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Explosive Price Action in Premier Explosives – The Name Says It 🧠 Key Technical Insights: ✅ Main Counter-Trendline (CT) Breakout: A clean breakout above the white CT line with a strong, high-volume bullish candle. This confirms a reversal of the prior corrective structure. ✅ Hidden Resistance Cleared: The breakout also pierced a WTF hidden line (dotted white), further validating momentum. ✅ SD Conversion Zone Flip: The green zone highlights a supply-to-demand flip. Price has respected this zone multiple times and now turned it into strong demand support — a textbook S→D conversion. ✅ Candle Structure: The breakout candle not only has volume and size, but also follows a healthy higher low structure — signifying smart accumulation.
NSE:PREMEXPLNLong
by Averoy_Apoorv_Analysis
RIDING THE WAVE - CUP & HANDLE BREAKOUT IN MANAPPURAM FINANCESymbol - MANAPPURAM CMP - 234.16 Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC. Manappuram Finance Ltd. has recently demonstrated a significant bullish breakout, having formed a classic cup and handle pattern on a larger time frame and breaking out with strong volume. The cup and handle pattern is a well-regarded bullish breakout formation, and when it occurs on weekly or larger time frames, it tends to be highly reliable, indicating a robust upward momentum. Currently, the stock price may retest the breakout zone, which coincides with the previous resistance area; now turned support - around the 230 to 217 range. This retest is a natural price action behavior and offers an attractive entry point for long positions before the stock continues its upward trajectory. The target for this breakout, based on technical projections, is around 350, representing a 60% upside from the current market price. Given the strength of the breakout and the established pattern, this target appears achievable over the medium term. For risk management, a stop loss can be placed around the 197 level, providing a reasonable cushion in case of a price reversal. From a broader perspective, the formation of a cup and handle pattern coupled with a successful breakout on higher time frames adds a significant bullish bias to the stock. Investors looking for a favorable risk-to-reward setup may find this an opportune time to initiate or add to their positions in Manappuram Finance. Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
NSE:MANAPPURAMLong
by akshit_official
10
NIFTY 50 – Top-Down Analysis Amidst Tariff TurbulenceWith global markets shaken by Trump’s recent tariff rhetoric, it's time we zoom out and analyze what Nifty 50 is actually saying — from a multi-timeframe lens. Price tells a story, and here's how it's unfolding across the Monthly, Weekly, and Daily charts: 🟩 Monthly Chart (1M) – The Bigger Picture The macro trend is nearing a critical MTF decision point. 🔁 This is the make-or-break zone for the larger structure. 🟥 Weekly Chart (1W) – Bearish Momentum Still in Play Structure is currently bearish, with lower highs and lower lows. 🧠 Key Thought: Don’t assume trend change without structure breaking clearly. 🟧 Daily Chart (1D) – Battle Zone Price action is noisy but insightful. We have a potential bullish scenario unfolding — but it’s fragile Only bullish structure is if price defends recent lows and breaks above resistance in a clean impulse-retrace-impulse fashion. Despite external triggers like Trump’s tariff announcements, the technical structure across timeframes is telling us one thing: ⚠️ “No bias until structure confirms.”
NSE:NIFTY
by Averoy_Apoorv_Analysis
5
IS TATA MOTORS READY TO REV UP? A SOLID PICK FOR INVESTORSSymbol - TATAMOTORS CMP - 539 TATA Motors, a leading global automobile manufacturer with brands like Jaguar and Land Rover, has been on a downtrend in recent months. However, it is now approaching an important demand zone, making it an attractive opportunity for medium to long-term investors. The stock is currently trading at a good valuation, offering significant value at these levels. Despite the recent decline, TATA Motors boasts solid fundamentals, with a diversified business model in both passenger and commercial vehicles. The company’s growing focus on electric vehicles (EVs) positions it well for long-term growth. As the global demand for EVs increases, TATA Motors is likely to benefit, making the stock an appealing pick for investors. The downside risk appears limited, and a recovery or consolidation at these levels is highly likely. This creates a strong entry point for investors seeking long-term value. Overall, TATA Motors presents a solid investment opportunity given its strong market position and growth potential in the evolving automotive industry. 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!
NSE:TATAMOTORSLong
by akshit_official
6
GOLD SURGE CONTINUES – FEAR, WAR & END-OF-MONTH VOLATILITYGold opened this week with a strong upside gap, once again reminding us of how unpredictable Mondays can be following highly volatile weekends. As always, when the market gaps significantly after the weekend, it's best to wait for price to absorb the remaining volume before locking into new setups. As mentioned in previous outlooks, the current BUY pressure is still high, driven by a global wave of FOMO and fear, caused by: Rising geopolitical tensions, Global economic instability, And even natural disasters now hitting parts of Asia. Asian stock markets dropped sharply this morning after weekend developments escalated — with the Russia–Ukraine war showing no signs of de-escalation. In fact, new reports suggest a broader regional impact, further boosting risk-off sentiment. 💡 Safe Haven Flows Are Back in Full Force Right now, gold is the #1 asset investors are paying attention to. It's being treated as the ultimate flight-to-safety amid global panic and uncertainty. And with this momentum, new ATHs may still be ahead. 📅 End-of-Month Candle Close – Expect Whipsaws Today also marks the final trading day of the month, meaning we could see aggressive stop hunts and liquidity sweeps as large players look to close their monthly books. ➡️ Be extra cautious today — sharp moves up or down may occur due to end-of-month positioning. Whether BUY or SELL, it’s best to trade tight, scalp smart, and respect your SL/TP. Key Levels for 01/04: 🔺 Resistance: 3116 – 3132 🔻 Support: 3092 – 3085 – 3076 – 3066 🎯 Trade Plan: SELL ZONE: 3130 – 3132 SL: 3136 TP: 3125 – 3120 – 3115 – 3110 – 3105 – 3100 BUY ZONE: 3066 – 3064 SL: 3060 TP: 3070 – 3075 – 3080 – 3085 – 3090 – 3095 – 3100 Stay sharp and trade with discipline. End-of-month volatility is not for the weak hands. — AD | Money Market Flow
OANDA:XAUUSDLong
by MMFlowTrading
Torrent Power – 50% Fibonacci Retest & Breakout Play!📊 Technical Breakdown: 🔹 50% Fibonacci Retracement at ₹1,212 – a crucial support where buyers stepped in! 🔹 Falling trendline breakout with a massive +16.06% green candle – trend reversal confirmation? 🔹 Volume surge suggests strong buying interest but relatively still lower than as it used to be in this stock year ago 🔹 Blue and Red lines are nearest supply zone created by a weekly and monthly time frame
NSE:TORNTPOWERLong
by Averoy_Apoorv_Analysis
2
WEEKLY GOLD OUTLOOK – BIG PICTURE VIEW FOR THE HOMIES!🔍 Let’s take a quick look at Gold on the higher timeframes (W1 & D1) — The weekly and daily candles are showing long upper wicks, indicating strong rejections from the highs due to last Friday’s correction. 📉 Gold dropped more than 50 points toward the end of the week, but later bounced back with a late-session recovery. Looking at the W1 and D1 candles, there are early signs of a possible reversal, but momentum still seems not strong enough, as prices retraced over 20 points into the close, making the candle bodies close above 50% of the full D1/W1 range. 🧭 From AD’s perspective, price has now reacted at the all-time high zone, and we need to wait for Monday to confirm whether the bulls can push higher again — only then can we establish a full directional bias for the upcoming week. We're now stepping back to get a broader view of price action and macro sentiment, reviewing all the latest news & market developments before entering the final week of the month... 📈 Current View from AD: Gold is still moving inside its main bullish channel on the higher timeframes. However, in order for a true reversal to form, strong selling pressure must come in, triggering larger volumes and pushing price down into low-liquidity zones. That said, buyers stepped back in near the weekly close, so we’ll need to closely watch: Possible weekend gaps Price action around the Sunday night open This will help us determine the most accurate direction heading into Monday. ⚠️ There’s a chance we’ll see another drop, as this current bullish retracement is reaching the 0.5 – 0.618 zones on H1 and H2. But like AD said, the real story unfolds on Monday once the leftover weekend volume gets absorbed and clean market structure reveals itself. 📌 Key Levels to Watch: Resistance: 3025 – 3033 – 3040 – 3046 – 3056 Support: 3014 – 3005 – 3000 – 2993 – 2986 📊 Based on the MA indicators AD uses, short-term moving averages are starting to cross over mid- and long-term MAs, indicating a potential major trend shift on higher timeframes. 💡 If this structure holds into early next week, we might get early SELL opportunities, so stay alert and stick close to candle structure. 📍AD has already marked the key levels on the chart — These are high-probability zones for entry or breakout traps, so don’t miss out on golden opportunities. Save them. Watch them. 💬 Wishing everyone a warm and joyful weekend with your family and loved ones. AD will drop a post tomorrow on market psychology — if you’re interested, drop a boost and leave a comment! GOOD WEEKEND HOMIES! 💛
OANDA:XAUUSD
by MMFlowTrading
Nifty 50 Daily Timeframe: Will the Downtrend Finally Break?The latest daily timeframe chart of Nifty 50 still shows the index trading within a well-defined descending channel, but it is now at a crucial resistance zone near the upper boundary of the trendline. This zone will determine whether the market is ready for a bullish breakout or if another round of selling pressure will push prices lower. Key Observations: 1. Downward Channel Still Intact:- The index continues to respect the red trendlines, which have been guiding the downtrend for months. Nifty 50 is currently testing the upper boundary of the channel, and this is a decisive moment for the market. 2. Resistance Zone Approaching:- 23,100 - 23,200 is acting as an immediate resistance level. A break and close above this zone with strong volume could confirm a breakout and trigger bullish momentum. Failure to break out could lead to another rejection, keeping the downtrend intact. 3. Bullish Momentum Strengthening:- The last few daily candles show strong bullish momentum with higher highs and higher lows. If RSI moves beyond 65-70, it will signal strong buying interest. Possible Scenarios: Bullish Breakout Scenario:- If Nifty closes above 23,200 with strong volume, it could rally towards 23,500 - 24,000 in the coming sessions. A confirmed breakout would invalidate the bearish trend and attract fresh buying interest. Bearish Rejection Scenario:- If Nifty fails to break out and faces selling pressure, it may once again decline toward 22,750 - 22,500 support levels. Traders should watch for a bearish rejection candle near the resistance zone, as it could signal another leg downward. Conclusion:- Nifty 50 is at a make-or-break level, and the next few sessions will decide the trend direction. Traders should wait for confirmation before taking aggressive positions. If a bullish breakout occurs, we could see a trend reversal, but if the resistance holds, the downtrend may continue. Watch the 23,200 level carefully! A decisive move above or below will dictate the next big move for Nifty 50.
NSE:NIFTYLong
by surajdbg1988
2
XAU/USD PLAN VIEW – PREPARE FOR THE FOMC STORM!📊 This week, all eyes are on the FOMC meeting on March 19, where the Fed will announce its interest rate decision and economic outlook. Gold remains bullish but is now approaching key resistance zones, which could lead to a short-term correction before determining its next direction. ⚠ Important Note: The following PLAN VIEW applies before the FOMC meeting. Once we approach the event, traders should consider closing positions to protect their accounts, as extreme volatility is expected when the news is released. 🔥 Fundamental Analysis – What’s at Stake in This FOMC? 📌 1️⃣ Fed Expected to Hold Rates at 4.25% - 4.5% but… The Dot Plot & Summary of Economic Projections (SEP) will guide the market’s expectations. If the Fed maintains a hawkish stance, the USD may strengthen, pressuring gold. If the Fed signals a dovish shift, the USD could weaken, pushing gold higher. 📌 2️⃣ Central Banks Are Still Buying Gold China, Russia, Poland, and India continue stockpiling gold, reducing dependence on the USD. This ongoing trend supports gold’s long-term bullish momentum, despite possible short-term pullbacks. Technical Analysis – XAU/USD Key Levels 🔹 Primary Trend: Bullish, but facing strong resistance. 🔹 Price Channel: Gold remains within an uptrend, though a short-term pullback is possible. 📌 Key Levels to Watch: 📍 Resistance: 3,055 - 3,071 – If gold faces rejection here, a correction could follow. 📍 Support: 3,021 - 3,009 – A key area to watch if a pullback occurs. 2,986 - 2,948 (FVG Zone H1) – Deeper liquidity levels if selling pressure increases. 🎯 PLAN VIEW – BEFORE FOMC BUY ZONE: 3010 - 3008 SL: 3004 TP: 3015 - 3020 - 3024 - 3028 - 3032 ELL ZONE: 3054 - 3056 SL: 3060 TP: 3050 - 3046 - 3042 - 3038 - 3030 ⚠ Key Warning: As we approach FOMC, consider closing all positions to avoid unnecessary risks, as the market reaction can be highly unpredictable. 🔥 A storm is coming with the FOMC – trade smart and protect your capital! 🚀
OANDA:XAUUSDLong
by MMFlowTrading
6
Gold Breaks Out! Is This the Start of a Massive Rally?🚀 Gold Breaks Out! Is This the Start of a Massive Rally? 🔥 🌟 Gold Rises 1% as USD Weakens Amid Recession Fears 💰 Market Overview Gold remains well-supported as market uncertainties continue to fuel demand for safe-haven assets. However, any positive developments in negotiations between Russia and Ukraine could reduce risk premiums. 🌍 Trade policies imposed by former U.S. President Donald Trump on key trading partners had previously caused significant volatility in global markets, raising concerns about economic growth. 📊 Key Economic Events All eyes are now on the upcoming U.S. inflation reports, with the CPI (Consumer Price Index) and PPI (Producer Price Index) scheduled for release on March 12 and 13, respectively. According to a Reuters poll, the U.S. CPI for February is expected to increase by 0.3%. ⚠️ With these economic data releases ahead, investors need to stay alert, as this week’s fundamental news could significantly impact gold’s movement. From a technical perspective, gold seems well-supported at key levels, indicating potential strength in the market. 📈 Technical Outlook & Trade Setup ✅ Gold has broken out of a parallel downward channel with a strong breakout around $2898 - $2900, forming a continuation pattern (CP) and surging 15 - 20 prices afterward. 📌 Yesterday’s break of the bearish structure and the subsequent rally suggest that gold still has strong buying momentum, backed by fundamentals favoring USD and gold. 📊 Key Levels to Watch: 📍 Major Resistance Levels: $2927 - $2944 - $2954 📍 Major Support Levels: $2899 - $2884 - $2873 📌 Trading Zones 🟢 BUY ZONE: $2884 - $2882 🔹 Stop Loss (SL): $2878 🎯 Take Profit (TP): $2888 - $2892 - $2896 - $2900 - $2906 - $2910 🔴 SELL ZONE: $2943 - $2945 🔹 Stop Loss (SL): $2949 🎯 Take Profit (TP): $2940 - $2936 - $2932 - $2928 - $2922 📢 Final Thoughts 🕵️‍♂️ Tonight, we have a crucial CPI release that could shape gold’s trend for the week. Currently, gold is moving unpredictably in lower timeframes, sweeping both highs and lows as the market transitions from Spring-Winter to Summer-Fall phases. 📌 Traders should be cautious and wait for a clearer trend before making aggressive moves. Stick to your TP/SL levels to protect your capital. GOOD LUCK & TRADE SAFE! 🚀
OANDA:XAUUSDLong
by MMFlowTrading
GOLD WEEKLY OUTLOOK – AWAITING CPI & PPI IMPACT! GOLD WEEKLY OUTLOOK – CPI & PPI TO DRIVE THE NEXT MOVE! 🔥 GOLD REMAINS IN A RANGE – BREAKOUT OR CORRECTION AHEAD? 🔥 📌 Market Overview Gold continues to trade sideways within a wide range, despite last week’s disappointing Nonfarm Payrolls (NFP) report for the U.S. economy. Even though the jobs data was weak, gold failed to break a new high, indicating that investors may have anticipated the report. Key market focus is now shifting towards Trump’s trade policies & inflation rather than employment data alone. 👉 After the news release, gold reacted briefly but lacked strong bullish momentum, continuing to trade around $2,910 before closing the week at this level. 📉 TECHNICAL ANALYSIS – KEY PRICE LEVELS 🔹 Resistance Levels to Watch: $2,929: Immediate resistance; breaking this level could confirm bullish momentum. $2,943 - $2,954: Major resistance; a breakout here could push gold towards $2,970+. 🔻 Support Levels to Watch: $2,884: Closest support; breaking this could open the door for further downside. $2,872 - $2,859: Strong support zone where buyers may step in. $2,840: A critical level, especially if the upcoming CPI & PPI reports strengthen the USD. 📊 KEY EVENTS IMPACTING GOLD THIS WEEK 📅 CPI & PPI – The Major Catalysts Ahead 💡 Expectations: If CPI and PPI come in higher than expected ➜ USD strengthens, and gold may correct lower. If CPI and PPI are weaker ➜ USD weakens, and gold could break resistance to continue its uptrend. ⚠️ Key Technical Clues to Watch: Gold needs to break out of the $2,926 - $2,896 range to confirm a trend direction. Resistance at $2,926 - $2,928 is still holding, which doesn’t favor BUY setups yet. If gold drops below $2,896 - $2,884, the likelihood of a deeper correction increases. 🎯 TRADING PLAN 🔵 BUY ZONE: $2,874 - $2,872 📍 SL: $2,868 🎯 TP: $2,878 - $2,882 - $2,886 - $2,890 - $2,900 🔴 SELL ZONE: $2,944 - $2,946 📍 SL: $2,950 🎯 TP: $2,940 - $2,935 - $2,930 - $2,926 - $2,922 ⚡ CONCLUSION 📌 Wait for price reaction at key levels before making trading decisions. 📌 Focus on the $2,926 - $2,896 range to determine the main trend. 📌 Strictly follow TP/SL to protect your account and maximize profit! 💬 What’s your take? Will gold break higher or correct deeper? Drop your thoughts below! 🚀🔥
OANDA:XAUUSDShort
by MMFlowTrading
GOLD MARKET UPDATE – IS THE NEXT LEG DOWN COMING?🔥 GOLD BREAKS DOWN – MORE DOWNSIDE BEFORE A BIG MOVE? 🔥 📌 Market Overview As anticipated in yesterday’s analysis, Gold has broken down from its long-term sideways range. Based on the current price action, I still expect another leg down toward the 285X zone, before a potential strong rebound. For now, the priority remains on SELL setups as long as the breakdown holds. 👉 Market sentiment is cautious as investors look to take profits and avoid unnecessary risks ahead of key U.S. inflation data. 📊 FUNDAMENTAL FACTORS IMPACTING GOLD 💡 Trump’s Tariff Policies & Market Uncertainty U.S. President Donald Trump imposed a new 25% tariff on imports from Mexico & Canada on March 4th, along with additional tariffs on Chinese goods. Just two days later, he partially reversed the decision, suspending tariffs on Mexican imports and certain Canadian products for one month. This inconsistency in policy is increasing market volatility, making Gold a preferred safe-haven asset. 💡 Investors Holding Back Ahead of U.S. Inflation Reports Traders are hesitant to take aggressive positions before key U.S. inflation figures are released. If inflation comes in higher than expected, the USD may strengthen, pushing Gold lower. If inflation data is weaker, Gold could regain momentum and head towards new ATH levels. 📉 TECHNICAL ANALYSIS – KEY LEVELS TO WATCH 🔹 Major Resistance Levels: 2,905 - 2,912 - 2,919 - 2,927 🔻 Major Support Levels: 2,866 - 2,858 - 2,845 - 2,825 🎯 TRADE SETUPS FOR TODAY 🔵 BUY ZONE: 2,846 - 2,844 📍 SL: 2,840 🎯 TP: 2,850 - 2,854 - 2,858 - 2,862 - 2,866 🔴 SELL ZONE: 2,825 - 2,827 📍 SL: 2,830 🎯 TP: 2,820 - 2,816 - 2,812 - 2,808 - 2,800 ⚡️ CONCLUSION 📌 Gold remains in a downtrend after breaking out of its previous range – watch for further downside before a strong bounce. 📌 Investors are cautious ahead of inflation data, and Trump’s tariff policies continue to create market uncertainty. 📌 Stick to TP/SL to protect your capital & avoid unnecessary risks! 💬 What’s your take? Will Gold drop further before rebounding? Let me know in the comments! 🚀🔥
OANDA:XAUUSDShort
by MMFlowTrading
GOLD AWAITS NONFARM – BREAKOUT OR RETRACEMENT?GOLD AWAITS NONFARM DATA ON 07/03 – WILL IT HIT A NEW ATH OR CONTINUE ITS RETRACEMENT? 📌 Market Overview The global financial markets are on high alert as all eyes turn to the Nonfarm Payrolls (NFP) report – the most anticipated economic data of the month. 🔥 Geopolitical Tensions & Their Impact on Gold & USD (DXY): US tariff policies against neighboring countries and China continue to fuel uncertainty. DXY remains highly volatile, directly influencing Gold’s price movements. Investors worldwide are waiting for NFP results to determine whether Gold will break to new all-time highs (ATH) or undergo another correction. ⚡ Expected Price Volatility: Currently, Gold is trading sideways within a broad range of 2929 - 2892, holding this structure since the start of the week. Based on previous Nonfarm releases, Gold is expected to move 45 - 50 points today, possibly even 60 points! This presents high-profit potential for traders ready to react to a breakout. 📊 Key Support & Resistance Levels – Watch for the Breakout! 🔺 Key Resistance: 2920 - 2928 - 2943 - 2954 🔻 Key Support: 2892 - 2884 - 2872 - 2859 - 2838 🚀 Today's Game Plan: Gold is still consolidating sideways, with no clear breakout yet. Wait for a breakout confirmation, then follow the momentum. I will update fresh insights right before the Nonfarm release for a more precise strategy. 🎯 Trading Strategy for the Day 🟢 BUY ZONE: 2874 - 2872 ❌ SL: 2868 🎯 TP: 2878 - 2882 - 2886 - 2890 - 2895 - 2900 🔴 SELL ZONE: 2952 - 2954 ❌ SL: 2958 🎯 TP: 2948 - 2944 - 2940 - 2935 - 2930 📌 Important Reminders 💥 Nonfarm will trigger extreme volatility today – expect strong liquidity grabs! ✔ Stick to TP/SL to protect your capital against unexpected market swings. ✔ Wait for the breakout confirmation before entering trades – avoid FOMO! ✔ Control emotions & manage risk carefully – today’s market could be a game-changer! 📢 Are you ready for today’s market action? Stay updated and execute your trades with precision! 🚀🔥
OANDA:XAUUSD
by MMFlowTrading
GOLD SURGES STRONGLY – IS THE SELL SIDE TAKING CONTROL? Yesterday, Gold surged nearly 50 points, climbing from 288x to 2927.x, hitting the key resistance zone that I had previously noted. Immediately after, Gold made a sharp correction, signaling that the Sell side is regaining control in today’s session. 📌 Looking at the D1 timeframe, Gold still shows strong bullish momentum but has reached a critical continuation zone (IP – Important Price), where it has been reacting since yesterday. Today, we anticipate a potential reversal with strong selling pressure, making early SELL entries a solid strategy. 🚨 Key resistance to watch: 2933 – If the price breaks above this level, the BUY side will regain strength, and the SELL plan will be canceled. I will update a new strategy accordingly. ⏳ Trading strategy for today: 🔹 Focus on SELL opportunities in the Asian & European sessions. 🔹 Wait for confirmation in the U.S. session before adjusting the approach. ⚡️ KEY PRICE LEVELS TODAY 📌 Resistance: 2916 - 2927 - 2933 - 2945 - 2954 📌 Support: 2890 - 2886 - 2880 - 2875 - 2860 💎 TRADE SETUPS FOR TODAY 🔹 BUY ZONE: 2876 - 2874 SL: 2870 TP: 2880 - 2884 - 2888 - 2894 - 2900 🔹SELL SCALP: 2926 - 2928 SL: 2932 TP: 2922 - 2918 - 2914 - 2910 - 2900 🔹SELL ZONE: 2945 - 2947 SL: 2950 TP: 2940 - 2936 - 2932 - 2928 - 2920 🚨 IMPORTANT NOTICE 📊 Today's focus will be on the ADP NONFARM report – This key data will provide insights into the U.S. economy ahead of Friday's Nonfarm Payrolls (NFP). 📢 Traders should be extra cautious and strictly adhere to TP/SL rules to protect their accounts from potential volatility. 💰 Wishing everyone a profitable trading session – GOOD LUCK! 🚀🔥
OANDA:XAUUSDShort
by MMFlowTrading
GOLD MAINTAINS UPSIDE MOMENTUM AFTER ADP NONFARM DATA RELEASE🔺 Market Overview: Gold continues to maintain its bullish momentum, having reclaimed key resistance levels after the ADP Nonfarm report was released yesterday. Despite recent U.S. economic data and the uncertainty surrounding tariff policies, the USD has weakened following a brief recovery over the weekend. 🔺 Current Outlook for Gold: Given the economic news and the candle strength on the chart, I’m still looking for BUY opportunities in Gold. During the Asian and European sessions, we can anticipate BUY setups early, as Gold could reach the key resistance zones, offering good SELL scalping opportunities just like we saw yesterday at the 2928 - 2926 zone, which resulted in a 150-pip profit. 📊 Market Range Today: The price range today may be sideways as we await important Nonfarm data tomorrow. Pay close attention to the support and resistance levels. 🔸 KEY SUPPORT & RESISTANCE LEVELS 🔺 Resistance Levels: 2928 – 2942 – 2954 🔻 Support Levels: 2904 – 2894 – 2886 – 2874 ⌛ TRADING ZONE FOR TODAY 🟢 BUY ZONE: Entry: 2886 - 2884 Stop Loss (SL): 2880 Take Profit (TP): 2890 - 2894 - 2898 - 2905 🔴 SELL SCALP: Entry: 2942 - 2944 Stop Loss (SL): 2948 Take Profit (TP): 2938 - 2934 - 2930 - 2925 - 2920 🔴 SELL ZONE: Entry: 2954 - 2956 Stop Loss (SL): 2960 Take Profit (TP): 2950 - 2946 - 2942 - 2938 - 2934 - 2930 📌 Final Thoughts & Trading Tips: Key Levels: The key levels have been noted above. Pay attention to the critical support and resistance zones. Stay Focused: Today, the market is likely to be in a sideways range, so be patient and wait for confirmation before executing trades. Nonfarm Data: Keep an eye on important Nonfarm data tomorrow. This could trigger significant price movements. 💡 Reminder: Always follow your TP/SL levels to ensure safe trading and protect your capital. Trade with caution and stay disciplined!
OANDA:XAUUSD
by MMFlowTrading