At current scenario Gold is having a Support zone at 2360-2370, while on lower side it may fell down to 2314 to 2302 as well
Overnight, the ECB remained cautious, stating that while the inflation path is lower than before, the ECB should not lower its guard. Keeping rates on hold at 4.50%, President Lagarde indicated that the ECB didn not discuss rate cut scanarios. The EURUSD traded higher following the news, with price trading within the 1.10 resistance area and 61.8% FIB...
Gold is looking to gain back its strength now just ahead of NFP. Looking to get back to 1860-1870 level till Friday.
Today's downward trend in gold prices presents an opportunity for investors to consider their positions and evaluate the potential risks and rewards. The strong support level at 1906 indicates that there is significant buying interest at this price point, which could potentially limit further downside movement.
Gold is looking to gain its momentum again as it has fell upto 1893 last day and smoothly recover from that as well. For today it has a range of 1920-1925 as it seems to be a strong resistance.
Gold has got the level of 1939 last day even after the negative CPI states for dollar index. As gold is expected to move upside to get recover from past day's loss. Also today is FOMC Meet for the interest rate hike.. Possible gold may test 1970 or 1980 mark again.
Gold has moved after the negative impact of PMI over it. But as per the data event Gold is likely to move downside now. On the first target on downside is 1950 while next lined up is 1930 and 1900 as well in upcoming days.
Gold is looking to get 1990 on upside while if it cross that level then it may go for 2000 mark as well. While as per the prior data Gold is looking to move down for a swing session upto 1950 mark.
On past day's trend gold has fall to 1955 while now its settled at 1962-1963, Meanwhile it may check the level of 1990 today.
Oil is having a strong resistance at 74.00 so the prime target will remain same, while if it cross this level then it may test 75.00 or 76.00 as well
Gold is looking in a buy mode now. can see a level of 2030 or 2040 as well. Also it has the possibilities to get 2060 as well.
WTI Oil may see a downtrend levels today over the sentiments and fundamentals
Gold is looking in a support zone at 1990 & 1980s now. It has a Resistant surfaces at 2001.60 - 2003 on prime while 2018 and 2028 will be a safe option to go. Support surfaces at 1992-1984 while if it will cross these levels then it may fall to 1948 -1946 as well.
Gold is looking in a strong support zone at 1955.. Chances are high to get that level today.
Gold have made a high of 1895 today in early morning also it is the strong resistance zone for Gold, While on downtrend 1850 is looking possible for today to get the mark. Bull Trap is on for gold today.
Gold is looking to loose its strength as the possibilities of Positive NFP is higher. Meanwhile gold is having a strong support at 1813 for today. Also if it break the level then it may hover at 1790 as well.
Gold is looking in a sell state from now with a strong support over 1825. One can see the sell side from here.
Gold is looking down today as it should have break the support over 1827, but it was failed last day. Today it is expected to break this level. So sell is suggested.