Fundamental Analysis
Market Players Still Speculating Positively on GoldFrom a technical perspective, dip buying on Wednesday emerged after this week’s breakout through the $3,324-3,326 barrier.
Moreover, oscillators on the daily/hourly charts comfortably hold in the positive territory and suggest that the path of least resistance for gold prices is upwards. However, any subsequent up-move could face some resistance near the $3,380 region ahead of the $3,400 range or the multi-week highs touched on Tuesday.
Sustained strength above the latter should allow the XAU/USD pair to retest the all-time tops touched in April and make a fresh attempt to conquer the psychological $3,500 mark.
On the flip side, weakness below the $3,355 area might continue to attract some dip buying buyers and is likely to remain limited near the aforementioned resistance breakout point around the $3,326-3,324 region.
However, some follow-through selling could leave the commodity vulnerable to weakening further below the $3,300 level and test the $3,286-3,285 horizontal support.
Beyond Bits: Is D-Wave Quantum the Unseen Power?D-Wave Quantum is rapidly solidifying its position as a transformative force in the burgeoning field of quantum computing. The company recently achieved a significant milestone with its Advantage2 system, demonstrating "beyond-classical computation." This breakthrough involved solving a complex simulation problem for magnetic materials in minutes, a task that would have required nearly a million years and the equivalent of the world's annual electricity consumption from the most powerful classical supercomputers. This distinct achievement, rooted in D-Wave's specialized quantum annealing approach, sets it apart from other industry players, including Google, which primarily focuses on gate-model quantum architectures.
D-Wave's unique technological focus translates into a formidable commercial advantage. It stands as the sole provider of commercially available quantum computers, which excel at solving intricate optimization problems—a substantial segment of the overall quantum computing market. While competitors grapple with the long-term development of universal gate-model systems, D-Wave's annealing technology delivers immediate, practical applications. This strategic differentiation allows D-Wave to capture and expand its market share within an industry poised for exponential growth.
Beyond its commercial prowess, D-Wave plays a critical role in national security. The company maintains deep ties with elite U.S. national security entities, notably through its backing by In-Q-Tel, the CIA's venture capital arm. Recent installations, such as the Advantage2 system at Davidson Technologies for defense applications, underscore D-Wave's strategic importance in addressing complex national security challenges. Despite its groundbreaking technology and strategic partnerships, D-Wave's stock experiences considerable volatility. This reflects both the speculative nature of a nascent, complex industry and potential market manipulations by investment houses with conflicting interests, highlighting the intricate dynamics surrounding disruptive technological advancements.
Gold price returns to 3400?
📣 Gold Information
Gold prices gave up some of Monday's gains on Tuesday, falling more than 0.80% as strong U.S. labor market data reinforced expectations of a strong economy and put pressure on the non-yielding metal. As of writing, XAU/USD was trading around $3,348, hitting an intraday high of $3,392.
Investor sentiment picked up after the latest U.S. Job Openings and Labor Turnover Survey (JOLTS) showed a sharp increase in job openings in April, indicating a continued tight labor market. The optimistic data came this week, which will see a series of key employment reports released, including the ADP employment change data for May released on Wednesday and the much-anticipated non-farm payrolls data on Friday, both of which could affect expectations of Fed policy.
📊Comment Analysis
Gold prices maintain bullish momentum, tariff momentum coupled with current unfavorable economic data
💰Strategy Package
🔥Sell Gold Area: 3411-3413 SL 3418
TP1: $3400
TP2: $3390
TP3: $3380🔥
Buy Gold Area: $3332-$3330 SL $3325
TP1: $3345
TP2: $3358
TP3: $3370
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose a lot size that matches your funds
- Profit is 4-7% of the capital account
- Stop loss is 1-3% of the capital account
Correction on EURUSDEURUSD continues to move exactly as expected and reached the support zone yesterday.
Now watch for a potential bounce and new buying opportunities.
The ECB’s interest rate decision is due tomorrow, and important USD news is coming on Friday.
This means we could see larger and potentially misleading moves, so make sure to reduce your risk!
Euro Pulls Back – Eyes on ECB and Tariff TurmoilCMCMARKETS:EURUSD FX:EURUSD EUR/USD pulled back from a six-week high of 1.1454 to trade near 1.1379, down 0.52% on Tuesday, as strong U.S. labor market data and revived trade tensions lifted the dollar. April JOLTS job openings rose to 7.39M, beating expectations, signaling a resilient U.S. economy despite a 3.7% drop in factory orders.
In parallel, Trump’s announcement to double tariffs on steel and aluminum has reignited trade war concerns. Markets are also watching for a potential Trump–Xi call later this week.
Meanwhile, the Euro lost ground after May HICP inflation in the Eurozone fell to 1.9%, below the ECB’s 2% target. With core inflation slowing as well, markets have priced in a 25 bps rate cut at Thursday’s ECB meeting.
Technically, OANDA:EURUSD EUR/USD is still trading within a rising channel but rejected key minor resistance zone just below the descending trendline. A confirmed breakout above this area could open the path toward monthly resistance near 1.1559. On the downside, Support Zone 1 (around 1.1375) must hold to maintain the bullish bias; further weakness may expose Support Zone 2 (around 1.1338)
Resistance : 1.1445 , 1.1559
Support : 1.1375 , 1.1338
RAMKAY INFRA technical analysis Ramky Infrastructure Ltd. (NSE: RAMKY) is currently trading at INR 510. The company operates in the engineering and infrastructure development sector, specializing in environmental services, real estate, and industrial projects across India.
Key Levels
Support Levels: INR 312.90, INR 461.70, INR 545.45
Swing Level: INR 634.05
Possible Upside Levels: INR 949.60, INR 1,098.40, INR 1,287.95
Technical Indicators
RSI: The Relative Strength Index (RSI) is at 50.03, indicating neutral momentum, meaning the stock is balanced without strong bullish or bearish pressure.
Volume: Trading volume has been stable, reflecting consistent investor interest. A surge in volume at resistance levels could confirm a breakout toward higher price points.
Sector and Market Context
Ramky Infrastructure Ltd. operates in India’s construction and infrastructure sector, benefiting from government-backed urban development projects, road construction initiatives, and smart city planning. The sector has seen strong demand growth, bolstered by budget allocations for capital expenditures and private sector participation in infrastructure financing. However, fluctuations in construction material costs, regulatory approvals, and financial structuring remain key risk factors. Investors continue to monitor India’s infrastructure investment trends, which provide long-term stability but are subject to economic cycles.
Latest News and Developments
Market Trends: Strong institutional interest in construction and infrastructure stocks, driven by India’s focus on urban expansion.
Analyst Ratings: Recent reports suggest positive earnings growth, backed by new project acquisitions and improved execution timelines.
Quarterly Results: The company reported consistent revenue and stable profit margins, despite higher operational costs.
Dividend Update: The firm has declared a dividend of ₹6 per share, reinforcing investor confidence in its financial stability.
Analysis Summary
Ramky Infrastructure Ltd. presents a stable technical setup, with RSI reflecting neutral positioning and price movement near key levels. Volume trends suggest continued investor engagement, while sector-wide expansion supports long-term growth potential. Investors should monitor price action at resistance levels, upcoming project approvals, and broader economic indicators before making investment decisions. A cautious but strategic approach is advisable, considering market volatility and cyclical industry risks
Gold Outlook: Breakout Signals Further Upside PotentialGold FX:XAUUSD is currently in a strong uptrend, backed by both technical breakout and positive fundamentals. The price has decisively cleared the key resistance zone of $3,365–$3,370 and is hovering around $3,368. A healthy pullback to retest this zone could offer a high-probability long setup, with the next target projected at $3,470.
On the macro side, renewed U.S.–China trade tensions—following Trump’s accusations and tariff threats—along with the ongoing Russia–Ukraine conflict, continue to fuel safe-haven demand for gold.
Technically, the structure remains bullish. However, a breakdown below $3,335 would invalidate the current setup and may lead to a deeper correction.
Let’s keep a close eye on this pullback zone. If momentum holds, gold could be gearing up for the next leg higher.
Take care and trade smart
Asian session main long and auxiliary short operation
📣Gold information
There are two main reasons for the rise in international gold prices: First, global trade frictions have intensified. Trump said that he would raise tariffs on steel and aluminum. The EU strongly opposed it and prepared to implement countermeasures. Brazil is also ready to counter, and the market is worried that the United States will resume the "big stick" of tariff policy; second, in terms of geopolitical conflicts, the market is worried that the conflict between Russia and Ukraine will escalate again. Overall, the medium- and long-term rise in gold has not changed, and there is still uncertainty as to whether it can successfully break through the resistance level in the short term.
📊Comment analysis
Today, we need to pay attention to the support effect of the moving average. The current 5-day moving average is near 3340, and the 10-day moving average is near 3325. These two positions constitute important support areas for the short-term correction of gold prices. In terms of upper resistance, pay attention to yesterday's high of 3392. If the gold price can break through this resistance level upward, it means that the upward momentum is strong, and it is expected to continue the strong trend and further open up the upward space.
In terms of points, pay attention to the support near yesterday's low of 3333 below, and the resistance near 3360 and 3370 above.
💰Strategy Package
🔥Sell Gold Zone: 3365-3370 SL 3375
TP1: $3355
TP2: $3340
TP3: $3325
🔥Buy Gold Zone: $3325-$3330 SL $3320
TP1: $3345
TP2: $3355
TP3: $3365
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
Daily Analysis- XAUUSD (Wednesday, 4th June 2024)Asian + London Session
Bias: No Bias
USD News(Red Folder):
- ADP Non-Farm Employment Change
- ISM Services PMI
Notes:
- Strong bearish closure on daily
- Looking for price to retest 4hr structure high
OR looking for price to retest 0.5 fib level
- Potential BUY/SELL if there's confirmation on
lower timeframe
- Pivot point: 3290,3400
Bias on gold is still a retracement to the demand zoneHoping today price will reach the demand zone before the long buys
Price did fall 400pips but tapped into the fair value gap and rose again as usual
Hopefully price will reach the demand zone before rising or breaking the demad zone
like follow for more dialy trades updates on gold
SHOP - Weekly - Future Looks PromisingShopify (SHOP) appears to be on a strong upward trajectory, technically positioned within a sustained monthly channel that suggests continued appreciation. This outlook is bolstered by consistent revenue growth since 2020 and a robust recovery from its 2022 net income deficit, with the company demonstrating improved free cash flow and cash equivalents in 2024. Given its healthy financials, dominant market share in e-commerce platforms over competitors like Wix and Squarespace, and high user engagement, Shopify presents a compelling long-term investment opportunity for those seeking a strong return on investment.
Not financial advice, always do your due diligence
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- RoninAITrader
Columbus McKinnon Corp | CMCO | Long at $14.90Columbus McKinnon Corp NASDAQ:CMCO is a stock that is highly cyclical, moving in "boom and bust" cycles every 3-5 years. As indicated by its entry into my "crash" simple moving average area (currently between $11 and $13), it may be nearing the end of its bust cycle (time will tell). With a book value at $31, debt-to-equity of 0.6x (healthy), quick ratio over 1 (healthy), insiders buying over $1 million in the past 6 months, a 2% dividend yield, and earning forecast to grow after 2025, NASDAQ:CMCO may be a hidden gem for double-digit returns in the coming years. But every investment is a risk.
Thus, at $14.90, NASDAQ:CMCO is in a personal buy zone.
Targets:
$25.00 (+67.8%)
$30.00 (+101.3%)
GOLD1. Gold and 10-Year Bond Yield
Gold and 10-year Treasury yields generally exhibit a strong inverse correlation. When bond yields rise, gold prices tend to fall, and vice versa.
This is primarily because higher yields increase the opportunity cost of holding gold, which does not pay interest or dividends. Investors prefer bonds when yields rise, reducing gold demand.
However, the key driver for gold is real interest rates (nominal yield minus inflation). Even if nominal yields rise, if inflation rises faster, real yields can remain low or negative, which supports gold prices.
Historical data shows gold often rises during periods of falling real yields, even if nominal yields fluctuate. For example, gold surged in the 1970s despite rising nominal rates due to high inflation and negative real yields.
2. Gold and Dollar Index (DXY)
Gold and the US dollar index (DXY) usually have an inverse relationship.
A stronger dollar makes gold more expensive in other currencies, reducing demand and lowering prices. Conversely, a weaker dollar supports gold by making it cheaper internationally.
However, during times of geopolitical uncertainty or market stress, both gold and the dollar can rise together as safe havens.
3. Interest Rates and Gold
Central bank interest rates influence bond yields and the dollar, indirectly affecting gold.
Rising interest rates tend to push bond yields higher and strengthen the dollar, both of which typically pressure gold prices.
Conversely, expectations of rate cuts or dovish monetary policy lower yields and weaken the dollar, supporting gold.
The real interest rate is the most important factor: low or negative real rates reduce the opportunity cost of holding gold, boosting its appeal.
4. Summary of Interactions
Factor Relationship with Gold Explanation
10-Year Bond Yield Inverse Higher yields raise opportunity cost, reducing gold demand
Real Interest Rate Inverse Negative or low real rates support gold
Dollar Index (DXY) Inverse Strong dollar makes gold more expensive globally
Nominal Interest Rate Inverse Higher rates strengthen dollar and yields, pressuring gold
Conclusion
Gold prices are strongly influenced by the interplay of real interest rates, bond yields, and the US dollar. Rising nominal yields and a strong dollar generally weigh on gold, but if inflation outpaces yields, resulting in low or negative real rates, gold remains attractive as a hedge. This dynamic explains gold’s resilience despite fluctuating bond yields and dollar strength in 2025.
$EUIRYY - Europe CPI below 2% Target (May/2025)ECONOMICS:EUIRYY 1.9%
May/2025
source: EUROSTAT
- Eurozone CPI eased to 1.9% year-on-year in May 2025,
down from 2.2% in April and below market expectations of 2.0%.
This marks the first time inflation has fallen below the European Central Bank’s 2.0% target since September 2024, reinforcing expectations for a 25 basis point rate cut later this week and raising the possibility of additional cuts.
A key driver of the deceleration was a sharp slowdown in services inflation, which dropped to 3.2% from 4.0% in April, its lowest level since March 2022.
Energy prices continued to decline, falling by 3.6% year-on-year, while inflation for non-energy industrial goods held steady at 0.6%.
In contrast, prices for food, alcohol, and tobacco accelerated, rising 3.3% compared with 3.0% the previous month.
Meanwhile, core inflation, which excludes volatile food and energy components, slipped to 2.3%, the lowest reading since January 2022. source: EUROSTAT