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Gold Weakens Further as Market Awaits Fresh CatalystsGood morning, traders! In the early hours of Friday's trading session, gold continues to weaken, losing over 12 pips. This decline reflects a temporary pause from bullish investors as they seek new drivers for upward momentum. From a technical perspective, the chart shows that while long-term bullish momentum remains intact, the current pullback appears to be nearing its conclusion. Support is forming around the $2,566 zone, followed by $2,630. In the short term, gold may experience further declines as the market awaits directional clarity from news expected later in the day. On the other hand, the long-term bullish trend remains a favored bet, with key upside targets marked clearly on the chart. Happy trading, and may your trades be profitable! Don’t forget to leave a like and share your thoughts about the outlook for this precious metal. Cheers!
OANDA:XAUUSDLong
by Bo-Samson
3
TRENT Stock: Key Levels, Trends, and Trading StrategiesTrend Analysis Primary Uptrend: The stock has been following a strong upward channel, as shown by the blue trendlines. Over the past months, the price has consistently respected these trendlines, indicating strong investor confidence and sustained buying pressure. Current Channel Movement: The price is trading within a secondary ascending channel, showing shorter-term consolidation within the broader trend. This setup suggests that while the uptrend remains intact, the stock is in a phase of measured growth. Key Levels Support Levels: ₹6,688.75: A critical near-term support level, highlighted in red. This level aligns with the lower boundary of the short-term channel. ₹6,353.25: The major support level that the price must hold to sustain the broader uptrend. Resistance Levels: ₹7,081.15: A key resistance zone, which the stock has been testing recently. ₹7,234.70 and ₹7,445.10: Further resistances that could come into play if the stock breaks out above ₹7,081.15. ₹7,644.10: The ultimate resistance in the current setup, beyond which the stock could experience strong bullish momentum. Volume Analysis: A noticeable volume spike occurred during the last leg of the uptrend, signaling strong accumulation by investors. Current volume trends are more subdued, suggesting a period of consolidation, which often precedes a breakout. Key Observations Bullish Flag Formation: The stock is forming a bullish flag, a continuation pattern that often leads to further upside. A breakout above ₹7,081.15 could confirm this pattern. Potential Scenarios Bullish Case: If the stock breaks ₹7,081.15 with strong volume, it could rally toward ₹7,234.70 and eventually ₹7,644.10. Bearish Case: If the stock breaches ₹6,688.75, the next support at ₹6,353.25 will be crucial to watch. TRENT stock exhibits strong upward momentum, making it an attractive option for traders. A breakout above ₹7,081.15 could signal further gains, while buying near ₹6,688.75 support levels offers a favorable risk-reward setup. As always, implementing strict stop-loss levels and sound risk management is crucial to handle potential market volatility effectively.
NSE:TRENTLong
by ayusharya_001
EUR/USD: Bearish Pressure IncreasesEUR/USD marked its second consecutive day of gains, extending its recent breakout above the 1.0500 level in response to the US Dollar's uncertain stance ahead of key US data releases later this week. The 4-hour chart indicates that technical risks remain tilted to the downside, as the pair continues trading below all its moving averages. These averages maintain a bearish slope, creating dynamic resistance around the 1.0560 level. Meanwhile, technical indicators remain within negative territory, lacking clear directional strength. In the short term, and according to the 4-hour chart, EUR/USD appears poised to extend its decline. The pair is trading below the bearish-moving averages, encountering sellers near the EMA 34 and 89 levels. Finally, technical indicators are neutral-to-bearish, positioned below their midlines, supporting the extension of the downtrend without providing a definitive confirmation. Support levels: 1.0465, 1.0420, 1.0370 Resistance levels: 1.0560, 1.0625, 1.0660
Short
by Bo-Samson
XAUUSD todayHello dear friends, it's Samson here! Gold prices continue to consolidate within a familiar range, as the market awaits a fresh catalyst to drive the next decisive move. What’s in store for gold, and what scenarios could unfold? At the moment, sellers have hit the pause button, keeping an eye on key events like Federal Reserve Chair Jerome Powell’s remarks, U.S. employment data, and the all-important CPI report. These indicators will shape expectations for the Fed's policy outlook. According to the CME FedWatch Tool, traders are currently pricing in a 74% chance of a 25-basis-point rate cut at the upcoming Fed meeting. However, nothing is set in stone, and until clear signals emerge, the market may remain locked in consolidation mode. On the technical front, gold could build bullish momentum to test significant resistance levels amid favorable news. However, if prices break below the critical support at 2636 and sustain that position, a bearish wave could gain traction sooner than anticipated. This is a pivotal moment for XAUUSD, as the market balances between anticipation and action. What’s your take on the current setup? Let’s discuss your thoughts, forecasts, or any questions you have—together, we can navigate these shifting dynamics!
OANDA:XAUUSDShort
by Bo-Samson
3
Supriya Lifescience Ltd. (SUPRIYA): Flag Breakout OpportunityKey Points: Pattern : Clear Bullish Flag breakout on daily chart. Entry : Ideal buy point at ₹804 after breakout confirmation. Stoploss : Set at ₹745 to protect against downside. Targets: 833 INR 862 INR 891 INR 922 INR 948 INR 977 INR Risk-Reward : Offers a potential reward up to 173 INR with a risk of 59 INR. Considerations: Volume spike on breakout necessary for validation. Always review market conditions and company fundamentals.
NSE:SUPRIYALong
by raigvivek
KIRIINDUS (Kiri Industries Ltd.): Bullish Flag BreakoutSetup: Pattern: Kiri Industries has formed a Bullish Flag on the daily chart, signaling a potential continuation of the prior uptrend. Breakout: The stock has recently broken out of its consolidation phase, confirming the flag pattern. Entry Strategy: Buy at: 613 INR. Wait for a confirmation close above the flag's resistance for entry. Risk Management: Stoploss: Set at 554 INR, positioned below the flag's lower trendline. Profit Targets: 1st Target: 644 INR 2nd Target: 670 INR 3rd Target: 702 INR 4th Target: 729 INR 5th Target: 760 INR 6th Target: 788 INR Risk/Reward: Risk : 59 INR (Entry - Stoploss) Rewards: Ranging from 31 INR to 175 INR, offering a strong risk-reward profile. Notes: Volume Confirmation: Ensure the breakout volume is higher than average to validate the setup. Market Context: Consider the sector and broader market trends for added confidence. Fundamentals: For long-term holds, review company fundamentals. This setup provides traders with a clear plan for entering, managing risk, and aiming for multiple profit levels. However, always adapt your strategy to real-time market conditions.
NSE:KIRIINDUSLong
by raigvivek
EUR/USD: Bearish Signals Strengthen Near Key ResistanceWhen observing the 4-hour chart, we can see that the EUR/USD pair is hovering near a strong resistance zone (marked in red). This is a region where selling pressure has significantly increased during previous trading sessions, making it difficult for the price to break out. In this context, the signals for a potential bearish trend are becoming increasingly evident. One notable factor is the position of the EMA 34 and EMA 89 lines. With the price trading below both moving averages, they are acting as dynamic resistance levels, pushing the price lower each time it attempts to recover. This further reinforces the view that selling pressure continues to dominate the current market. Additionally, the previous downside gap has yet to be filled, which is often a technical indication that bearish pressure remains. As the price approaches the resistance zone of 1.0550 - 1.0560, the likelihood of rejection from this level is high, especially in the absence of strong buying momentum. If the price fails to break through this resistance zone, the possibility of a decline to lower support levels opens up. The nearest support is located at 1.0487, but a more prominent target lies in the 1.0420 - 1.0400 range. This is a critical support zone that could serve as a stopping point if the bearish trend continues. Based on this analysis, a bearish trading strategy should be approached with caution. Traders may consider entering a sell position around the 1.0550 - 1.0560 resistance zone, with take-profit targets at 1.0480 and 1.0420, respectively. A prudent stop-loss level would be above the resistance zone, around 1.0575, to minimize risk. Overall, the market is currently leaning toward a bearish outlook, but waiting for clear reactions at the resistance zone is crucial to ensure trades are executed at optimal levels. This approach provides greater security in a market that remains potentially volatile.
Short
by Bo-Samson
GBP/USD: At a Crossroads - Will the Bears Take Over?Hello, brilliant traders! What’s your take on the current trend of GBP/USD? Let me break it down for you with a detailed analysis on the daily timeframe to give you a broader perspective. At the moment, GBP/USD remains firmly in a long-term downtrend, trading around the 1.269 level. This aligns perfectly with signals from the EMA 34 and EMA 89, both indicating a potential reversal on the horizon. It's clear that key technical levels are coming into play, demanding the market’s full attention. Following the recent corrective rally, GBP/USD appears poised to test resistance near the 1.287 level. This could be a prime opportunity for sellers to step in and drive the pair lower, especially given the prevailing dominance of the long-term bearish trend. The chart analysis I’ve shared illustrates this outlook in more detail. Looking ahead, fundamental factors could further shape the direction of this pair. Hawkish remarks from Fed Chair Jerome Powell and robust U.S. economic data may pile additional pressure on GBP/USD, possibly pushing it below the critical 1.225 support level. On the flip side, a dovish tone from Bank of England Governor Andrew Bailey could cap any upward moves, leaving the pair vulnerable to further downside action. The market is at a pivotal point, and I’d love to hear your thoughts on GBP/USD! Share your insights in the comments below, and let’s discuss where we think this pair is headed next. Wishing you smart trading and plenty of opportunities ahead!
Short
by Bo-Samson
Update XAUUSDSpot gold prices continue to rise as the US dollar weakens, making it more affordable for holders of other currencies to purchase gold. Meanwhile, crude oil prices unexpectedly surged to $70 per barrel, adding upward momentum to gold’s price trend. Another contributing factor is the announcement of martial law in South Korea. This has sparked concerns among financial investors about potential instability in the country, which could impact commodity prices and international currency markets. Consequently, many have increased their gold purchases as a safe-haven asset. These factors are fueling gold prices to climb further today.
OANDA:XAUUSDLong
by Bo-Samson
GOLD--> The bears are gaining strength! Next target: 2600OANDA:XAUUSD is declining after a false breakout of the resistance range. The fundamental backdrop is mixed and still does not allow for a clear medium- and long-term strategy to be formed. But!... Trump's tariff policy and rising geopolitical tensions are influencing metal prices. Against the backdrop of a strengthening dollar and expectations of a Fed rate cut, gold prices are declining and confirming the market's structure. Looking ahead, all eyes will be on U.S. employment data as the country will release multiple job-related figures ahead of the Non-Farm Payrolls (NFP) report on Friday. From a technical standpoint, we have a trend to watch after leaving the rising channel support and the 2636 area, reflecting the prevailing bearish sentiment. A breakout below 2636 could trigger aggressive selling against the backdrop of a newly strengthened dollar. However, the possibility of a retest of the area of interest before continuing the downward trend cannot be ruled out. Gold prices are expected to decline and reach levels of 2610 and 2596, respectively.
OANDA:XAUUSDShort
by Bo-Samson
GBP/USD Outlook: Navigating the Approaching ReversalHello dear readers, Today, let's delve into a detailed analysis of the GBP/USD chart to identify key points that might influence our investment decisions in the coming period. The current chart presents some intriguing technical signals that we should monitor closely. Overall Assessment: The 4-hour chart for GBP/USD is showing an upward trend, but the price is currently approaching a significant resistance area. This is a point where many traders might consider taking profits, which could introduce selling pressure at these higher levels. EMA Lines and Current Signals: The price is trading between the EMA 34 and EMA 89, with the EMA 34 approaching from below and possibly providing support if prices start to decline. The intersection of these EMAs could be a crucial signal for identifying a potential change in trend. Potential for Reversal: As the price nears this strong resistance zone, there is a possibility that it will test and possibly retreat from this level. If this occurs, we might see the price execute a pullback towards the nearest support line, formed by the ascending black trendline. Predictions and Strategy: If the price fails below the resistance and the EMA 34 does not hold as support, we could witness a more substantial price drop. The next target could be the lower support level of the ascending channel, where the price may find momentum for a recovery. Personal Insight: Given the current scenario, I would advise investors to closely watch the current resistance area and prepare for the possibility that the price could decline after touching this zone. Stop-loss orders should be cautiously placed to protect capital from potential volatility. For those looking to capitalize on a downward trend, waiting for a reversal confirmation before placing sell orders could be a prudent strategy. Wishing all our readers successful trading and stay tuned to market developments to seize beneficial opportunities.
Short
by Bo-Samson
EUR/USD Analysis: Bearish Forecast After Short-Term PullbackDear Readers, Today, let’s dive into the technical analysis of the EUR/USD currency pair and consider the possibility of a pullback scenario before the main downtrend continues. Resistance Zone and Pullback Potential: The strong resistance zone marked in pink on the current chart is the point at which EUR/USD has failed to overcome in recent attempts. This represents strong selling pressure at higher prices. In the short term, a pullback could occur when the price approaches this resistance zone again, attracting investors looking for an opportunity to sell. Support Line and Downtrend: The main support line, drawn in black, has kept the price from falling further since late November. The price has bounced from this support line a few times, but a pullback to the above resistance zone could be just a temporary sign before the main downtrend continues. EMAs and Price Action Prediction: EUR/USD is currently trading between the 34 EMA and the 89 EMA, representing a temporary balance between buyers and sellers. A pullback could see the price approach or break above the 34 EMA before selling pressure returns, resulting in a fresh decline. Personal View: After the pullback is complete and the resistance level is not broken, EUR/USD is likely to resume its downtrend. The price could fall to the next support level at 1.04245 and could continue to fall to 1.03838. Traders should consider establishing short positions as the price approaches the resistance, with carefully placed stop-loss orders to protect capital. This could be a good opportunity to ride the long-term downtrend without getting caught in short-term rallies.
Short
by Bo-Samson
Gold --> Interest in this metal is growingGold continues to hold strong as the dollar faces a correction, with liquidity gradually diminishing. Friday’s trading in the US could play a pivotal role in shaping market dynamics. On the H1 timeframe, gold remains firmly within the boundaries of a local bullish channel, driven by the dollar's weakness, which stems largely from the ongoing inflationary environment. Adding to this momentum, the Federal Reserve's dovish stance on interest rate policy continues to act as a tailwind for gold prices. However, this factor appears to be taking a backseat for now. Meanwhile, the market spotlight is shifting toward the policies of the new US administration, which are expected to bring significant changes to the global economic landscape. These shifts could push central banks to bolster their gold reserves, potentially igniting a surge in central bank gold trading activity. With the fundamentals aligning for a bullish trend—supported by an ascending channel and strong macroeconomic factors—buying opportunities dominate the strategy. Ideal entries lie around the support zone (aligned with FVG levels) or upon a confirmed breakout above the resistance level. Price targets? Gold's climb toward 2678 and 2694 is drawing closer, signaling an exciting rally ahead!
OANDA:XAUUSDLong
by Bo-Samson
4
Indiamart Again - Low Risk SetupCMP 2344 on 01.12.24 1. In recent sessions, the stock has formed a cup & handle pattern. But could not give a breakout of the formation. 2. At present, tested the lower level of HANDLE and formed a Double Bottom Pattern & gave a bounce back too. 3. If the momentum continues, may go into a bullish phase. 4. MACD is showing a reversal too. 5. The risk-reward ratio is quite good at the moment. NOTE - The above illustration is my own view, shared here only for learning and observation purpose. it is not a bit of trading advice in any form. All the best.
NSE:INDIAMARTLong
by anandlive
6
USDJPY: Approaching Key Support at 150.000USDJPY is trading around 150.038, testing the critical support level at 150.000 after a sharp decline. The EMA 34 (152.215) and EMA 89 (150.899) act as strong resistance, limiting recovery momentum. If this support level is breached, the price may continue to drop toward the 148.000 zone, a significant previous low. Conversely, if the 150.000 level holds and the pair breaks above the EMA 34, USDJPY could target the 152.000 resistance level. News of the ceasefire in the Middle East has reduced safe-haven demand, putting pressure on the Japanese Yen, while the US Dollar remains strong due to high US Treasury yields. Traders should closely monitor these levels to adjust their strategies accordingly.
Long
by Vanna-Cris
EURUSD: Bullish Signals but Facing Major ResistanceEURUSD is currently trading around 1.05692, showing a slight recovery from recent lows, with the EMA 34 providing dynamic support and the EMA 89 acting as a key resistance level. Price action indicates short-term bullish signals, but the strong resistance at 1.06500 could pose a significant challenge. If this level is breached, EURUSD may extend its upward momentum towards higher targets around 1.07000. Conversely, failure to hold above the EMA 34 could see selling pressure push the price back to test support at 1.05200 or lower. News of the ceasefire in the Middle East is reducing safe-haven demand, supporting a stronger USD, which in turn is pressuring EURUSD.
by Vanna-Cris
Gold--> Trade inside from channel boundaryHi guys, Gold prices inched slightly higher to $2,650 following a breakout, spurred by political headlines, but the broader fundamental landscape remains clouded with uncertainty. Market liquidity is notably thin today due to the Thanksgiving holiday in the United States, leaving the market ripe for sudden volatility. Geopolitical tensions continue to play a pivotal role, with the ongoing Russia-Ukraine conflict maintaining a strong grip on sentiment. Adding fuel to the fire, U.S. President-elect Donald Trump’s proposed tariffs on Canada and Mexico are creating ripples across the market. “This has amplified concerns about potential fallout for these two nations, which in turn provides a key layer of support for gold,” analysts highlight. However, any push to elevate gold prices could face significant headwinds. Trump’s tariff policies, while unsettling, are seen as potential inflationary catalysts, which might force the Federal Reserve to rethink its trajectory of interest rate cuts. This tug-of-war keeps gold traders on edge. From a technical lens, gold is caught in a sideways grind. Traders are eyeing a local H1 channel between $2,660 - $2,618, with the broader D1 range extending from $2,690 (or $2,710) - $2,605. At this juncture, gold seems to be gravitating toward liquidity clusters above current levels. A potential false breakout at key resistance zones, followed by price consolidation in sell-heavy areas, could spell a sharp pullback toward the lower boundary of the sideways range. For savvy traders, this moment is not just about watching the charts but anticipating the narrative. A delicate interplay of technical setups and geopolitical uncertainties makes every move in the gold market an opportunity wrapped in risk. Will gold reclaim higher ground, or will it succumb to the gravitational pull of its range-bound rhythm? The answer lies just beyond the next breakout—or breakdown.
OANDA:XAUUSDShort
by Bo-Samson
GOLD → Controversial fundamental background. What's next?OANDA:XAUUSD capitalizing on the weakening of the US dollar and heading towards the areas of interest and liquidity at 2635 - 2639. But! There are signs that a flag pattern is forming. Theoretically, any attempt for gold prices to rise could be limited. PCE, GDP, and the resistance ahead... Meanwhile, sellers pause slightly amid concerns about trade wars, geopolitical risks, expectations that the Fed will cut rates by another 25 basis points in December, recently declining US bond yields, and the USD falling overnight to a two-week low. However, ahead of the upcoming macroeconomic news from the US, namely PCE and GDP, after a relatively quiet news week, volatility is likely to be unpredictable. The question now is whether the downward momentum will continue as the price reacts to a critical support zone. Technically, gold remains range-bound and is heading towards areas of interest from which a retracement could form. But this reaction also partly depends on the news.... The focus is on the imbalance zone, fibo 0.618 and fibo 0.5. Due to the controversial technical and fundamental background, the gold price may close inside a wide channel, which allows us to use its boundaries for trading. We are watching the resistance with a sell target for further downside
OANDA:XAUUSDShort
by Bo-Samson
2