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Consolidation

Gold-> Buyer Back Yet?After suffering significant losses last week, gold has regained its recovery momentum and is trading positively above $2,600 on Monday. The fundamental backdrop supports this recovery. Key resistance levels at $2,518 and $2,628 now divide the market into two distinct zones. Meanwhile, market participants are awaiting moves from several Fed officials this week to gain further insights into the U.S. interest rate trajectory. The most likely scenario at the moment is a slight recovery in gold prices following the recent steep sell-off, with expectations for gold to climb higher after several reversals in the USD. In the medium term, bulls need to reassess U.S. policy planning in December, as the Fed is expected to hold rates steady in January. This has not been fully priced into the market, so any adjustments could pose challenges for gold. Technically, since the market opened, prices have climbed considerably, increasing the likelihood of resistance capping further upward movement. A false breakout at $2,589 and subsequent consolidation below this zone would strengthen selling pressure. However, there is potential for a retest of $2,618 (Order Block). Similarly, a failed breakout could trigger selling momentum. But if the fundamentals align strongly in favor of gold, the market may have a chance to shift the local trend from the $2,618 zone.
OANDA:XAUUSDShort
by Bo-Samson
Gold -> How Long Will the Adjustment Last? Emphasis on $2,600Hello, dear friends! Gold (XAU/USD) extended its recovery early this week, reaching the critical $2,600 mark and ending a six-day losing streak after a false breakout and a retest of $2,546. This rally has been fueled by escalating geopolitical tensions as the U.S. authorized Ukraine to use long-range weapons to strike Russia. However, the market remains under significant pressure. The USD and bond yields continue to rise, while the Federal Reserve maintains a hawkish stance. Economic struggles in Europe are weakening the euro, driving demand for the USD and further weighing on gold. This week, the gold market is expected to remain subdued with limited major economic data releases. Key areas to watch include U.S. housing data, the University of Michigan Consumer Sentiment Index, and comments from Federal Reserve officials. Gold is currently testing the critical resistance zone at $2,600–$2,589. A false breakout here could trigger strong selling, reinforcing bearish momentum. Conversely, a modest pullback followed by a decline to $2,546 would solidify a clearer downtrend. Keep a close watch!
OANDA:XAUUSDShort
by Bo-Samson
Atul Consolidation after Breakout Now Ready to BreakoutNSE:ATUL Consolidating after Previous Breakout Now Ready to Breakout again if closed above 8136. Consistently Rising Volumes in the Past Few Days. Keep in Radar. Check out my other stock ideas below until this trade gets activated, I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:ATULLong
by Karanshah137
POLYCAB LTD -- CONSOLIDATING WILL IT BREAKOUT ?Polycab India Ltd. is an interesting chart with following 1. RSI on all time frames (DWM) above 60 2. Narrowing Bollinger Bands on Weekly chart 3. Price breakout from 4 month long price consolidation in a range on daily chart.. Breakout with volume 4. ABCD pattern under formation on weekly chart 5. Major Price support 20 day SMA/ 20 Week SMA at 6705 to 6710 levels and 50 DMA at 6666 levels. FUNDAMENTALS Company is almost debt free. Company has delivered good profit growth of 28.1% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 24.0% lets see How it evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:POLYCABLong
by purisonshuf
Continuous Accumulation With Consistent VolumesNSE:RENUKA has been Continuously Accumulated with Consistent Volumes in the past 4 Months with Positive Cues on Ethanol on the Domestic Front adding to Brazil's Wildfires on the Global Front. Today it Broke the Consolidation Range with Heavy Volumes. A Close above 54 Levels will have more Upside, and 47 Will be a Crucial Level to Defend the Accumulation Zone is Crucial. Keep a Watch. Check out my other stock ideas below until this trade gets activated, I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:RENUKALong
by Karanshah137
Breaking Consolidation With Increasing Relative StrengthNSE:ULTRACEMCO is Breaking the Consolidation range, crossing key levels after getting consolidated at Accumulation Zones, in Reverse Cup and Handle Pattern. Check out my other stock ideas below until this trade gets activated, would love to have your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:ULTRACEMCOLong
by Karanshah137
monthly breakout!Above chart is of timken india which is involved in business of manufacturing ball bearings,incorporated as tata timken. technical point of view 1.on a weekly tf we can see the stock consolidating around 21 ema an good break above it can result in quick upside momentum. 2.if you look closely on the monthly tf the stock beautifully consolidated in a channel for 570-580 days and broke the resistance. 3.according to charts a long term trade or an mid term trade can be executed smoothly on cuuret levelskeeping sl below the 21 eme on monthly tf (closing basis) 4.targets can be kept firstly on the all time high which is around 28-29% and secondly around 60% for long term 5.simple rr of 1:4 can be achieved if market continues the upside momentum if not one can close trade according to his/her appetite ALWAYS REMEMBER NO ANALYSIS IS PERFECT AND IAM NOT YOUR FINANCIAL ADVISOR,DO YOUR OWN RESEARCH ABOVE POST IS ONLY FOR EDUCATIONAL PURPOSE,NO BUYING RECOMMENDATION do follow me for such content i will try to give my best
NSE:TIMKENLong
by rohitrc250
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