Australian inflation clues. It’s worth noting, however, that the 200-bar Exponential Moving Average (EMA) and a fortnight-old rising support line, respectively near 0.6645 and 0.6630, restrict the short-term downside of the Aussie pair within a two-month-old symmetrical triangle formation, currently between 0.6700 and 0.6585. Given the normal RSI conditions and the sluggish MACD signals, the quote is likely to remain chopped within the stated triangle. Even so, increasing odds of the US Dollar’s run-up on hawkish Fed Minutes and the upbeat US jobs report keep the sellers hopeful. That said, a clear downside break of 0.6585 makes the pair vulnerable to slump toward a 2.5-month-old horizontal support zone surrounding 0.6455-65. On the contrary, AUDUSD buyers need validation from the downbeat US data/events, as well as the previously stated triangle’s top-line surrounding the 0.6700 threshold, to retake control. In that case, the yearly high marked in May around 0.6715 acts as an extra filter toward the north before fuelling the Aussie prices toward the late 2023 peak of around 0.6870. It should be observed that the 0.6800 round figure and the mid-2023 tops near 0.6900 will also challenge the quote’s advances ahead of highlighting the 0.7000 psychological magnet. Overall, the AUDUSD pair is likely to remain depressed within a short-term triangle formation ahead of the key US data/events.
by MTradingGlobal
Gold is waiting for market fluctuationsGold costs will remain caught until "some thing shakes up the marketplace as a whole." to get better again to 2,340 USD/ounce. This absolutely offset final week`s losses. Investors need to now no longer promote at the moment due to the fact "in case you are preserving gold long-term, there's no purpose to promote due to the fact the charge remains above 2,2 hundred USD/ounce". maximum humans are having impartial predictions gold The US economic system is slowing down, inflation is vulnerable and americaA Federal Reserve (Fed) is much less dovish. These affects lessen call for for gold, that may cause a huge promote-off. If you're preserving gold, there's no purpose to promote due to the fact the charge remains above 2,2 hundred USD/ounce. The marketplace might also additionally have few transactions, because of this that the hazard of big fluctuations. Geopolitical trends consisting of escalation in Ukraine or the Middle East ought to disrupt the marketplace, Grady said.
TVC:GOLD
by NicoTradingMaster
IDFC First Bank : 34% to 218% Upside Potential#IDFC First Bank : 01 Jul 2024 "Life is Simple, we make it complicated, So is Trading. Discover Simple, Yet POWERFUL IDEAS." In Play : HH : HL Summary • CMP : 82 • Clean Price Action with Vol favor's BULLS FOOT PRINT • Nice CONSOLIDATION of around 8-10 months • Trading right AROUNG VP mountains - ATH : 100.70 Conclusion • CMP 82 • Looks good for going NORTH • Higher Levels could be around o Imm Higher Levels : 110/124 o Potential Levels : 168/262 Wish You Happy & safe trading "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:IDFCFIRSTBLong
by DhirajSinghBais
10
Reliance Big Move AheadHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Ascending Triangle Pattern in daily TF. * From Jan 2024 to June 2024 Moving in a 200-300 Points range. * From Mar 2024 to June 2024 Tested Resistance Many times. * It's Already Break resistance Zone and trying to Sustain Above Resistance Zone and follow up buying is coming. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Minor Retest is Possible after big move.
NSE:RELIANCE
by ChartSight
XAU rises despite weak US economic dataUS economic data on June 27 was not very positive: the number of applications for unemployment benefits reached the highest level since November 2021, the number of durable goods orders showed a bad signal for Q2 GDP, sales Pending home sales hit a record low, and finally, the Kansas Fed's manufacturing activity stagnated for the 21st straight month. Keeping policy rates steady “for a while” may be enough to control inflation, but reiterate “a readiness to increase borrowing costs if necessary”. Analysts say that world gold prices will likely find it difficult to break out in the short term, at least until there is clearer information about the Fed's monetary policy. The weakening USD has pushed gold prices up above 2,300 USD According to some experts, this is a way of pricing based on factors that do not yet exist. If the AI ​​craze continues and the market bubble has not burst, the current price may still be considered cheap compared to future growth potential. However, because this index depends on expectations, the final results are still highly subjective.
TVC:GOLD
by NicoTradingMaster
JaiCorp Ltd Forming Momentum for a big move Hey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Pole & Flag Pattern in daily TF. * Rectangular Box Pattern in week TF. * From Oct 2023 to June 2024 Tested Resistance Many times. * It's Near resistance Zone and trying to breakout. * If Stock break's resistance zone then we can see a move to 500 & if Sustain above 500 then we can see move to 560 to 700, let's see breakout sustain or not. What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:JAICORPLTD
by ChartSight