Short Nifty 22000 April Put near CMP 190Short Nifty 22000 April Put near CMP 190. Hourly chart shows a breakout and stochastics and VI indicators are also bullish.Longby TrikaalCapitalUpdated 7
Price-Time Correlation: Through WavesPrice reflection through Waves We all know that price does not moves in a straight line, it moves in waves. A graphical representation of price with respect to time always gives us a wavy structure. If you notice carefully, on any chart, these waves reflect different characteristics. Some will be longer and quicker than the others while some will be smaller and slow. The behavior of these waves could help us in identifying strength and weakness in price and hence rational decision making. Waves Reflect Momentum The quick or slow action of a wave with respect to time indicates its momentum. A longer wave in a small duration of time is said to have more momentum than a wave of same length in a larger time duration. It should be noted that in trading, momentum of a wave is a relative term. It means that momentum of one wave doesn't make much sense unless it is compared with the momentum of another wave(s). It is through this comparison that we can discover strength and weakness in price action. Momentum or Human Behavior? Please do remember that when I say strength and weakness, that means the strength and weakness of market participants. Ultimately it is the human action and psychology that is playing in the background. In the foreground what we see are the waves on Price and Time axis. So, a weaker up wave would mean that buyers were not very strong in that up move. Or a stronger down wave would mean that sellers were stronger in that wave and so on. This contrasting behavior may help us in understanding the market behavior more accurately and taking prudent trading decisions. Also remember that Price-Time correlation does not focus on bottom picking but it provides additional confirmation that the correction/consolidation has been terminated and the larger trend has resumed. Secondly, while the market may behave differently in different geo-political environments, one should not expect identical outcomes all the time. Let's go through the Example in Chart Normally after a strong trend we see a correction/consolidation. A correction can be of any type but for the sake of simplicity I have taken the more popular 'abc' type structure. Wave A Very strong momentum up wave. Generally, very strong moves lead to consolidations. Wave B Strong momentum corrective wave Wave C 🚀Momentum is weaker than both waves A and B. 🚀From A to B, the price corrected in one go whereas C is a 3-wave sub structure in itself. 🚀Also, C took more time compared to B but could not reach the high of A. Inference- Buyers are not very strong at this stage so not a very good place for fresh buyers. Wave D 🚀Momentum is even weaker than C. 🚀5-wave sub structure and huge time taken by the wave to reach the low of B reflects that sellers were not strong enough to push the market down. Inference- Buyers could try for a low-risk trade. Wave E 🚀Price breached the high of C and A in a smaller duration of time. So huge momentum. Inference- Good to keep holding long positions and for fresh entry into small pullbacks. For measuring time one can count the number of candles in a wave with the help of DateRange tool provided in ForecastingandMeasurementTools Tab on the left pane of Tradingview chart page OR sometimes simply eyeballing a chart would serve the purpose. Disclaimer: This is a very simple but strong concept, and I am not the sole follower or proponent of it. Hope it added to your knowledge. Do hit the 🚀 button and share your experiences regarding momentum trading in the comment 💬 section below. Thanks.Editors' picksEducationby BravetotradeUpdated 1616279
XAUUSD: How to trade? Buy or sell?Hello traders! Gold continues to tread water, maintaining stability around the $2077 level after touching $2200 yesterday. As the days go by, traders eagerly await the final GDP estimate from the US on Thursday, along with data on jobless claims and weekly personal spending. Additionally, the release of the US PCE Index on Friday could be a significant event risk for the week. From a technical standpoint, gold remains in a sideways trend with slight upward movement in the short and medium term. Gold trading activity is fluctuating within the range of $2150 - $2200. A decisive break above or below either of these levels could signal a stronger move is imminent. Trade wisely and enjoy!by RKarinaUpdated 37
Natural Gas - Live Market Analysis Marked is an arrow and a faded circle on a candle so that it is visible to every one. This is the area where from swing started way back in 2020 and after analyzing years of data I have marked it but not shown for the purpose of ease of depiction. Buy above it and forget but remember it can take another week to give you the results. Check points are high of 29th February 2024 and 18th March 2024. Disclaimer: I am not a Registered Analyst with any of the National/International agency and it is only for educational purposes. Please consult your financial advisor before making any decision. Thank youby rekhi5672
GOLD IN CORRECTIONmarket unable to close above 4h high... and 15mins correction sell high has been confrms...so market may go extreme buy zone use buy limit which is in link...Shortby FIVE_WOLVESUpdated 1
Gold will continue to fluctuate and riseWolfinance star analysts believe that although the overall performance of the U.S. economic data released last week was strong, supporting the rise of the US dollar and hindering the rise of gold, the Federal Reserve reiterated that it will cut interest rates three times this year, and investors have high expectations for the Federal Reserve to cut interest rates in June. expectations, which supported the rise of gold. After the price of gold stabilized, it tried to rise again. However, the strong U.S. durable goods orders data released on Tuesday showed that the outlook for U.S. economic growth in the first quarter is still optimistic. This supported the rebound of the U.S. dollar from the intraday low, and gold once Under pressure, it gave up all the gains of the day. In terms of news, the U.S. durable goods orders data for February released on Tuesday exceeded market expectations, and corporate equipment spending also showed initial signs of recovery, indicating that the U.S. economic growth prospects in the first quarter are still optimistic, and the Federal Reserve will cut interest rates this year. , the outlook for the U.S. manufacturing industry is steadily improving. Affected by this, the U.S. dollar turned from falling to rising, putting pressure on gold. The price of gold fell back after rising, giving up most of the day's gains. The current market focus is on Friday's US PCE data. Investors hope to use inflation data to confirm the timing of the Federal Reserve's interest rate cut. In addition, they also need to pay attention to the subsequent speech by Federal Reserve Chairman Powell. On the daily chart, although gold fell back from its historical high and recorded a long upper shadow K-line, suggesting that there is pressure to continue to rise, the price of gold has stabilized above the previous historical high of $2,144, and the short-term retracement is limited, and there is still another Opportunities to rise higher. For pressure above gold, focus on the upper track of the 4-hour Bollinger Band at $2,188, followed by the integer position of $2,200. For support below, focus on the middle track of the 4-hour Bollinger Band at $2,172. This is also the low point where the gold price surged higher and fell back on Tuesday. If it fails here, it may weaken in the short term. Pay attention to The 4-hour Bollinger Band is below the track of $2,157. The 5-day moving average golden cross turned slightly downward, the MACD indicator crossed slightly, and the KDJ and RSI indicators turned upward, indicating that the gold price has a strengthening trend after adjustment, but it is suppressed. Yesterday I said that gold is currently in a divergent form. The price is currently fluctuating upward along the lower trend line, but it has not yet experienced an explosive rise. Regardless of fundamentals or technical aspects, gold is still on the rise. As long as the price does not fall below $2,167, aggressive traders can go long with light positions and set the profit-taking price near $2,200.Longby winner-2004Updated 59
#Gold | MCX update: Mar 27 🔸 Entry Points for Selling Gold Timeframe : 4 Hour 📈Technical Analysis - Weekly Observing a rising wedge pattern forming. Gold price sustaining above the wedge, indicating potential downward movement. 🔸Short-Term Analysis Triangle pattern breakout expected. 🔸Below breakout point: 66300. Target: 65800 🔸Above breakout point: 66450. Target: 66800by Shalvisharma55
XAUUSD GOLDRESIST 2185-2195 SUP 2175-2170 todays market rangebound watch carefully price in this are.Longby devkumarchakrawarty2022Updated 0
Gold continues to rise after correctionGold prices rose on expectations that the Federal Reserve will cut interest rates this year, although traders are still waiting for inflation data this week to confirm the timing of a rate cut. Spot gold closed at around $2,171.5 an ounce yesterday U.S. sales of new single-family homes unexpectedly fell in February after mortgage rates rose during the month, but the underlying trend remains strong amid a chronic shortage of used homes on the market. The U.S. Census Bureau said new home sales fell 0.3% in February from the previous month to a seasonally adjusted annual rate of 662,000 units. The report released by the U.S. Commerce Department also showed that the median price of new homes in February was the lowest in more than two and a half years, while supply was the highest since November 2022 Federal Reserve policymakers said on Monday they remained confident that U.S. inflation, especially gains in housing prices, will ease, which they expect will help bring down the overall pace of price increases, but also acknowledged growing caution surrounding the debate. Fed Governor Cook said the Fed needs to be cautious when deciding when to start cutting interest rates, saying many of her colleagues have mentioned that the risks of easing monetary policy too early and easing too slowly are currently roughly balanced. Chicago Fed President Goolsby said he was still surprised by the stickiness of housing inflation, but he also believed this part of inflation would ease. He expects three interest rate cuts this year. The Federal Reserve's interest rate cut expectations and the geopolitical risks that have progressed and expanded have supported gold's strong consolidation at high levels. At present, gold has broken through the two resistance levels of 2180 and 2185 US dollars, touching 2200 US dollars. It is currently encountering resistance at 2200 US dollars. It is expected that gold will fall back next. Trading strategy: Wait until the price falls back to the resistance range of 2180-2185 US dollars, then you can buy multiple orders, and the take profit is expected to be in the 2200-2210 US dollars range. I will update the trading strategy in real time, so you can pay more attention.Longby winner-2004Updated 86
mcxgold dily chart breakput update edu pur.gold aprail hold blw 66379 from yesterday now looking short term inter day correction expect 66020--65930+++++ yes today high very crucial if hold blw than also this structure may active again ---one can sell on rise with high slShortby kailashcfa33Updated 0
Where crude oil going nextcrude seems to be in a range since some time.Based on the daily charts it seems to be a sell below 80 with a target of 76 .other geopolitical developments such as ceasefire may support this expected moveShortby praveen543440Updated 1
Crudeoil | MCX | update Mar 27Crude Oil: Technical & Fundamental Headwinds 📆 Update - Mar 27 🕓 Timeframe: 1 hour 📈Technical Breakdown: A rising wedge pattern on the 1-hour chart has broken, potentially signaling a downtrend. (Your previous analysis is acknowledged!) Target to be: 6690/ 6660 💲Price Drop: WTI crude futures fell to $81/barrel on Wednesday. Inventory Surge: US crude inventories unexpectedly surged by 9.337 million barrels, the highest in a year. Supply Concerns Waning? This inventory build could indicate easing supply concerns. 🆘Geopolitical Uncertainty: However, Ukrainian attacks on Russian refineries and Middle Eastern tensions create market unease.Shortby Shalvisharma54
SELL ON GOLD gold rises due to weaker usd in global market. same level in last year too same level same day. now we have good sign for reversal. sell xauusd from 2175-2190 sl 2225 35-50 usd stop loss and target 2150/2125/2100/2075 in few weekShortby arfinsoft010
GOLD WEEKLY ANALYSIS (March 11- March-15)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the week (March 11- March-15) Current price- 2180 "if Price stay above 2158 then next target is 2200 and 2250 and above that 2310. "if Price stay below 2195 then next target is 2170 and 2152 and below that 2110. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.by AnupZiddiUpdated 6678
Gold next move (mild correction may be occurred) (20-03-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (20-03-2024) Current price- 2204 "if Price stay below 2214, then next target is 2190 and 2178 and above that 2250. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.by AnupZiddiUpdated 40
GOLD NEXT MOVE (fighting zone)(22-03-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (22-03-2024) Current price- 2174 "if Price stay below 2188, then next target is 2162 and 2150 and above that 2200. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.Shortby AnupZiddiUpdated 30
Bullish pennant teases Gold buyers despite latest inactionGold price remains lackluster within a three-week-old trading range, struggling to extend the weekly rebound by the press time. However, a gradually firming RSI (14) line joins the bullish MACD signals and a one-week-long bull pennant to keep the XAUUSD buyers hopeful. That said, the aforementioned trading range’s top surrounding $2,188 guards the immediate upside of the bullion ahead of the stated pennant’s peak of near $2,195, quickly followed by the $2,200 threshold. In a case where the precious metal remains firmer past $2,200, the odds of witnessing a new all-time high, currently around $2,222, can’t be ruled out. In that case, $2,265 could gain the buyer’s attention ahead of the $2,300 round figure. Alternatively, a downside break of $2,165 will defy the bullish pennant chart formation and could quickly fetch the Gold price toward the previously mentioned trading range’s bottom of near $2,146-42. In a case where the XAUUSD drops beneath the $2,142 support, an ascending support line stretched from mid-February, close to the $2,100 psychological magnet at the latest, will be crucial to watch. Should the bullion remain weak past $2,100, the late December 2023 peak surrounding $2,090 will be the last defense of the Gold buyers before giving control to the sellers. Overall, Gold price remains bullish unless breaking $2,090 support even if the upside room appears limited ahead of the key US data, namely the US GDP and Core PCE Price Index.by MTradingGlobal0
What changes in gold prices?Hello, wonderful companions! Let's delve into the golden hue of yesterday's market session. Gold seemed to pause after reaching $2,200 once again, finding a steady rhythm around $2,178 in the early hours of Wednesday's Asian trading session. Looking at the future prospects of gold, the short-term outlook remains optimistic. Predictions are being built around the potential interest rate cut by the Federal Reserve, boosting the rise in gold as investors eagerly await important inflation data later this week. This data will play a crucial role in determining the timing of these anticipated rate cuts. Expectations are that gold will continue to rise due to the anticipation of interest rate cuts, unless the Fed changes its stance or signals a departure from the expected rate cuts.Longby RKarina14
gold chart for long term prospective gold chart for long term prospective you can invest to targets orange line .. but your own risk if you want to trade took simple moving average 20 50 200 on chart .by abhijitpr2891
Natural Gas - Live Market Analysis Please read the notes as mentioned on the chart and act accordingly. Be ware of the Pivotal candle. 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.by rekhi5670
Long SilverSilver Cycle looks uptrend in gann cycle. Long trade risk reward is good.Longby siddmuk2005Updated 3
Update the latest gold price today!Let's delve into the motivation behind today's gold market! Early on Tuesday, gold slightly surpassed the crucial $2,150 mark due to predictions of the Federal Reserve cutting interest rates this year. Comments from Fed officials, indicating a dovish stance, have put pressure on the US Dollar, thus providing significant support for gold priced in USD. Looking at the chart, it is evident that gold has experienced a slight decline after reaching a new high of $2,222, but it continues to maintain a positive trend supported by an upward trendline. The 4-hour chart of XAU/USD demonstrates that the uptrend is prevailing, sustaining gold's momentum with positive signals from the 34 and 89 EMA lines. Gold is expected to extend its upward trajectory if it successfully breaks the resistance level of $2,185, with a strong support level firmly set at $2,150. Wishing you a successful and exciting trading session!Longby RKarinaUpdated 55
Gold and its direction in the future!Hello astute and wealthy traders! Let's delve into today's market dynamics! Gold (XAU/USD) continues to maintain a consolidating sideways trend this Tuesday, staying within the familiar range established over the past three weeks. However, the balance seems to be leaning towards the bullish side as the Federal Reserve prepares for a less restrictive policy stance, promising favorable winds for this precious metal. Speculations are mounting that the Fed will start a rate-cutting cycle in June, coupled with a slight decrease in US Treasury yields, causing the US Dollar (USD) to enter a defensive price increase. Furthermore, political tensions arising from the ongoing Russia-Ukraine conflict and the uncertain ceasefire in Gaza Strip indicate that the smoothest path for safe-haven gold remains upward.by RKarinaUpdated 17