MCX GOLD for May 2024?Gold was taking a breath on last two weeks. This is unlikely to be a signal for a continued downtrend. More upper levels are expected.Longby SathishKavinchal113
Gold Trend 29/04Gold fell to a 2-week low of 2391 at the beginning of last week, but buying has resumed after a weaker-than-expected US GDP Q1 data, leading the price to reach 2352 before the US session on Friday. There were no surprises in the release of the U.S. inflation figures on that day; therefore, the market was relatively quiet before the weekend. Two major U.S. economic news are expected this week: the Fed. meeting on May 1st and the U.S. employment figures on Friday. As geopolitical risks in the Middle East fade out, the U.S. interest rate trend will now become the focal point of gold traders. According to CME FedWatch, 99.5% of the chances that the Fed. will keep interest rates unchanged this week (Unchanged - 97% in June / Unchanged - 68% in July). Expect the market to stay in a tight range before the Fed. meeting. If the Fed. announcement leans toward a more hawkish tone, just like Powell's speech 2 weeks back; some more selling momentum will add to the gold price. 1-Hr Chart—Gold prices broke out from the S-T uptrend channel(1.1) in the Asian session early Monday. As the price escape channel(1), the upward momentum is now slowing down. Take advantage of the 2318-55(2) range in S-T until the Fed. meeting. If gold prices fall below the 2318-28 support zone earlier than expected, the next support level will be at 2300, and the descending channel (3) will dominate the trend for the rest of the week. Daily Chart - The price fell back below the 20-day MA(5) after the rejection of the 10-day MA(4) last Friday, and the short-selling pressure has been increasing since then. The Fed announcement should dominate the gold price trend in the coming weeks; be patient with the news and the breakout caused by it. Before the next major move, trade the 2290-2351(6) range. If gold prices fall further, the next target will be near 2260(7). If you like my work, please give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟. P. Toby 1uptick0
BREAKOUT OCCURRED ITS A SURESHOOT SELLING TRADE ITS A SURESHOOT IRS MY PERSONAL STRATEGY The gold showing a good falling Having a good potential There is nothing to doubt It have a great surety of FALL Due to these reason 1.It have clear-cut neckline without any confusing chat 2. It have clear entry and Tp point 3. Sellers seems heavy due to volume its a good oneShortby tradergyan01221
Neutral bias on Gold this weekAccording to me Weekly and H4 is bullish whereas Daily is bearish. So will look for buy and sell trades on Gold this week. Will place 2 limit orders for swing trade as follows : Sell limit at 2373.12 and Buy limit at 2284.20. Will look for some intraday trades too on following levels : 1) Sell trade around 2381.12 - 2385 (Entry only after bearish confirmation on M1) 2) Sell trade around 2386.70 - 2393 (Entry only after bearish confirmation on M1) 3) Buy trade around 2322.58 - 2320 (Entry only after bullish confirmation on M1) 4) Buy trade around 2311.12 - 2308 (Entry only after bullish confirmation on M1) 5) Buy trade around 2303.12 - 2301 (Entry only after bullish confirmation on M1) All the best .by DhananjayaShetty4
Gold weekly outlook Imp area are 2132 to 2324 if break more fallGood Morning Traders, Gold weekly outlook Imp area are 2132 to 2324 if break more fall Gold is consolidating in 2350 to 2325 area and around 100 EMA. IF we see gold is also in falling wedge. If gold will break 2324 area and sustain we can see deep correction till 2300 2290 and 2285 and 2275. If gold sustain above 2350 2354 we can see more up levels till 2360 2365 and 2370 2375. Our recommendation is selling from every high. Geo political can change the game, else we can see bearishness in gold Even we have Fed Rates event this week so check all the things before trading, Plan accordingly, Happy Trading Shortby vikasvasusharma2
ADAM & ADAM Double Bottom : under formation #REC (F) CMP 460.4 Pattern : Adam & Adam Double Bottom (early identification) TF : Daily Volume Break-out Price BO Level : 478 DCB SL : 422 DCB TGT : 492 / 523 (May Series)by VibhutiSharma0
Motherson - Cup & Handle and Flag & PoleMotherson has made a cup and handle breakout and a flag and pole pattern. We have a breakout and we can expect price to move to 145. The beauty is if you see the target price - whether by way of cup and handle breakout or flag & pole pattern - we have same target. Other factors: 1. RSI is above 60 2. MACD is positive 3. Volume is increasing, see breakout volume candle "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!! Longby Jass_12345Updated 13
Crude Oil Week April 29 to May 03 Time Frame: 1 Day 1. Rejection candles from Support zone and 50 EMA. Price has not allowed to break these key levels 2. Previous trend is bullish. Level breakout and under retracement 3. 50 and 200 EMA golden crossover Time Frame: 4 Hr Crude oil has bounced from previous key level(Resistance converted to support zone) 1. Trend is Bullish 2. Filled FVG and taken support for 50 EMA 3. Bounced from 200 EMA. Entry above : 7046 Target: 7257 ( 211 Points) Stoploss:6916 (130 Points) Longby kiranpatilblt114118
XAUUSD 15 - 19 AprilFrom now on I would type everything in English because my previous analyzes were deleted because they were in Dutch.Longby TheDutchGoldTradeHubUpdated 10
Hindustan CopperHindustan Copper Breaking out. Expecting good momentum on upside Longby TrendonomicsHDUpdated 7
🔥GOLD BULLS RESTART💲Judging from the daily structure, although gold closed positive yesterday, it failed to break through the 10-day moving average above, and the daily moving average showed a cross downward trend, which put some pressure on bulls. In the absence of clear bullish factors, it may be difficult for gold to break through the key level of 2350. Although the market still appears to be dominated by medium-term bullish sentiment, the possibility of a short-term decline exists. Yesterday, the golden daily line recorded a positive column with upper and lower shadow lines, ending three consecutive negative arrangements, showing the advantages of many parties. At present, the price continues to move between the short-term moving average and the Bollinger Band, and the Bollinger Bands are gradually opening. Although the short-term indicators are still testing downward, they deviate from the K-line pattern. The future trend of the daily line will give more clues in today's trading. Yesterday evening, $2,345 was cited as an important resistance level. Although the price once broke through, it failed to stand firmly. Fortunately, the price finally closed above $2,330, supporting the daily positive turn. Today's key point is $2,350. If it can be effectively broken through and stabilized, the staged upward support will be more solid. On the other hand, if it cannot be stabilized, prices may continue to fluctuate in the short term. The gold market as a whole shows a strong trend, but technical indicators show that there is a certain degree of overbought conditions and need to be repaired and covered. Although it is not necessary to completely cover $25, it is expected that the minimum level of cover will reach $10-15 to correct the overbought status. $2,300 is considered an effective support level. It should be noted that in the current situation of intensified market volatility, a single point of support or resistance is not the main basis for judging direction. Taken together, today's gold operation ideas are long and bullish around 2330, with the target looking at 2350. If it can effectively break through and stabilize, we will further pay attention to 2363-2372. The overall operation idea is to focus on longs on callbacks, supplemented by shorts on rebounds. The top focuses on the resistance range of 2363-2368, and the bottom focuses on the support range of 2330-2335.by JackBlackwellUpdated 15
NASDAQ Future Weekly Technical Chart Analysis - 29 April - 3 May📊 NASDAQ 100 E-Mini Future Technical Chart Analysis 📅 18 June Future 🎯 Range Point: 17846 🎯 Weekly Range: 753 📉 Buy Above: 17614 📉 Average At: 17525 🎯 Buy Target 1: 18311 🎯 Buy Target 2: 18599 🛑 Buyer Stoploss: 17363 📉 Sale Below: 17436 🎯 Sale Target 1: 17380 🎯 Sale Target 2: 17093 🛑 Seller Stoploss: 17687 Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you! #NASDAQ #NASDAQ100 #NASDAQFuture #Nasdaq100EMiniFutureby NumroTrader2
Dow Future Technical Chart Weekly Analysis for 29 Apr to 3 May📊 DJI Future Technical Chart Analysis 📅 18 June Future 🎯 Range Point: 38452 🎯 Weekly Range: 856 📉 Buy Above: 38472 📉 Average At: 38371 🎯 Buy Target 1: 38981 🎯 Buy Target 2: 39308 🛑 Buyer Stoploss: 38187 📉 Sale Below: 38270 🎯 Sale Target 1: 37923 🎯 Sale Target 2: 37596 🛑 Seller Stoploss: 38555 Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you! #DowJones #DJIA #WallStreetUby NumroTrader0
Silver MCX Future Weekly Technical Chart Analysis 29-3 May📊 Silver MCX Future Technical Chart Analysis 📅 29 May Future 🎯 Range Point: 80680 🎯 Weekly Range: 3139 📉 Buy Above: 81301 📉 Average At: 80931 🎯 Buy Target 1: 82620 🎯 Buy Target 2: 83819 🛑 Buyer Stoploss: 80255 📉 Sale Below: 80560 🎯 Sale Target 1: 78740 🎯 Sale Target 2: 77541 🛑 Seller Stoploss: 81606 Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you! Future#Silver #SilverTrading #SilverFutures #SilverOptions #CommoditiesTrading #TradingStrategy #SilverPrice #MCX #CommoditiesFutures #CommoditiesOptions by NumroTrader5
Gold MCX Future Weekly Analysis 29Apr - 3 May📊 Gold MCX Future Technical Chart Analysis 📅 5 June Future 🎯 Range Point: 71500 🎯 Weekly Range: 2093 📉 Buy Above: 71495 📉 Average At: 71249 🎯 Buy Target 1: 72793 🎯 Buy Target 2: 73593 🛑 Buyer Stoploss: 70798 📉 Sale Below: 71002 🎯 Sale Target 1: 70207 🎯 Sale Target 2: 69407 🛑 Seller Stoploss: 71699 Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you! #GoldTrading #GoldPrices #PreciousMetals #CommodityTrading #InvestingInGold #MCX #CommoditiesFutures #CommoditiesOptions by NumroTrader2
NG MCX May Future Weekly Technical Analysis 29 Apr-3 May📊 NG MCX Future Technical Chart Analysis 📅 29 May Future 🎯 Range Point: 160.50 🎯 Weekly Range: 33.60 📉 Buy Above: 154.36 📉 Average At: 150.40 🎯 Buy Target 1: 181.26 🎯 Buy Target 2: 194.10 🛑 Buyer Stoploss: 143.16 📉 Sale Below: 146.44 🎯 Sale Target 1: 139.74 🎯 Sale Target 2: 126.90 🛑 Seller Stoploss: 157.64 Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you! "NG MCX Future Technical Chart Analysis26 April Future#NG #NaturalGas #GasPrices #NatGas #EnergyTrading #MCX #CommoditiesFutures #CommoditiesOptions by NumroTrader9
Crude Oil MCX 20 May Future Weekly Technical Chart Analysis📊 Crude Oil MCX Future Technical Chart Analysis 📅 20 May Future 🎯 Range Point: 6999 🎯 Weekly Range: 299 📉 Buy Above: 6929 📉 Average At: 6894 🎯 Buy Target 1: 7184 🎯 Buy Target 2: 7298 🛑 Buyer Stoploss: 6829 📉 Sale Below: 6858 🎯 Sale Target 1: 6814 🎯 Sale Target 2: 6700 🛑 Seller Stoploss: 6958 Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you! #Crude #CrudeOil #CrudeOption #CrudeFuture #MCX #MCXLevels #OilFuture by NumroTrader1
Sideways to negativeAll important thing is mention in charts, it's very simple analysis, please like & shereShortby MurtazaLokhandwala1
What number will gold end the trading session at?Dear beloved readers, gold continued its recovery on the last trading day of the week, trading around $2,340 and marking a 0.3% increase for the day. As a result, the USD faced further disadvantages last night, creating momentum for the recovery of XAUUSD. In the short term, this metal continues to receive support from investors as it maintains a strong upward trend within the price channel, with a support level established at $2,330. The target is to reach the upper limit of the price channel, with gold potentially reaching $2,350 and possibly even higher by the end of the session.Longby RKarinaUpdated 22
What does gold promise in the near future?Hello dear friends, let's recap the gold prices from last week and strategize for the upcoming week. Overall, there was no surprising volatility in gold last week, as it adjusted from $2400 to $2338. This decrease followed the expected cyclical pattern in gold's movement, so there is no immediate reason to worry about this metal. In the past couple of days, gold has once again recovered as buyers successfully defended the support level around $2300 USD. Although this did not lead to any breakthroughs like we saw in previous price increases, it still demonstrates the strong strength of the upward trend. Looking ahead: Long-term outlook: Gold continues its upward trajectory, with a favorable target of $2500 USD. Short-term outlook: The precious metal has established a new support level, moving steadily around the EMA 34 and 89 lines, showing signs of convergence with the support line. Therefore, we can anticipate the possibility of price increases in the new trading week when the market reopens.Longby RKarinaUpdated 14
Silver Mcx5 year consolidation breakout with major support 65000 on quarterly closing bases probability of silver moveing towards 165000-170000 zone in next 3 -4 years is high .Start investing big bull run to start in silver .this are my personal views i might be wrong to .)by deepshah19821
Weekly Analysis.. Gold really ready to rally again? 2360 is going to be the zone.. If respected, Possibly 2480 2530 open up If Broken, Possibly 2300 2250 Open Up.. Rest of the analysis on daily basisby DrAnandMUpdated 111133