Introduction:
In the dynamic world of financial markets, gold prices experienced a slight dip recently, influenced by rising US Treasury rates and ongoing geopolitical tensions in the Middle East. As investors remain vigilant for any potential escalation in the crisis, the landscape of economic indicators and central bank sentiments also plays a crucial role in...
Introduction:
The global crude oil market experienced significant turbulence as prices surged by more than 3%, surpassing the $85 per barrel mark. This escalation followed reports of large explosions in Iran, Iraq, and Syria, presumed to be the result of Israeli attacks. Concurrently, various geopolitical factors, coupled with economic uncertainties, contributed...
Technical Indicators and Outlook:
Technical indicators suggest a strong momentum for silver, backed by positive Chinese service PMI data and a closely correlated movement with gold prices. The gold-silver ratio also offers insights into future price movements, making silver an attractive option for investors.
Investment Advice:
Given the favorable market...
Technical analysis suggests that crude oil prices may find support at $84.40 and face resistance at $87.30, with similar levels identified for Crude oil MCX prices. A recommended trading strategy involves selling on any uptick around $86.20, with a target price of $85 and a stop-loss order placed above $87.30. This strategy aims to capitalize on short-term price...
What is Rounding Bottom pattern:
The Rounding Bottom pattern, also known as the saucer bottom, is a bullish reversal pattern observed in technical analysis. It typically emerges after a prolonged downtrend and signifies a potential shift in market sentiment from bearish to bullish. Characterized by a gradual decline followed by stabilization and a subsequent...
