Lingering doubts about a September rate cut dissipated after dismal U.S. job market data. The U.S. economy created just 73,000 jobs last month, according to the Bureau of Labor Statistics. Furthermore, total job growth in May and June was revised downward by 258,000 jobs. According to the revised data, only 14,000 jobs were created in June and 19,000 in May.

Lingering doubts about a September rate cut dissipated after dismal U.S. job market data. The U.S. economy created just 73,000 jobs last month, according to the Bureau of Labor Statistics. Furthermore, total job growth in May and June was revised downward by 258,000 jobs. According to the revised data, only 14,000 jobs were created in June and 19,000 in May.

Gold came under intense selling pressure after the Federal Reserve kept interest rates unchanged and Fed Chairman Powell raised uncertainty about a possible rate cut in September.#BrokerEvaluation#SharingTradingMistakesAndGrowth

Gold came under intense selling pressure after the Federal Reserve kept interest rates unchanged and Fed Chairman Powell raised uncertainty about a possible rate cut in September.#BrokerEvaluation#SharingTradingMistakesAndGrowth

Gold prices saw an impressive rally last Friday, driven by a plunging dollar. "Looking at the chart, bulls were on a rampage that day, with $3,400 less than 2% away," he said. "With prices breaking through the $3,330 resistance level, the weekly chart is significantly bullish. A weekly close above this level could signal a move towards $3,400."

Gold prices saw an impressive rally last Friday, driven by a plunging dollar. "Looking at the chart, bulls were on a rampage that day, with $3,400 less than 2% away," he said. "With prices breaking through the $3,330 resistance level, the weekly chart is significantly bullish. A weekly close above this level could signal a move towards $3,400."

Spot gold closed at $3,363.16, up 2.23% on the day, or $73.24, to a high of $3,363.37.#BrokerEvaluation

Spot gold closed at $3,363.16, up 2.23% on the day, or $73.24, to a high of $3,363.37.#BrokerEvaluation

Gold rebounded strongly late last week, shaking off losses at the start of the week and surging towards key resistance at $3,400 an ounce as weak U.S. jobs data rekindled hopes for a September rate cut by the Federal Reserve.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Gold rebounded strongly late last week, shaking off losses at the start of the week and surging towards key resistance at $3,400 an ounce as weak U.S. jobs data rekindled hopes for a September rate cut by the Federal Reserve.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The weak U.S. non-farm payroll data in July has injected new confidence into gold bulls, and the price of gold is expected to reach $3,400.#SharingTradingMistakesAndGrowth

The weak U.S. non-farm payroll data in July has injected new confidence into gold bulls, and the price of gold is expected to reach $3,400.#SharingTradingMistakesAndGrowth

The U.S. Bureau of Labor Statistics released employment data for July last week, showing that the U.S. economy created only 73,000 jobs that month. In addition, total job growth in May and June was revised downward by 258,000.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The U.S. Bureau of Labor Statistics released employment data for July last week, showing that the U.S. economy created only 73,000 jobs that month. In addition, total job growth in May and June was revised downward by 258,000.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Technically, the bullish trend remains. As long as gold prices do not fall below the $3,300 support level, bulls may still be able to challenge the highs again. In the near term, focus will be on US factory orders data and market risk sentiment.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Technically, the bullish trend remains. As long as gold prices do not fall below the $3,300 support level, bulls may still be able to challenge the highs again. In the near term, focus will be on US factory orders data and market risk sentiment.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Brokers charge both buyers and sellers of currency pairs in the form of a spread. However, the extent of spread can differ based on its type. Commonly speaking, forex brokers offer two types of spreads - Fixed Spread and Variable Spread. A spread, as a concept, is the difference between the selling and buying price of a currency pair. Fixed Spread - Here, the spread remains constant no matter the market conditions. Traders feel a great deal of predictability in their trading costs. The capital needs are lower here. It sort of calms you when a broader market becomes highly volatile. Variable Spread - This differs based on several factors, including liquidity, market volatility, supply-demand dynamics, and economic indicators. The spread increases or decreases based on the variation in bid and ask prices for currency pairs owing to different market conditions.

Brokers charge both buyers and sellers of currency pairs in the form of a spread. However, the extent of spread can differ based on its type. Commonly speaking, forex brokers offer two types of spreads - Fixed Spread and Variable Spread. A spread, as a concept, is the difference between the selling and buying price of a currency pair. Fixed Spread - Here, the spread remains constant no matter the market conditions. Traders feel a great deal of predictability in their trading costs. The capital needs are lower here. It sort of calms you when a broader market becomes highly volatile. Variable Spread - This differs based on several factors, including liquidity, market volatility, supply-demand dynamics, and economic indicators. The spread increases or decreases based on the variation in bid and ask prices for currency pairs owing to different market conditions.

Currently, the price of gold is suppressed by the short-term rebound of the US dollar, but the multiple supporting factors behind it remain strong: expectations of a September rate cut by the Federal Reserve continue to strengthen, concerns about the stability of monetary policy, and geopolitical uncertainty increase demand for safe-haven assets.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Currently, the price of gold is suppressed by the short-term rebound of the US dollar, but the multiple supporting factors behind it remain strong: expectations of a September rate cut by the Federal Reserve continue to strengthen, concerns about the stability of monetary policy, and geopolitical uncertainty increase demand for safe-haven assets.#SharingTradingMistakesAndGrowth#BrokerEvaluation

If the gold price breaks through $3,370 again, it will open up upward space to test the $3,400 mark. If the momentum continues, it will look up to the previous high resistance area of $3,430, and even challenge the historical high of $3,500.#SharingTradingMistakesAndGrowth#BrokerEvaluation

If the gold price breaks through $3,370 again, it will open up upward space to test the $3,400 mark. If the momentum continues, it will look up to the previous high resistance area of $3,430, and even challenge the historical high of $3,500.#SharingTradingMistakesAndGrowth#BrokerEvaluation

If gold prices fall below the above-mentioned moving average, it may attract buying intervention in the $3,320 area, and further support is at the $3,300 mark. This position is the medium-term bull-bear watershed, and if it falls through, the bears tend to dominate.#SharingTradingMistakesAndGrowth#BrokerEvaluation

If gold prices fall below the above-mentioned moving average, it may attract buying intervention in the $3,320 area, and further support is at the $3,300 mark. This position is the medium-term bull-bear watershed, and if it falls through, the bears tend to dominate.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Gold prices maintained a short-term bullish pattern after breaking through the key level of $3,335 last Friday and stabilizing above the 100-day moving average on the 4-hour chart.#BrokerEvaluation#SharingTradingMistakesAndGrowth

Gold prices maintained a short-term bullish pattern after breaking through the key level of $3,335 last Friday and stabilizing above the 100-day moving average on the 4-hour chart.#BrokerEvaluation#SharingTradingMistakesAndGrowth

The July non-farm payroll data released on Friday showed only 73,000 new jobs added, far below the expected 110,000. Meanwhile, the May and June figures were significantly revised downward. The unemployment rate rose to 4.2%, and the labor force participation rate fell slightly to 62.2%, reflecting a continued cooling of the US labor market.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The July non-farm payroll data released on Friday showed only 73,000 new jobs added, far below the expected 110,000. Meanwhile, the May and June figures were significantly revised downward. The unemployment rate rose to 4.2%, and the labor force participation rate fell slightly to 62.2%, reflecting a continued cooling of the US labor market.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The constant price fluctuation in the forex market makes many investors balance their exposure using forex hedging. Forex hedging deals with opening additional positions strategically to limit potential losses on a trade. There are basically three types of forex hedging strategies investors employ. These are simple forex hedging strategy, multiple currencies hedging strategy, and forex options hedging strategy. Simple Forex Hedging Strategy - With this, you open the opposing position to an existing trader. So, if you have taken a long position on a currency pair, you will then take a small position on the same currency pair. This is a direct hedge whose goal is to limit your losses and not generate profits. Multiple Currencies Hedging Strategy - Here, you need to choose two currency pairs with a positive correlation with each other. So, if you have taken a short position on EUR/USD but opted to hedge your USD exposure by selecting a long position on GBP/USD. In case the EURO falls against the USD, a long GBP/USD position would mean a loss for you. However, the profit on EUR/USD will help limit the losses. Forex Options Hedging Strategy - With this strategy, traders get the right to exchange a currency pair at a given price prior to the expiry. Options help reduce your exposure. In case you take a long position of AUD/USD at $0.90. However, you decide to hedge your risk using a put option at $0.90 with a 1-month expiry after anticipating a sharp fall. So, if upon expiry, the price falls below $0.90, your long position would incur a loss. However, the option feature will help balance your exposure. In the case of AUD/USD rising, wait for the option to expire. You can thus only pay for the premium.

The constant price fluctuation in the forex market makes many investors balance their exposure using forex hedging. Forex hedging deals with opening additional positions strategically to limit potential losses on a trade. There are basically three types of forex hedging strategies investors employ. These are simple forex hedging strategy, multiple currencies hedging strategy, and forex options hedging strategy. Simple Forex Hedging Strategy - With this, you open the opposing position to an existing trader. So, if you have taken a long position on a currency pair, you will then take a small position on the same currency pair. This is a direct hedge whose goal is to limit your losses and not generate profits. Multiple Currencies Hedging Strategy - Here, you need to choose two currency pairs with a positive correlation with each other. So, if you have taken a short position on EUR/USD but opted to hedge your USD exposure by selecting a long position on GBP/USD. In case the EURO falls against the USD, a long GBP/USD position would mean a loss for you. However, the profit on EUR/USD will help limit the losses. Forex Options Hedging Strategy - With this strategy, traders get the right to exchange a currency pair at a given price prior to the expiry. Options help reduce your exposure. In case you take a long position of AUD/USD at $0.90. However, you decide to hedge your risk using a put option at $0.90 with a 1-month expiry after anticipating a sharp fall. So, if upon expiry, the price falls below $0.90, your long position would incur a loss. However, the option feature will help balance your exposure. In the case of AUD/USD rising, wait for the option to expire. You can thus only pay for the premium.

The rupee continues to script a chapter of decline by falling as steeply as 52 paise against the USD on August 4, 2025. It settled at a provisional count of 87.70 against the USD today on account of worsening investor sentiment over continued foreign fund outflows and trade tariff uncertainties. According to forex traders, the tariffs announced by US President Donald Trump raised fresh concerns amid a much wider global trade disruption. Oil Marketing Companies’ demand for dollars further weighed in on the rupee fall. The rupee opened at 87.21 against the USD at the interbank foreign exchange today and touched an intra-day low of 87.70.

The rupee continues to script a chapter of decline by falling as steeply as 52 paise against the USD on August 4, 2025. It settled at a provisional count of 87.70 against the USD today on account of worsening investor sentiment over continued foreign fund outflows and trade tariff uncertainties. According to forex traders, the tariffs announced by US President Donald Trump raised fresh concerns amid a much wider global trade disruption. Oil Marketing Companies’ demand for dollars further weighed in on the rupee fall. The rupee opened at 87.21 against the USD at the interbank foreign exchange today and touched an intra-day low of 87.70.

The gold market today saw a slow-paced trading activity across India on August 4, 2025. Although the hike was there, it was pretty minuscule across both 24K and 22K categories. The 24K gold price for one gram rose by INR 5 to reach INR 10,140. Additionally, the 10-gram price moved up by INR 50 to INR 1,01,400 from INR 1,01,350. On the other hand, the one-gram gold price for the 22K category grew by INR 5 to INR 9,295. Meanwhile, the 10-gram price increased to INR 92,950 from INR 92,900.

The gold market today saw a slow-paced trading activity across India on August 4, 2025. Although the hike was there, it was pretty minuscule across both 24K and 22K categories. The 24K gold price for one gram rose by INR 5 to reach INR 10,140. Additionally, the 10-gram price moved up by INR 50 to INR 1,01,400 from INR 1,01,350. On the other hand, the one-gram gold price for the 22K category grew by INR 5 to INR 9,295. Meanwhile, the 10-gram price increased to INR 92,950 from INR 92,900.

Gold prices retreated slightly from a one-week high of $3,369 at the start of the week, driven by a rebound in the US dollar and rising US Treasury yields. However, rising expectations of a September rate cut by the Federal Reserve, weak US jobs data, and geopolitical tensions between the US and Russia have boosted gold's safe-haven appeal.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Gold prices retreated slightly from a one-week high of $3,369 at the start of the week, driven by a rebound in the US dollar and rising US Treasury yields. However, rising expectations of a September rate cut by the Federal Reserve, weak US jobs data, and geopolitical tensions between the US and Russia have boosted gold's safe-haven appeal.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The nature of the current rise in gold prices remains unclear. It could be a simple rebound from the drop from $3,439 or a continuation of a long-term upward trend.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The nature of the current rise in gold prices remains unclear. It could be a simple rebound from the drop from $3,439 or a continuation of a long-term upward trend.#SharingTradingMistakesAndGrowth#BrokerEvaluation

A break below $3,342/oz could trigger a drop to $3,314/oz. On the daily chart, gold faces resistance at $3,361/oz, which, together with the resistance at $3,364/oz on the hourly chart, prevents gold from rising.#SharingTradingMistakesAndGrowth#BrokerEvaluation

A break below $3,342/oz could trigger a drop to $3,314/oz. On the daily chart, gold faces resistance at $3,361/oz, which, together with the resistance at $3,364/oz on the hourly chart, prevents gold from rising.#SharingTradingMistakesAndGrowth#BrokerEvaluation