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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 directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

Spot gold trading strategy today: sell 2597-2600, stop loss 2609, target at 2585-2577.

EURUSD, XAUUSD profit close trading

Today's gold trading stopped losses, we will continue tomorrow.

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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 directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

Spot gold trading strategy today: sell 2597-2600, stop loss 2609, target at 2585-2577.

EURUSD, XAUUSD profit close trading

Today's gold trading stopped losses, we will continue tomorrow.

Tags

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