Forex News Letter : Gold Under Forex Pressure?

The Forex news is in and all the focus might just be on gold today?

With the Inflation data on the horizon, let’s start with the forex analysis!!

Dollar index     

   Buy Above  102.57

   Upside Targets Looks 102.80 – 103

 Stop loss below 102.21


            Sell Below    $2171

 Downside Targets Looks  $2168 – $2161.
        Stop-loss $2188


     Sell Below   $24.32

         Downside Targets Looks  $24.20–$24.10

Stop-loss $24.55


Buy Above    $3.94

  Upside Targets Look $3.96- $4.

  Stop Loss $3.91.

        CRUDE OIL (WTI)

       Crude Oil is Trading Around $78.52.

               Above  $78.77… Buy it!!

       Upside Target $79.40 -$80.40 

         Stop Loss $77.70.


     ( Yesterday We Recommended to Sell !!Below  18216 )
(Both Target Hit  18167–18148)   

   Sell Below    18235  Levels Only…!!
      Downside  Target Looks 18136–18070.

      Stop-loss 18374.

   S&P 500 E-Mini 

Sell Below    5185

Stoploss   5211.

   Downside Target Looks 5160-5140.


         Sell Below  1.20000  Stop-loss 1.25000 Target 1.11600.

Forex News: All Eyes on Pressured Gold!!

Gold prices dips slightly as investors await US Inflation data for fresh guidance. THe US Bond yields are also facing pressure as safe-haven demand has eased ahead of the inflation report.

On the new news about the Fed, the market expectations for the Fed reducing interest rates in June remain steady

That’s all for today folks!!

Happy Trading!!

Commodity Samachar
Learn and Trade with Ease

Also Read: Economic Data: US CPI and UK Jobs In the Spotlight Today!! , Volatility Alert: Japanese Yen on Edge with BOJ’s Interest Rate Move!

Recommended Read: Forex News Letter : US Inflation, US Dollar and Market Volatility!

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