SroshMayi

SroshMayi Updated 

Technical Analysis of Gold: The price reached our previous target of 2327 and then reversed. Closing a 4-hour candle above 2344 suggests it will likely reach 2354, with the potential to touch 2369 as well. However, if the price remains below 2344, it indicates a drop back to 2327 as the first target. Pivot Price: 2344 Resistance Levels: 2354, 2369,...

SroshMayi

Technical Analysis of Gold The price of gold has stabilized above 2354, suggesting it will likely reach 2369. A break above 2369 is needed to continue the bullish trend toward 2388. However, if the price remains below 2369, it may consolidate between 2369 and 2354. Should the price break below 2354 and stabilize, it is expected to drop to 2344. Pivot Price:...

SroshMayi

USNAS100 new forecast Technical Analysis: The price broke the resistance line was 18820, so now it will try to reach the next resistance trend which is 18980 and above it will get 19100, otherwise, it should break 18820 to be a bearish trend till 18730 and 18570 Pivot Line: 18,820 Resistance Levels: 18,980, 19,100, 19,210 Support Levels: 18,735,...

SroshMayi

SPx New Forecast The price of the S&P 500 reached the resistance line, and breaking this resistance, will support the price to reach the next resistance line which is 5350, If the price remains below 5305 and 5320, it will likely fall back to the support line at 5266. Breaking this level could extend the bearish trend towards 5226. Pivot Line: 5305 Resistance...

SroshMayi

Technical Analysis: For the NASDAQ, as long as the price trades below 18,820, it is likely to drop to 18,735. To continue the bearish trend towards 18,550, the price must break below 18,735. Conversely, if the price stabilizes above 18,820, a bullish scenario will be activated, supporting a rise towards 19,100. Pivot Line: 18,820 Resistance Levels: 18980,...

SroshMayi Updated 

Gold prices fell to a one-week low on Thursday, marking the third consecutive session of decline. This drop is attributed to profit-taking following the release of the Federal Reserve's latest meeting minutes, which suggested that interest rates would remain elevated for a longer period. Technical Analysis of Gold: The price of gold declined after breaching...

SroshMayi

Technical Analysis of Gold: Continuation of Bearish Trend with Key Levels The price maintained its bearish trend from yesterday, as indicated in our previous analysis starting from 2369, successfully hitting all our targets. The downward pressure remains intact, aiming for 2327 and 2304, provided the price continues to trade below 2354. A retest up to...

SroshMayi

Nasdaq Falls 2.0% Amid Investor Uncertainty and Fed Caution The Nasdaq fell by 2.0% on a subdued Thursday as investors adjusted their portfolios amid shifting market sentiment. The trading session was marked by an uneasy atmosphere following the release of the Federal Reserve's latest meeting minutes, which indicated that central bankers are in no hurry to...

SroshMayi

S&P 500 Falls 0.7% Amid Investor Uncertainty The S&P 500 OANDA:SPX500USD declined by 0.7% on a subdued Thursday as investors adjusted their portfolios amid fluctuating market sentiment. The trading session was marked by an uneasy atmosphere following the release of the Federal Reserve's latest meeting minutes, which indicated that central bankers are not in...

SroshMayi Updated 

Oil prices fell early Tuesday following a report that U.S. inflation increased more than anticipated, diminishing prospects for a reduction in U.S. interest rates. Meanwhile, OPEC maintained its positive demand forecast for 2024. West Texas Intermediate crude for June delivery decreased by $0.47 to $78.65 per barrel, and July Brent crude, the international...

SroshMayi Updated 

New Zealand Dollar Weakens as Inflation Expectations Hit Two-Year Low In early European trading on Monday, the New Zealand dollar declined against the US dollar and lagged behind most other major currencies after reports indicated that business inflation expectations for the current quarter had dropped to their lowest level in two years. Technically : The price...

SroshMayi Updated 

Nikkei Rises 0.7%, Driven by Banks and Energy Stocks Japanese stocks closed higher, with gains led by the banking and energy sectors, as the 10-year Japanese government bond (JGB) yield hit an 11-year high. Mizuho Financial Group rose 3.1%, and Sumitomo Mitsui Trust Holdings climbed 2.4%, following a 3-basis-point increase in the 10-year JGB yield to 0.975%,...

SroshMayi Updated 

Bitcoin Liquidates $85M in Shorts, Eyeing $100K Price Target Bitcoin saw a significant surge leading up to the previous daily close, with substantial buy liquidity driving the market close to $72,000. This rally resulted in the liquidation of $85 million in BTC shorts within the past 24 hours, according to data from CoinGlass. Statistician Willy Woo...

SroshMayi Updated 

Crypto Market Liquidations Top $330 Million in 24 Hours, Led by Ethereum As Bitcoin and Ethereum prices surged toward new all-time highs, short-term traders have borne the brunt of liquidations. In the past day alone, over $330 million was liquidated from the crypto market, primarily affecting short traders who anticipated a price decline. **Over 78,000 Traders...

SroshMayi Updated 

EUR/USD: Euro Dips Near $1.08 as Traders Await Fed Minutes Despite the anticipation, analysts foresee no surprises, expecting the familiar "we're data dependent" stance from the US central bank. Fed Chair Jerome Powell has repeatedly emphasized that policymakers are closely monitoring all incoming data and are prepared to reduce interest rates if signs indicate...

SroshMayi

Nvidia Shares Surge Over 6% in Premarket Trading Shares of Nvidia ( NASDAQ:NVDA ) rose more than 6% in premarket trading on Thursday following the company's impressive first-quarter results and CEO Jensen Huang's remarks about the soaring demand for its upcoming AI-optimized chip. Nvidia, a California-based semiconductor giant, has seen its data center...

SroshMayi

S&P 500 futures rose approximately 0.7%, and Nasdaq futures surged 1%, while Dow Jones futures gained about 60 points on Thursday, as traders reacted positively to Nvidia's quarterly results. Nvidia's earnings and revenue exceeded estimates due to strong demand for AI chips. Additionally, the company announced an optimistic sales forecast and a 10-for-1 stock...

SroshMayi

US30 New Forecast Nasdaq and S&P 500 Futures Rise on Chip Stock Rally Following Nvidia’s Positive Revenue Forecast Futures tracking the tech-heavy Nasdaq and the benchmark S&P 500 climbed on Thursday as chip stocks rallied, bolstered by Nvidia's optimistic revenue forecast, which strengthened investor confidence in the rapid growth of artificial intelligence...