Technical My Tips
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SMT150
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US500 is holding steady in a tight range near its record high, showing strong momentum.
An unfilled gap below suggests room for a short-term pullback.
A move above 6930 could open the way toward 7100.
If the index retraces, it may revisit the gap area, testing EMA21 and the support at 6750, with room to approach EMA78.
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Technical Analysis:
#Gold stabilized this week but remained well below its #recordhigh , weighed down by a hawkish #Fed and #safehaven outflows. However, strong #centralbank buying may keep further declines in check.
Don’t miss our focus on the precious metal 👉
#XM #XMIndia
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➡💶➡ EURUSD under pressure: traders wait for Lagarde's speech to shake the market
The euro stays within a clear downtrend. Could fresh volatility be around the corner? Explore our analysts' insights below to find out.
💵 Key takeaways
• Events. EURUSD continued its downward trend on Monday, dipping as low as 1.15060 before closing at 1.15200 📊
• Possible outcome. Traders are watching for European Central Bank (ECB) President Lagarde's speech this morning (07:40 UTC). If Lagarde signals a dovish ECB stance, the euro may fall further 📉 A hawkish tone, however, could spark a short-term rebound.
🪙 Tip for traders
Monitor Lagarde's remarks closely 🙄 The EURUSD is likely to remain in a downtrend, and Lagarde's speech could accelerate it—offering a trading opportunity.
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+3
These are the biggest events to watch this week 👇
The BoE and the RBA will hold their respectively rate-setting meetings this week, but the market's focus will firmly be on the numerous Chinese and US data, particularly if the US shutdown is resolved and official US data releases recommence.
Stay ahead of the markets.
#XM #XMIndia #EconomicCalendar
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Hot Picks for the Week!
(3rd – 7th Nov)
Stocks to Watch:
IDFC FIRST BANK | PRATAAP SNACKS
Your move next?
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➡🥇➡ Gold near $4,000: what's behind this price movement?
Gold hovers just below the $4,000 mark, after dipping in response to improved relations between the U.S. and China. Find out what is driving this trend in our analysts' insight below 📊
💵 Key takeaways
• Events. Gold is trying to reclaim $4,000 per ounce as safe-haven demand weakens and expectations for further U.S. interest rate cuts decline 📉
• Possible outcome. With rate cuts less likely and safe-haven interest declining, gold may struggle to break significantly higher—unless fresh economic worries emerge.
🪙 Tip for traders
Watch for new economic data and geopolitical shifts 😲 If tensions rise or the Fed changes tone, gold could find fresh momentum. Until then, consider setting tighter stop-loss levels and staying nimble.
3 485
🅰🔠🔡🆎
➡🥇➡ Gold near $4,000: what's behind this price movement?
Gold hovers just below the $4,000 mark, after dipping in response to improved relations between the U.S. and China. Find out what is driving this trend in our analysts' insight below 📊
💵 Key takeaways
• Events. Gold is trying to reclaim $4,000 per ounce as safe-haven demand weakens and expectations for further U.S. interest rate cuts decline 📉
• Possible outcome. With rate cuts less likely and safe-haven interest declining, gold may struggle to break significantly higher—unless fresh economic worries emerge.
🪙 Tip for traders
Watch for new economic data and geopolitical shifts 😲 If tensions rise or the Fed changes tone, gold could find fresh momentum. Until then, consider setting tighter
