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(fxcue news) - Indian shares may open lower on Monday after the S&P 500 and Nasdaq notched their biggest one-day losses in two weeks Friday. That said, mostly positive cues from other Asian markets this morning may help limit overall losses to some extent. FII flows along with trends in U.S. bond yields and oil prices may influence trading sentiment as the week progresses. Asian markets traded mostly higher this morning ahead of China's loan prime rate announcement and the release of Japan inflation data. The dollar climbed against the yen while gold rebounded from its worst weekly drop since 2021. Oil prices edged up after fighting between Russia and Ukraine intensified over the weekend. U.S. stocks fell sharply on Friday and the yield on the 10-year note touched a six-month high as recent economic data on inflation and retail sales coupled with comments from senior Fed officials, including Chair Jerome Powell, weakened the case for a December rate cut by the Federal Reserve. Data showed earlier in the day that sales at retailers rose solidly in October, suggesting the economy still has plenty of momentum heading into the holiday shopping season. Another report showing unexpected gains in both import and export prices added to worries about sticky inflation. The tech-heavy Nasdaq Composite plunged 2.2 percent, the S&P dropped 1.3 percent and the Dow shed 0.7 percent. European stocks closed lower on Friday, weighed down by disappointing earnings, concerns over Trump's potential tariffs and uncertainty over Fed's policy. The pan European STOXX 600 fell 0.8 percent. The German DAX dipped 0.3 percent, France's CAC 40 gave up 0.6 percent and the U.K.'s FTSE 100 slid 0.1 percent.

Sensex

European Stocks Close Lower On Rate Cut Uncertainty

Japanese Market Significantly Lower

European Shares Poised To Open On Firm Note

Thai Shares May Take Further Damage On Monday

Asian Markets Trade Mostly Higher

Analyst: Gold experiences its biggest weekly decline in three years, seeing $2400 by the end of the year

Sensex

European Economic News Preview: Eurozone Foreign Trade Data Due

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Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

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Sensex

European Stocks Close Lower On Rate Cut Uncertainty

Japanese Market Significantly Lower

European Shares Poised To Open On Firm Note

Thai Shares May Take Further Damage On Monday

Asian Markets Trade Mostly Higher

Analyst: Gold experiences its biggest weekly decline in three years, seeing $2400 by the end of the year

Sensex

European Economic News Preview: Eurozone Foreign Trade Data Due

Please sign in

Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

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