Hello everyone! What do you think, where will gold close today? In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300. Looking at the 1-hour chart,...
Hello everyone, today the price of gold continues to trade around the psychological level of 2300 USD. Accordingly, gold was not beyond my prediction when it approached 2300 USD to receive new resources around this support area. After the Fed's above announcement, gold lost its inherent momentum, causing the number of investors buying to decrease...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (14-06-2024) Current price- 2320 "if Price stay below 2339, then next target is 2305 and 2285 and above that 2362. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Hello traders! 👋 As we approach the end of the trading week, EURUSD remains in the red on this Friday, currently hovering around the 1.071 mark. The outlook remains bearish as the pair continues to trade within a tightening wedge pattern, and both the EMA 34 and EMA 89 are favoring the sellers. Key Observations: Current Level: EURUSD is trading near 1.071,...
Reason for shorting: As per Elliott Wave theory, Bank Nifty has completed the 1, 2, 3, 4, 5 moves, and wave 5 went up in a contracting triangle ED (Ending Diagonal). It has completed a degree, and now we are expecting a correction. Based on Fibonacci retracement levels, our minimum targets are 0.618 and 0.786. Time Frame: Weekly Stop Loss: Above ATH...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (12-06-2024) Current price- 2336 "if Price stay below 2360, then next target is 2320 and 2300 and above that 2392. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Godrej prop is in parallel channel. I have a feeling this time it will give breakout above 3100 and 3200,3300,3500 can be seen.
Round Bottom Breakout RSI above 65 and rising Trading above EMA50 Volume increasing 3 Years of consolidation Testing ATH
Hello Everyone. i hope you all will be doing good in your trading and your life as well. I have brought a stock which is under 50 rs. and have potential to give double digit returns in few days. Stock just have given breakout of falling resistance trendline. There is higher probability we can see this stock above 50+ in coming days. MACD is giving bullish...
#Bank Nifty 14 Jun 2024 "Life is Simple, we make it complicated, So is Trading. Discover Simple, Yet Powerful Ideas." In Play : HH : HL Summary • CMP : 50085 • Clean Price Action with Vol favor's BULLS FOOT PRINT • Nice gap filled in both the directions and bears losing steam • Trading right AROUNG VP mountain - ATH : 51,133 Conclusion • CMP 50085 • Looks...
Paras has taken support and reversed, should reach 1200 in 10-15 days, looks strong, one can add to portfolio
Titan made bottom on Tuesday and made a reersal. I think Titan is now got the power to go all time high from here. Even 4000 is possible.
#Jayshree Tea 13 Jun 2024 "Life is Simple, we make it complicated, So is Trading. Discover Simple, Yet Powerful Ideas." In Play : HH : HL Summary • CMP : 109.65 • Clean Price Action with Vol favor's BULLS FOOT PRINT with FALSE BREAKDOWN • Nice consolidation for the past 36 months/3 years • Trading right AROUNG VP mountain Conclusion • CMP 109.65 • Looks good...
As we discussed in the morning, BANKNIFTY ended up sideways. If we look at the chart now: The market is indecisive, as neither bulls nor bears are able to move the market in a direction. The market is taking support at 50 EMA(15 min TF). If it breaks to the downside, we might get a good bearish fall til 200 EMA. Support levels: 49929, 49704, and...
The provided chart displays the price action for Gold Spot (XAU/USD) on 1 hour time frame, dated June 14, 2024. Here’s a detailed analysis based on the chart: ### **Chart Analysis** 1. **Trend Line and Breakout:** - The price initially follows an upward trend indicated by the dashed trend line. - There is a breakout above this trend line, indicating a...
Gold is trading in a downtrade channel. Channel support is 22287 and that can be our target
We have a good shorting opportunity in Bank Nifty for a short-term bearish trade. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only.