NFP report: How Will it Shape the Gold Trend?NFP report: How Will it Shape the Gold Trend?
Gold prices experienced a rise on Tuesday and Thursday (sideways on Wednesday), driven by traders' expectations of another interest rate hike by the US Federal Reserve. But is the medium-term downtrend really over?
One fundamental indicator that can help answer this question is the nonfarm payrolls, due to be released this Friday (US time). Any unexpected outcomes could lead to heightened volatility in rate-sensitive assets such as gold.
Market projections indicate that the upcoming nonfarm payrolls report for May will show a slowdown in job additions to the economy, with 190,000 jobs compared to the 253,000 jobs added in April. Interestingly, the forecast for the previous month was also around 190,000 jobs.
The nonfarm payroll data serves as the final key indicator ahead of the release of inflation data on June 14 and the concurrent interest rate decision from the Federal Reserve.
Market sentiment currently suggests a 60% probability of a 25 basis-point interest rate hike during the Federal Reserve's upcoming June meeting, compared to a 26% chance observed a week earlier. If implemented, this would mark the central bank's 11th consecutive rate increase.
Gold was trading around $1,932, reaching its lowest level since March 17 before its incline began on Tuesday. While Thursday was a positive day for the metal, it still retraced about half of its gains on the day and now trades at approximately $1,960. It peaked at $1,974, which is the most immediate resistance level but without much historical precedence. Considering the NFP is still two days away, this level might become irrelevant.
$1,985 is a level with more medium-term precedence but will have to wait until closer to the release of the data to tell if this level is something that needs to be watched. If gold turns to the downside, it might pay to keep an eye on $1,938 as a support level.
Long-short
Bitcoin Dead Or Gone At This Level $28200 or $26450See #bitcoin has this condition right now, no wonder btc always disappoint as well as always outperformed.
the resistance level of btc which is $28200 has to be crossed in order to reach $30k to $40k frame
if reversal pattern cross the support level of $26400 then we will se the collapse till $24k to $22k
hope you have the clarity in market
show love and respect for me to provide the best information of the market
thanks!
#crypto
#pepe
#btc
Nifty: With FED Meeting done & dusted what to expect from Nifty?18030-18065 would play a crucial role
Sustaining below 18030 on 15 min candle one may look to sell for target of 17960 odd levels with a SL tad above 18065
giving a Risk:: Reward ratio of 1::2
A weekly close below 17960 could open doors for a move towards 17800 / 17750 odd levels.
Sustaining 17960 and managing to give a Weekly close Above 18065 In that case Long can be initiated for target of 18400 in coming days with a SL at 17960 giving a Risk::Reward ratio of 1::3.3
Like and Follow
Take care and safe trading..!!!
nifty longterm , weekly chart analysisnifty current 18080,18100 support lvl(day S lvl)
nifty current resistance 18373,18440,18614(day R lvl)
head and sholder pattern , and weekly , daily channel pattern formed
if Market breakout it will be nifty range 18600-18800-19500( imaginary points).
breaish side 17800-17500 strong bear market ,(known).
but , nifty sign on longterm investment(if breakout).
market now consolidation, avoid sideways market.
TVS MOTORSAfter the completion of the rounding pattern or bowl pattern from the level of 800 its continuously in the bullish form making higher highs pattern.
Now it's showing the exhaustion so we can see some profit booking here either it can move for buying if it crosses the channel right now it just breakdown the major trendline followed by it from the level of 800 once it crossed below 1080 and 1060(majorly) we can see fall and also on the monthly chart time frame we can observe that it can make the inside candle thus making it in your list is gonna be a jackpot.
On the way we are having the support of 50 MA which can be a good sign for buyers and sellers if it closed below it can fall easily.
nifty 50 greed lvl after 18400 breAKOUTgreed not extreme lvl
18000-18750-18800
now supported is changed 18280-18370 ,
higher will be testing or another breakout will be another chance for all time high.
nifty 50 upperside bullish engulfing candle after breakout 18400.
18550, 18600 resistance lvl.
goodluck
market volatality is low , trade for better entry, any side call and put option.( next week better for option trading).
Selling opportunity in Nifty or Not!-->For the first time since 13/10/2022 Nifty has closed below its previous days closing "PDC" yesterday.
-->Nifty has extended quite high without a correction and I'm expecting a small correction before its BIG BULL RUN.
--> Why not BUYING today?
-->Yeah we can also buy with todays low as SL and enter when market gives retracement towards days low and again shows bullish momentum
--> PLAN 1
-->Continuing with shorting plan one can Short around 0.618 level at any strong bearish candle with 0.78 levels as SL or a big SL (18192 like that)
Short Entry:18095
SL:18155
--> PLAN 2
-->Wait till market comes till 0.78 levels and then short market with approx 60 points SL
-->This is high probable setup because chances of achieving 1:1 and securing the trade is high.
-->Even if price goes into stop loss zone we will have a good chance to exit if Price move around that level for some time ,coming to our entry area.
Short ENTRY : 18132
SL :18192 levels
I am posting this for Live testing purpose.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. Your boost and follow is my MOTIVATION.
I will be updating
Should we buy or sell Nifty Today?Nifty is in narrow range since opening.
15 min candle breakout should give good target either side.
For Upside 1;1 should be 1st Target and then trailing.
For downside also same thing but can focus on gap filling also.
BREAKOUT PLAN
The breakout candle should close above the range (at least 30 percent of body)
Then one can enter at candle close with SL below bottom range level. (should be ~50 points)
OR
After Breakout one can wait for some retracement and enter the same with same SL (can get small SL)
BREAKDOWN PLAN
The breakdown candle should close BELOW the range (at least 30 percent of body)
Then one can enter at candle close with SL above range level. (should be ~50 points)
OR
After Breakdown one can wait for some retracement and enter the same with same SL (can get small SL)
I am posting this for Live testing purpose.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating
Selling opportunity in Niftylets see if we can secure this trade with at least 1:1 RR. SL of just 40 points .
Candle close above 18020 will change every thing Until then its a good risk reward .
Closing below 17940 will be considered as proper weakness then one can plan for positional trades.
As of now not that much weakness but in smaller TF i have observed market breaking the structure and it is afternoon also lets see if any selling pressure comes.
I am posting this for Live testing purpose.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating
Not every swing high is a Fake Breakout !Good morning traders.
If you have entered long at the high of the green candle as shown in the chart you would have thrown out of the market by taking your SL and kept you thinking Oh! It must be a Fake Breakout.
-->We all know that market structure is combination of waves.
-->These waves will follow Primary trend, Secondary trend and all the minor trends on the way.
-->In the Bullish momentum - Price will form Higher highs and higher lows.
-->In the Bearish momentum price will form Lower highs and lower lows.
-->If we observe the recent path the market is following, it has formed higher highs and higher lows.(Bullish If i have to say)
-->Before Friday the recent swing low the market has formed at 17637 level.
About the fake breakout - The price level it broke has hardly respected once. If the price has respected that level 2-3 times and then if it breaks it and comes back into range then we may call it a fake breakout or if it has broken the previous swing low then we can consider it as a fake breakout.
Since none of the above mentioned has happened its just be a another swing high and market is still in up move.
Above concept is done.
Now on Friday market has formed a new swing high 17830 level and major swing low is 17637 levels. If price can go past 17835 on Monday then swing low will be shifted to 17723 levels.
Then why I post shorting trades in the Ideas?
I try to plan my trades at the extremes (at swing lows and swing highs).
There is no point in going long at a swing high unless our stop loss is huge.
That is why in a bull structure I plan to buy at swing lows or I plan to short at swing highs both of them will have small SL and High rewards. Do you agree with me in this aspect?
If we observe our recent market openings, it has opened with gap ups. So I don't want to risk huge SL for limited intraday up move that's why I plan contra trades.
On Monday I will be cautions because SGX Nifty is showing 18000 + and it will make it as a good supply zone.
I will observe the price action in smaller time frames and plan my trade.
The future market direction will be decided at these levels.
--> What we need to observe?
--> Whether the market is accumulating at this level or Distributing at this level.
I have written so much in this ,I will write more based on the response I get from this. I know few of these will be confusing, do let me know If you want to know about particular concepts then I will have Idea about what I should be writing for.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. Your boost and follow is my MOTIVATION.
Bank Nifty Trade Plan.Good Morning Everyone,
Key levels on Bank Nifty
-->Major Supply zone- 41700 - 42000
-->Fib Resistance zone: 41250
-->On Higher Time frames Major Support 39850 level
-->If we observe the volumes on recent swing high i.e., 40700 We can consider this as a decent breakout indicating Bullish behavior
-->Until we get a Closing below 39850 level market will remain bullish .
-->This doesn't mean we can long right now unless you can risk 4000 - 4500 per lot
--> Its always better to wait for retracements and buy on those dips.
-->From 39850 BNF is in up move when this wave is over in smaller Time frame we shall see a correction then we can go long with small SL.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating.
Nifty trade plan 19/10/2022 All the details and key levels are mentioned on the chart.
Without sure confirmation don't enter long on the breakouts .
False breakout and Sell off will be a major scenario.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating
NIFTY Pre Market Analysis 17/10/2022 E3Good Morning everyone,
Keeping SGX Nifty in mind (17070 levels) Lets say Nifty will have a gap down of approx. 100 points
-->Nifty will try to open @ 17060-70 levels
-->We will be almost opening near support zone.
--> Unless it breakdown 17000 level on stays there for min 15 mins there shouldn't be any shorting .
-->After opening,
--> If market shows bullishness like 5 Min range breakout/15 min narrow range breakout then we can go long with Stop losses below the range.
-->Targets would be as mentioned on chart.
-->After opening,
--> If market goes to test 17000 level (good demand zone) ,Here wait with patience if market shows bullishness(forming bullish candles or
breaking previous highs on 5m TF) then we can go long with SL placed below 16950 and the Targets would be same as mentioned on the
chart.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
PLAN FOR EXPIRY MOMEMTUM TRADE !!!!All the levels and details are mentioned on the graph itself
Market is in the range of 90 points
If at all we get a breakout on either side we can see some quick momentum.
The Arrows on either side indicate where bulls and bears are trapped.
When the breakout happens trapped people need to cover their position which can cause some momentum.
In my opinion breakdown and ending below 17390 should get market to days low first.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
My Nifty Overview //Nifty Trend Analysis //ELLIOTT WAVE ANALYSISLook at the bigger picture.
It might be a 5-3-5 corrective pattern(ABC) or 3-3-3 corrective pattern (WXY).
If Nifty crosses 17135 recent swing high then it will be a buying opportunity in intraday basis. Targets of 17330
If Nifty crosses 16997 recent swing low then it will be a selling opportunity in intraday basis. Targets of 16800
Please do not take a trade just after the breakout wait for the price to reach its demand zone (for upside) to go long &
wait for the price to reach its supply zone (for downside) to go short.
This will ensure stop loss will be less and reward will be more.
Visualising victory for Ukraine and oil pricesBack in February, when Russia launched its invasion of Ukraine, a victory for Kyiv would have been almost impossible to imagine. It's the classic David and Goliath. Recent developments on the battlefront, however, are starting to paint a different picture, showing the possibility of Ukraine ending the conflict with a win.
On paper, the war is just between Ukraine and Russia. Its implications, on the other hand, knew no bounds and it demanded to be felt across the globe bringing about economic uncertainties and causing supply chain disruptions. While it did not start the energy crisis, the invasion surely made the situation worse.
Nearly seven months into the war, people are hoping it will be over soon. Along with these hopes is the dream that the underdog (and innocent party) will claim the victory.
Win for Ukraine
Earlier in September, Ukrainian forces managed to recapture swaths of lands in the country's northeast that a few months earlier have been taken over by Russia. Considering this and the possibility that China's tacit support for Russia could be waning, it seems like momentum is on the side of Ukraine.
If that indeed happens, it could mean good things not just for Ukraine but probably for the rest of Europe. Orysia Lutsevych, in an opinion piece for The Guardian, wrote that a victory for Ukraine is vital for Europe to be able to live in peace and work collectively to meet global challenges. Considering the support that a majority of the remainder of Europe and countries in other parts of the world have thrown behind Ukraine, defeat would further entice Russia to flout international law and the sovereignty of other nations.
"The restoration of Ukrainian territorial integrity and, ultimately, peace will mean the collapse of Putinism as a doctrine and an end to Russian claims to territorial dominance elsewhere in eastern Europe and Central Asia," Lutsevych added.
On the other hand, a victory for Russia would validate the country's aggressiveness and fuel its desire to further expand its territory. Russia uses newly conquered territories to stage further conflicts and a Ukraine victory would prevent that from happening. Aside from preventing future wars, a victory for Ukraine is also expected to reduce the risk of a mass famine and even restore the stability of economies that have been affected by the sanctions imposed on Russia for instigating the conflict.
What happens to oil when Ukraine wins the war?
When the war started, the price of oil surged past the $130 per barrel mark for the first time since 2008. The Brent benchmark neared the record high of $147 in March exacerbated by the conflict.
Almost seven months into the war, the prices of oil somehow stabilized and is now at ~$90 per barrel for Brent crude as concerns about weaker economic growth and demand drag prices down.
European countries have also been forced to impose price caps on electricity and oil and come up with new taxes for energy companies in order to support their people amid the ongoing energy crisis in the region. Many countries have also started finding alternative energy sources to compensate for the supply cut off from Russia.
Russia has been using the energy crisis as another ploy in its grand battle scheme. Earlier in September, Vladimir Putin said: "We will not supply anything at all if it is contrary to our interests. No gas, no oil , no coal, no fuel oil , nothing."
The potential impacts to the energy market of a Ukraine victory would depend on how Russia will take its defeat. Will it be a gracious loser and choose to capitalize on rebuilding bridges with countries that have been beneficiaries of its supply or a petty loser that will continue to lock in supply for it to use and to sell to select buyers who are probably allies and supporters?
MAXHEALTH : Convergence within 2%MAXHEALTH: On consolidation from past few days & currently 20/50/100/150/200 SMAS are within 2% of current close.
Add to watchlist and wait for breakout.
2022-07-15: SMA 20/50/100/ 150/200 In 2%. Stock is in Squeeze for past 3 days. Candle pattern: Dark Cloud Cover. close is above SMA 20 on D/W/M time frame. The monthly trend is +ve & Weekly trend Changed to +ve. On Weekly time frame, SMA13>SMA34>SMA 55 & Close crossed W SMA13 Upside
2022-07-19: SMA 50 crossed SMA 100. Close Cross WK & M-Pivots Upside. SMA 13 Crossed SMA 55 on a Daily time frame
2022-07-20: Cross Monthly Piv downside and candlestick formation: Dark Cloud Cover. Close Crossed W SMA 13 Downside
2022-07-29: Again SMA 50 crossed SMA 100 -Downside, Crossed Monthly Piv upsde M trend +ve & W trend Change to +ve. Again Close crossed D13, W13 Upside
Momentum is low, still in squeeze, and all SMA's are within 2% (Convergence).
Add to watchlist and wait for a breakout.