World gold prices stabilized with gold down 2.4 USD and trading around 2,330.2 USD/ounce. Rising US Treasury yields and a stronger dollar have put pressure on precious metals as markets await reports for more clues on the US Federal Reserve's (Fed) interest rate path. The market is currently waiting for non-farm employment data to know whether the US labor...
Hello traders, Hope you all captured the down move we shared a couple of days ago. We are short again after a pullback today(please refer our today's post), and we have explained the corrective wave count (WXYXZ) in this chart, so please have a look. The price is rejecting 61.8% of previous swing highs, and we expect it to continue the downtrend tomorrow(could...
At the start of today's trading session, gold prices continue to rise, driven by strong investor demand. Additionally, the precious metals market is bolstered by a weakening USD and a slight increase in crude oil prices. At the time of writing, gold is hovering around $2,332, up $6 from the same time in the previous session. The gold market is currently in a...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (02-07-2024) Current price- 2323 "if Price stay above 2312, then next target is 2335 and 2352 and below that 2305. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
GOLD SETUP TRADE WIH 1:8 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 1H trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more GOLD SETUP TRADE...
Buying around 10 to 15 target 55 & 115 Strictly ZERO HIGH RISK Just a View Not a Reco...
1. Currently it is consolidating, if it breaks upside we can look for the marked targets. 2. No new entry as RRR is not favourable. 3. I'm holding it from the bottom and trailing the SL aggressively. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! ...
The slight rise in the US Dollar (USD) has led the USD Index (DXY) to register a modest gain, remaining close to the 106.00 mark at the start of the week. However, this modest increase in the greenback has caused the EUR/USD pair to lose some of its previous strong gains, falling back to near a multi-day high around 1.0780. In the short term, the recent rate cut...
Price has taken support from 52000, but still it has to gain strength to move up. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 52120. Stop Loss : 52020. Targets : 52200, 52280, 52400, 52480 and 52560. Sell below : 51900. Stop Loss : 51980. Targets : 51820 ,51760, 51640, 51560 and 51480. Check the live market updates. Hit the...
Deepak Nitrite has completed the Inverted Head and Shoulder pattern today with a potential upside of 18% as shown in the chart. This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision.
Nifty will be gap up opening in today's session. After opening nifty sustain above 24160 level and then possible upside rally up to 24280 level in today's session. in case nifty trades below 24100 level then the downside target can go up to the 23980 level.
Bank Nifty is in consolidation range, with no upcomming events to trigger a rally, safe to sell 53600 Call at 60 - 62, a good 1000 Points away Naked Sell , if one wants to hedge sell 1/2 qty put of same price, or buy 1/2 value call for same expiry
Just today JM Financial gave a break out it's important resistance and gave closing above resistance zone.
Today, the spot price of gold stands at around $2,327 per ounce, a slight increase of $1 per ounce compared to the end of last week. A survey of 12 analysts reveals that 4 experts (33%) predict a rise in gold prices, 2 analysts foresee a decrease, and the remaining 6 expect prices to remain stable. Currently, gold is trading within a relatively narrow range and...
NSE:INFY Analysis on a Daily Timeframe! Double Bottom Pattern formation in Infosys Ltd! Double Bottom Pattern/ W Pattern Formation with RSI Divergence! Analysis: As we can see in the chart NSE:INFY started falling down from Feb 2024. It was in clear downtrend. After that it has made a double bottom pattern but it's second bottom is lower than its first...
3rd July, 2024: Bank Nifty Elliott Wave Analysis The impulse that started on June 4th after the election day crash is still ongoing and progressing through waves 1, 2, 3, 4, and 5. Bank Nifty has completed waves 1, 2, and 3, and currently, we are in wave 4 (at present, we're not considering further extension scenarios of wave 3). HDFC Bank & Bank Nifty: HDFC...