Gold in buying zone.With better US news results even , Gold prices sustained over previous days low, which clearly shows buyers being accumulated on short term . Seems selling term is over for now and accumulation is ignited.
FX_IDC:XAUUSD
Gold is on rally again as its been 2 weeks now XAUUSD has faced good selling pressure, and profit booking.
We could assume that gold may be rising now and the near term selling pressure is over.
Contains image
NIFTY INTRADAY ANALYSIS FOR 14/11/2024BUY ABOVE - 23670
SL - 23610
TARGETS - 23730,23820,23920
SELL BELOW - 23510
SL - 23610
TARGETS - 23430,23370,23300
NO TRADE ZONE - 23510 to 23610
Previous Day High - 23820
Previous Day Low - 23510
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nifty Intraday Analysis for 14th November 2024NSE:NIFTY
Index closed near 23560 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 106.68 Lakh
23800 Strike – 79.12 Lakh
24100 Strike – 74.90 Lakh
Put Writing
23000 Strike – 89.40 Lakh
23300 Strike – 60.65 Lakh
23500 Strike – 48.49 Lakh
Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range.
Index has resistance near 23750 – 23800 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
What's in fate of Gold for todays US events. Here’s a simpler way to understand how high-impact news events might affect gold prices in the short term, especially with events coming up in the next three hours:
There are three possible scenarios:
All Positive for the U.S. Dollar:
If all four key news events release numbers that favor the U.S. dollar, gold is likely to move downward. Since gold has already been under pressure since Trump’s election, more positive U.S. news could push prices down further. In this case, short-selling gold could be a popular choice.
All Negative for the U.S. Dollar:
If all four news releases are unfavorable for the U.S., gold could make a strong upward move, potentially reaching the 2600 level. Here, the 200 EMA (Exponential Moving Average) might act as a resistance point, causing some buyers to start taking profits. This scenario suggests short-term buying opportunities in gold.
Mixed Results:
If the news events have a mix of positive and negative outcomes, we might see a more volatile movement. Gold could initially jump up, then drop down in a sharp reversal, forming an "anti-V" shape before stabilizing with little overall movement. This can leave traders in a difficult position, as gold consolidates with no clear direction.
Recommendation:
It’s best to avoid trading just before or during the news events, as price swings can be unpredictable. Waiting until after the news can help you avoid getting stuck in volatile moves.
NIFTY TrendSPOT CMP 23550
Expecting reversal ANYTIME
Max downside
23200 & 22900
Below this means something really serious
Upside 24500
if & when it sustains above 24750 means again bullish
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Nifty Intraday Analysis for 13th November 2024NSE:NIFTY
Index closed near 23885 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24600 Strike – 100.51 Lakh
24200 Strike – 80.60 Lakh
24300 Strike – 71.39 Lakh
Put Writing
23500 Strike – 46.09 Lakh
24000 Strike – 32.54 Lakh
23800 Strike – 29.42 Lakh
Index has resistance near 24050 – 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23600 – 23550 range.
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Patience Pays
Sometimes the best trade is no trade. Observing, waiting, and holding back is harder than hitting ‘Buy.’ But it’s what separates the cool-headed from the compulsive.
Respect the Trends
They say, “the trend is your friend,” and it’s true. But only if you know when to step back. Real traders respect the power of trends and don’t challenge them without good reason.
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BANK NIFTY INTRADAY LEVELS FOR 13/11/2024BUY ABOVE - 51300
SL - 51060
TARGETS - 51500,51800,52060
SELL BELOW - 51060
SL - 51300
TARGETS - 50900,50670,50380
NO TRADE ZONE - 51060 to 51300
Previous Day High - 52230
Previous Day Low - 51060
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 13/11/2024BUY ABOVE - 23920
SL - 23820
TARGETS - 24000,24100,24180
SELL BELOW - 23820
SL - 23920
TARGETS - 23730,23670,23610
NO TRADE ZONE - 23820 to 23920
Previous Day High - 24250
Previous Day Low - 23820
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Bitcoin need Short term Retracement 🔹 #Bitcoin LTF Update 🔹
CRYPTOCAP:BTC has formed a double top on the LTF, signaling bearish potential below $90,000. This could mean a short-term retracement.
If #BTC fails to break the $90,000 resistance, we may see it drop to the $81,000 level soon, with LTF OB around $81,000.
However, if BTC breaks above $90,000, next stop could be over $100k 🚀
NIFTY Bearish Trend EMA50 Testing Weekly corrected 2400 points Posted Chart on 29th september that Nifty Near to Channel Resistance with RSI overbought and small negative Divergence, Price is 2000/4000 point away from EMA 20/50__after every trending move price is reverse to its ema line(MEAN reversion)+ also if making of flag then sideways to small correction can expect_____
Now after Retest Of EMA20 on weekly Nifty Still facing selling Pressure from higher levels now previous swing low is broken EMA50 is nearby 23300 and channel support at nearby 22700.
'
USDINR at lifetime high @84.40 overall negative momentum.
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Bitcoin Breakout the Channel Pattern. All-Time High ???A Channel Pattern has formed, and a Breakout occurred above the Pattern. Next, the market is expected to reach the Resistance zone. If the market Breakout above the resistance zone, Bitcoin is expected to enter a very Bullish Uptrend and Possibly reach an All-Time High.
Nifty Intraday Analysis for 12th November 2024NSE:NIFTY
Index closed near 24140 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 72.55 Lakh
24300 Strike – 47.91 Lakh
24200 Strike – 45.80 Lakh
Put Writing
24000 Strike – 39.91 Lakh
24200 Strike – 34.10 Lakh
24100 Strike – 27.49 Lakh
Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.
Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
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NIFTY INTRADAY LEVELS FOR 12/11/2024BUY ABOVE - 24250
SL - 24100
TARGETS - 24340,24420,24500
SELL BELOW - 24100
SL - 24180
TARGETS - 24030,23930,23800
NO TRADE ZONE - 24100 to 24250
Previous Day High - 24340
Previous Day Low - 24030
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍