Varun Sharma

Strategic Investment Planner, Investment Trainer & Coach,Forex, Comex, Indices & Global Market Researcher, 12 years experienced NISM certified Technical Expert

[Varun Sharma @FxFxexpert5]

The #Fed is expected to cut #rates by 25 bps in December 2025, lowering the #Federal funds rate to 3.5%–3.75%, following similar moves in Sep.and Oct. The decision reflects a sharply cooling #labour market, even as several key data releases remain delayed due to the #shutdown

[Varun Sharma @FxFxexpert5]

#JeromePowell dampens hopes for July #ratecut
in his #CapitolHill testimony maintained a cautious stance on #rate cuts, citing uncertainty over #inflation impact from new #tariffs
He stressed the Fed's independence despite criticism from #DonaldTrump
#forextrading #XAUUSDSIGNAL

[Varun Sharma @FxFxexpert5]

US 10 Year #BondYields showing signs a #RateCut or Dovish Commentary from #FED
Bond Yields has made a #Head&shoulder Pattern on its daily chart which shows that #Federal might cut Interest Rates again(against a no Rate Cut Forecast) or the commentary may remain on #Dovish Side.

[Varun Sharma @FxFxexpert5]

#XAUUSD trading around $ 2680. If #NFP comes positive for #GOLD then it can test the level of 2690, 2700 & 2720 as well. On the other side if NFP comes negative for #goldprice and it comes below the level of 2670 then it can retest the level of 2665, 2655 & 2635 as well.

[Varun Sharma @FxFxexpert5]

#NFP
#USA is expected to add 164K jobs in Dec 24, down from 227K rebound driven by recovery from Boeing strikes and #HurricaneSeason . #unemployment is to hold at 4.2%,while wages may rise 0.3% keeping annual growth steady at 4%. Total 2024 payroll gains are projected at 2.144M

[Varun Sharma @FxFxexpert5]

@hajiyev_rashad A weekly close below the 50-day SMA could motivate sellers to drive Gold’s price lower. Support levels lie at $2,600, the 100-day SMA and near Nov. 14 low of $2,536. On the bullish side, if buyers reclaim $2,700, the next resistance would be the Dec. 12 peak at $2,726 & $2,790.

[Varun Sharma @FxFxexpert5]

A weekly close below 50 day #SMA could motivate #sellers to drive #GOLD price lower. #support levels lie at $2,600, the 100-day SMA and near Nov 14 low of $2,536.On the #Bullish side, if #buyers reclaim $2,700, the next #Resistance would be at $2,726, followed by $2,790.

[Varun Sharma @FxFxexpert5]

It seems the golden #metal found its fair value price within the $2,600-$2,700 #range near the 50 and 100-day #SimpleMoving Averages (#SMAs) at $2,670 and $2,597, respectively. A rising #trendline is coming from the lows of $2536 which could provide some #supports to #goldprices

[Varun Sharma @FxFxexpert5]

On weekly time-frame #GOLD has formed a #shootingstar #candlestick #pattern which shows that supply pressure is visible at higher ranges. #goldprice continued its correction after hitting a two-month peak of $2,726 before sliding toward the $2,650 region.
#xauusdsignal

[Varun Sharma @FxFxexpert5]

#Traders are now focusing to the #Fed’s #monetarypolicy meeting on December 17-18, with traders predicting a 93% chance of a 25 basis points (bps) #ratecut via data from the #Chicago Board of Trade (#CBOT)
#investors will eye #FedChair #Jerome #powell 's #pressconference
#CPI

[Varun Sharma @FxFxexpert5]

#DollarIndex is also up 0.89% & it seems like it is ready for a breakout form a 2 year Long Rectangle Patten The non-yielding metal also extended its losses after US #Secretary of State #AntonyBlinken said that he has seen encouraging signs that a #Gaza #ceasefire is possible.

[Varun Sharma @FxFxexpert5]

#Goldprices seen heavy selling pressure after making Week High at $2726 & closed at $2648 as high #USTreasurybond yields weighed on the #yellowmetal. For the whole week US #10YearBondYields have #traded with positive bias & are up 5.93% on weekly basis(CMP 4.40%)
#xauusdsignal

[Varun Sharma @FxFxexpert5]

#XAUUSD
Imp Events this #Week for #Dollar & #goldprice

👉Flash Manufacturing #PMI
👉Flash #ServicesPMI
👉Core #Retails Sales
👉#RetailSales
👉#Fedral #FundRates & #FOMC Statement
👉 Final #GDP & #unemployment Claims
👉Core #PCE Price Index

#comex #trading #Dubai #traders

[Varun Sharma @FxFxexpert5]

Breaking:- US #CPI annual #inflation rises 2.9%, below expectations for 3.0%. #Core CPI inflation increased 3.2% Y/Y, matching forecasts for a gain of 3.2%.✅ r-h9hxbl">The #FederalReserve has a green light to cut rates in Sep.
#XAUUSD #GOLD #Usdchf #PPI #TradingNews

[Varun Sharma @FxFxexpert5]

Right now #xauusd held around $ 2322. If it comes below the level of 2315 then it can test the level of 2305, 2290 & 2273 as well. On the other side if it sustains above the level of 2350 then we can see again bull till the level of 2400 as well.
#comex #forexsignals #indices

[Varun Sharma @FxFxexpert5]

#xauusd was closed on Friday at daily lower levels after testing the high level of $ 2368 in the last trading session as As the global economy grapples with ongoing challenges, careful consideration must be paid to the behavior of key commodities entering the third quarter.#gold

[Varun Sharma @FxFxexpert5]

#FOMC, #Fed #Powell
The U.S. central bank is widely expected to hold its benchmark overnight #interestrate steady, and thus the main focus will be on what Chair #JeromePowell has to say in his news conference.

[Varun Sharma @FxFxexpert5]

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[Varun Sharma @FxFxexpert5]

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LUCKNOW VS RCB 🥵

[Varun Sharma @FxFxexpert5]

Right now #GBPUSD is trading around $ 1.2679. If it sustains above the level of 1.2700 then it can test the level of 1.2750, 1.28 & 1.2850 as well. On the other side if it sustains above the level of 1.2650 then it can retest the level of 1.26, 1.2550 & 1.25 as well

[Varun Sharma @FxFxexpert5]

#GBPUSD was UP on Thursday morning after testing the low level of $1.2657 in the last trading session as investors digested a slew of economic data while preparing for the first Bank of #England policy meeting of 2024 later this week.