Today’s Forex Newsletter Looks Quite Interesting
Gold Price Rises Amid Geopolitical Uncertainty and China’s Resumption of Purchases
Gold (XAU/USD) continues to climb, fueled by rising geopolitical tensions in the Middle East and China’s renewed gold buying in November. Solid US labor data hasn’t deterred expectations of Fed rate cuts, limiting USD strength. Gold is approaching key resistance at $2,666, with further gains expected.
DXY
Sell below 105.500
Stop loss above 105.700
Target 105.300–105.100
XAUUSD
Sell below 2653
Stop loss above 2660
Target 2646–2640
XAGUSD
Buy above 31.73
Stop loss below 31.38
Target 32.10–32.40
USOIL
Buy above 68.16
Stop loss below 67.80
Target 68.50–68.90
COPPER (HG1)
Buy above 4.2805
Stop loss below 4.2545
Target 4.3100–4.3400
NASDAQ
Buy above 21630
Stop loss below 21580
Target 21680–26730
S&P 500 E-Mini
Buy above 6096
Stop loss below 6088
Target 60104–60112
Top pick
USDCHF
Buy above 0.87900
Stop loss below 0.87800
That’s all for today’s forex newsletter
Until then, Happy Trading!
Commodity Samachar Securities
We Decode the Language of the Markets
Also Read: US CPI Data Sparks Focus as ECB Rates Add to Volatility
Recommended Read: The Finale of the US Elections 2024: What Lies Ahead for the Commodities Market?
Want Help On Your Trades ?
Chat with us