The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, USDJPY. Gold & Silver Soar
Dollar Index
Sell below $102.500
Downside Targets Looks $102.00—101.50
Stop loss above $103.00
XAUUSD
Buy above $2433
Upside Target Looks $2450—$2460
Stop-loss below $2417
XAGUSD
Buy around $27.50
Uside Targets Looks $28.00—$28.30
Stop loss below $27.10
COPPER (HG1)
Buy above $4.0460
Upside Target Look $4.0800—$4.1200
Stop Loss below $4.0000
USOIL (WTI)
Buy above $76.700
Upside Target looks $77.50—$78.00
Stop-loss below $75.80
NASDAQ
Buy above 18500
Upside Target Looks 18700—18900
Stop-loss Below 18200
S&P 500 E-Mini
Buy around 5330
Stop loss below 5300
Upside Target Looks 5360
TOP PICK-
GBPUSD
Buy around $1.27400
Stop loss below $1.27200
Upside Target Looks $1.27800—$1.28000
Gold and silver prices are climbing, driven by strong technical charts, speculative buying, and short covering. December gold is up $26.90 at $2,459.10, while September silver has risen $0.606 to $27.555. Despite China’s central bank pausing gold purchases for a third month, market demand remains robust. Tensions in the Middle East, particularly between Israel and Iran, are contributing to safe-haven demand. Key outside factors include a firmer U.S. dollar, higher crude oil prices around $76.00 per barrel, and a 10-year U.S. Treasury yield of 3.996%.
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read: NIFTY Ends Day in the Red, Japan Trade Data & US Economic Sentiment Steal Spotlight
Recommended Read: MCX Commodities Uncovered: The Must-Knows and Essential Insights [2024]
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