BUY GOLDThere will be a big buy move after the retest. Following the retest, I am looking to buy gold and am waiting for a confirmation within a shorter period of time.Longby Knickk0
Nifty Intraday Levels | 22-04-2024The Green line is marked for breakout The Red line is marked for breakdown The Black line is for the target on the upside stay tuned, if any levels occur will update in the comment section. by iamrk7Updated 0
15 resistance Trend line break 15 Minutes resistance Trend line break. So buy now low sl maintain.Longby Tamiltry2
Gold Prices React to US Treasury Rates Amid Middle East TensionsIntroduction: In the dynamic world of financial markets, gold prices experienced a slight dip recently, influenced by rising US Treasury rates and ongoing geopolitical tensions in the Middle East. As investors remain vigilant for any potential escalation in the crisis, the landscape of economic indicators and central bank sentiments also plays a crucial role in shaping market sentiments. Market Analysis: The recent movement in gold prices reflects the intricate interplay between various factors, including US Treasury rates, inflation concerns, and geopolitical uncertainties. The dollar-priced metal faced pressure as US Treasury rates edged higher, impacting its attractiveness as an investment option. Meanwhile, lingering worries about the Middle East crisis kept investors on edge, contributing to market volatility. In the backdrop of these developments, the Federal Reserve's latest poll of US central bankers highlighted persistent inflation and the prospect of higher interest rates as significant risks to financial stability. Chicago Federal Reserve President Austan Goolsbee noted a "stalled" progress in addressing inflation this year, signaling a shift in the central bank's stance towards interest rate adjustments. Key Economic Data: Amidst the market dynamics, attention is drawn towards key economic releases, notably Consumer Confidence data from the Euro Zone. This data point could offer insights into the economic sentiment across the region and potentially influence market movements. Technical Analysis: Technical indicators suggest that gold prices could find support at $2325, with resistance seen around $2380. Similarly, Gold MCX prices are anticipated to find support at 71050 and resistance at 73200. Action Plan: Considering the prevailing market conditions and technical outlook, a strategic approach would be to sell on a jump around $2365, targeting $2325, with a stop loss implemented above $2382. This approach aligns with the current market dynamics and offers a structured risk management strategy. Conclusion: In conclusion, the recent fluctuations in gold prices underscore the complex interplay of various factors, including geopolitical tensions, inflation concerns, and central bank policies. As market participants navigate through these uncertainties, staying informed and adopting a prudent approach to trading becomes paramount.Shortby rajeshtatineni850
Gold price dropped shockingly on the first day of the week!Hi everybody! As I am writing these lines, XAUUSD has seen a significant price drop, down $35 in the early hours of Monday morning and is currently sitting at around $2356. The short-term outlook suggests further downside is likely. Current chart analysis shows that gold is under downward pressure after overcoming two key support levels. This reflects the adjustment process after a week of strong price increases, when investors began to sell to take profits. If support at $2050 fails to hold, gold could continue to decline. However, on the positive side, gold still has a chance to recover. It will soon face resistance at the Fibonacci retracement point between 0.5 and 0.618, which coincides with the intersection of the 34 and 89 EMA. Gold needs a strong push to overcome this resistance if it wants to continue. continue the upward trend in prices. Regarding market forecasts, a recent survey of 14 Wall Street analysts showed a strong belief in the bullish prospects of gold: 72% of them predicted that gold prices will increase, 21% think prices will stabilize, and only 7% predict prices will decrease.by RKarina1144
XAUUSD 22 - 26 AprilGold price next week from 22 - 26 April We will need to see a close above 2410/2412 zone to further open the range above or a rejection will follow to find support at 2373. A cross and lock below 2373 will be a sign for a stronger retracement and I will update my chart with a different plan. The price of gold surged to a new high above 2400 as tensions in the Middle East escalated. The uncertainty surrounding the conflict led investors to seek the safety of gold, pushing prices up to 2431 zone. A close above 2410 zone will open the following targets as shown in the chart above. Price has maintained above the channel with our final long range target at 2440 still remaining. The extended levels 2450, 2472 and 2500 will only activate once we see a close above 2440. We will keep the above in mind when taking buys. Gold price maintains a stable increase in the H1 time frame. Along with Middle East military tensions, Gold price continues to have a huge upward momentum. Based on the resistance and support areas of the gold price according to the H1 frame, i identify the important key levels/zones at: Resistance: 2410, 2430, 2448 Support : 2373, 2310 Targets 2402 2422 I will keep you all updated with regular updates throughout the week. Don't forget to like, comment and follow to support me, i really appreciate it! I wish you a good week, trade with a stop loss and I hope you all get rich! Longby TheDutchGoldTradeHubUpdated 114
Update gold price at the beginning of the week!Hello everyone, let's explore the price movements of gold in the new week! At the beginning of the trading week, gold quickly adjusted downwards, losing nearly $23 in the first few hours of the Asian trading session. Currently, the price of gold is at $2369 and it is projected that in the short term, this metal may continue to decline after reaching the trendline and forming a descending triple top pattern. However, in the long term, gold still has an upward trend. The ongoing instability in the Middle East continues to drive the demand for gold as a safe haven asset to cope with political uncertainty. In terms of prospects and expectations for the week: This week, we should pay attention to economic data including new home sales figures for March released on Tuesday, durable goods orders for March on Wednesday, pending home sales, initial jobless claims, and preliminary Q1 GDP (including quarterly PCE) on Thursday, and March PCE on Friday. These will be crucial in determining the future movements of gold, so closely monitor them to stay updated on trading opportunities!by RKarina27
BTC Update I have opened long positions at 60k, 61k, 62k, and 63k. Now, I expect a slight dip to fill the CME gap. I am closing 50% of my position to book some profit and will add more if the price comes down. The prices I am looking to add long positions at are 64411 and 63501. There is no new CME gap formed between 64405 and 64495; it will fill sooner or later.Longby Rushilism0
Hindalcohas made good base around 600 level ready to move towards 640-650 levels .keep on radar by deepshah19821
Reliance Industries reliance well holding above breakout level of 2750from last 12 weeks consolidating in a narrow range of 3040-2850 . Tommorow are reliance result i dont think any big negative in results as we can see multiple reversal candal from 2850 level can cross 3050 and move towards next upside zone towards 3250 in next 2 -3 month .only to worry if breaks and closes below 2850 level with volume .by deepshah19822
Banknifty exactly take support at daily trend lineBankNifty found support precisely at the daily trend line, demonstrating the significance of price action. The decline in BankNifty was attributed to chart patterns rather than any impact from the Israel-Iran conflict.Longby biplab865
Gold bullish trade setup - April 20Gold bullish trade setup 2 scenarios If price breaks support, cancel bullish setup.Longby tina0001Updated 111
Island Top - Reversal Pattern, Rsi DivergenceIsland Reversal, A significant gap up, or sharply higher price at the open, follows an upward price trend, then reverses to a bearish price trend. Rsi divergence implies a change in relative strength as compared to price movement. The price has come out of the regression channel. Probably we are in the 4th wave, which means we have completed the top of the 3rd impulse wave. This would be confirmed if it closed below 21550 in the coming weeks. by OK_Rane7
🔥GOLD TREND ANALYSIS NEXT WEEKYesterday, the gold market saw a strong rise under the influence of the geopolitical situation in the Middle East, reaching a maximum of $2,417 in the morning, but then the price retreated and the gains were completely digested. It rebounded again to $2,401 in the evening and finally closed at $2,390, exactly in line with our expectations. The daily chart shows a long upper shadow Yang line, and the short-term indicators continue to decline, forming a deviation from the K-line development. Technically, further rise is not optimistic for the time being. At present, the geopolitical situation in the Middle East remains a key factor in the market. However, judging from the current situation, it is unlikely that another escalation or even a large-scale war will break out (because Iran does not want the situation to escalate). If the war situation is downgraded, the buying power of gold may weaken, and the market may fall into shock or start to retreat. Judging from the weekly chart, bulls are still in a strong state, but it should be noted that the bottom may be reached in the form of a pullback next week, and one should not blindly chase higher. Technically, the 4-hour chart of gold shows a double top pattern. If risk aversion appears next week and pushes prices up again, but fails to break through new highs, it may continue to fall, which will further confirm the top pattern. The daily closing line of gold has not stabilized above 2400, indicating that 2400 is still a solid resistance level. Market sentiment is likely to remain cautious, with investors closely monitoring geopolitical developments and economic data releases for cues on future gold price movements. If geopolitical tensions escalate or economic uncertainty increases, gold could see renewed buying interest. A break above 2400 could lead to further upside momentum, with potential targets around 2420 and 2450. Failure to hold above 2400 could trigger profit-taking and a pullback in gold prices. In this scenario, key support levels to watch include 2375 and 2350. A break below these levels could pave the way for a deeper correction towards 2320 and 2300. Traders should closely monitor key levels and geopolitical developments to assess the direction of gold prices next week. Additionally, maintaining a prudent risk management strategy is essential to navigate potential volatility in the market.by JackBlackwellUpdated 41
NASDAQ 100 E-Mini Future Technical Chart Weekly Analysis 📊 NASDAQ 100 E-Mini Future Technical Chart Analysis 📅 18 June Future 🎯 Range Trigger Point: 17181 🎯 Weekly Range: 1238 Point 📉 Buy Above: 17878 📉 Average At: 17732 🎯 Buy Target 1: 17946 🎯 Buy Target 2: 18418 🛑 Buyer Stoploss: 17466 📉 Sale Below: 17586 🎯 Sale Target 1: 16416 🎯 Sale Target 2: 15943 🛑 Seller Stoploss: 17998 Please follow/boost or respond what do you think of this trade. You actions fuel me to work ever harder to provide directional trade and save the traders from any shock from the market. #NASDAQ #NASDAQ100 #NASDAQFuture #Nasdaq100EMiniFuture NASDAQ 100 E-Mini Future Weekly Technical Analysis Traders preparing for NASDAQ 100 E-Mini Future should anticipate a dynamic week ahead, guided by distinct levels and a delineated weekly range. Key Levels: Range Point: 17181 Weekly Range: 1238 points Buy Scenario: For traders inclined towards long positions, closely monitoring the market for an upsurge beyond 17878 is essential. Establishing an entry at 17732 could secure a stable average position. Targets for buyers are set at 17946 and 18418, reflecting potential bullish momentum. To mitigate downside risk, it's prudent to implement a stop-loss at 17466. Sell Scenario: Alternatively, a decline below 17586 might offer opportunities for short positions. Sellers eyeing targets at 16416 and 15943 should exercise caution. Implementing robust risk management strategies is essential, with a stop-loss set at 17998 to safeguard against potential losses. As traders navigate the NASDAQ 100 E-Mini Future, a comprehensive grasp of these levels and disciplined risk management practices will be pivotal for capitalizing on opportunities while mitigating risks effectively.by NumroTrader0
Dow Jones Industrial Future Technical Chart Weekly Analysis 📊 DJI Future Technical Chart Weekly Analysis 22-26 April, 2024 📅 18 June Future 🎯 Range Trigger Point: 38210 🎯 Weekly Range: 1175 Point 📉 Buy Above: 38185 📉 Average At: 38047 🎯 Buy Target 1: 38936 🎯 Buy Target 2: 39385 🛑 Buyer Stoploss: 37793 📉 Sale Below: 37908 🎯 Sale Target 1: 37484 🎯 Sale Target 2: 37035 🛑 Seller Stoploss: 38300 Please follow/boost or respond what do you think of this trade. You actions fuel me to work ever harder to provide directional trade and save the traders from any shock from the market. #DowJones #DJIA #WallStreet DJI Future Weekly Technical Analysis Traders gearing up for DJI Future should gear up for a dynamic week ahead, guided by clear levels and a defined weekly range. Key Levels: Range Point: 38210 Weekly Range: 1175 points Buy Scenario: For traders considering long positions, monitoring the market for an uptick beyond 38185 is crucial. Establishing an entry at 38047 could provide a solid average position. Targets for buyers stand at 38936 and 39385, indicative of potential bullish momentum. To manage downside risk effectively, a prudent stop-loss is advised at 37793. Sell Scenario: Conversely, a descent below 37908 could present opportunities for short positions. Sellers targeting 37484 and 37035 should exercise caution. Implementing robust risk management strategies is paramount, with a stop-loss set at 38300 to mitigate potential losses. As traders navigate the DJI Future, a comprehensive understanding of these levels and disciplined risk management practices will be crucial for optimizing opportunities while managing risks effectively. Uby NumroTrader1
Silver MCX Future Weekly Technical Chart Analysis 22-26 April 📊 Silver MCX Future Technical Chart Analysis 📅 29 May Future 🎯 Range Point: 83507 🎯 Weekly Range: 1586 📉 Buy Above: 83716 📉 Average At: 83529 🎯 Buy Target 1: 84487 🎯 Buy Target 2: 85093 🛑 Buyer Stoploss: 83187 📉 Sale Below: 83342 🎯 Sale Target 1: 82527 🎯 Sale Target 2: 81921 🛑 Seller Stoploss: 83871 Please follow/boost or respond what do you think of this trade. You actions fuel me to work ever harder to provide directional trade and save the traders from any shock from the market. #Silver #SilverTrading #SilverFutures #SilverOptions #CommoditiesTrading #TradingStrategy #SilverPrice #MCX #CommoditiesFutures #CommoditiesOptions Silver MCX Future Weekly Technical Analysis Details: Traders diving into Silver MCX Future should brace themselves for an eventful week ahead, guided by distinct levels and a delineated weekly range. Key Levels: Range Point: 83507 Weekly Range: 1586 points Buy Scenario: For traders inclined towards long positions, a keen eye on the market for an upsurge beyond 83716 is warranted. Establishing an entry at 83529 could secure a stable average position. Ambitious targets for buyers are set at 84487 and 85093, suggesting potential bullish momentum. To mitigate downside risk, it's prudent to implement a stop-loss at 83187. Sell Scenario: Alternatively, a descent below 83342 might offer opportunities for short positions. Sellers eyeing targets at 82527 and 81921 should exercise caution. Implementing robust risk management strategies is essential, with a stop-loss set at 83871 to safeguard against potential losses. As traders navigate the Silver MCX Future, a comprehensive grasp of these levels and disciplined risk management practices will be pivotal for capitalizing on opportunities while mitigating risks effectively. by NumroTrader5
Gold MCX 5 June Future Weekly Technical Chart Analysis 22-26 Apr📊 Gold MCX 5 June Future Technical Chart Analysis 🎯 Range Point: 72806 🎯 Weekly Range: 2115 📉 Buy Above: 72507 📉 Average At: 72258 🎯 Buy Targets 1: 74113 🎯 Buy Targets 2: 74921 🛑 Buyer Stoploss: 71802 📉 Sale Below: 72008 🎯 Sale Targets 1: 71499 🎯 Sale Targets 2: 70691 🛑 Seller Stoploss: 72713 Please follow/boost or respond what do you think of this trade. You actions fuel me to work ever harder to provide directional trade and save the traders from any shock from the market. #GoldTrading #GoldPrices #PreciousMetals #CommodityTrading #InvestingInGold #MCX #CommoditiesFutures #CommoditiesOptions Gold MCX Future Weekly Technical Analysis Details: Traders gearing up for Gold MCX Future should prepare for an eventful week ahead, characterized by clear levels and a defined weekly range. Key Levels: Range Point: 72806 Weekly Range: 2115 points Buy Scenario: Traders eyeing long positions should closely monitor the market for an uptick above 72507. Establishing an entry at 72258 may provide a stable average position. Target objectives for buyers are set ambitiously at 74113 and 74921, indicating potential bullish momentum. To safeguard against downside risk, a prudent stop-loss is recommended at 71802. Sell Scenario: Alternatively, a decline below 72008 could signal opportunities for short positions. Sellers targeting 71499 and 70691 should exercise caution. Implementing robust risk management strategies is essential, with a stop-loss set at 72713 to mitigate potential losses. As traders navigate the Gold MCX Future, a comprehensive understanding of these levels and disciplined risk management practices will be critical for seizing opportunities while managing risks effectively.by NumroTrader4
Natural Gas MCX Future Weekly Chart Technical Analysis 22-26 Apr 📊 NG MCX 26 April Future Technical Chart Weekly Analysis 🎯 Range Point: 146.80 🎯 Weekly Range: 11.90 📉 Buy Above: 146.25 📉 Average At: 144.85 🎯 Buy Targets 1: 154.15 🎯 Buy Targets 2: 158.70 🛑 Buyer Stoploss: 142.28 📉 Sale Below: 143.45 🎯 Sale Targets 1: 139.45 🎯 Sale Targets 2: 134.90 🛑 Seller Stoploss: 147.42 Please follow/boost or respond what do you think of this trade. You actions fuel me to work ever harder to provide directional trade and save the traders from any shock from the market. #NG #NaturalGas #GasPrices #NatGas #EnergyTrading #MCX #CommoditiesFutures #CommoditiesOptions NG MCX Future Weekly Technical Analysis Traders focusing on NG MCX Future should anticipate a volatile week ahead, marked by distinct levels and a defined weekly range. Key Levels: Range Trigger Point: 146.80 Weekly Range: 11.90 points Buy Scenario: Traders considering long positions should closely monitor the market for an upward breakthrough above 146.25. An entry at 144.85 could offer a stable average position. Ambitious targets for buyers stand at 154.15 and 158.70, suggesting potential bullish momentum. To manage downside risk effectively, it's prudent to set a stop-loss at 142.28. Sell Scenario: Conversely, a descent below 143.45 may prompt opportunities for short positions. Sellers targeting 139.45 and 134.90 should exercise caution. Implementing robust risk management strategies is paramount, with a stop-loss placed at 147.42 to mitigate potential losses. As traders navigate the NG MCX Future, a comprehensive understanding of these levels and disciplined risk management practices will be crucial for optimizing opportunities while mitigating risks effectively. by NumroTrader0
Crude Oil Weekly Technical Chart Analysis 22-26 April 📊 Crude Oil MCX 20 May Future Technical Chart Weekly Analysis 🎯 Range Point: 6981 🎯 Weekly Range: 374 📉 Buy Above: 7049 📉 Average At: 7005 🎯 Buy Targets 1: 7212 🎯 Buy Targets 2: 7355 🛑 Buyer Stoploss: 6924 📉 Sale Below: 6961 🎯 Sale Targets 1: 6750 🎯 Sale Targets 2: 6607 🛑 Seller Stoploss: 7086 Please follow/boost or respond what do you think of this trade. You actions fuel me to work ever harder to provide directional trade and save the traders from any shock from the market. #Crude #CrudeOil #CrudeOption #CrudeFuture #MCX #MCXLevels #OilFuture Crude Oil MCX 20 May Future Weekly Technical Analysis Traders eyeing the Crude Oil MCX 20 May Future should prepare for a dynamic week ahead, marked by clear levels and a defined weekly range. Key Levels: Range Point: 6981 Weekly Range: 374 points Buy Scenario: Traders seeking long positions should monitor the market closely for a breakout above 7049. An entry at 7005 could provide a solid average position. Ambitious targets for buyers are set at 7212 and 7355, indicating potential bullish momentum. To mitigate downside risk, a prudent stop-loss is advised at 6924. Sell Scenario: Alternatively, a drop below 6961 may present opportunities for short positions. Sellers targeting 6750 and 6607 should remain vigilant. Implementing effective risk management strategies is essential, with a stop-loss set at 7086 to limit potential losses. As traders navigate the Crude Oil MCX 20 May Future, a comprehensive understanding of these levels and disciplined risk management practices will be critical for capitalizing on potential opportunities while managing risks effectively. by NumroTrader5
Gold Next week Forecasting, Ready to FLY....Good Evening Traders, I am sharing Gold possible moves for the upcoming week. Gold is moving ATH (All time high), Levels due to the rising geo-political risk in the Middle East after the alleged reports of Israel's drone airstrike in Iran and still, there is no such possibilites where we can see further cool down the geo-political risk. Gold levels to understand both possible scenarios. Gold is bullish in all Time frames. selling gold this time is not a good Idea. we can see only retracements in the way of selling. Gold major and recent support is 2362 - 2352, if any case gold will break this level, only then we can anticipate Sell on retracement of same level till next support 2322. Or-else we can try to find Buy from every dip.In buy side if any candle close above 2400 then we can see buy from retracement of 2400 till 2431. 2431 is the hurdle for gold to reach 2468 to 2510 levels FOLLOW US by vikasvasusharma4
Gold continues to fluctuate and riseDue to the sudden intensification of the conflict between Iran and Israel on Friday, gold quickly rose to around 2417. After the market's risk aversion sentiment cooled down, the price quickly fell back to the resistance level of 2372, and then rebounded to around 2400, but did not effectively break through 2400. At present, the market is still in a volatile trend, but the overall trend is still volatile and rising. It is not recommended to go short. Because geopolitical conflicts in the Middle East may escalate at any time, although Israel and Iran still maintain a certain degree of restraint. As soon as the conflict escalates, the price of gold will soar. Trading strategy: From the chart, although the price of gold has not reached a new high, it is still fluctuating and rising along the upward trend line, so it is not recommended to sell at the moment. It is also not recommended to buy after the price rises rapidly. Recently, gold has always fallen back quickly after rising high. At present, gold may fall back to the 2370-2380 range. If the price falls back to this range, you can buy it.Longby winner-200434
🔥GOLD SET FOR TECHNICAL CORRECTIONGold rose rapidly in the morning, stimulated by the news, reaching a maximum of around 2417, with an increase of about $43. However, there was a retracement later, with the lowest falling to around 2380, basically erasing the morning gains. This dynamic may be a shuffling behavior by short-term short sellers with the help of news. If the morning rise is just a release of bullish energy, then the subsequent correction may not be very large. Although the daily system is still healthy, the price has exceeded market expectations, which may trigger the release of short pressure. As the European market continues to rise strongly or resist falling, we need to wait cautiously for the US market. Today is the end of the weekly chart. In early trading, there are signs of profit-making selling by bulls. It is not advisable to chase the bulls and avoid repeating the trend of last Friday. Although the bulls are currently strong, the Asian and European markets are still dominated by corrections, and it is not advisable to take high risks and operate against the trend.. If the bulls continue to strengthen, the support below will be difficult to reach. You can pay attention to the 5-minute K-line strength stop point to intervene in long orders, and defend at the low point of the K-line. The market is constantly changing and strategies need to be adjusted in a timely manner. Gold breaks through upward, and it is recommended to take advantage of the trend to be bullish. The 1-hour chart broke through the shock range and turned upward. If there is no support from breaking news during the day, the range may still be dominated by shocks. Generally speaking, today's short-term operation ideas are mainly callback longs, supplemented by rebound shorts, focusing on the resistance range of 2400-2412 at the top and the support range of 2365-2375 at the bottom.by JackBlackwellUpdated 46