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Commodities

Lloyds metals & energy getting ready - Commodity energy themeLloyds metals & energy has stellar fundamentals of more than 50% ROE over last 1,3,5,10Y and excellent double digits sales & profit growth as well. Double digit ROCE, high operating cash flow with improved and sustained profit margins since 2022. Power generation is a theme that's in progress and lloyds is part of this energy theme. Volume isn't shown. Price breakout not happened yet but RSI broke out. Price would follow. Today gapup opening of 20 rupees visible in 15 min chart has also been filled.
NSE:LLOYDSMELong
by naraykln
XAUUSD 26/8/2024 Will the uptrend continue? Last week we saw a special increase on Friday. - This increase confirmed the completion of the ABC correction wave and the price continued to increase. - Looking at the current uptrend, we see a structure of short candles with weak momentum. So this could be a big wave 1 in the uptrend structure. Looking at the bullish wave structure, we see that there are 5 black waves - Currently, I am leaning towards the black ABC correction structure - Looking at the chart, we see that the black wave A has been completed and the price is currently completing the black wave B - The target for completing the black wave C is I predict at the price range of 2500 - 2497 or the price range of 2489 - 2486, this will be my BUY target - Above, we see that there is still a very strong supply zone at the price range of 2531 - 2534, this is the old peak, so if the price wants to surpass the old peak, it needs to absorb all of this supply. So I will set the SELL target down here Trading plan: SELL ZONE: 2531 - 2534 SL: 2541 TP1: 2519 TP2: 2509 TP3: 2500 BUY ZONE: 2500 - 2407 SL: 2400 TP1: 2509 TP2: 2519 TP3: 2530 BUY ZONE: 2489 - 2486 SL: 2479 TP1: 2499 TP2: 2509 Tp3: 2530
OANDA:XAUUSDLong
by DEEKOP
GOLD UPDATE INTRADAY TODAY #Gold Range Prediction from Today 23/08/2024 is as under. Gold Spot : 2480$-2530$ Gold INR : 71200-72250 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:GOLDV2024
by santoshshukla1996
Gold bounces off resistance-turned-support, Jackson Hole eyedGold prices have ended a two-day drop as traders look ahead to the key Jackson Hole Symposium in Wyoming, where a speech by Federal Reserve Chairman Jerome Powell is highly anticipated. Gold has bounced back from its recent low, rebounding off the 10-day Exponential Moving Average (EMA) and a key previous resistance line. Positive signals from the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) suggest that gold could push past the $2,520 mark comprising the 50% Fibonacci Extension (FE) of its February-June move. Following that, the buyers can aim for $2,575 and potentially $2,600. On the downside, gold is supported by the 10-day EMA around $2,482 and a former resistance level now acting as support near $2,474. If gold drops below these levels, it could test the $2,465 mark and the 50-day EMA at $2,415. A further decline past $2,415 would need to break through a support line of around $2,410 and the $2,400 level to shift control to sellers. In summary, gold is on a positive path, but there are hurdles ahead before it can make significant gains.
OANDA:XAUUSD
by MTradingGlobal
XAUUSD 23/8 has the uptrend started? Looking at H1 we see - Yesterday we saw a sharp decline after the PMI news, the price reached our BUY Entry, up to now we have a 190 pips victory, congratulations to all of us. - Now looking at the uptrend we see a 3-wave structure, on the other hand we see that yesterday's downtrend has the characteristic of sharp and fast movement, so we expect wave 3 to have formed and currently the price is correcting wave 4. - With the target of wave 4 I measured, wave 4 has reached the price target and now we are waiting for wave 5 to complete. - Wave 5 is confirmed when the price breaks through 2470.7 and the target is measured at the price zone of 2460 - 2457 - Because the price zone of 2470 is also the target price zone of wave 5 that we measured from the previous day's plan, we cannot rule out the possibility that the downtrend structure has been completed and it is confirmed if the price does not break through the 2470 zone. Then the price will continue the uptrend. Our trading plan will aim to BUY when the price breaks through 2470 BUY ZONE: 24600 - 2457 SL: 2450 TP1: 2470 TP2: 2486 TP3: 2498 SELL ZONE: 2499 - 2502 SL: 2509 TP1: 2486 TP2: 2479 TP3: 2470 SELL ZONE: 2531 - 2534 SL: 2541 TP1: 2519 TP2: 2501 TP3: 2486
OANDA:XAUUSDShort
by DEEKOP
XAUUSD Analysis Today (August 20, 2024)Hello everyone, After a period of consolidation within an ascending triangle, gold has broken out and is now approaching the psychological level of $2,520. This is supported by the rising trend line and the bullish crossovers of EMA34 and EMA89, confirming the current bullish momentum. Based on the technical analysis, the uptrend of XAUUSD is likely to continue in the near term. The next target could be the strong resistance zone at $2,530. However, if there is a correction, the support zone at $2,505 will be the key price level to watch.
OANDA:XAUUSDLong
by Shivam_Signals
2
Trading Strategy (XAUUSD) European Session 08/20/2024Resistance Levels: 2509 - 2519 - 2533 Support Levels: 2495 - 2488 - 2475 - 2470 You Can Refer To My Trading Recommendation Below To Help You Make Profit In The Asian Session Recommended for daily trading around the price range: CANH SELL XAUUSD AROUND 2505-2507 Stoploss: 2512 Take Profit 1: 2503 Take Profit 2: 2500 Take Profit 3: 2497 CANH BUY XAUUSD AROUND 24987-2495 Stoploss: 2490 Take Profit 1: 2501 Take Profit 2: 2504 Take Profit 3: 2508 Note: Always set TP and SL during the transaction to achieve the highest performance
OANDA:XAUUSDLong
by DuyVinh_Trading
Asian Session Trading Strategy August 20, 2024Resistance Levels: 2509 - 2519 - 2533 Support Levels: 2495 - 2488 - 2475 - 2470 You Can Refer To My Trading Recommendation Below To Help You Make Profit In The Asian Session Recommended for daily trading around the price range: CANH SELL XAUUSD AROUND 2509-2511 Stoploss: 2514 Take Profit 1: 2505 Take Profit 2: 2502 Take Profit 3: 2497 CANH BUY XAUUSD AROUND 2493 -2495 Stoploss: 2489 Take Profit 1: 2499 Take Profit 2: 2503 Take Profit 3: 2507 Note: Always set TP and SL during the transaction to achieve the highest performance
OANDA:XAUUSDLong
by DuyVinh_Trading
EURJPY LONG - 15MFOREXCOM:EURJPY Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
XAUUSD 19/8/2024 price has created ATH? Last weekend we had a strong increase on Friday that broke the old peak to create a new ATH. This increase has caused the RSI indicator to enter the overbought zone. In my experience, when the price moves quickly and sharply while looking at the RSI entering the oversold zone, this is a sign of wave 3. - Currently we see the price falling to the 2500 zone, so we expect an ABC downtrend structure of wave 4. - I measured the wave 4 target at the 2485 - 2483 zone, after reaching the wave 4 target, we expect a wave 5 increase to complete the 5-wave uptrend structure. - I measured the wave 5 target at 2517 - 2520 and 2531- 2534 zones, these are the 2 target zones I expect to SELL down. Trading Plan BUY ZONE: 2467 - 2463 SL: 2457 TP1: 2493 TP2: 2500 TP3: 2517 BUY ZONE: 2485 - 2482 SL: 2475 TP1: 2500 TP2: 2509 TP3: 2517 SELL ZONE: 2517 2520 SL: 2527 TP1: 2506 TP2: 2500 TP3: 2484 SELL ZONE: 2531 - 2534 SL: 2541 TP1: 2519 TP2: 2500 TP3: 2484
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 16/8/2024 Has the Uptrend Started?XAUUSD 16/8/2024 Has the Uptrend Started? Yesterday after the PPI news, we saw a strong shakeout and the price came close to the 2nd BUY target zone that I had given and then bounced strongly. But I did not expect such a strong downtrend, so the price zone of 2445 - 2442 did not set a BUY order. Today I expect a correction wave to the 2447 - 2444 zone to complete wave 2 in red and then continue the uptrend according to wave 3. During the price increase according to wave 3, we pay attention to large supply zones such as the 2476 zone, the 2484 zone and the 2500 zone, these are the zones I choose as targets to SELL down Trading plan BUY ZONE: 2447 - 2444 SL: 2437 TP1: 2458 TP2: 2468 TP3: 2476 SELL ZONE: 2484 - 2487 SL: 2494 TP1: 2476 TP2: 2468 TP3: 2458 SELL ZONE: 2497 - 2500 SL: 2507 TP1: 2484 TP2: 2476 TP3: 2468
OANDA:XAUUSDLong
by DEEKOP