📆 #Crudeoil Update MCX || April 18Update :- 🔸Support at 6811, with a potential move towards the 7000 level for settlement. Long only above 6950-6960. 🔸Crude oil prices declined over 3% due to robust US oil supply & growing demand concerns. 🔸US crude inventories increased by 2.735 million barrels.Shortby Shalvisharma54
Silver Short As seen on chart, a Harmonic pattern can be recognized. So, assuming a reversal can take place from the given price level, A small risk trade can be taken with a tight SL. Targets are marked on chart.Shortby amit16aks3
NG to enter up trend on weekly chart, buy on dipsBoth indicators - stochastics and VI, are strongly oversold on weekly chart and there is a clear bullish wedge pattern. NG may touch 200. Buy on dips. Right now at 161 is a buy.Longby TrikaalCapitalUpdated 14
Gift Nifty At Strong Support 22150 to 22100Gift Nifty At Strong Support 22150 to 22100 Good Upmove Possible toward 23000 Still Buy On Dip, Buy On Dip...Longby Anubhavv26165
Nifty - How to trade today Please read the notes as mentioned on the chart. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you. by rekhi5673
Bank Nifty - How to trade today Please read the notes as mentioned on the chart. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you. by rekhi5678
Natural Gas - Live Market Analysis Please read the notes as mentioned on the chart. 4-18-24 4:25 AM 4-18-24 8:52 AM 4-18-24 1:18 PM 4-18-24 5:44 PM 4-18-24 10:11 PM 4-19-24 2:37 AM 11:59 p.m. candle was pivotal last night. Disclaimer: I am not a registered analyst with any of the National or International agency and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. Thank youby rekhi5674
GOLD IN CORRECTIONHi everyone... Right now market touches our 1st Weekly PULL BACK zone which is 2357-2477 zone We got Day High(using MY HIGH find method)-correction sell 80% confirms In 4hrs the market got bounce on small buy zone which is 2335-2320 Also we got 15min low(using MY LOW find method)-trend continues but doesn't get CHOCH(doesn't cross 2319) confirmation in 15Mins and 4Hrs Careful with sell And mainly in Monthly time frame previously we got H&S so Head and Shoulder full target is 2527 Monthly 1st back zone we Got here which is 2462-2689 Here is the Result 1st Analysis Buy@2344.3-2336 SL@2330(or use buy limit SL) TP 2346 TP 2352 TP 2364 TP 2388 TP 2430 TP 2520 Buy limit@2329-2323 SL@2319 TP 2331 TP 2345 TP 2352 TP 2364 TP 2388 TP 2430 TP 2520 2nd Analysis Sell limit@2388-2395(we need a confirmation before enter this) SL@2397 TP 2386 TP 2380 TP 2300 TP 2278 TP 2167 TP 2050 TP 1973 Sell limit@2426-2428(EXTREME SELL zone BUT BE CARE FULL WE DOSENT GET 15M & 4h CHOCH) SL@2432 TP 2424 TP 2400 TP 2380 TP 2300 TP 2278 TP 2167 TP 2050 TP 1973 USE RISK MANAGEMENT SAFE TRADER ONLY TAKE 3 TO 5 TRGT BASED ON YOUR EQUITY BUT 1ST TP MUST AFETR HIT 1ST TP MUST SET BE(Break Event) ==Use stop order -.5 pips from SL(if you ok) stop order needs high equity== NOTES:EDUCATIONAL PURPOSE ONLYShortby FIVE_WOLVESUpdated 8
Gold price today: Still increasing regardless!Today, the price of gold continues to remain high and has a tendency to increase to nearly 2385 USD, with moments approaching the threshold of 2,400 USD/ounce. Escalating tensions in the Middle East serve as a supportive factor for gold. Recent capital flows have consistently sought out gold as a safe haven. Gold could easily surpass the 2,400 USD/ounce mark for the second time if conflicts intensify in this region. Furthermore, it has already risen due to central bank purchasing activities and expectations of increasing inflation.Longby RKarinaUpdated 10
xauusd plan on 15min this trade is plan coz of trend and OB on 15 min timeframe. Longby savageboyislive2
Crude Oil AnalysisHello Friends, Hope you find doing well. As there are so up down in market now a days because of many reasons Elections, war, Global data, USDINR, DXY. So based on following all parameter i am trying to analysis crude oil price action, hope it helpful for all commodities trader. As we can see in chart it is making bullish flag pattern on 4hr timeframe. So we will se break out up side and we can make better position according. It may trigger by global data or by war declare. Plan your trade according your analysis. I do not recommended to do as i said. I just analysis chart pattern and data which make positive price action. Best of luck Regards. Longby apstockidea2
Gold Trend 15/04The rapid retraction from the new high suggests the gold price has entered a short-term correction period. Gold reached a new all-time high of 2431 last Friday after the US market opened, but the price quickly retreated. It lost key support of 2400 and 2380, falling back to the bottom support of Thursday near 2330, ending the weekly at 2343 with a slight increase of 13 dollars. The market had been anticipating retaliatory actions from Iran following the attack on the Iranian embassy in Syria, creating a relatively tense environment that led to the climb in gold prices in the past two weeks. There was noticeable profit-taking in the market, coincidentally 24 hours before Iran's retaliation. After the long-awaited Iran's retaliatory action, the risk sentiment decreased abruptly; although gold opened with a gap of around 10 dollars on Monday's Asian session, the movement remained relatively calm. The S-T upward trend began to slow down after the rapid retracement on Friday. At this point, we can expect a range-bound consolidation to begin to form this week. 1-Hr Chart - The gold price has been steadily climbing along the upward trend channel(1) since it broke through the 2300 resistance at the night of the non-farm payroll at the beginning of the month. The price is still sitting within the upward channel(1). However, S-T resistance is expected around 2375-2380 after the market experienced significant volatility on Friday. For now, the trading range for this week can be set at around 2318-2380(2). Daily Chart - After the reversal in gold price last Friday, there is a clear indication of a potential peak (3). As long as the closing price in the next two days remains below 2373 (4), a more noticeable correction is likely to occur. The initial target for this correction can be set around the 20-day moving average (5). Monthly Chart - It is important to note that the gold price is approaching the upper boundaries of the long-term upward channels (6) and (7). For the upward trend to continue, the gold price must break through the resistance line at the top of the channels. Otherwise, a correction in the overall trend may be needed. S-T resistances: 2380 2370-72 2365 Market price: 2359 S-T supports: 2350 2345 2338-40 If you like my work, please give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟. P. Toby 1uptickUpdated 3
Gold prices continue to trade high!Dear investors, We are currently at an important turning point, faced with the choice between reinvesting in gold - an investment that has eternal appeal, or going in another direction, exploring new opportunities. Yesterday, gold experienced strong fluctuations, when the price fell below 2,325 USD/ounce. However, as if it were participating in a detective movie, gold quickly recovered and reached a new high of 2,383 USD/ounce, moving closer to the historical record. Confidence in gold has not diminished, as the need to find a safe haven is increasing due to political instability in the Middle East. Gold's price boom this week was also fueled by the strength of the dollar and US Treasury bond yields, after economic reports showed retail sales in the US in March outperformed expected, raising concerns that the Federal Reserve (Fed) may be hesitant to change its monetary policy. The combination of geopolitical uncertainty and the prospect of a more accommodative monetary policy from the Fed in the second half of this year has added to gold's appeal as a safe-haven investment, making it the more attractive in the eyes of financial investors. Let's consider our investment strategy to make the most of current opportunities in this volatile market context.Longby RKarinaUpdated 17
Update the latest gold price today!Gold prices moved in a narrow range on Tuesday, holding steady near a record high. The ongoing crisis in the Middle East continues to influence investor sentiment, increasing interest in the precious metal. Even though the US dollar is strengthening, gold is still showing resilience as US Treasury yields fall from multi-month highs. Reducing geopolitical tensions between Israel and Iran has also failed to reduce demand for gold, as people predict prices will continue to rise. If this buying trend sustains, immediate resistance could reach $2,400 and potentially retest the all-time high of $2,432. However, if gold fails to sustain above the $2,363 support level, the next support level for the buyers could be at $2,340.Longby RKarinaUpdated 3
🔥GOLD INTRADAY TRADING STRATEGYJudging from the daily chart of gold, the price of gold hit a record high last Friday, but then there was a correction, falling by about US$87 from the high to around US$2,344. This is because investors are taking profits and exiting the market when they see that the price rally may have been excessive. However, gold rebounded quickly on Monday after falling to around $2,324 and stood above $2,380, indicating that the correction may be over and the upward trend may continue. On the four-hour chart, gold rebounded quickly after falling to the $2,324 line during yesterday's U.S. trading session. The third Bollinger Bands track opened upward, the gold price ran between the middle and upper tracks, and KDJ diverged upward after the golden cross.The MACD green energy column begins to shrink, and the short-term trend becomes stronger. In terms of the performance of a single trading day, the rebound is much faster than the decline, and there are signs of breaking through to new highs. The hourly line closed with five consecutive positive lines. In contrast, the performance of the negative line is tortuous and has poor continuity, so the current market rhythm is not weak. The decline is only temporary and corrective in nature. In the last trading session, a test of the support below $2333 showed strong support and especially a quick rebound, which confirmed our judgment that even if the price failed to form a bottom at $2333, It only tested the $2,320 level once. Therefore, a corrective low has emerged and the hour line real body closed near the $2,346 support. Therefore, for the next market trend, if the price falls below $2,346 again, you can consider intervening in long orders. After last Friday's sharp decline, it is still difficult to return directly to strength. We define this week as a correction week and expect the market to remain volatile. There is a pressure range between $2380 and $2400, so we have reason to participate in short selling. On the whole, today's short-term operation idea for gold is to mainly go short on rebounds, supplemented by longs on callbacks. The key resistance range above is $2380-2390, and the key support range below is $2346-2365.by JackBlackwellUpdated 12
Gold will impact 2400The March retail sales data released by the United States overnight on Tuesday exceeded expectations. The U.S. dollar and U.S. Treasuries continued to climb, and for a time precious metals plunged. However, risk aversion then dominated the market and gold and silver returned to their gains. Because the Israeli military said it would respond to Iran's attack. Therefore, the current gold price is still on the rise. Yesterday I said that once the gold price breaks through 2372, it will hit the 2390-2400 range, so today's highest point reached 2392, which is consistent with my prediction. Judging from the 60-minute chart, the MACD indicator is currently running above the 0 axis, and gold has entered a bullish trend in the short term. Although the price has now fallen back to the resistance range of 2360-2372, it will continue to rise in the future. Therefore, the current range of 2360-2372 is a good buying opportunity, and the profit-taking range for bulls is 2390-2400.Longby winner-2004Updated 40
📆 #Crudeoil Update - MCX | April 16 🔸Technical Analysis: Current Situation: Crude oil is approaching the critical support level at 7100. 🔸Scenarios: If the support at 7100 is breached, further downward movement is anticipated, with potential for lower levels. However, there's a possibility that crude oil could find support at this level and reverse its direction, moving upwards. 🔸Market News: Impact on Oil Prices: Oil prices surged amid concerns over escalating tensions between Israel and Iran.Longby Shalvisharma5116
📆 #Naturalgas Update MCX || April 16 🔸Technical Analysis: Support: 142 Resistance: 149.1 🔸Current Observation: Natural gas has found support at the 141.3 level. Market News: 🔸European natural gas prices have surged to a 2024 high, driven by heightened tensions in the Middle East, supply disruptions, and forecasts of lower wind conditions. 🔸UK natural gas futures surged to a 2024 high of above 81 pence a therm, driven by geopolitical tensions, supply disruptions, and increased LNG imports from Asia.Longby Shalvisharma56
#Crudeoil Update || APR 11 MCXHere are the key levels to watch: Bullish above 7190: If crude oil prices rise above the 7190 level, it indicates bullish momentum in the market. Bearish below 7100: Conversely, if prices fall below 7100, it suggests bearish sentiment taking hold. Traders and investors are closely monitoring these levels to gauge market direction and make informed trading decisions.Longby Shalvisharma5Updated 5
Silver - Correction Time?A 1:1 movement (on Daily) has completed with a rising wedge in the end. Expecting a 1.5-2k point pull back to start with. A very good RR trade. :)Shortby pankajarora232Updated 116
FinniftyPrice is testing the support 21150 - 21180. Next support is seen at 20990 - 21020. Resistance is at the zone 21290 - 21320. Buy above 21180 with the stop loss of 21140 for the targets 21220, 21260, 21300 and 21360. Sell below 21100 with the stop loss of 21140 for the targets 21060, 21020, 20980 and 20940. The price will react at the support/resistance levels given above. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.by vanathiUpdated 11
The Nifty Bank index can slide to 47,000 - 46,200 levelsThe Nifty Bank Index, currently trading at 47,773.25, is exhibiting a near-term downtrend on the charts. Support levels are anticipated around 47,000 and 46,200, suggesting potential areas where selling pressure could subside temporarily. Given this scenario, the recommended trading strategy would be to sell on rallies. The indication of a negative trend is further supported by the MACD indicator, which is trending downwards. This adds credence to the bearish outlook for the near term, signaling that downward momentum may persist. Traders should closely monitor price movements and consider initiating short positions or selling opportunities as the index rallies. However, it's essential to exercise caution and implement risk management strategies, such as setting stop-loss orders, to mitigate potential losses in case of unexpected market movements. The prevailing trend and technical indicators, traders can position themselves advantageously to capitalize on potential downward movements in the Nifty Bank Index while managing risk effectively.by chetnaparmar8332