The group will likely crown the bears as the week runs to a close
World gold prices decreased in the context of an increase in the USD. Recorded at 9:40 a.m. on December 6, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,792 points (up 0.08%). Gold price after the US released weekly unemployment claims data. The number of dependents applying for new unemployment benefits increased slightly last week, indicating that the labor market continues to gradually cool. In addition, the yield on 10-year US government bonds increased by 0.3%, bitcoin price surpassed 100,000 USD for the first time in session 5.12. The market is also waiting for US non-agricultural employment data to get more information about the US Federal Reserve's (FED) stance on interest rate cuts. Early this morning, world gold prices suddenly dropped sharply after many struggling sessions. According to Kitco, Donald Trump's US Presidential election victory and his focus on "America First" policies, aimed at supporting the economy and a stronger USD, have made gold investors global. Demand reduces participation in this precious metal. ? XAUUSD SELL 2645 - 2647? ? TP1: 2630 ? TP2: 2620 ? TP3: OPEN ? SL: 2656
Its supply and demand ratio in the future as well as technical swch
If it stabilizes above this area, the dot flight can begin.
BINANCE:COTIUSDT OTC:COTI - Big green candle awaited! ??? - Vertical accumulation on H4 below major resistance! ? - Safe uptrend on the daily chart ? - Weekly chart looks strong with a clean breakout (SSB) & bullish katana ✅ - Recent news (Bankor, V2 upgrade) are also bullish! ? The breakout is going to be huge! ? **Upper key resistance zones:** ? **$0.2100 - $0.2200** | **$0.2500** | **$0.2700** Zooming out on the weekly view, OTC:COTI is set for a medium-term run toward **$0.4000**! ? *Not financial advice* ?
BINANCE:THETAUSDT - Interesting chart pattern. Seems a continuation pennant to me. Also volume supports this cause and is seemingly in a good demand zone. All the best.
Sonata Software, on the 1-hour timeframe, demonstrates a strong bullish momentum with TP1, TP2, and TP3 successfully achieved. TP4 is within close range and is likely to hit as the trend continues on the Risological Swing Trading Indicator. Sonata Software Key Levels: TP1: 587.45 ✅ TP2: 621.10 ✅ TP3: 654.75 ✅ TP4: 675.55 (Pending) Sonata Software Technical Analysis: The trade was initiated at 566.65, following a clear breakout above the Risological Trend Line. The consistent upward momentum indicates a strong trend, with well-marked take-profit levels and a tight stop-loss at 549.85 to manage risk effectively. With TP4 nearly achieved, the bullish momentum suggests further upside potential. Traders should closely monitor the price action near TP4 for possible profit-taking or further extension. Namaste!
Today’s Gold trading zones: For educational purposes only, use at your own risk.
hello traders. Share your opinion about this chart current price 2637 2630/2632 is our supporting zone. if market touches this position then markets next move will be 2648 and 2655 which is our demand zone. for more information study my chart kindly like, comment and support. Thanks
Larsen & Toubro (LT), on the 1-hour timeframe, has showcased a precise long trade setup using the Risological Swing Trading Indicator . With TP1 and TP2 already achieved, the trade now targets higher levels as momentum sustains. Key Levels: TP1: 3658.85 ✅ TP2: 3786.40 ✅ TP3: 3913.95 (Pending) TP4: 3992.75 (Pending) Technical Analysis: The price crossed the Risological Trend Line , giving a clear bullish entry signal at 3580.00, backed by strong market sentiment. The stop-loss was secured at 3516.25 to ensure a well-defined risk-reward ratio. The steady rise above the trend line and the achievement of initial targets highlight the reliability of the system. The trade remains bullish, with the price continuing to climb steadily toward TP3 and TP4, suggesting further upside potential.