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(fxcue news) - Indian shares look set to open on a positive note Monday after Wall Street's main indexes inched higher in a shortened Black Friday trading session. Overall gains, however, are likely to be remain limited after India's Q2 GDP data came in much lower at 5.4 percent against the estimate of 6.5 percent. Global factors like political uncertainty in France, Donald Trump seeking a commitment from the BRICS nations on using the dollar and a mixed set of economic data from China may also lead to profit taking at higher levels as the session progresses. Automotive stocks could be in focus today as companies release their monthly sales figures. The upcoming RBI policy meeting on December 6 remains on investors' radar, with market participants awaiting clarity on the start of rate cuts and growth prospects. Asian markets were broadly higher this morning, the dollar started the week modestly and gold prices were down nearly 1 percent while oil ticked higher after the release of Chinese data. U.S. stocks ended Friday's abbreviated session mostly higher following the Thanksgiving Day holiday the previous day. The Dow rose 0.4 percent, and the S&P 500 added 0.6 percent to reach new record closing highs as the year-end holiday season kicked off. The tech-heavy Nasdaq Composite climbed 0.8 percent on the prospect of softer-than-expected U.S. curbs on chip equipment sales to China. European stocks closed higher on Friday after the release of German retail sales, unemployment, French GDP and Eurozone inflation data. The pan European STOXX 600 advanced 0.6 percent. The German DAX rallied 1 percent, France's CAC 40 jumped 0.8 percent and the U.K.'s FTSE 100 finished marginally higher.

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Trader

Buy spot gold at 2643, take profit at 2652.

Today, all USDJPY, EURUSD, and GBPUSD trades were cut off...

If the gold market rises today, sell at 2652 and stop at 2657. The lower targets are 2634 and 2625, and leave. Buy at 2623-2621.

Operation suggestion: Short sell near gold 2650-52, loss 2658, look at 2640, 2635; Near 2635 in the data, you can also buy short and buy long!

Short selling (buy down) in batches around 2650-2652 for gold rebound, with a 2/10 position and a stop loss of 6 points. The target is around 2635-2630, with a break at the 2625 level;

Crude oil prices have risen and broken through, and bulls are expected to continue. In today's operations, it is recommended to consider a pullback layout and buy first, with high selling as a supplement. Focus on resistance at $71.4-72.4 above and support at $69.5-68.5 below.

We are considering a high sell low buy strategy for spot gold operations today, with a focus on resistance at $2655-2666 above and support at $2633-2620 below.

Gold is expected to rebound to around or above 2650 and sell short, with a loss of 2655. Short term view is 2630-25, with a target of around or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

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Sensex

Win Streak May Continue For Singapore Stock Market

China Shares Expected To Open In The Green

U.S. Construction Spending Climbs More Than Expected In October

Sensex

Dollar Tumbled Last Week After An Eight-week Rally

Pound Drops On Tariff Concerns

Sensex

European Shares Seen Mixed Amid Dispute Over French Budget

Please sign in

Trader

Buy spot gold at 2643, take profit at 2652.

Today, all USDJPY, EURUSD, and GBPUSD trades were cut off...

If the gold market rises today, sell at 2652 and stop at 2657. The lower targets are 2634 and 2625, and leave. Buy at 2623-2621.

Operation suggestion: Short sell near gold 2650-52, loss 2658, look at 2640, 2635; Near 2635 in the data, you can also buy short and buy long!

Short selling (buy down) in batches around 2650-2652 for gold rebound, with a 2/10 position and a stop loss of 6 points. The target is around 2635-2630, with a break at the 2625 level;

Crude oil prices have risen and broken through, and bulls are expected to continue. In today's operations, it is recommended to consider a pullback layout and buy first, with high selling as a supplement. Focus on resistance at $71.4-72.4 above and support at $69.5-68.5 below.

We are considering a high sell low buy strategy for spot gold operations today, with a focus on resistance at $2655-2666 above and support at $2633-2620 below.

Gold is expected to rebound to around or above 2650 and sell short, with a loss of 2655. Short term view is 2630-25, with a target of around or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

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