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Harmonic Patterns

Plan Trading day : 31.10.2024 with Gold"I think today I will trade within the M15 range as shown. I see that H4 is showing hesitation from both the buying and selling sides. Yesterday, the information seemed to support gold's rise, but fundamentally it is overbought, so it may need to slightly decrease to allow liquidity to enter and push the price up. This phase does not seem to be promising for traders. I will wait for a signal to enter a SELL around 2790 and look for a signal to BUY around the 2773 area. Good luck to you all!"
OANDA:XAUUSD
by Finn_Rm3x
Gold Price on October 30, 2024: Reaching a New RecordAs I predicted yesterday, gold prices have reversed and surged sharply. This increase is driven by concerns surrounding the U.S. election, tensions in the Middle East, and expectations that the Federal Reserve (Fed) will cut interest rates in November. All these factors have propelled gold to an all-time high. Furthermore, the intensifying competition between Donald Trump and Kamala Harris ahead of the November 5 election has also contributed to this upward momentum. Examining the technical chart, gold is trading around 2,778, up by 0.1%. In an upward price channel, gold is gaining momentum, moving towards new targets. If this trend continues, gold may conquer the next resistance levels, with the 2,800 mark within sight. Technical indicators like the RSI and MACD are also showing strong buy signals, further strengthening the positive outlook for this precious metal. Does anyone else share my prediction? If you have more solid insights, feel free to comment and let me know!
OANDA:XAUUSD
by Alisa_Rokosz
Buy Hudco Bullish Railroad Track Pattern on Weekly Charts Buy Hudco Bullish Railroad Track Pattern on Weekly Charts Buy Above 225 with target of 280 Stop Loss at 215 1.Fundamintal aspect : Company has been maintaining a healthy dividend payout of 41.8% 2. Technical Indicators: - RSI: 47.33, indicating a neutral position. - SMA: 26.4, suggesting the stock is trading above its simple moving average. - VWAP: 225.73, slightly above the current price, indicating potential resistance. 3. Valuation Metrics: - Market Cap: ₹633.9B - Trailing P/E: 29.99 - Price to Sales (TTM): 19.84 - Profit Margin: 66.2%, indicating strong profitability. 5. Investment Consideration: - HUDCO has shown strong price appreciation and profitability. - The high debt-to-equity ratio suggests potential financial risk.
NSE:HUDCOLong
by Sunil_balani
1
SBIN ready to rocketInternational Business The bank has a global footprint with a network of 233 branches/offices in 32 countries. It has presence in USA, Canada, Brazil, Russia, Germany, France, Turkey, Australia, Bangladesh, Nepal, Sri Lanka and other countries. Presently, Overseas business accounts for 3% of total deposits and 13% of total advances. Government Business SBI has always been the banker of choice to the government of India and is the market leader in government business. It had turnover of ~52,50,000 lakh crores and commissions of ~3,700 crores from government business in FY20.
NSE:SBINLong
by TechnicalAnalystSucrit
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in SYRMA BUY TODAY SELL TOMORROW for 5%
NSE:SYRMALong
by Kapil-Mittal
3
The new week has brought a "shocking" piece of news for goldThe US dollar’s strong appreciation in the international currency basket has placed significant pressure on gold prices. Moreover, a series of positive US economic data released at the beginning of the week has prompted investors to take profits, driving gold prices down sharply. Additionally, the sharp rise in US government bond yields has further reduced gold’s appeal today. Currently, gold is trading around $2,741 per ounce, down 0.2% from the previous session. On the technical chart, gold is forming a downward price pattern and facing selling pressure at the $2,747 per ounce resistance level. In the short term, there is a high probability that gold prices will continue to adjust downward if no new supportive factors arise. However, with fundamental factors supporting a long-term increase in gold prices, there remains a realistic possibility that gold could break through current resistance and resume its upward trend. Investors should closely monitor both technical and fundamental signals to make well-informed trading decisions.
OANDA:XAUUSD
by Alisa_Rokosz