The Forex newsletter for the day is here. Without further adieu, let’s dive in!
Dollar Index
(Yesterday given Buy above 105.140, hope you have made a good profit)
Buy on dip around 105.20
Upside Targets Looks 105.700/106.00
Stop loss below 104.700
XAUUSD
(Yesterday given Buy around $2324, hope you have made a good profit)
Sell on rise around $2327
Downside Target Looks $2314—$2300
Stop-loss above $2340
XAGUSD
Sell on rise around $29.30
Downside Target Looks $29.00—$28.80
Stop-loss above $29.60
COPPER
(yesterday given Sell around $4.4400, Both target done, hope you have made a good profit)
Sell on rise around $4.4100
Downside Target Look $4.3800—$4.3500
Stop Loss above 4.4400
CRUDE OIL (WTI)
(yesterday given Buy around $80.60, First target done, hope you have made a good profit)
Buy on dip around $80.50
upside Target $81.00—$81.50
Stop-loss below $80.00
NASDAQ
Sell around 19900
Downside Target Looks 19700—19500
Stop-loss above – 20100
S&P 500 E-Mini
Sell below 5510
Stop loss above 5560
Downside Target Looks 5460—5400
TOP PICK- USDJPY
(CADCHF- yesterday given Buy around 0.6540, target done, hope you have made a good profit)
Buy around $160.390
Stop loss below $159.150
Upside Target Looks $161.63—$162.85
Gold Dips as Fed Resists Rate Cuts Amid Stubborn Inflation
Gold prices edged lower as Federal Reserve officials reiterated their reluctance to cut interest rates until inflation shows more sustained progress towards the 2% target. The market still sees a high chance of a September rate cut, but hawkish Fedspeak has dampened that outlook for now.
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
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