Technical My Tips

🔽 Gold slips 0.54% as investors take profits Gold (XAU) fell by 0.54% on Friday as investors took profits after XAUUSD had reached a record high in the previous trading session. 👉 Possible effects for traders The yellow metal continued setting new record highs, heading for its largest quarterly gain since early 2016. XAUUSD rose by about 1.6% for the week, supported by the Federal Reserve's (Fed) significant 50-basis-point (bps) rate cut and China's recent stimulus measures. The Fed's preferred inflation measure, the core Personal Consumption Expenditures (PCE) Price Index, rose by just 0.1% in August, below the 0.2% forecast, while the annual increase of 2.7% met expectations. Personal income and spending were also weaker than expected last month. According to the CME FedWatch Tool, traders are pricing in a 55.7% chance of a 50-bps cut in November and a 44.3% likelihood of a 25-bps cut. However, St. Louis Fed President Alberto Musalem stated on Friday that the U.S. central bank should return to a gradual pace of rate cuts following the larger-than-usual half-point reduction in September. A combination of factors should help limit deeper losses. Israel intensified its conflict with Iran's allies—the Houthis in Yemen and Hezbollah in Lebanon—launching aggressive airstrikes on Sunday, raising fears of a broader war in the Middle East. Investors are now worried that the conflict could escalate, potentially drawing in Iran and the U.S., Israel's key ally. Overall, the possibility of further interest rate reductions and ongoing geopolitical uncertainty lowers the opportunity cost of holding non-yielding gold and supports safe-haven demand for gold. XAUUSD declined during the Asian trading hours. Fed Chair Jerome Powell will give a speech today at 5:55 p.m. UTC, which may affect expectations for a rate cut in November. If Powell signals a more dovish stance or hints at further rate cuts, it could weaken the U.S. dollar (USD) and push XAUUSD higher. Conversely, if he suggests a more cautious approach or less aggressive easing, it will put downward pressure on the pair. ‘Spot gold may retest support at $2,646 per ounce, a break below which could open the way towards the $2,619 to $2,633 range’, said Reuters analyst Wang Tao. ➡️Sign Up Now ➡️ https://bit.ly/attocta

USDJPY, 15-minute timeframe chart USDJPY retested the support level of 141.660 👉Level explanation USDJPY has been trading in a bullish trend for the last couple of hours. The pair moved down to the support level of 141.660. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 142.430. Set your stop loss at 141.519 below the previous low ($6.40 loss for 0.01 lot) and take profit at 143.340 ($6.40 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. ➡️Sign Up Now ➡️ https://bit.ly/attocta

Bitcoin remains stable at $65,000 amidst significant ETF inflows, reflecting growing investor interest amid Fed rate cut speculations and economic data impacts. What do you think will be the next move for BTC? 🚀💰 Open Account In Exness For Forex Trading & P2P Transaction👇 Link:https://bit.ly/attexness #Bitcoin #CryptoNews #ETF #Investing

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Sunday Ki Study🎓 Learn all about recognizing common candlestick patterns 📈 Understanding these formations is key to decoding market psychology, anticipating trends, and gaining insights 🔥 Do let us know by reacting 👍 if you found this information useful. Disclaimer: The information provided is for educational purposes only and is not intended as financial or investment advice. Candlestick patterns are a tool for understanding market trends, but they do not guarantee future market behaviour. For a comprehensive understanding. Open Free Demat Account Now: https://bit.ly/tltangelone

💫 Market Metrics: Weekly Roundup ⭐ Sensex: 85,571.85 ⬆️ ⭐ Nifty 50: 26,178.95⬆️ ⭐ Nifty Bank: 53,834.30 ⬆️ ⭐ Nifty Smallcap 100: 19,242 ⬇️ ⭐ Nifty Midcap 100: 60,381.15 ⬆️  ✨ Market Performance Key Takeaways For The Week 🌟 The bull run continued for a third consecutive week and pushed the benchmark to new record highs as Nifty 50 closed in the uncharted territory near 26200, marking a weekly gain of 1.5 percent. 🌟 As the markets surge to record highs, making it difficult to predict the next correction, 26000 is anticipated to provide a cushion, 25800-25700 is seen as support level, and 26250-26300 could be considered as a potential resistance zone.  🌟 Market participants are advised to continue to keep a close watch on the global markets, avoid aggressive positions, and note that mid-cap stocks and selective heavyweights are likely to stay in focus. 🌟 BANKNIFTY lost the past week's impressive rally as it closed nearly flat at 53,580 level, reflecting a possible shift in the prevailing sentiment. While it is premature to declare a trend reversal, 53300-53200 is now expected to serve as a support zone, and 54450-54500 is anticipated to restrict any advances and serve as a resistance zone. ……………………………………………………………………………… ✨ News Highlights For The Week 🌟 Union government announces market borrowing of Rs 6.61 trillion in 2nd half of FY25 🌟 Mahindra & Mahindra and Skoda Volkswagen to sign joint venture soon 🌟  Union government orders hike in minimum wage rates for unskilled, semi-skilled, skilled workers 🌟 ANAND Group invests Rs 600 crore to boost electric vehicle and SUV component manufacturing 🌟 India's e-commerce sector set for a festive surge, projected to reach up to Rs 1.2 trillion in gross merchandise value ————————x——————— Open Free Demat Account Now: https://bit.ly/tltangelone Sources: Angel One Research | BS | BS | BS | ET |  FE Date: September 27, 2024

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