Sell Gold Below 152100 SL ABOVE 153000 TGT 150800/150000
Macro
• Gold climbed above $4,400 an ounce on Wednesday, snapping a three-session losing streak as a weaker U.S. dollar made the greenback-priced metal more affordable for overseas buyers. The dollar’s decline was largely driven by a sharp appreciation in the Japanese yen this month.
• WTI crude oil extended its rally, while Brent crude touched the $100-a-barrel mark for the first time since July. Escalating hostilities in the Middle East, along with attacks on oil infrastructure and tankers, heightened concerns over broader disruptions to regional crude supplies.
• Copper futures eased to around $6.66 per pound, retreating from record highs as traders booked profits and reassessed the market’s underlying fundamentals. Copper had surged to fresh all-time highs earlier this week amid tariff uncertainty and tightening global supplies.
Panel One
* 15-minute candlesticks for a rolling three-day period have been plotted.
* Blue horizontal line shows an open gap which could either be up or down (open-gap up: low of next candle does not overlap the high of the prior candle, and vice versa for an open-gap down). The horizontal line showing the gap will only appear if the price has not visited the gap area.
Panel Two
* Plots the Slow Stochastics study to identify overbought (90 and above) and oversold (20 and below) areas.
* Signals are generated when the fast line (black) crosses the slow line (blue).
Panel Three
* Plots the Fisher Transform study that helps identify extremes and makes turning points clearer.
* Red bands lie between +2 and +3 and can be thought of as an area where a peak could occur. Green bands lie between -2 and -3 and often mark bottoms.
Gold
SELL GOLD BELOW 152100 SL ABOVE 153000 TGT 150800/150000.
* Nearby Support: 1,52,100/ 1,50,500/ 1,48,000
* Nearby Resistance: 1,54,000/ 1,56,000/ 1,57,500
* Nearby Gaps: NONE.
Silver
SELL SILVER BELOW 238900 SL ABOVE 243000 TGT 232000/229000.
* Nearby Support: 2,38,900/ 2,32,000/ 2,27,000
* Nearby Resistance: 2,42,000/ 2,47,000/ 2,52,000
* Nearby Gaps: NONE.
Crude Oil
BUY CRUDEOIL ABOVE 9050 SL BELOW 8950 TGT 9200/9280.
* Nearby Support: 8,900/ 8,770/ 8,600
* Nearby Resistance: 9,050/ 9,230/ 9,380
* Nearby Gap(s): 8,734.
Copper
BUY COPPER ABOVE 1417 SL BELOW 1410 TGT 1427/1436.
* Nearby Support: 1,402/ 1,391/ 1,380
* Nearby Resistance: 1,417/ 1,428/ 1,438
* Open Gap(s): 1,386.95.
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