Kabhi Socha Hain Ke ...from Gurdip Singh

30 Apr 2024, 11:50 · Views 208

Kabhi Socha Hain Ke Aap Ko Kaun Maukah Denga Ek Company Ki Taraf Se Joh Aap Ki Maadat Karenge Business Berane Ke Liye Sab Support Milenge #fx #wikifx #octafx #kvb #xm #financialfreedom #business #saathmilkar #humekhain

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Gurdip Singh

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Business Development Manager At KVB Can find me at WhatsApp : +601131429510

Product: XAU/USD Prediction: Increase Fundamental Analysis: Central Banks: Reducing U.S. dollar investments, increasing gold reserves due to geopolitical tensions and economic uncertainty. Upcoming Data: U.S. CPI and retail sales data expected to impact gold prices. Middle East Situation: Tensions between Iran and Israel could influence gold demand. Market Trends: Geopolitical tensions typically boost gold, but recent market behavior shows other factors affecting gold's performance. Technical Analysis: RSI Movement: After falling below 50, the RSI rose to 60, indicating seller hesitation. Resistance Levels: $2470-$2480 (first resistance) $2500 (key psychological level) $2580 (upper trend channel limit if $2500 holds) Support Levels: $2410-$2400 (short-term support) $2370 (50-day moving average) $2350 (100-day moving average)

Gurdip Singh

Product: XAU/USD (Gold against the US Dollar) Prediction: Decrease Fundamental Analysis: - Gold prices fell by 0.9% on Wednesday after U.S. inflation data showed a decrease in inflation for July. - Despite this drop, gold is still close to its record high from last month and has risen by 19% this year due to expectations of easier monetary policies and increased central bank gold purchases. - The U.S. dollar strengthened against other currencies after the data, making gold more expensive for non-U.S. dollar holders. - The yield on the 10-year U.S. Treasury bond also rose significantly. Technical Analysis: - The daily chart shows XAU/USD trading within its usual range but forming a lower high and lower low, a bearish sign. - Technical indicators have slightly declined but remain positive, so a significant drop is less likely. - Gold prices are above all key moving averages, with the 20-day SMA flat and above the 100 and 200-day SMAs. Overall, a sharp decline seems unlikely.

Gurdip Singh

Product: XAU/USD (Gold) Prediction: Bullish Key Points: - Gold showed resilience despite a slight dip in Friday's Asian session, following a 0.5% gain on Thursday fueled by expectations of Federal Reserve interest rate cuts. - Fed Chair Jerome Powell's comments hinted at proactive economic support, buoying market sentiment. - Temporary dollar strength from higher Treasury yields impacted prices briefly, but ongoing central bank gold purchases and optimistic forecasts support a bullish outlook. - Analysts project potential highs of $2,600 by late 2024 and $2,475 in Q1 2025, highlighting confidence in gold's long-term prospects. This concise summary captures the essence of the bullish sentiment in the XAU/USD market, blending fundamental insights and market dynamics for clarity and engagement.

Gurdip Singh

Product: XAU/USD Prediction: Increase Fundamental Analysis: Gold prices rose due to the Fed's hints at possible rate cuts, lower US Treasury yields, a weaker USD, and geopolitical tensions. The combination of these factors has boosted gold's appeal as a safe-haven asset. Technical Analysis: Gold is in a slightly rising channel, with the 50-day EMA at $2,366 providing support. A breakout above $2,483.75 could signal new highs. Support is around $2,225. The market is currently in a consolidation phase.

Gurdip Singh

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Gurdip Singh