Weekly Breakout Soon in IDFCFIRSTB ? In weekly Time Frame RSI broken out In IDFCFIRSTB , Price taking support at fib 0.5 Level and we can see breakout of trendline Soon. Can go till 100,110 in coming weeks.
Longsetup
EURUSD: Sellers are in profit!EUR/USD remains in a daily range above 1.0700 during the European session on Tuesday after closing in positive territory on Monday. Mixed ZEW sentiment data from Germany and the Eurozone makes it difficult for the Euro to find demand as the focus shifts to US data.
Looking from the technical picture, the downward momentum is kept intact with the trend still favoring sellers and the EMA 34, 89 remaining stable.
Wishing you happy trading!
GBPUSD: Maintain price on TrendlineHello everyone!
Looking at the chart, GBPUSD is currently moving along the trendline. Despite yesterday’s significant drop, the outlook still favors the bulls as long as the trendline remains intact.
However, keep an eye on the trendline's limits. If the price breaks through, it could provide a good entry point for trades.
Happy trading, everyone!
What's changed in the gold price in the new week?Hello, let's analyze today's gold price!
In the chart, although gold on Friday had a strong recovery of nearly 300 pips, in the long term it is still in a downtrend with the price channel remaining stable.
Regarding the target and upcoming direction: From technical analysis, I expect the price to decrease more after the adjustment reaches the upper limit of the price channel.
The target is 2280 USD.
And you, what are your thoughts, do you think gold will increase or decrease this week?
SUVENPHAR (A good trade)It has given a good breakout , retest is also done. Enter before big volumes comes in.
Update the latest gold price today!Today, gold has decreased slightly by 10 USD, currently trading around 2315 USD. This comes as the US Dollar tumbled following the release of much-anticipated economic data. Gold's short-term downtrend continues.
Technical analysis:
Trendline Break: From a technical standpoint, gold has broken above its trendline, signaling continued bearish momentum.
EMA Confirmation: The bearish outlook is further supported by gold trading below the 34 EMA and 89 EMA.
Price Target: The next important level to watch is $2300, which remains the desired target in this downtrend.
What do you think about gold's movement? Are you expecting the next decline or do you see a potential turnaround? Let's discuss!
INDIA CEMENTS, Trend Line Breakout on the Daily ChartNow we have a breakout of the trend line which the price has been following since January 2024.
Important Levels
R1-233 | R2-265
S1-214 | S2-200
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
BERGER PAINT, Double Bottom Pattern is formed on the Weekly TFDouble Bottom Pattern with a Confirmation Candle.
The price could test the level of R1-533 and if broken then R2-620
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Gold price today: Continuous increase of nearly 300 pipsHello everyone, yesterday gold experienced a quite significant recovery. At the beginning of the session, gold traded stably, but near the end of the session, this metal quickly increased and recovered more than 280 pips. Currently, gold temporarily closed at 2332 USD and increased about 1.24% during the day.
Accordingly, gold prices increased despite the USD index anchoring at a high threshold. Although under some pressure, the fact that gold is still above 2,300 USD/ounce proves that buyers still actively consider the adjustment and price decrease as Good opportunity to increase gold holdings.
Gold price today: Recover more than 100 pipsHello everyone! What do you think, where will gold close today?
In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300.
Looking at the 1-hour chart, I’ve observed that gold has rebounded over 140 pips. It seems to be targeting the $2323 level, with the next resistance around $2338.
That's my take. What about you? Do you think gold can reach these targets, or will it pull back again? Let me know your thoughts in the comments!
COFORGE, Technical OutlookThe price has given the breakout of the resistance R1-5,313 and of the LTMA band.
The price could test the higher level of 6378.45.
Also RSI is above 60.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
ICICIPRUL, Break of StructureTrend - Positive
Signal - Break of Structure
CMP:581
R1:604.65
Demand Zone - 575 to 581
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Gold Price reduced at the end of the trading session!Hello everyone, today the price of gold continues to trade around the psychological level of 2300 USD.
Accordingly, gold was not beyond my prediction when it approached 2300 USD to receive new resources around this support area. After the Fed's above announcement, gold lost its inherent momentum, causing the number of investors buying to decrease significantly.
Not only that, the gold market also witnessed strong selling momentum after the US Bureau of Labor Statistics announced that the consumer price index (CPI) in May remained high, the main reason why the Fed extended the Delay interest rate cuts.
Gold price forecast:
-In terms of market psychology as well as news: negative reaction to monetary policy and pressure from the rising USD, weaker buying demand from China makes it difficult for gold to increase in price during this time.
- Technically: Gold is in a downtrend, the price moves below the resistance level and the Trendline line decreases. The price is affected by the EMA 34, 89 which is still beneficial for selling momentum. The reduction target to the support level of 2288 USD is again targeted in the short term.
EURUSD: Prioritize the downtrend!Hello fellow EURUSD trading lovers!
Today, we see EURUSD continuing its downtrend, with the price currently hovering around 1,080.
-Market summary:
Yesterday's developments: After this news, EURUSD quickly skyrocketed and filled the gap but could not maintain a long-term increase.
Technical outlook:
Price Pattern: The pair is trading in a narrowing wedge pattern, characterized by lower highs and lower lows.
Short-term forecast: With these technical signals, EURUSD will likely continue to decline in the near future.
I'm more inclined towards sales. What is your view? Do you see more opportunities on the downside or do you have a different view? Share your thoughts!
Today's Gold Price Update: A Continued DowntrendGold prices today continue to face downward pressure, currently trading around $2314, losing 0.45% for the day with a drop of over 100 pips during the early Asian trading session.
Despite a strong rally last night that pushed gold close to $2350, the precious metal couldn't maintain its recovery. This was despite the U.S. Dollar weakening after the U.S. released its economic data.
The USD took a hit after the U.S. Consumer Price Index (CPI) for May showed a faster cooling than economists had anticipated. The CPI remained flat after a 0.3% increase in April, while the forecast was only for a 0.1% rise.
Gold Price Forecast:
News Perspective: The Federal Reserve is expected to implement two rate cuts this year, with an 80% chance that the first cut will happen in September. This scenario typically leads to a weaker USD, which could benefit gold prices.
Psychological and Technical Perspective: From a technical standpoint, gold remains in a downward channel. In the short to medium term, the market sentiment still favors selling gold. The EMA and trendline indicators continue to support the bearish outlook for gold.
Key Points:
Current Price: $2314, down 0.45% for the day.
Support and Resistance: Unable to sustain gains around $2350.
Economic Data Impact: USD weakened after lower-than-expected CPI data.
Fed Rate Cuts: Expected to cut rates twice this year, with the first likely in September.
Technical Indicators: EMA and trendline favor continued bearish movement.
Stay tuned and watch for how these factors play out in the coming days. What’s your take on the current gold trend?
EURUSD trading strategy! The selling trend is still strong!Hey everyone,
What are your thoughts on EURUSD today?
Looking at the 4-hour chart, EURUSD is currently in a recovery phase. The pair is filling the GAP and completing a retracement to the 0.5 - 0.618 Fibonacci levels. As of now, the price is sitting at 1.0759, reflecting a 0.05% increase for the day.
It's expected that after completing this retracement, the price might resume its downward trend, just as illustrated on the chart!
What’s your take on this? Let’s discuss your insights in the comments below!
Should we buy or sell EUR/USD today?Dear friends!
Currently, EUR/USD is flat, staying just below the 1.0750 level during Wednesday's Asian session. With upcoming US CPI data and Federal Reserve policy announcements, it is best to avoid placing new bets on this currency pair until we see how these events play out. They are likely to significantly influence the performance of the US Dollar.
If the downtrend continues, EUR/USD could first target the June low of 1.0719 and could then fall deeper to 1.0649.
XAUUSD: Waiting for a new selling opportunity from FOMCHi everybody,
In today's trading session, gold prices increased slightly. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting starting this morning (June 12) could push gold prices down.
While demand from bargain hunters has boosted gold prices, gains have been limited by a strong US dollar.
Recent positive economic news from the US suggests the Fed may continue its current monetary policy for longer. Additionally, with several major central banks having already cut interest rates and possibly further cuts in the coming months, the dollar remains high and could rise further, putting pressure on gold.
Stay tuned to see how the market behaves in the coming days!
LONG SETUP IN MAZGAON DOCKA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:MAZDOCK
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Flag and Pole
Technical Indicator :- Positive MACD Crossover
📊 Equitas Small Finance Bank Analysis - Week Starting 19th FebNSE:EQUITASBNK
Last Closing Price: 💵 107.20
50-Day Moving Average: 📈 Crossed Over @ 406.52 (Short Term Bull Run)
EMA & MA Crossover: 🔄 Pending @ 104.00 & 102.62 (Bullish Trend Re-establishment Expected)
Parabolic SAR: ✅ Bullish @ 99.00
Fibonacci Levels:
Closed Above 📏 0.382 @ 106.05
Next Target 🎯 Above 0.50 @ 108.05 (Strengthening Buy Signal)
MACD:
Signal Value: 📶 1.28
MACD Value: 📈 1.31
Stochastic RSI: 🔄 K58.67 ➡️ D32.73 (Bullish Crossover)
%R (Williams Percent Range): 📈 Upper Band @ 7.87
Fisher Transform: 🐟 Positive @ 1.42, Trigger @ 2.53 (Bullish)
🎯 Targets:
First Target: 🎯 110.15 (Fibonacci 0.618 Level)
Second Target: 🎯 112.95
🛑 Stop Loss: ⚠️ 99.60 (Fibonacci 0 Level)
⚠️ Disclaimer: This content is provided for informational purposes only. It is not intended as financial advice. Trading involves risks and is influenced by external market conditions. Conduct your research or consult a financial advisor.
#EquitasSmallFinanceBank #TechnicalAnalysis #StockMarket #NSE #TradingView #Investing #Finance #Stocks #BullishTrends #TradingSignals #MarketAnalysis #FibonacciLevels #StochasticsRSI #MACD #ParabolicSAR
Gold→ Cause of decline. Can gold fall even lower? 2265Traders! Gold is making new lows and there are a number of reasons for that. Price after Friday's sell-off is returning to the downtrend boundary, which determines our medium-term outlook.
So why is gold falling? The market is negatively affected by the strengthening of the dollar, due to positive Nonfarm Payrolls for the US market, which usually shapes the medium-term mood for the market. Traders also turned bearish on news regarding China's Central Bank suspending global gold purchases.
Technically, it is very likely that the downtrend on H1 will continue.
Resistance levels: 2300,2315
Support levels: 2291, 2267
I expect local strengthening ahead of the next decline. Traders may attempt to buy back some of the decline (collect liquidity) before further testing support with a view to a breakout.
Gold price today: Costed the price of 2300 USDThe current situation:
On June 11, 2024, gold price is trading around the psychological level of 2300 USD/ounce, increasing significantly compared to the previous closing. This increase takes place in the context of weakds of the dollar and the yield of bonds decreases slightly.
Impact factors:
-Global monetary and economic policy:
Investors are expecting monetary policy decisions from the US Federal Reserve (Fed) this week. It is forecast that the Fed can keep or cut interest rates that weaken the dollar, creating favorable conditions for the increase in gold prices
-Safety and investment bridge:
Gold benefits from the role of safe shelter in the context of economic and financial instability. With concerns about global economic growth and fluctuations in the stock market, investors are looking for gold as a safe investment option.
Forecast in the short term, gold prices are likely to maintain an increase trend if the support factors such as the dollar weakened and the bond yields decreased.
From the technical analysis:
Currently, the latest support threshold of gold is about 2310 - 2315 USD/ounce. Strong resistance threshold is determined at 2,385 USD/ounce. The breaking of this resistance threshold can bring gold to higher levels in the coming time
Update gold prices every day of the weekFundamentally, gold is under dual pressure from both the US and China, which are noted as two very important fundamental impacts on gold prices.
On the one hand, gold prices are under pressure because US macro data boosts market sentiment in favor of the possibility that the Fed will have to keep interest rates high for a longer period of time, which is beneficial for the USD and metals. unattractive quarter.
On the other hand, China stopped buying gold after 18 consecutive months of buying, also making the market worried about profit-taking time. It is also possible that this will help the gold price adjust down so that the Central Bank of China can continue to buy at a better price, because they just stopped and did not sell. However, we (short-term traders) will be affected by this because it creates surprises in the market.
There is nothing new in the geopolitical situation, so for the time being, we basically need to pay attention to US data and China's gold buying activities to quickly orient to changes without facing many uncertainties. doubt.
Plan to trade on June 10
👨💻 XAUUSD SELL zone 2335 - 2337
🔹SL 2340
🔹TP 2330 - 2320 - 2310
In addition, Buy Scalping bets will be updated continuously, so please follow the group to earn the best profits ❤️❤️
Wishing you Full City
