Forex Newsletter: How Resilient is Gold’s Downside?

The Forex newsletter for the day is here. Without further adieu, let’s dive in!

Dollar Index

Buy on dip around 105.20
Upside Targets Looks 105.700/106.00
Stop loss below 104.700


Sell around $2316
Downside Target Looks $2308—$2300
Stop-loss above $2325


Sell around $29.00
Downside Target Looks $28.80—$28.60
Stop-loss above $29.22


Buy above 4.3750
Upside Target Look $4.3900—$4.4150
Stop Loss below 4.3600


(Yesterday given Buy on dip around $80.50, Both target done, hope you have made a good profit)

Buy on dip around $80.80
upside Target $81.50—$82.00
Stop-loss below $80.00


(yesterday given Sell around 19900, First target almost done, hope you have made a good profit)

Sell below 19900
Downside Target Looks 19750—19600
Stop-loss above – 20070

S&P 500 E-Mini

Sell below 5520
Stop loss above 5560
Downside Target Looks 5480—5450


Buy around $160.450
Stop loss below $159.800
Upside Target Looks $161.00

Gold’s Resilience: Capped Downside Amid Geopolitics and Currency Shifts

Gold’s downside is limited by its role as a safe-haven asset amid global uncertainty, the US dollar’s fluctuations, and the BRICS trade bloc’s strategy to use gold as an alternative to the dollar in international trade

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

Also Read: Will Crude Oil Price Break The Short-Term Consolidation Zone? Economic News: US GDP and Pending Home Sales Data Key Focus

Recommended Read: In Focus China’s Panda Strategy: Cute Gesture or Economic Marvel to Boost the Yuan?

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