xau/usd trade analysisif price brake through 2393 area and retest that zone one can open long position long area 2372 tgt1 2397 tgt2 2406 sl area 2368Longby Harsh81885
Gold stays bullish despite recent pullback, focus on $2,400 Gold price lacks clear directions after retreating from the highest level in a month while snapping a two-day winning streak. In doing so, the XAUUSD eased from a one-month-old horizontal resistance zone surrounding the $2,400 threshold. The pullback also gained strength from the US Dollar’s rebound. However, the bullion still carries an early-week breakout of a descending resistance line from April 12, now immediate support around $2,365. Additionally, keeping the buyers hopeful are the bullish MACD signals and the upbeat RSI (14) line. With this, the quote is likely to prevail on the bull’s radar and can gain more upside strength on crossing the $2,400 hurdle. In that case, the $2,418 and $2,431 will lure the bulls before directing them towards refreshing the all-time high by targeting the $2,500 threshold. It’s worth noting that the Gold price weakness past the resistance-turned-support line of $2,365 won’t open the doors for the sellers as the 21-SMA and an upward-sloping trend line from mid-March, respectively near $2,336 and $2,318, will challenge the commodity’s south-run. Should the precious metal remain bearish past $2,318, the $2,300 round figure and the monthly low of nearly $2,277 will be the final defense of the buyers. Following that, the XAUUSD’s fall toward the late March swing high of $2,222 can’t be ruled out.by MTradingGlobal0
Nifty Institutional levels | Intraday 17-May-2024 |convert chart into 1 min Soon i will give update on how to use this IT levels in Options Trading. Disclaimer:- The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in trading or investment activities is at the sole discretion and risk of the individual. We strongly recommend consulting with a qualified financial advisor or professional before making any investment decisions. We do not guarantee the accuracy, completeness, or reliability of any information provided, and we disclaim any liability for any loss or damage arising from reliance on the information provided. Users are solely responsible for their own investment decisions and actions and off course we are not SEBI registered.by ReviveTraders4
Oil turnaround to upside ?Recent developments in the US oil market have sparked optimism among analysts, as prices appear to be finding solid support on a macro trendline when viewed on a weekly timeframe. This suggests that after a period of volatility, oil might be gearing up for upmove.It might check the levels to upside from here with targets of 80,82,84 above.by rakeshreddymUpdated 2210
Silver MCX if break today low 86800 then good fall will come in On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
Gold we can see good fall in few days On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
Copper MCX made it's top sell on risw till 906 not break On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader2
Crude buy on dip till recent low not break, we will see 6900 +On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader5
NATURAL GAS Trade idea - Educational purposes.The chart is self-explanatory and shared for educational purposes. Natural gas is currently trading within a support zone. If it reverses from this level, we may see stronger uptrends. However, if the support breaks with a clear signal, it could indicate a downtrend. Trade with Stop-loss 🚨 Disclaimer: This is not financial advice. Trade at your own risk. Past performance is not indicative of future results. Consult with a financial advisor.by NK-PKUpdated 8
🔥Gold returns to slow bullish trend💲On the daily line, gold recorded a positive column, and the real column successfully crossed the short-period moving average and maintained above the moving average of each period. The overall Bollinger trend remains upward, although it has not yet fully opened its mouth. Observing from short-term indicators, the downward potential energy has shown signs of slowing down, and MACD also has the intention to form a golden cross. If it can be accompanied by an increase in trading volume, this may further increase the strength of multiple parties and prompt gold prices to rise again. After the previous two days of adjustments, the effectiveness of the support around $2,330 has been basically confirmed. So far, the price of gold has risen steadily to above $2,360, showing a slow bullish upward trend. However, this slow rising trend is often not very strong. Once affected by negative factors, the price may retract very quickly. In the short term, the main resistance faced by gold prices is located at $2,378. If it can effectively break through this resistance, it is expected to further challenge the $2,400 mark. On the whole, today's short-term gold operation advice is to focus on callbacks and shorts, with the upper short-term focus on the 2378-2380 resistance range and the lower short-term focus on the 2355-2360 support range.by MasterGoldTraderUpdated 5
Natural Gas All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions SL 1Hr candle close only, Target Trigger Price Shortby BUY_TODAY_TamilUpdated 13
#NaturalGas MCX - May 16 - 17Natural Gas: Key Levels to Watch Important levels for Natural Gas: Bearish below $200: This suggests a potential downward trend if the price falls below $200. Invalid above $204.5: Prices exceeding $204.5 might be considered outliers or unreliable due to potential reasons like insufficient data or technical glitches. Shortby Shalvisharma51
Silver Intraday - MCX - May 16#Silver Intraday Analysis - Bullish Ascending Triangle Current Price: Above 87460 Target: Level 1: 87650 Level 2: 87800 Level 3: 88000 Chart Pattern: Ascending Triangle (Bullish Continuation) Rationale: Silver is trading above 87460 within an ascending triangle pattern. This pattern typically indicates a continuation of the uptrend. A breakout above the triangle's resistance (around current price) suggests potential for further upside. Targets: The analysis suggests three potential target zones based on the height of the triangle and the current price level. Stop Loss: A stop-loss order is placed below the triangle's support at 87260 to limit potential losses if the price breaks down below the pattern. Risk Management: Always remember to manage your risk by using stop-loss orders and position sizing appropriately. This analysis is for informational purposes only and should not be considered financial advice.by Shalvisharma58
Natural Gas MCX Future Technical Chart Analysis 16 May📈 NG MCX Future Technical Chart Analysis: 📊 Range Point: 198.90 📉 Day Range: 8.70 💰 Buy Above: 198.88 💼 Average At: 197.85 🎯 Buy Target 1: 204.28 🎯 Buy Target 2: 207.60 🛑 Buyer Stoploss: 195.98 💰 Sell Below: 196.82 💼 Sell Target 1: 193.52 💼 Sell Target 2: 199.72 🛑 Seller Stoploss: 199.72 Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you! #NG #NaturalGas #GasPrices #NatGas #EnergyTrading #MCX #CommoditiesFutures #CommoditiesOptions by NumroTrader1
Crude Oil MCX Future Technical Chart Analysis for 16 May 📈 Crude Oil MCX Future Technical Chart Analysis: 16 May, 2024 📊 Range Trigger Point: 6551 📉 Day Range: 162 Points 💰 Buy Above: 6515 💼 Average At: 6496 🎯 Buy Target 1: 6651 🎯 Buy Target 2: 6713 🛑 Buyer Stoploss: 6461 💰 Sell Below: 6477 💼 Sell Target 1: 6451 💼 Sell Target 2: 6389 🛑 Seller Stoploss: 6531 "Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you! #NG #NaturalGas #GasPrices #NatGas #EnergyTrading #MCX #CommoditiesFutures #CommoditiesOptionsby NumroTrader0
XAU increased while US inflation cooledYesterday, lower-than-expected monthly CPI and Retail Sales data in the US supported the possibility of multiple interest rate cuts by the Fed in 2024. US CPI decelerated to 0.3% in April, lower than the expected level of 0.4%. While Retail Sales were flat, missing the expected increase of 0.4%. The DXY index fluctuates around 104.20. The decline in US government bond yields is weakening the USD. US government bond yields for 2-year and 10-year terms were at 4.71% and 4.32 respectively after the data was published. Cooling inflation will help the Fed soon make a decision to lower interest rates, to support the US economy, which is showing more signs of slowing down. Cooling inflation will also soothe the psychology of US investors and consumers. Gold prices increased because tensions in Ukraine and the Middle East still show no signs of cooling down. Russia is attacking on many fronts in Ukraine and fierce fighting is occurring. Meanwhile, in the Middle East, Iran recently said it would create a nuclear bomb if threatened by Israel.by NicoTradingMaster5
HDFC May Future BuyHDFC Future buy at 14451 SL 1440, HDFC seems to be breaking out / bouncing back, and can be bought above 1451, with SL of days low + 5 Rs so ideally 1440. Longby Puneet2020Updated 112
SILVER/GOLD Ratio ChartSIlver might outperform Gold from the chart analysis. Need to see monthly close above Trendline for confirmation. Then we can plan more concentration in silver than gold in case of any equity market downside.Longby sfk12292
SILVER LONG IDEASilver looks good. Silver Brokeout of Monthly Trendline and Horizontal Resitance also. I will take more silver expecting 35$ and 50$ as Targets if it closes monthly above 30$. Lets see and plan accordingly. Longby sfk12290
Usoil Order Block | SWING TRADEUSOIL SWING TRADE Usoil 1hr Order Block This Order block is vimp because its 1 hr POI. At this level we can see some Liquidty pool. Here we can take trade with 5 min CHoCH. Follow for Daily Forex Update Note - Only for education purpose.Longby PM_PatilUpdated 7710
Neutral Bias towards GOLDIf the price of gold remains above 2361 since it is .618 level of the recent down move, it suggests a potential for a long position. Conversely, if it goes below 2357, a short position may be considered. These thresholds serve as critical points for traders to make informed decisions based on market movements and price dynamics. Adhering to these levels can help optimize trading strategies and capitalize on price fluctuations in the gold market.by AJ-Paris_Market_UKUpdated 2
NIFTY FUTNIFTY in day time frame analysis Nifty is possible to go up after small retracement by Mr_Money03690