Forex Focus: Gold & Silver Dip, Then Rebound


Forex Focus: Gold & Silver Dip, Then Rebound

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

DXY

Sell below 105.990
Stop loss above 106.400
Target 105.600–105.200

XAUUSD

Buy around 2570
Stop loss below 2560
Target 2580-2590

XAGUSD

Buy above 30.82
Stop loss below 30.22
Target 31.40–32.00

USOIL

(Yesterday given Buy around 68.80 first target done)

Sell around 68.20
Stop loss above 68.65
Target 67.80–67.40

COPPER (HG1)

(Yesterday given Buy Buy above 4.0345 all target done)

Buy around 4.1200
Stop loss below 4.0700
Target 4.1700–4.2200

NASDAQ

Sell around 20820
Stop loss above 20880
Target 20760–20700

S&P 500 E-Mini

(Yesterday given Buy around 6020 first target done)

Buy above 6953
Stop loss below 6940
Target 6963–6973

Top pick (Yesterday given USDCHF Buy around 0.88900 first almost target done)

USDCHF

Sell around 0.88900
Stop loss above 0.89200
Target 0.88600–0.88300

Forex Factory- Gold and silver prices are modestly lower but rebounding from two-month lows. A strong U.S. dollar, rising bond yields, and improved investor sentiment are pressuring the metals. U.S. producer price data matched expectations, but inflation concerns persist. Stocks are lower amid profit-taking.

Until then, Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

Also Read: Forex Focus: USD Bullish Despite Short-Term Correction Risks , Crude Oil Price at a Crossroad: Will It Make or Break?

Recommended Read: The Finale of the US Elections 2024: What Lies Ahead for the Commodities Market?

Want Help On Your Trades ?

Chat with RM