I would consider to buy gold if the price drops to 2827 area. Good luck!
Support Zone 2854-2859 Pivot 2854.00 CURRENT TREND Long positions above 2854.00 with targets at 2879.00 & 2890.00 in extension. BREAKOUT Below 2854.00 look for further downside with 2840.00 & 2830.00 as targets. The next resistances are at 2879.00 and then at 2894.00. Supports and resistances 2900.00 2890.00 2879.00 2867.09 2854.00 2840.00 2830.00
The British pound rose above $1.25, its highest since January 7, as the US dollar weakened and the focus shifted to the Bank of England’s Thursday decision. Policymakers are expected to cut rates by 25bps to 4.5%, reflecting slowing growth and easing services inflation. Market sentiment remained cautious over US tariffs, with concerns about a US-China trade conflict impacting global stability. Meanwhile, UK input price inflation hit an 18-month high in January, according to the latest PMI report. The first resistance level for the pair will be 1.2500. In the event of this level's breach, the next levels to watch would be 1.2600 and 1.2650. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
Gold have been creating new highs for days now coupled with USD index being weak am looking forward to see price make a decision on two points Firstly to cover up the gap above the imbalance to 2867 to 2870 for new highs or to see price breaks the sell zone at 2855 for price to arrive at 2815 Lets know your views on this...........
The SA40 Index has rallied by almost 8% since the low of 13th Jan without a meaningful pause. I anticipate that we have reached a peak between 78900-79500 in which I am placing a SELL for at least 4000 points to support of 75k
The euro climbed above $1.04 as a weaker dollar and Trump’s tariffs fueled economic concerns. China retaliated with its own levies, escalating trade tensions. Meanwhile, Eurozone business activity rebounded after two months of decline. The ECB cut rates and hinted at more easing in March, with US tariffs potentially pressuring it to loosen policy further. Investors now expect the ECB’s deposit rate to fall to 1.87% by December. From a technical perspective, the first resistance level is at 1.0400, with further resistance levels at 1.0460 and 1.0515 if the price breaks above. On the downside, the initial support is at 1.0350, followed by additional support levels at 1.0220 and 1.0180.
WTI Crude Oil (West Texas Intermediate) Overview WTI Crude Oil is a benchmark for U.S. oil prices and is one of the most actively traded commodities worldwide. It plays a critical role in the global economy, and its price fluctuations are closely tied to supply-demand dynamics, geopolitical tensions, and macroeconomic factors. 1. Key Factors Affecting WTI Crude Prices: • Supply and Demand: OPEC+ production decisions, U.S. shale output, and global demand shifts significantly impact prices. • Geopolitical Tensions: Conflicts in oil-rich regions (like the Middle East) often cause price spikes due to supply concerns. • U.S. Dollar Strength: Since oil is priced in USD, a stronger dollar typically pressures oil prices downward. • Inventory Reports: • EIA Crude Oil Inventories (Wednesdays): Tracks U.S. oil stockpiles, influencing short-term price moves. • API Reports (Tuesdays): Offers a preview of official EIA data. • Global Economic Data: Growth indicators from major economies (like China and the U.S.) can influence demand expectations. 2. Best Times to Trade WTI Crude: • New York Session (8:00 AM - 2:30 PM EST): WTI futures trade on the NYMEX, making this period highly liquid. • EIA Inventory Release (Wednesdays at 10:30 AM EST): Often leads to sharp, short-term price movements. • OPEC+ Meetings & Announcements: Monitor these events closely for sudden price shifts based on production cuts or increases. 3. Popular Trading Strategies for WTI Crude: • Breakout Trading: Trade significant support/resistance levels, especially around inventory data or geopolitical news. • Trend Following: Use moving averages (e.g., 50-day and 200-day) to identify prevailing trends. • Range Trading: In low-volatility markets, capitalize on predictable price ranges between support and resistance. • News-Based Trading: React quickly to supply disruptions, OPEC decisions, or major geopolitical headlines. 4. Key Technical Indicators for WTI Crude: • Moving Averages (MA): Identify trend direction and dynamic support/resistance levels. • Relative Strength Index (RSI): Detect overbought (>70) or oversold (
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