Forex Newsletter: Gold Holds Firm Amid Fed Rate Cut Speculation in Spotlight!


The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, USDJPY

Dollar Index

(Yesterday given sell around 104.00. target done, Hope you have made a good profit)

sell below 103.40
Downside Targets Looks 102.70
Stop loss above 104

XAUUSD

Sell below $2400
Downside Target Looks $2385—$2370
Stop-loss above $2415

XAGUSD

Buy above $30.80
Upside Target Looks $31.20
Stop-loss below $30.40

COPPER

Sell around 4.5650
Downside Target Look 4.4700
Stop Loss above 4.6000

CRUDE OIL (WTI)

Buy above 82.55
upside Target $83.30
Stop-loss below $81.55

NASDAQ

Buy around 20600
upside Target Looks 20800—21000
Stop-loss below – 20400

S&P 500 E-Mini

Buy above 5690
Stop loss below 5620
Upside Target Looks 5750

TOP PICK- EURUSD

Yesterday given EURCAD Buy around $1.48300, target done. Hope you have made a good profit)

Buy around $1.09100
Stop loss below $1.08660
Upside Target Looks $1.09400—$1.09600

Gold Holds Firm Amid Fed Rate Cut Speculation

Gold prices rebound to near $2,400 as investors bet on September rate cuts. Softer US inflation and a sniper attack on Trump boost the US Dollar.

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

Also Read : China GDP, ECB Meeting will in Focus this week Dollar Index Hits 5-Week Low: Will It Break Key Support?

Recommended Read : MCX Commodities Uncovered: The Must-Knows and Essential Insights [2024]

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