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(fxcue news) - Indian shares followed global peers lower on Wednesday, though falling oil prices on demand concerns helped limit overall losses. Markets opened deep in the red as worries about slowing U.S. and Chinese growth dented investors' appetite for risk globally. Economic activity in the U.S. manufacturing sector contracted in August for the fifth consecutive month and the 21st time in the last 22 months, raising concerns the world's largest economy is headed for recession. Elsewhere, a private survey revealed that growth in China's services sector activity slowed in August despite the summer travel peak. Buying emerged at lower levels as oil extended losses after falling nearly 5 percent on Tuesday amid demand concerns. The benchmark S&P/BSE hit a low of 81,833.69 during intraday trade before ending the session down 202.80 points, or 0.25 percent, at 82,352.64. The broader NSE Nifty index closed down 81.15 points, or 0.32 percent, at 25,198.70- giving up its 14-day winning streak. LTIMindtree, Hindalco, ONGC, Coal India and Wipro fell 1-3 percent in the Nifty pack, while Sun Pharma, UltraTech Cement, Hindustan Unilever, Grasim and Asian Paints rose 1-2 percent.

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South Korea GDP Shrinks 0.2% In Q2

Malaysia Bourse May Remain Stuck In Neutral

Taiwan Stock Market Due For Upward Correction

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In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

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Sensex

Sensex

South Korea GDP Shrinks 0.2% In Q2

Malaysia Bourse May Remain Stuck In Neutral

Taiwan Stock Market Due For Upward Correction

Sensex

Please sign in

Trader

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

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