The forex news is in and it’s like Gold is at an unstoppable pace. Where’s it headed and what you should be prepared for moving forward?
Let’s dive in and analyse everything right now!!
Dollar Index
Sell around 103.95
Downside Targets Looks 103.60 – 103.20
Stop loss Above 104.35
XAUUSD
Yesterday We Recommended to Sell below $2330
( target hit –$2320)
Buy around $2338
Upside Target Looks $2352– $2365
Stop-loss Below $2326
XAGUSD
Yesterday We Recommended to Sell below $27.70
( First target hit –$27.31)
Buy around $27.70
Upside Target Looks $28.00 –$28.40
Stop-loss Below $27.30
COPPER
Yesterday We Recommended to Buy Around $4.2450
( Both target hits –$4.2550-$4.2750)
Buy Around $4.2615
Upside Targets Look $4.2900-$4.3100
Stop Loss Below $4.2470
CRUDE OIL (WTI)
Crude Oil is Trading Around $86.28
Buy Around $85.40
Upside Target $86.40-$87.40
Stop-loss below 84.40
NASDAQ
Buy Around 18300
Upside Target Looks 18350–18400.
Stop-loss above 18250
S&P 500 E-Mini
Buy Above 5260
Stoploss Below 5245
Upside Target Looks 5270-5300
TOP PICK-EURUSD
Buy Around 1.0832 Stop-loss Below 1.0800 Target 1.0860
Forex News: How far will gold go for the gold?
The gold prices are moving higher and higher due to the fresh news coming in about the Israel-Hamas tensions. The strong demand for safe-haven assets amid geopolitical tensions has offset the Fed’s expectation for a rate cut.
The US Dollar is still staying afloat and still on a sideways trend after the Monday trading session.
That’s all for today folks. We’ll be back soon with more news.
Until then, Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read: Zinc prices sparked to a nine-month high, what next?, Economic Data: With Light Data, What’s the Vibe Of Today’s Market?
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