SroshMayi

SroshMayi

U.S. Equity Investors to Focus on Inflation Data to Gauge Potential Fed Rate Cuts This week, U.S. equity investors will closely monitor consumer and wholesale price inflation data to assess the likelihood and magnitude of potential interest rate cuts in September. The Dow Jones is expected to experience heightened volatility, particularly in response to the CPI...

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S&P 500 Technical Analysis: The price is currently trading below the pivot level of 5454, with a potential downside target of 5412. However, the price remains in a consolidation phase between 5456 and 5412 until a breakout occurs. A sustained move above 5454 would likely support a rise towards 5490 and potentially 5526. Conversely, maintaining a position below...

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Gold Technical Analysis - 9 Sep. 2024: The price is expected to follow a bearish trend if it remains below 2500, with potential targets at 2484 and 2475. A further decline could occur if the price closes a 4-hour candle below 2466, potentially targeting 2442. However, if the price reverses and stabilizes above 2500, it may signal a bullish move towards 2516,...

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S&P 500 Technical Analysis Stock Index Futures Decline as U.S. Recession Concerns Reemerge, JOLTs Report in Focus The price has retreated from its all-time highs, as previously noted, and continues to exhibit a bearish trend toward the 5,450 level. To reverse this downward momentum, the price would need to close a 4-hour candle above 5,526, which could then lead...

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Gold Technical Analysis for Today The price is expected to test the all-time high of 2,526.88. If the NFP and Unemployment Rate data exceed expectations, the price is likely to decline afterward. However, if the reports fall short of expectations, it will provide support for a rise toward 2,543 and 2,557. Key Levels: Pivot Point: 2516 - 2526 Resistance Lines:...

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Nasdaq Technical Analysis The Nasdaq price has declined and stabilized below the pivot range of 18,920, indicating a bearish trend. As long as the price remains below 18,760 and 18,920, further downside is expected, with potential targets at 18,420. A break below this level could extend the bearish trend. For a bullish reversal, the price would need to...

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NFP, Unemployment Rate, and Average Hourly Wage Data Set for Release Today The price declined by approximately 550 points, as highlighted in our previous analysis. From a technical standpoint, today's outlook remains bearish, supported by the positive U.S. jobs data. The price is projected to reach 40,470 and 40,320, with a potential break below 40,320 paving...

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Gold Futures Rise on Weak U.S. Jobs Data, Boosting Rate-Cut Optimism Gold Technical Analysis for today Current Outlook: Gold prices have once again approached resistance, driven by weak U.S. jobs data. However, today's release of ADP and ISM reports could negatively impact gold, especially if the ADP data comes in stronger than expected. As long as the price...

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Nasdaq Technical Analysis The Nasdaq price has stabilized below the pivot line at 18920, signaling a bearish trend, but there is a consolidation zone between 18915 and 19160 will make the price tries to test the 1910 level again, In general stability above 19160 will be an uptrend till 19430, and stability under 18915 will support falling to get 18760 and...

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ADP, Unemployment rate, and ISM figures are set to be released today. The price followed a bullish trend yesterday but has since corrected to the resistance at 41,030. A sustained position below 41,030 will reinforce the bearish trend, potentially driving the price towards 40,800 and 40,480. Conversely, a 4-hour candle close above 41,030 would signal a...

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Wall Street seems to be making a habit of these early-month stock plunges, with Tuesday's tremor a mild aftershock from the brief August quake one month ago. Nasdaq Technical Analysis The Nasdaq price has stabilized below the pivot line at 18920, signaling a bearish trend, As long as the price remains under 18920, it will likely continue declining, potentially...

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Gold Futures Technical Analysis Current Outlook: The price has a consolidation between 2508 and 2492 till breaking The downward momentum continues toward 2475, as long as the price remains below 2526 and 2509. Especially if it can stabilized under 2501 If the price remains above 2508, the bullish trend is expected to persist, targeting 2516 and 2526. Key...

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Nasdaq Technical Analysis The Nasdaq price has stabilized below the pivot line at 19,535, signaling a bearish trend, particularly given the significant bearish volume below this level. As long as the price remains under 19,535 and 19685, it is likely to continue declining, potentially reaching 19185. However, a break above 19685, followed by 19820 and...

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Dow Jones Breaks to New Closing Record as Tech Pullback Drags Nasdaq into Loss As long as trades above 41345 means will continue the bullish trend toward 41550 and 41800. Closing 4h candle under 41345 means there will be a bearish trend toward 41180 and 41030 Key Levels: Pivot Line: 41365 Resistance Levels: 41550, 41720, 41880 Support Levels: 41180, 41030,...

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S&P 500 Technical Analysis: The price recently tried to reach its ATH The current price will correct to 5620 and again will push up to get their ATH if can break 5643 otherwise should stabilize under 5620 to get 5584 and 5548 Key Levels: Pivot Line: 5643 Resistance Levels: 5675, 5709 Support Levels: 5620, 5584, 5525 Expected Trading Range for Today: The price...

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Market Update: Retest and Bullish Continuation Expected The price has already reached the resistance zone at 77.95, as noted in our previous analysis. Now, the price is expected to retest the 76.55 level before resuming its bullish trend towards 79.49. Bullish Scenario: For the bullish trend to continue, the price should stabilize above 77.94, targeting 79.49,...

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Dow Jones Still trades in the bullish zone As long as it trades above 41345 it will continue the bullish trend toward 41550 and 41800, especially after their retest on Friday. Closing 4h candle under 41345 means there will be a bearish trend toward 41180 and 41030 Key Levels: Pivot Line: 41550 Resistance Levels: 41720, 41880, 42020 Support Levels: 41345,...

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Gold Futures Technical Analysis Current Outlook: The price has dropped from its all-time high (ATH) and has reached our previously mentioned targets perfectly. The downward momentum continues toward 2475, as long as the price remains below 2526 and 2509. Especially if can stabilized under 2501 If the price remains above 2508, the bullish trend is expected to...