Forex Newsletter: Gold Prices Plunge Amid Strong U.S. Data, Hawkish Fed

Dollar Index

Sell Around 104.60

Downside Targets Looks 104.20–103.70

Stop loss Above 105.10


Buy above $2350

Upside Target Looks $2370 -~-$2390

Stop-loss below $2425


Buy above $31.00

Upside Target Looks $32.00 —$33
Stop-loss below $30


Buy above $4.90

Up side Targets Look $5.10—$5.30

Stop Loss below $4.75


Crude Oil is Trading Around $78.15!!

Sell below $ 77.80

Down side Target $77.00- $76
Stop-loss Below $81

(Yesterday we recommend sell below 77.80
1st and 2nd Target almost Achieved 76  )


Buy above 17800

Upside Target Looks 18000–18200

Stop-loss Below-17600

S&P 500 E-Mini

sell around 5280

Stop loss above 5350
Down side Target Looks 5230–5150


Sell below 1.7718 Stop Loss above 4.7776 Target- 1.7690

Gold prices took a nosedive on Thursday, plummeting over 2% after a volatile session, as stronger-than-expected U.S. economic data drove Treasury yields higher and boosted the U.S. dollar

 The Federal Reserve is likely to maintain its restrictive policy stance for longer, limiting gold’s upside potential in the near term.

 Traders should closely monitor the upcoming core PCE indicator for insights into consumer price trends, as a hot report could send interest rate expectations in a hawkish direction, weighing on precious metals.

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

Also Read: Copper Outlook: Will the Copper price retreat further?, Economic Data: UK Retail and US Durable Goods Insights in Spotlight!

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