Short Term Support Zone. Gold (XAUUSD) is experiencing a bullish move today, trading around $2,657 as of October 17, 2024, reflecting a gain of 0.91%. The price action remains volatile, influenced by geopolitical tensions and expectations of upcoming U.S. economic data. The broader trend shows gold consolidating within the $2,636 - $2,675 range.
If it breaks above $2,670, strong resistance may push prices towards the $2,685 level, though a correction remains likely if bearish sentiment strengthens.
Key drivers include anticipation around U.S. inflation data and global market uncertainty, which are likely to continue influencing gold's trajectory.
For short-term trading, watching the $2,654 support level is crucial for assessing potential downward moves.
LONG
Gold Seems BullishGold is currently in consolidation range which seems to be 2668.00 to 2677.100 if it breaks the level of 2677.100 then we can see the levels of 2685 which was the last high and if it hovers there then it will break the resistance level , if price comes to support zone of 2668 to 2666 then we have to wait for the price action confirmation.
7 year consolidation breakout in Godrej Agrovate risk reward 1:5Swing Trade
Buy Godrej Agrovate
Above 765
Accumulate more between(730-750) if falls
Stop Loss: 698
Target 1: 912
Target 2: 985
Target 3: 1056
Target 4: 1129
Target 5: 1165
Risk Reward : 1: 5.5
Duration 3-4 months
Stock has formed W pattern, broken and retest 7 years of W pattern breakout .
Trade as per your risk-taking capacity.
Godrej Agrovate long setup 1:5 Risk Reward
BUY LONG GBPUSDLong position of GBPUSD as its at important support level and there is a rsi divergence and there is low volume in market near this support level also market has previous rejected this level and Fibonacci golden level and now market has again reached this level meaning a reversal in GBPUSD.