GOLD chaos with economy and war!
Updated
Some comments about GOLD that Jessica wants to send to traders. Thanks for reading 🩵🩵🩵
Gold price adjusted relatively dark yesterday after the announcement of unsuccessfully breaking the 2006 resistance zone. Perhaps Gold will go even deeper before announcing the main news of the month and will be the most significant correction phase. from 1810 when this uptrend began.
Returning to the price line chart yesterday, it approached the 1975-1978 support zone and reacted slightly. If we continue to move there today, there is a high possibility that we will crash further down, so it will be safer to look for buying opportunities around the 1945-1950 support area close to the EMA34 line on the Daily chart.
Gold price adjusted relatively dark yesterday after the announcement of unsuccessfully breaking the 2006 resistance zone. Perhaps Gold will go even deeper before announcing the main news of the month and will be the most significant correction phase. from 1810 when this uptrend began.
Returning to the price line chart yesterday, it approached the 1975-1978 support zone and reacted slightly. If we continue to move there today, there is a high possibility that we will crash further down, so it will be safer to look for buying opportunities around the 1945-1950 support area close to the EMA34 line on the Daily chart.
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In terms of trading, Brent crude futures for December delivery fell four cents before their expiration on Tuesday, to $87.41 per barrel at settlement, while the most traded contracts for January delivery fell by $1.33, or Equivalent to 1.4%, to $85.02US Nymex crude futures for December delivery also fell by $1.29, or 1.6%, to $81.02 per barrel.
On a monthly basis in October, Brent crude recorded losses of 5.2%, while American crude incurred monthly losses of 8.75%.
Note
10-year Treasury yield rises ahead of Fed rate decisionTreasury yields rose on Wednesday as investors awaited the latest Federal Reserve interest rate decision and guidance from the central bank about the outlook for monetary policy.
At 5:49 a.m. ET
🟢the yield on the 10-year Treasury was over 3 basis points higher at 4.907%.
🟢The 2-year Treasury yield was last trading at 5.075% after rising by less than one basis point.
🟢Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.
Note
Released nowUSD🇺🇸
ISM Manufacturing PMI (Oct)
Previous: 49.0
Expect: 49.0
Current: 46.7
Result: Negative for USD🇺🇸
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🔹Markets now- US stock indices closed with collective gains at the end of Wednesday's trading session
- Dow Jones index rises 0.68%
- The Nasdaq index rises by about 1.64%.
- The S&P 500 index closed with gains of about 1.04%.
Note
Qualcomm Incorporated (QCOM):-Market Cap: 123.63B
NASDAQ🇺🇸
Estimate Actual
EPS: 1.91 2.02 🔼
Rev: 8.51B 8.67B🔼
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Note
- The US Federal Reserve's tone is still tough and gives hints to keep the interest rate hike open...positive for the dollar in general.
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