The forex news for the day is in!!
Will gold prices go ‘sky-high’ as Fed displays confidence in easing inflation?
Check out all the analysis now!!
Dollar index
Buy Above 103.80
Upside Targets Looks 104 – 104.20
Stop loss below 103.60
XAUUSD
Buy Above $2204
Upside Targets Looks $2215 – $2230.
Stop-loss $2190
XAGUSD
Buy Above $24.85
Upside Targets Looks $25.10–$25.30
Stop-loss $24.50
COPPER
Sell Below $4.01
Downside Targets Look $3.90- $3.80
Stop Loss $4.0360
CRUDE OIL (WTI)
Crude Oil is Trading Around $80.46.
Above $82.50… Buy it!!
Upside Target $83.50-$84.50
Stop Loss $81.50
NASDAQ
Buy Above 18627 Levels Only…!!
Upside Target Looks 18700–18800.
Stop-loss 18540.
S&P 500 E-Mini
Buy Above 5301
Stoploss 5287.
Upside Target Looks 5312-5325.
TOP PICK- AUDUSD
Buy Above 0.6561 Stop-loss 0.6540 Target 0.6587.
Forex News: Will God Rise as FED eyes easing inflation?
The forex news points towards the yellow metal gold and a confident Fed on easing inflation. The gold prices climb to $2190 as the US Dollar drops with eyes on US Core PCE inflation data.
The Fed remains confident that inflation is broadly easing.
That’s all for today folks!!
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read: Gold retreated last week. What Lies Ahead for The Gold Price?, Economic Outlook: Will the US Economic Data This week Create Waves?
Recommended Read: Dollar Index – It’s Not As Complicated As You Think