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Forex Focus: Gold Prices Hit Record Amid Political Unrest


Forex Focus: Gold Prices Hit Record Amid Political Unrest

The Forex newsletter for the day is here. DXY , XAUUSD , XAGUSD , COPPER , USOIL , NASDAQ , S&P 500 E-Mini , USDCHF….

DXY

( Yesterday given Buy around 103.900 first target done)

Sell on rise around 104.00
Stop loss above 104.325
Target 103.700—103.400

XAUUSD

( Yesterday given Buy around 2750 all target done)

Buy around 2780
Stop loss below 2769
Target 2790–2800

XAGUSD

( Yesterday given Sell on rise around 33.40 first target almost done)

Buy around 34.00
Stop loss below 33.60
Target 34.40–34.80

USOIL

Buy around 68.00
Stop loss below 67.50
Target 68.50–69.00

COPPER (HG1)

Sell around 4.3400
Stop loss above 4.3610
Target 4.3200—4.3000

NASDAQ

Sell below 20700
Stop loss above 20800
Target 20600–20500

S&P 500 E-Mini

Buy around 5875
Stop loss below 5865
Target 5885—5895

Top Pick

NZDUSD

Buy around 0.59800
Stop loss below 0.59480
Target 0.60100–0.60400

Gold prices soared to a record $2,789.85 an ounce, driven by rising safe-haven demand amid political tensions in the U.S. and Japan. The upcoming presidential election and economic data releases have heightened market anxiety, prompting investors to flock to gold and other precious metals.

Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

Also Read: Today’s Focus : US GDP, ADP NFP & UK Budget Stir Volatility , Forex Focus: Gold Shines Amid Rising Global Instability

Recommended Read: Trader’s Guide: Could You Profit from 2024’s Silver and Gold Price Fluctuations?

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