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Commoditytrading

Looking for trade setup on Gold. Have a look at this. XAU/USD.XAU/USD on daily timeframe has switched from bullish to bearish but it’s still Bullish on weekly. We will take about weekly later but daily chart itself is speaking a lot of things. We marked the market structure and it can be seen that there are multiple Orderblocks and Fvg that are pending and has to be mitigated before getting into Bullish bias. For buy our plan would be to wait for any continuation trend on smaller time frame usually in 1Hr or 15min. For sell setup we would wait for a market structure shift on 1HR or 15min time frame. We are neutral for now & we need more validations. We have weekend coming. Forex & Commodity market doesn’t really have the volatile Mondays. For a really nice setup we would have to be patience and need to follow our plan of action. Follow us any stay updated with more setups tuning in. Appreciate you’ll time. Note this is for educational purposes only.
OANDA:XAUUSD
by Trade_lyst
Gold Trading Levels for 19th November 2024Gold Trading Levels (Based on 1-Hour Candle Chart): Buy Above: 2616 (Enter a buy position if the price breaks and sustains above this level on the 1-hour candle, signaling potential bullish momentum.) Sell Below: 2600 (Enter a sell position if the price drops and sustains below this level on the 1-hour candle, signaling potential bearish momentum.) Current Price: 2612.040 Key Levels to Watch: Resistance Zones: 2640 – 2644 2660 – 2667 Watch for potential price rejection or breakout at these levels. Support Levels: 2575 2550 2530 These levels may act as strong buying zones if the price drops significantly. Trading Tips: Book Profits Regularly: Lock in gains near resistance levels or key pivot zones to secure profits. Use Trailing Stop-Loss: Adjust your stop-loss as the price moves in your favor to protect profits while allowing the trend to continue. Disclaimer: The levels and analysis provided are based on technical indicators and the 1-hour candle chart. This is for educational and informational purposes only and should not be taken as financial or trading advice. Risk Management Guidelines: Always confirm price action (e.g., a breakout, breakdown, or reversal) at the listed resistance and support levels before making decisions. Use stop-loss orders and appropriate position sizing to manage risk. Monitor economic events or news that may impact gold prices. Risk Disclosure: Trading in commodities, including gold, involves significant financial risk and may not be suitable for all investors. Past performance is not indicative of future results. Consult a qualified financial advisor before making trading decisions.
OANDA:XAUUSD
by ramkkyy
MCX ALUMINIUM - LOOKING GOOD FOR A SHORT TRADE ?MCX ALUMINIUM is currently trading at 212. 210-215 is a good resistance zone for Aluminium as per price action and longterm charts. Hence I'm opening short positions in MCX Aluminium Futures at CMP 212. I will be adding more position if 215 comes & will hold with SL 218. Targets I'm expecting are 205-202 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:ALUMINIUM1!Short
by akshit_official
Cup & Handle Pattern Breakout Seen in Guar GumHello Guy's, i have brought analysis for Commodity lovers on Guar Gum. Chart is clearly showing a Cup and Handle breakout on daily timeframe and it is supported by rising volume. MACD is sustaining above zero line and has formed a bullish crossover. All these observations are seen in the daily timeframe chart. A long trade can be taken in this Guar Gum for healthy upside. Well i have written everything on chart, but still writing here. Important levels in Guar Gum:- Buy between in the range of 13300-13000 levels. Targets we can see in upside 14078/15166/15836. Keep stop loss at 12538. Bullish Crossover in MACD supports the bullish view. So, Guy's according to Price action and MACD bullish crossover, a rally is expected towards 15000+ levels. So trade accordingly. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NCDEX:GUARGUM5Long
by TraderRahulPal
2
MCX Natural Gas – Impulsive Wave SetupA new impulsive structure has emerged from the low of 265.5 in natural gas. Price has accomplished wave (5) and started the zigzag correction at 801. Currently, Natural gas is forming sub-wave 5 of impulsive wave C. Natural gas has also broken down 200 EMA and the base channel of 2 – 4 wave, which signals bearish momentum. It has faced strong support of 515 , but the price didn’t respect the level and ended up losing bullish momentum. Wave C has traveled the same distance as wave A. Hence, Wave A = Wave C. If the price sustains below 516, traders can trade for the following targets: 486 – 462 – 440 . I will update further information soon.
MCX:NATURALGAS1!Short
by forextidings
8
Natural Gas Trade Setup NATURAL GAS is now trading near 6.3 level which has acted as a strong support multiple times. The support has been highlighted in the Image in red circles. If NG makes a rejection from 6.370 level and then gives a close above 6.840 we can initiate a BUY/LONG position with FIRST TARGET as 7.190, SECOND TARGET as 8.090 and THIRD TARGET as 9.630. STOPLOSS can be kept at 6.290. The Long position if initiated can give good R:R Ratio. In other case if NG breaks the Key SUPPORT LEVEL OF 6.380 and manages to give a close below 6.210 we can look forward for SHORT side entry with a TARGET at 5.750. STOPLOSS can be kept at 6.600 . ( For the short side entry it is better to wait for a pullback or retracement). Remaining Technical Analysis can be seen in the IMAGE
CITYINDEX:NATURALGASCFD
by ritwikr99
2