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(fxcue news) - Indian shares may open on a tepid note Thursday after Nvidia reported strong second-quarter earnings, but an underwhelming revenue forecast threatened to cool an AI frenzy that has transformed the company into the world's second-most-valuable company. Traders also await the release of the Federal Reserve's preferred inflation gauge on Friday for signals on U.S. interest-rate reductions. Meanwhile, caution ahead of Reliance Industries' AGM and volatility on account of upcoming monthly expiry of derivative contracts may weigh on markets as the trading day progresses. Benchmark indexes Sensex and Nifty ended Wednesday's choppy session marginally higher, with IT stocks outperforming. The rupee fell by 3 paise to close at 83.96 against the dollar. Asian markets traded lower this morning, and the dollar held gains due to month-end buying and technical factors, while oil steadied after a two-day drop on concerns over Chinese demand. Gold ticked higher after Federal Reserve Bank of Atlanta President Raphael Bostic said it "may be time" to cut interest rates but he's still looking for additional data before supporting a reduction in rates. U.S. stocks ended lower overnight, with tech stocks coming under selling pressure before Nvidia's earnings release and Friday's PCE data. The Dow dipped 0.4 percent, the S&P 500 shed 0.6 percent and the tech-heavy Nasdaq Composite lost 1.1 percent. European stocks rose for a second straight session on Wednesday, with the pan-European STOXX 600 adding 0.3 percent to reach its highest level since mid-July. The German DAX rose half a percent and France's CAC 40 edged up by 0.2 percent while the U.K.'s FTSE 100 finished marginally lower.

Sensex

Sensex

Sensex

Japanese Market Modestly Lower

Asian Markets Track Wall Street Lower

Japanese Market Modestly Lower

Australian Market Notably Lower

Asian Markets Trade Mostly Lower

Sensex

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Trader

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.

Today, I made two gold trades and achieved a perfect profit

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Sensex

Sensex

Sensex

Japanese Market Modestly Lower

Asian Markets Track Wall Street Lower

Japanese Market Modestly Lower

Australian Market Notably Lower

Asian Markets Trade Mostly Lower

Sensex

Please sign in

Trader

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.

Today, I made two gold trades and achieved a perfect profit

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