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Gold Prices Drop Under Pressure From US Economic DataOn the 4-hour chart, gold prices have just experienced a sharp decline, currently trading around $2,602/ounce, after falling sharply from a recent high of $2,659/ounce. This weakness comes from the stronger-than-expected US retail sales data, reaching 0.7%, increasing the possibility of the Fed delaying its interest rate cut plan. Currently, gold prices have fallen deeply below both the 34-EMA and 89-EMA, indicating that the short-term downtrend is dominant. The nearest important support zone is located at $2,580, and if this level is broken, the price may continue to decline to the $2,550 area. On the contrary, the current important resistance zone at $2,620 will need to be overcome to create recovery momentum. I believe that gold prices will continue to face downward pressure in the short term, with the possibility of testing the support zone of $2,580. However, the upcoming FED meeting will play an important role in determining the long-term trend. Investors should carefully monitor the signals from the market.
OANDA:XAUUSD
by lilybyred
IRCTC by KRS Charts11 Nov 2024 / 11:11 AM Why IRCTC ❓❓ 1. Fundamentally Good Company. 💪 2. Technically, it was already Entered in Golden Reversal Zone. 🔅 3. Along With that inside that zone now Bulls Counter- Attack is visible ✅ which is formed at the bottom of the Trend for Reversal. 4. At recent Bottom Positive Order Block has formed and showing Bullish Traits from that level. 5. With Bull C. A. green candle RSI is showing Bullish Reversal Divergence. Targets & SL is in Chart
NSE:IRCTCLong
by KRSCharts
EUR/USD Continues Downtrend After Key BreakOn the 4-hour chart, the EUR/USD pair broke the key support at 1.0450, confirming the continuation of the downtrend. After the breakout, the price had a slight recovery but did not have enough momentum to break above the 1.0450 area, which has now become a strong resistance. The pair is below both the 34 EMA and 89 EMA, indicating that the downtrend is still dominant. The next support zone is at 1.0350, and if this level is broken, the price is likely to continue falling towards the 1.0300 area or lower. I expect the price to continue falling in the coming sessions. The short-term target is the 1.0350 area, and if selling pressure continues to increase, the pair could test the 1.0300 area.
by lilybyred
PRECISION CAMSHAF NSE By KRS ChartsDate : 23rd May 2024 Time : 1:08 pm Fundamentally Profitable Company Precision Camshaf is showing bullish trait. --> In Weekly TF Cup & Handle Chart Pattern is visible with Bullish Continues Divg. with recent Low price point. ---> Breakout of C&H was held in July after that price action creating Flag & Pole Pattern from that time period, and currently took support from 100EMA and Neckline of C&H pattern. Very First Upside Target is 333 Rs which is height of flag , Further Targets will be after price reach T1. Thank You! Have A Good Day!
NSE:PRECAMLong
by KRSCharts
SAKAR HEALTHCARE By KRS Charts13th September 2024 / 9:49 AM Why SAKAR❓ 1. First sign that attract me was SAKAR is in Bullish Trend making HHs and HLs since listed. ⬆️ 2. SAKAR is currently reacted to be bullish again from 100 EMA support in 1W TF. also in 1D TF 100 EMA is Just Underneath 👌 3. Fortunately, it reacted to be bullish within that 0.5 to 0.618 fibbo zone. ⚡ 4. Bullish Continues Divergence is also supporting SAKAR to be bullish. ✅ SL is Flexible, in 1W TF until closing below 100EMA line. Target so far I'm expecting is New All Time High point
NSE:SAKARLong
by KRSCharts
SARLAPOLY By KRS Charts27th Nov 2024 / 3:30 PM Why SARLAPOLY ❓ 1. Stock was Stuck under 80 Rs. Resistance since many Years and this year in May it broke the resistance and sustained above 80 Rs. 📈 2. Fundamentally Good company with less than 15 P/E. 💪 3. With Accumulations on Higher TFs SARLAPOLY is making Cup & Handle Pattern. ☕ 4. As we discuss it already Broke 80 Rs. Range and recently it retests too on same resistance this makes my conviction strong on this 💪 5. Today giving 15 % Upside move with Strong Volume is confirmed Entry. ✅ Target is expected 145 Rs in Medium to long Term With SL of 78 Rs 1W Closing basis.
NSE:SARLAPOLYLong
by KRSCharts
2
EUR/USD Unexpected DropThe EUR/USD currency pair has been showing significant volatility recently, with the current trend being bearish, as it has broken above both the 34 and 89 EMAs. This indicates an increase in selling pressure, with the current price at 1.05240, lower than the previous days, and approaching the important support level at 1.05000. Notably, there is also a gap on the chart, indicating a sudden interruption in trading, which is often a sign of sudden important news or events. Personal opinion: In the current context, although the bearish trend may be worrying for many investors, I believe that this could also be an opportunity to buy at low prices if the euro starts to recover. The fact that the price is currently below both EMAs could further deepen the downtrend, but this could also lead to a strong recovery if there are supporting factors from economic data or from the policies of the European Central Bank.
by Maria_aaa
How to Navigate Gold Investments in the Current Context?In recent days, gold prices have seen a significant decline, currently at $2,630/ounce, down to $18. This reflects clear pressure from investors as they see that US inflation is not yet "hot" enough to expect an early interest rate cut from the Fed, although the core personal spending index has increased by 2.8% over the past 12 months. In correlation with strong economic indicators and current geopolitical sentiment, gold may no longer be the safe haven it has always been. Looking at the chart, it is clear that gold prices are struggling to maintain the important support level at $2,640, which was clearly broken in the recent trading session. Technical analysis shows that gold is trading below both the 34 EMA and the 89 EMA, which suggests that the short-term downtrend could continue. However, this also opens the door for a price recovery if there are unexpected positive economic signals. My personal short-term view is that gold prices may continue to be under downward pressure. Stronger-than-expected US economic data and no signs of a change in the Fed's monetary policy are the main factors that are putting pressure. However, in the long term, I remain optimistic about the value of gold as a safe investment, especially in the context of central banks around the world such as Poland and Hungary actively buying gold as a hedge against geopolitical uncertainties.
OANDA:XAUUSD
by Maria_aaa
USDJPY: Approaching Key Support at 150.000USDJPY is trading around 150.038, testing the critical support level at 150.000 after a sharp decline. The EMA 34 (152.215) and EMA 89 (150.899) act as strong resistance, limiting recovery momentum. If this support level is breached, the price may continue to drop toward the 148.000 zone, a significant previous low. Conversely, if the 150.000 level holds and the pair breaks above the EMA 34, USDJPY could target the 152.000 resistance level. News of the ceasefire in the Middle East has reduced safe-haven demand, putting pressure on the Japanese Yen, while the US Dollar remains strong due to high US Treasury yields. Traders should closely monitor these levels to adjust their strategies accordingly.
Long
by Vanna-Cris
EURUSD: Bullish Signals but Facing Major ResistanceEURUSD is currently trading around 1.05692, showing a slight recovery from recent lows, with the EMA 34 providing dynamic support and the EMA 89 acting as a key resistance level. Price action indicates short-term bullish signals, but the strong resistance at 1.06500 could pose a significant challenge. If this level is breached, EURUSD may extend its upward momentum towards higher targets around 1.07000. Conversely, failure to hold above the EMA 34 could see selling pressure push the price back to test support at 1.05200 or lower. News of the ceasefire in the Middle East is reducing safe-haven demand, supporting a stronger USD, which in turn is pressuring EURUSD.
by Vanna-Cris
Selling Pressure at Resistance, Downtrend Forecasting AheadThe 4-hour chart of USD/JPY shows a clear bearish pattern after the price failed to break above a key resistance level around 152.000. The slight bounce we saw recently may have been a weak attempt to retest this level, but with the lack of strong buying momentum, the price seems to be preparing for a deeper decline. The rebound and reaction at this resistance area is typical of a distribution market, where previous buyers may be looking to cut their losses, and new sellers are entering the market. The 34 EMA has crossed below the 89 EMA, a sign that the downtrend may continue. I appreciate the retest of the resistance level and see this as an opportunity to consider short positions. If the price breaks below the current support around 150,280, this could initiate a new bearish phase, towards the next support level around 149,000.
by Maria_aaa
Gold: Turning Point at $2,650, Recovery or Bearish?On the 1-hour chart of gold, we are witnessing a crucial point as the price is trading close to the 34 EMA and 89 EMA, both of which are forming an area of ​​technical support around $2,650/ounce. The convergence of these two EMAs, combined with the current price, provides an indication that the market may be in a decisive phase. Technically, if the gold price holds and starts to recover above this support level, it will confirm stability and the potential for a short-term rally, towards the next resistance level. Conversely, a clear and sustained break below $2,650 could open a new bearish trend, sending the price further down, testing lower support levels. Based on the current moves and market structure, my personal view is that gold prices are likely to see short-term stability above the EMAs, setting the stage for a mild recovery.
OANDA:XAUUSD
by Maria_aaa
EUR/USD: Breakout from Triangle AccumulationThe EUR/USD 1-hour chart shows a triangle pattern forming, which is a sign of accumulation before a breakout. A breakout of this pattern to the upside, as it has recently done, could signal that the next bullish trend is likely to continue. The price has broken above the EMA 34 and is approaching the EMA 89, which suggests that the bullish trend may be increasing. If the price sustains above the EMA 89 and continues to break above the previously drawn horizontal resistance around 1.0577, we can expect a significant upside move. Personally, I would advise traders to closely monitor the price interaction with the EMA 89 and the resistance at 1.0577 in the coming hours to determine a suitable trading strategy. At the same time, it is indispensable to follow economic news that may affect EUR/USD to get a comprehensive view of the current market trend.
by Maria_aaa
EUR/USD: Hot Spot at 1.0594, Opportunity or Challenge?Looking at the 4-hour chart of the EUR/USD pair, I see a few key points that indicate the potential for the trend to develop in the near future. The pair has recently shown a fairly clear recovery from the lows, with the price currently trading near the important resistance level of 1.0594. This level has acted as resistance in the past and could now test the ability of traders again. From a technical perspective, the price approaching this level could lead to two main scenarios: If EUR/USD can break above 1.0594, we could see the rally continue to higher levels, possibly reaching 1.0650 or higher.
by Maria_aaa
Gold Stabilizes Amid Policy and Inflation WaitLooking at the 4-hour chart of gold, we can see a sideways trend in recent trading sessions, especially during the Thanksgiving holiday when the market lacked strong transactions. The stability of gold prices at $2,636/ounce reflects investors' waiting for new signals from the market and policymakers. The highlight of the chart is the current support and resistance levels. Gold is trading below both the 34 and 89 EMAs, indicating downward pressure, although not too strong. The recent crossover of these two EMAs suggests some price instability, but not enough to determine a clear trend. In the current context, there are a number of macro factors affecting gold prices that investors should pay attention to. First, expectations of a Fed rate cut in 2025 based on PCE data showing slowing inflation could weaken the USD and support gold as a safe-haven asset. Second, concerns about new tax policies from the Trump administration could create uncertainty in financial markets, making gold more attractive as a safe-haven option. Personally, I think gold is likely to remain stable or slightly increase in price in the short term, reflecting its role as a hedge against risk in the current environment.
OANDA:XAUUSD
by Maria_aaa
KOTHARI PETRO By KRS Charts31st Oct 2024 / 10:13 AM Why KOTHARIPETRO❓ 1. Fundamentally Good Company with Good Durability and at Good Valuations. ✅ 2. Technically, All Time Bullish Stock. 📈 3. In August, Broke Resistance and Now again giving opportunity to Buy at same Price while Retesting same Resistance Zone. 4. Though Better Entry would be around 206 to 209 Rs range. 5. Further Bullish sign, Bullish Continues Divergence is visible with MACD, means Sellers are Exhaust and Failed to Make New High. 💪 Target is Marked in Chart SL will be Flexible Either staying above 100 EMA or Staying above Resistance Zone any.
NSE:KOTHARIPETLong
by KRSCharts
Gold DowntrendBased on the 1-hour chart of gold trading against the USD, I see a few key points for investors to pay attention to. After a strong rally, gold has seen a significant drop, with the price breaking below both the 34 EMA and 89 EMA, suggesting that a short-term downtrend may be forming. From a technical perspective, the crossover between the two EMAs has previously been a sign of a trend change, and the current price holding below these lines suggests that selling pressure may continue. This rapid decline could be the result of investors taking profits after the price reached new highs.
OANDA:XAUUSD
by Maria_aaa
Gold Prices Rise Steadily, Testing the 2,658 USD/oz LevelGold prices increased for the third consecutive session, reaching a one-week high of 2,647.43 USD/oz on November 20, supported by its role as a safe-haven asset amid escalating tensions between Russia and Ukraine. However, the rally was capped by a recovering USD, making gold more expensive for international buyers. The 2,551 level has been confirmed as strong support after two successful tests, prompting a sharp rebound. The 2,658 level is the next immediate target for prices to break, while the 2,789 zone is the next potential peak if the bullish trend persists. Following a significant correction from the previous high, gold may form a double-bottom pattern around 2,551, signaling strong buying pressure. Currently, prices are testing the 2,658 resistance level and show signs of continuing the upward trend if this level is breached. If a pullback occurs, the 2,652 zone (EMA 34) will serve as an essential support level to watch.
OANDA:XAUUSDLong
by Vanna-Cris
GBP/USD Strong Bearish TrendWith the price moving below both the Bollinger Bands and the SMA. The expansion of the Bollinger Bands indicates that volatility is increasing, a typical sign in a deep downtrend. The pair has been in a downtrend since October, with new lows being set continuously. The closest support level we can observe is around 1.25730, which the price has recently touched. A break of this level could lead to a further decline, while a positive reaction here could provide an opportunity for a short-term technical recovery. In the current market environment, based on what I see from the charts and my understanding of the economic factors affecting GBP/USD, my personal view is that the downtrend of the pair is likely to continue. The increased volatility and the price continuously setting new lows are clear signs that selling pressure is taking over. I expect that any price recovery will likely be quickly sold off in the current downtrend. Upcoming economic events and policy statements from Central Banks may provide additional data to assess the pair's outlook in more detail, and I will continue to monitor closely and adjust my trading strategy accordingly.
by Maria_aaa
Sideways Trading Amid Lack of TrendOn the 1-hour chart of EUR/USD, the price is trading between the 34 and 89 EMAs, indicating a sideways market in the short term. The lack of a strong uptrend or downtrend suggests that investors may be waiting for more data or news that could impact the euro or dollar. From my technical analysis perspective, the market looks like it will continue to trade in the current range until there is more economic data or important political events to establish a clearer trend.
by Maria_aaa