Gold Falls: Forex Focus on US Treasury Pick, Easing Tensions

The Forex newsletter for the day is here. DXY , XAUUSD , XAGUSD , COPPER , USOIL , NASDAQ , S&P 500 E-Mini , USDCHF, Dollar

DXY

( Yesterday given Buy around106.600 all target done)

Sell around 106.600
Stop loss above 106.900
Target 106.300–106.000

XAUUSD

Buy around 2630
Stop loss below 2620
Target 2640–2650

XAGUSD

Buy around 30.45
Stop loss below 30.20
Target 30.60–30.80

USOIL

Buy around 69.40
Stop loss below 68.90
Target 69.90–70.40

COPPER (HG1)

( Yesterday givenBuy above 4.1090 first target done)

Buy around 4.0900
Stop loss below 4.0800
Target 4.0900–4.1000

NASDAQ

( Yesterday given Buy above 20980 all target done)

Buy above 20910
Stop loss below 20850
Target 20970–21030

S&P 500 E-Mini

( Yesterday given Buy above 6020 all target done)

Buy around 6010
Stop loss below 6000
Target 6020–6030

Top pick

GBPCHF

Buy around 1.11400
Stop loss below 1.11100
Target 1.11700–1.12000

Forex Newsletter – Gold prices fell sharply, dropping around $100, driven by easing geopolitical concerns over a potential Israel-Lebanon ceasefire and the appointment of Scott Bessent as US Treasury Secretary. Bessent’s Wall Street background reassured investors, leading to lower US Treasury yields and a weakened dollar.

Until then, Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

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Recommended Read: The Finale of the US Elections 2024: What Lies Ahead for the Commodities Market?

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