Technofunda Analysis – #CityUnionBank Technofunda Analysis – #CityUnionBank
1️⃣ Technicals
#CUB chart's give trendline breakout today after 4 rejections its strong signal of reversal.
Stock consolidating above 20/50 EMA after recent 20/50 EMA retesting successful
Chrt is outperforming NIFTY500 index, stronger than market.
Trendline breakout supported with healthy volume which confirms institutional interest.
Approx 1:2 Risk Reward
Entry ~215, SL ~203,
Target ~233 → 1:2
2️⃣ Fundamentals
Market Cap 15779 Cr | P/E: 13.5
Growth
Sales YoY ↑ 16% (1605 Cr v/s 1389 Cr)
EBIDT YoY ↑ 13%
Net Profit YoY ↑ 16% (306 Cr v/s 264 Cr)
EPS YoY ↑ 16% (4.13 v/s 3.57)
PEG Ratio ~0.84 (P/E 13.5 ÷ Growth 16%)
undervalued relative to growth.
Good double digit growth undervalued PEG, improving profitability looks attractive.
Disclaimer: This #technofunda analysis is only for educational purpose only. Not a buy/sell/hold recommendation. Do Your Own Research (#DYOR).
Fundamental Analysis
GBPUSD – Medium-Term H1/H4 Technical Outlook
Overview: GBPUSD has recently broken below its ascending trendline/channel after failing to sustain momentum near the 1.3530–1.3575 supply zone. At present, price is testing the 0.618 retracement (~1.3366), while the RSI (5) is heavily oversold (~13–14). This signals the possibility of a short-term bounce before the broader bearish bias resumes.
For Indian traders who follow GBPUSD closely, the focus should remain on selling rallies into resistance while being open to buying intraday dips at clearly defined liquidity levels.
Market Structure & Key Observations
Trendline Break: The bullish channel has been violated, shifting momentum to a “sell-the-rally” strategy.
Resistance Zones: 1.3537 and 1.3453–1.3428 (strong supply levels).
Support Zones: Initial support at 1.3366 (Fib 0.618) and 1.3319; major demand lies at 1.3143–1.3093.
Momentum Check: Deep oversold RSI could trigger corrective recoveries, making intraday scalps attractive.
Trading Plan
Sell the Rally – Primary Bias
Entry: 1.3500 – 1.3510
Stop Loss: 1.3550
Take Profit: 1.3480 – 1.3466 – 1.3445 – 1.3430
📌 Idea: Short entries on retest of broken structure. Only invalid if we see a 4H close above 1.3550.
Buy the Dip – Intraday Scalping
Entry: 1.3310 – 1.3330
Stop Loss: 1.3290
Take Profit: 1.3355 – 1.3368 – 1.3390 – 1.3410
📌 Idea: Quick long trades from liquidity near 1.3319, targeting minor resistance.
Buy Deeper Liquidity Sweep – Swing Setup
Entry: 1.3090 – 1.3110
Stop Loss: 1.3050
Take Profit: 1.3135 – 1.3160 – 1.3200 – 1.3240
📌 Idea: If the market flushes into the 1.3143–1.3093 demand zone, expect stronger bounce potential.
Risk Management & Invalidation
Above 1.3550 (4H close) → Bearish bias invalidated.
Strong breakdown below 1.3310 → Skip scalps, focus on deeper buy zones.
Partial profit booking at each target is recommended to protect capital.
Hi Traders, Anfibo here!Hi Traders, Anfibo here!
Market Overview – XAUUSD
Gold (XAUUSD) is currently holding steady within the H4 bullish channel, showing that the overall uptrend remains intact. While there has not been a major breakout in recent sessions, the technical structure still suggests buyers have the upper hand.
That said, the market is slowing down around a key resistance zone. For short-term opportunities, it’s important to focus on reactions at support and resistance levels to capture profits effectively.
Key Levels
Support: 3748 – 3733 – 3703
Resistance: 3768 – 3777 – 3788 – 3799
Trading Plan for Today
Sell Scalp Setup
Entry: 3770 – 3765
Stop Loss: 3780
Take Profit: 3720 – 3705
Buy Zone Setup
Entry: 3700 – 3705
Stop Loss: 3695
Take Profit: 3760 – 3800
⚠️ Always use stop-loss and follow strict money management rules to protect your capital.
Wishing you all successful trades!
INFY 1D Time frame📊 Daily Snapshot
Closing Price: ₹1,484.65
Day’s Range: ₹1,476.50 – ₹1,502.70
Previous Close: ₹1,494.60
Change: Down –0.64%
52-Week Range: ₹1,307.00 – ₹2,006.45
Market Cap: ₹6.17 lakh crore
P/E Ratio (TTM): 22.62
Dividend Yield: 2.90%
EPS (TTM): ₹65.63
Beta: 1.09 (indicating moderate volatility)
🔑 Key Technical Levels
Support Zone: ₹1,469 – ₹1,473
Resistance Zone: ₹1,485 – ₹1,490
Pivot Point: ₹1,480.97 (Fibonacci)
All-Time High: ₹2,006.45
📈 Technical Indicators
RSI (14-day): 44.45 – approaching oversold territory, suggesting potential for a rebound.
MACD: Negative at –6.34, indicating bearish momentum.
Moving Averages: Trading below the 50-day (₹1,511.06) and 200-day (₹1,495.15) moving averages, indicating a bearish trend.
Stochastic RSI: Between 45 and 55, indicating a neutral condition.
CCI (20): Between –50 and 50, implying a neutral condition.
📉 Market Sentiment
Recent Performance: Infosys experienced a decline of 0.64% on September 25, 2025, underperforming the broader market.
Volume: Trading volume was significantly higher than its 20-day average, indicating increased investor activity.
📈 Strategy (1D Timeframe)
1. Bullish Scenario
Entry: Above ₹1,485
Stop-Loss: ₹1,469
Target: ₹1,490 → ₹1,500
2. Bearish Scenario
Entry: Below ₹1,469
Stop-Loss: ₹1,485
Target: ₹1,460 → ₹1,450
BAJFINANCE 1D time frame📊 Daily Snapshot
Closing Price: ₹1,012.75
Day’s Range: ₹1,008.00 – ₹1,031.10
Previous Close: ₹1,029.75
Change: Down –1.66%
52‑Week Range: ₹645.10 – ₹1,036.00
Market Cap: ₹6.31 lakh crore
P/E Ratio: 36.2
Dividend Yield: 2.76%
EPS (TTM): ₹28.04
Beta: 1.14 (indicating moderate volatility)
🔑 Key Technical Levels
Support Zone: ₹1,008.00 – ₹1,015.00
Resistance Zone: ₹1,031.00 – ₹1,036.00
All-Time High: ₹1,036.00
📈 Technical Indicators
RSI (14-day): 42.88 – approaching oversold territory, suggesting potential for a rebound.
MACD: Positive at 2.46, indicating bullish momentum.
Moving Averages: Trading above the 50-day and 200-day moving averages, indicating an overall uptrend.
📉 Market Sentiment
Recent Performance: Bajaj Finance experienced a decline of 1.66% on September 25, 2025, underperforming the broader market.
Volume: Trading volume was significantly higher than its 50-day average, indicating increased investor activity.
📈 Strategy (1D Timeframe)
1. Bullish Scenario
Entry: Above ₹1,031.00
Stop-Loss: ₹1,008.00
Target: ₹1,045.00 → ₹1,050.00
2. Bearish Scenario
Entry: Below ₹1,008.00
Stop-Loss: ₹1,015.00
Target: ₹995.00 → ₹990.00
ICICIBANK 1D Time frame📊 Daily Snapshot
Closing Price: ₹1,375.50
Day’s Range: ₹1,371.80 – ₹1,391.50
Previous Close: ₹1,382.70
Change: Down –0.52%
52-Week Range: ₹1,018.85 – ₹1,494.10
Market Cap: ₹9.7 lakh crore
P/E Ratio: 20.5
Dividend Yield: 1.2%
EPS (TTM): ₹67.00
Beta: 1.05 (moderate volatility)
🔑 Key Technical Levels
Support Zone: ₹1,370 – ₹1,375
Resistance Zone: ₹1,390 – ₹1,400
All-Time High: ₹1,494.10
📈 Technical Indicators
RSI (14-day): 34.1 – approaching oversold territory, suggesting potential for a rebound.
MACD: Negative, indicating bearish momentum.
Moving Averages: Trading below the 150-day moving average, indicating a bearish trend.
Candlestick Patterns: Recent formation of a Bearish Engulfing pattern, suggesting potential for further downside.
📉 Market Sentiment
Recent Performance: ICICI Bank has experienced a decline for the fifth consecutive session, underperforming the broader market.
Sector Performance: The NIFTY BANK index also closed lower, reflecting sector-wide weakness.
📈 Strategy (1D Timeframe)
1. Bullish Scenario
Entry: Above ₹1,390
Stop-Loss: ₹1,370
Target: ₹1,405 → ₹1,420
2. Bearish Scenario
Entry: Below ₹1,370
Stop-Loss: ₹1,390
Target: ₹1,355 → ₹1,340
SBIN 1D Time frame📊 Daily Snapshot
Closing Price: ₹861.15
Day’s Range: ₹859.95 – ₹870.15
Previous Close: ₹866.20
Change: Down –0.59%
52-Week Range: ₹680.00 – ₹880.50
Market Cap: ₹794,895 crore
P/E Ratio: 10.01
Dividend Yield: 1.85%
EPS (TTM): ₹86.06
Beta: 1.00 (indicating average market volatility)
🔑 Key Technical Levels
Support Zones: ₹860.00 – ₹854.00 – ₹844.00
Resistance Zones: ₹876.00 – ₹886.00 – ₹892.00
All-Time High: ₹912.00
Fibonacci Pivot Point: ₹865.68
📈 Strategy (1D Timeframe)
1. Bullish Scenario
Entry: Above ₹876.00
Stop-Loss: ₹859.00
Target: ₹886.00 → ₹892.00
2. Bearish Scenario
Entry: Below ₹859.00
Stop-Loss: ₹866.00
Target: ₹854.00 → ₹844.00
HDFCBANK 1D Time frame📊 Daily Snapshot
Closing Price: ₹949.20
Day’s Range: ₹947.40 – ₹958.00
Previous Close: ₹957.20
Change: Down –0.52%
52-Week Range: ₹806.50 – ₹1,018.85
Market Cap: ₹14.6 lakh crore
P/E Ratio: 20.66
Dividend Yield: 2.32%
EPS (TTM): ₹45.97
Beta: 0.92 (indicating lower volatility)
🔑 Key Technical Levels
Support Zone: ₹947.40 – ₹950.00
Resistance Zone: ₹957.20 – ₹960.00
All-Time High: ₹1,018.85
📈 Strategy (1D Timeframe)
1. Bullish Scenario
Entry: Above ₹957.20
Stop-Loss: ₹947.40
Target: ₹965.00 → ₹970.00
2. Bearish Scenario
Entry: Below ₹947.40
Stop-Loss: ₹957.20
Target: ₹940.00 → ₹935.00
Gold "Cools Down": A Sign of a Coming Downturn? Hello, investors!
Gold saw a notable correction on September 24, closing at $3,762.73/oz after reaching a historic high of $3,790.82/oz just one day earlier. Gold futures also dropped 0.5% to $3,795.80/oz. Is this a sign of a deeper correction or just a short-term profit-taking before key news?
Fundamental Analysis: Market "Holds Its Breath" Before the PCE Inflation Report
Yesterday's drop in gold seems to have little to do with the released U.S. economic data, as the USD index only had a slight rebound and housing data wasn't strong enough to cause such a major move. Instead, the most likely reasons are:
Cautious Profit-Taking: Investors are taking profits after a rapid run-up, aiming to mitigate risk before the upcoming PCE inflation report on September 26.
Fed Expectations: Despite short-term volatility, the market holds firm on its expectation that the Fed will cut rates in October and December with a high probability (94% and 77%). A low-rate environment and geopolitical concerns remain the core drivers supporting gold's price in the long term.
Technical Analysis: "Sell" or "Wait to Buy"?
Gold had a significant correction from the $3,770 area, indicating that a large number of profit-taking sell orders were triggered. However, the downtrend has paused and is now looking for a new balance point.
Outlook: With the current cautious sentiment, there's a chance gold may see further selling pressure in the short term. However, any deeper drop would be an excellent opportunity to buy back at a better price, as the long-term bullish momentum is still intact.
Suggested Trading Strategy (Strict Risk Management):
Sell Zone: Zone $3766 - $3768, SL $3776
Buy Zone: Zone $3702 - $3700, SL $3692
The market is highly sensitive. Do you think this correction is a buying opportunity or a time to step back? Share your thoughts! 👇
#Gold #XAUUSD #Fed #GoldAnalysis #TradingView #InterestRates #Inflation #PCE #USD
XAUUSD – The SELL trend has been confirmed
Technical Analysis
After a strong rally hitting the resistance zone of 3770–3780, gold (XAUUSD) failed to maintain momentum and began forming consecutive declines. This signals that selling pressure is dominant in the short term.
The 3767–3769 zone coincides with a local resistance, where the market has reacted multiple times → confirming its role as a distribution zone.
Fibonacci Retracement levels from the most recent upward wave show the 0.618 area around 3700–3705 acting as short-term support, where a technical rebound may occur.
The 3673–3675 zone confluences with Fib 2.618 and EMA200 → strong support, considered the main Buy zone for long-term buyers.
RSI (14) is currently below 50, momentum leans towards a decline, confirming that a corrective trend is prevailing.
Trading Scenario
SELL Scenario (trend-following priority):
Entry: 3767–3769
SL: 3775
TP: 3755 – 3740 – 3733 – 3710 – 3694
Buy scalping Scenario (short-term support reaction):
Entry: 3701–3704
SL: 3698
TP: 3710 – 3722 – 3736
Buy zone Scenario (priority for medium-term rebound):
Entry: 3673–3675
SL: 3666
TP: 3688 – 3696 – 3705 – 3720 – 3736
Price zones to watch
3767–3769: important resistance, priority Sell zone.
3700–3705: short-term support, potential Buy scalping area.
3673–3675: main Buy zone, confluence of support + Fibonacci.
3694 and 3736: key intermediate levels, where partial profit-taking is advisable.
The main short-term trend is leaning towards SELL, however, important support zones may offer opportunities for counter-trend Buy or trend-following Buy after price correction.
This is a reference scenario based on resistance – support and Fibonacci. Follow me if you love trading gold and want to read the latest analyses in the community.
LiamTrading – XAUUSD IN-DEPTH ANALYSIS OF CURRENT TRENDLiamTrading – XAUUSD Scenario Today: Opportunities at Key Price Levels
Gold continues its strong upward momentum, currently fluctuating around the 376x–377x range after a series of breakthroughs. The technical structure on the H1 chart shows the market is forming clear resistance and support zones, suitable for short-term trading plans.
Technical Analysis
RSI is cooling off from high levels, indicating the possibility of a short-term correction.
The upper price range around 3818–3821 is a strong confluence of resistance, coinciding with wave peaks and Fibonacci extensions, making it prone to selling reactions.
Conversely, the support zones at 373x and 370x exhibit dense liquidity, serving as potential buying points when prices adjust.
The short-term Dow structure still leans towards an uptrend, but attention is needed for the sell confirmation zone if gold fails at the peak.
Reference Trading Plan
Sell Zone: 3818 – 3821, SL 3828, TP 3805 – 3785 – 3760 – 3732 – 3650
Buy Scalping: 3728 – 3731, SL 3723, TP 3750 – 3777 – 3790
Buy Zone: 3706 – 3709, SL 3700, TP 3725 – 3738 – 3750 – 3777 – 3790
In summary, the main trend still leans towards an increase, but with gold approaching strong resistance zones, the likelihood of a correction is very high. Traders need to patiently wait for reactions at the marked zones for optimal entries, while managing risk tightly.
This is my personal view on XAUUSD. If you're interested in gold scenarios, follow me for the fastest updates.
XAUUSD – Pressure at the 3777 zone, adjustment scenario and trenXAUUSD – Pressure at the 3777 zone, adjustment scenario and trend-following buy
Technical Analysis
After a strong rally, gold (XAUUSD) is now approaching the resistance zone of 3777–3780, where it converges with the Fibonacci expansion cluster and the old resistance structure. This is a price zone prone to short-term selling pressure and is a decisive point for the next trend.
EMA200 (H1: 3685) is still clearly sloping upwards → the main trend remains bullish, but the market is in a state of range expansion, with the possibility of a correction before continuing upward.
RSI (14) is currently oscillating around 57–60, indicating that the upward momentum has cooled, not yet entering the overbought zone but posing a risk of divergence if the price forms a new peak without accompanying momentum.
The Volume Profile levels and support zones 3738–3740 / 3719–3722 / 3661–3665 will be where buyers can react to protect the main trend.
Trading Scenarios
Scenario 1 – Sell adjustment at resistance zone:
Entry: 3777–3780
SL: 3784
TP: 3755 – 3742 – 3730 – 3705
Scenario 2 – Short-term Buy scalping:
Entry: 3738–3740
SL: 3734
TP: 3747 – 3755 – 3770
Scenario 3 – Trend-following Buy (preferred when deep correction):
Entry: 3719–3722
SL: 3715
TP: 3728 – 3740 – 3765 – 3780
Price Zones to Watch
3777–3780: important resistance, potential Sell zone.
3738–3740: near support, suitable for Buy scalping.
3719–3722: main Buy zone for recovery, confluence with support structure.
3705: deep support, target if correction trend expands.
Outlook
The major trend for gold still leans towards bullish, however, the 3777–3780 zone currently plays a decisive role. Sellers can take advantage of short-term Sell to catch the correction, while buyers should wait for the price to retreat to support zones to enter trend-following orders.
This is a reference scenario based on technical analysis, not an investment recommendation. Stay tuned for earlier analyses and prepare well for your trading plan.
KEC International – Technical Breakout & Order Win: Short-TermCatalysts
Massive order flow (₹3,243 crore EPC order win)
All-time high breakout on volume.
Strong analyst upgrades, sector tailwinds.
Macro/sector news support (infra spending, global T&D).
KEC International (KEC) closed at ₹883.90 (+2.05% today) with strong bullish momentum, following a record ₹3,243 crore EPC order win. Chart shows a clear breakout above ₹850–₹860 accumulation zone, with current support at ₹875–₹878 and resistance at ₹937–₹950. All technical signals (volume, EMA trend, candles) point to further upside.
Best trade idea: Accumulate between ₹880–₹900, stop loss ₹850, targets at ₹950 and ₹1,000+. Ride momentum above EMA(20) and monitor volume.
Catalysts: Major order win, positive sector trend, analyst upgrades.
Summary: KEC is well-positioned for short-term swing trading. Entry on minor pullbacks with targets ₹950–₹1,000. Trailing stop risk management advised.
Disclaimer: tinyurl.com
AIA Engineering – High-Quality Fundamentals & Technical Support:AIA Engineering (CMP ₹3,056) is the world's second-largest producer of grinding media and mill internals, near debt-free, reporting strong ROCE (18.9%) and ROE (15.4%). The stock rebounded from recent lows, with resistance zone at ₹3,200–₹3,350. AGM on Sep 15 declared ₹16/share dividend and strengthened board positions. Fundamentals are robust, margins steady, and technical setup points to a possible 20–30% rally if sector momentum persists.
Short-term trade strategy: Accumulate between ₹3,000–₹3,150, initial targets ₹3,350–₹3,400, stop loss ₹2,900. Watch for price action above major moving averages and follow dividend/institutional activity.
AIA Engineering Ltd – Technical, Fundamental, and Trading Perspective (Short-Term Swing Idea)
Global Leadership in Grinding Media: Second-largest producer worldwide, servicing cement, mining, and power sectors. Preferred supplier for major industrial clients, enhancing growth visibility.
Strong Financial Fundamentals: Nearly debt-free balance sheet. High ROCE (18.9%) and ROE (15.4%). Operating margins 25–28%.
Robust Dividend Policy & Governance: AGM: ₹16/share dividend for 2025, appointment of new independent director.
Technical Setup: Current price: ₹3,055.70 (+0.19%). Support near ₹3,000; resistance zone ₹3,200–₹3,350. Trade Plan: Buy dips; stop loss ₹2,900. Target ₹3,350–₹3,400 if rally continues.
Recent Corporate Actions: AGM and dividend news, stable board, no negative announcements.
Summary:
AIA Engineering is well-positioned for short-term swing trading due to strong technical setup, sound fundamentals, and positive catalysts like dividend declaration. Entry zone ₹3,000–₹3,150; maintain a disciplined exit strategy above ₹3,350.
Disclaimer: tinyurl.com
KNR Constructions LtdDate 24.09.2025
KNR Constructions
Timeframe : Weekly Chart
About
Infrastructure project development company providing EPC services in segments such as roads and highways, irrigation and urban water infrastructure management
Service Offerings
(1) Highways
(2) Flyovers & bridges
(3) Irrigation systems
(4) Urban water infrastructure
(5) Urban development
Execution Capabilities
(1) Company has delivered 79 infrastructure projects
(2) Across 11 states in India
(3) Amounting to a total value of Rs. 16,198 Cr
(4) Executed 8,700+ lane kms of roadways
Clientele
NHAI, APRDC, MoRTH, GMR Projects, NMDC, Oriental Structural Engineers, Telangana Irrigation, KRDCL
Order Book
EPC order book of Rs. 3,888 Cr
Anticipates an order inflow of Rs. 6,000 Cr to Rs. 8,000 Cr by Q2 FY26
Segment Wise:
(1) Roads: 46%
(2) Irrigation: 26%
(3) Pipeline: 28%
State-Wise:
(1) AP & Telangana: 71%
(2) Karnataka: 13%
(3) Kerala: 11%
(4) Tamil Nadu: 5
Valuations
(1) Market Cap₹ 5,763 Cr
(2) Stock P/E 5.56
(3) ROCE 28.6 %
(4) ROE 27.2 %
(5) OPM 35%
(6) PEG 0.12
(7) Profit Growth 27% (TTM)
(8) Book Value 1.2X
Regards,
Ankur Singh
Short term swing on Jyoti CNCWith the earnings flattening out , EPS seems to have bottomed out and recent CEO statements clearly indicate strong order book and positive cash flow in Q3 leading upto Q4.
Along with these fundamental view , it formed a base between 878 - 924 range. Entererd the trade on breakout and pull back in to base.
Entry : Entry 912
SL : 875 ( I usually dont keep a hard SL, I exit if the price sustains under 875 for 2 successive trading sessions - thats how I've found success )
Target : 1035
Current entry does look for slightly longer term hold in which case I would add more qty if the price drops under 870 ( hold for 6-12 months ) . The hold would make sense if the company delivers on the time while sustaining a strong order book and cash flow as predicted which would eventually elevate the EPS and price should go up n beyond the previous ATH.
Note: Personally , I have a long term position which I opened at 411 so currently this is just a swing but yes a substantial drop under 870 and I'll add to my long term position.
LiamTrading – XAUUSD H1LiamTrading – XAUUSD H1: Adjustment structure formed, awaiting confirmation below 3685
After the surge to 375x, gold is entering a correction phase in line with the structural pattern. On H1, the price clings to the upper edge of the rising wedge, with RSI cooling off from overbought levels, indicating that supply pressure is starting to dominate. Today's plan focuses on the adjustment structure, prioritising selling upon confirmation signals.
Key price zones (as per the attached chart)
Sell strong resistance 3775–3785: confluence of channel top + 2.618 extension. Look for weakening reactions to initiate short/medium-term sell orders.
Buy zone volume 3726–3720: a thin support area providing momentum for a rebound. Holding this zone could push the price to retest 3750–3775; conversely, losing 3720 may lead to a deeper decline.
Resistance + FVG 3715–3698: as the price drops, this area turns into supply; a failed retest here is an early signal for further decline.
Confirm sell 3688–3685: closing H1 below this zone confirms a short-term downtrend, targeting a lower buy zone.
BuyZone 3652–3646: confluence of channel bottom + old liquidity, expecting a strong bullish reaction if revisited.
Reference trading scenarios (adhering to risk management)
Sell reaction at peak: 3778–3783, SL 3792, TP 3755 → 3738 → 3722.
Sell on confirmation: wait for H1 to close below 3685, enter sell 3684–3682, SL 3696, TP 3673 → 3656 → 3648.
Buy scalp by volume: 3726–3720, SL 3715, TP 3738 → 3750 (only short-term if the larger structure remains corrective).
Buy swing at strong zone: 3652–3646, SL 3639, TP 3673 → 3698 → 3712 → 3740.
Operational notes
Prioritise waiting for rejection/closing signals at the mentioned zones; avoid chasing orders in between.
Order volume should be allocated according to confirmation levels (confirmation zone < breakdown < failed retest).
Avoid excessive leverage; adjust SL according to structure when in profit.
This is a personal perspective, not an investment recommendation. If you want the quickest updates on the next XAUUSD scenarios, follow me and join my community for discussions.
XAUUSD 09/24 – Scenario after the Fed's Key SpeechHello everyone,
Gold continues its upward momentum in recent sessions. Yesterday, the price touched the 1.618 Fibonacci level on the H4 chart and then declined, indicating a slight rejection right after the PMI news.
Technical Perspective
The Wolfe Waves structure remains intact, not yet broken.
If the price returns inside the trendline, the signal confirming the Wolfe pattern will become clearer.
Current key resistance area: 3790 – 3825, coinciding with Fibonacci 361.8.
Noteworthy short-term support area: 3650 – 3647.
Fundamental Perspective
In yesterday's speech, Chairman Powell emphasised: “If monetary policy is eased too quickly, efforts to curb inflation will fail.”
This indicates that the Fed continues to prioritise price stability over the market's expectations for rate cuts. This is a factor to consider when trading gold in the current phase.
Today's Trading Scenario
Sell Setup
Entry: 3825 – 3827
SL: 3833
TP: 3810 – 3790 – 3768 – 3755
Buy Setup
Entry: 3650 – 3647
SL: 3642
TP: 3672 – 3688 – 3695 – 3710 – 3750
Summary
In the short term, gold is in a correction phase after hitting resistance. Prioritise observing signals around 3790 – 3825 to find Sell opportunities, while 3650 is a notable buying point for a recovery scenario.
This is today's XAUUSD trading scenario according to the Wolfe Waves model. You can refer to and adjust according to your personal strategy.
Follow me for the latest analyses as the market changes.
Wishing you successful trading!
Gold Sets New Record: Rate Hopes Driving Price HigherHello, traders!
Gold surged to a record high of $3,726.19/oz on September 22, fuelled by growing investor expectations for a clearer Fed rate-cutting path. Traders are now betting on two more rate cuts this year with a very high probability.
The growth drivers have shifted from being primarily central bank and Asian demand to now include strong buying from Western investors, as shown by increased holdings in gold ETFs. Upcoming speeches from Fed officials and the core PCE inflation data this week will be key in determining the market's next direction.
Technical Analysis & Strategy
Gold is in a strong uptrend and is continuously setting new highs. While there was a minor correction, the bullish momentum remains intact. Shorting near resistance levels is highly risky.
Outlook: Continue to prioritize Buy positions if gold holds above $370x.
Resistance: $3785, $3794, $3804
Support: $3774, $3764, $3754
Suggested Trading Strategy:
Buy Scalp: Zone $3765 - $3763, SL $3759
Buy Zone: Zone $3754 - $3752, SL $3744
Sell Zone: Zone $3800 - $3802, SL $3810
The market is highly volatile. Do you think gold can hit the $3,800 mark this week? Share your thoughts! 👇
#Gold #XAUUSD #Fed #GoldAnalysis #TradingView #InterestRates #Inflation #ATH