DEEPASH_1234

DEEPASH_1234 Updated 

Gold prices gave back some of its recent gains and are trading in a consolidation mode amidst no clear indications of rate cut by US Fed. Prices are also awaiting further clues from this week’s FOMC meeting minutes due to be released tomorrow and PMI data on Thursday. Technically speaking, Weekly and Daily structure is bullish. Though we can expect some correction...

DEEPASH_1234

XAUUSD is likely to face resistance around $2335 $2345 zone. Support is at $2280 area. Sell on rise towards resistance area.

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-Today the EURUSD pair depicted a sharp fall amidst a roll back in expectations of rate cut after an unexpected rise in US consumer inflation.With the fears of high inflation still looming, the pair came under pressure after the US Core CPI rose by 0.4% on m-o-m basis against expectations of 0.3%. - The pair today breached an important support area of...

DEEPASH_1234

There is still no signs of a bearish move or a correction downside after this sharp rally in this pair, but a word of caution can now be followed as the market enters into weekly resistance zone. Break of recent consolidation of 4 hr price pattern to downside is crucial to put bears on front stage. Watch of break below this 4 hour zone levels of first 183 n then...

DEEPASH_1234

The formation of ascending triangle on Daily charts on US 30 has started leading to thoughts that the uptrend has not come to a halt and might trigger new bullish guns once it breaks above the triangle. Weekly chart remains bullish. But either a pullback before upside or a direct break above the triangle pattern, this still needs to be thought before we take our...

DEEPASH_1234

Most of the currency pairs especially EURUSD, USDJPY, EURAUD,XAUUSD, have moved a significant part of their recent run and now may be around decisive levels where either they will continue to move their recent run or show a significant reversal. USDJPY if breaks support levels and if unable to sustain above 140.50 now may show a downside corrective move towards...