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Forex Focus: Gold Shines Amid Rising Global Instability


Forex Focus: Gold Shines Amid Rising Global Instability

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

DXY

Buy on around 103.900
Stop loss below 103.600
Target 104.200—104.500

XAUUSD

( Yesterday given Buy around 2750 all target done)

Buy around 2750
Stop loss below 2739
Target 2760–2770

XAGUSD

( Yesterday given Buy around 33.40 all target done)

Sell on rise around 33.40
Stop loss above 33.90
Target 32.90—32.50

USOIL

( Yesterday given Sell on rise around 68.00 almost fitst target done)

Buy on dip around 68.00
Stop loss below 67.00
Target 69.00–70.00

COPPER (HG1)

Buy on dip 4.3700
Stop loss below 4.3450
Target 4.3900–4.4150

NASDAQ

Sell below 20450
Stop loss above 20555
Target 20350—20250

S&P 500 E-Mini

Sell on rise around 5860
Stop loss above 5871
Target 5850–5840

Top Pick ( Yesterday given Sell on rise around 0.59900 fitst target done)

NZDUSD

Sell around 0.59600
Stop loss above 0.59900
Target 0.59300—0.59000

Forex Newsletter – Gold remains robust near historic highs, bolstered by geopolitical tensions and domestic political uncertainty. Recent Israeli strikes on Iran have heightened regional anxieties, while the ongoing conflict in Eastern Europe is further inflating demand for this safe-haven asset. As the U.S. presidential election approaches, investors are flocking to gold to mitigate risks, reflecting a strategic shift in market sentiment toward long-term stability amid a backdrop of instability and volatility.

Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

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

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