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GBPUSD – Stalling at resistance, correction ahead?The market is reacting to a series of strong US economic data, especially the rising expectations for ADP and ISM PMI figures. This has boosted the USD, putting pressure on major currency pairs, including GBPUSD. Looking at the H4 chart, GBPUSD is trading near the resistance zone around 1.35959 while also testing a long-term descending trendline – a level that has previously rejected price multiple times. Notably, although price is still holding above the EMA 34 and 89 support zone, recent candles reflect clear hesitation, suggesting the pair is “stuck at a crossroads.” A reasonable technical scenario: if the price continues to be rejected at 1.35959 and breaks below the EMA confluence and support area at 1.34994, a short-term downtrend may resume. The nearest target would be around 1.34530 – a strong technical support that has held up price in the past.
Short
by Rocky_trade_
Gold Stalls Ahead of Key Trade TalksGold Stalls Ahead of Key Trade Talks – Will Price Explode Out of the 3345–3370 Range? After Monday’s explosive rally, gold is currently consolidating within a tight price range. The market is at a critical juncture, awaiting high-level trade talks between the U.S. and China — an event that could serve as a major catalyst for the next directional move. 🌍 MACRO OUTLOOK & MARKET SENTIMENT A major trade call between Trump and President Xi Jinping is on the horizon. This conversation could reset global trade expectations and potentially trigger large moves in risk assets. Last week’s strong U.S. jobs data (NFP) pushed back expectations of Fed rate cuts. Treasury yields remain elevated, which is temporarily capping gold’s upside. Market sentiment is neutral-to-cautious, with traders waiting for confirmation of a breakout or breakdown before committing capital to new positions. 📈 TECHNICAL ANALYSIS (H1 – EMA 13/34/89/200) Gold appears to be in a wave 4 correction, consolidating after completing wave 3. EMAs remain aligned to the upside (bullish), suggesting the broader trend still favors buyers. Key range: Above 3370 → breakout confirmation → momentum push toward 3400–3410 Below 3345 → breakdown → fast dip to 3310–3300 to complete wave 4 and initiate wave 5 upward 🧭 STRATEGIC ZONES 🔵 BUY ZONE: 3317 – 3315 Stop Loss: 3310 Take Profits: 3322 → 3326 → 3330 → 3334 → 3338 → 3345 → 3350 → 3360 This zone aligns with a strong FVG + EMA89 support. A bullish reaction here could provide a high-probability entry for the next impulsive leg upward (wave 5). 🔻 SELL ZONE: 3372 – 3374 Stop Loss: 3378 Take Profits: 3368 → 3364 → 3360 → 3356 → 3350 → 3345 3370 is a critical resistance zone. Any rejection at this level with weak momentum or divergence could open a short-term bearish correction back toward 331x levels. ✅ SUMMARY Gold is trapped in a decision zone between 3345–3370. The market awaits clarity from macro headlines and technical breakout signals. Until then, traders should watch key levels closely, stay patient, and position accordingly based on price action confirmation at strategic zones.
OANDA:XAUUSDShort
by MMFlowTrading
XAUUSD – Pullback ahead of potential breakout above 3,433The latest forecasts show that both ADP and ISM PMI data in the US are rising, reflecting a stronger-than-expected economic recovery. This has led the market to scale back expectations of an imminent Fed rate cut. As a result, the dollar is gaining strength, putting short-term downward pressure on gold. On the H4 chart, XAUUSD is trading within a consolidation range between two key levels: support at 3,346 and resistance at 3,433. Price was recently rejected at the previous high but has not shown any clear reversal signal. The 34 and 89 EMAs are acting as a technical cushion, keeping the broader bullish trend intact. The scenario to watch: if price continues to stabilize around the 3,346 zone without breaking below, a clean consolidation structure could form. In that case, a breakout above 3,433 would be a confirmation signal for another bullish wave—opening the door to higher targets ahead.
OANDA:XAUUSDLong
by Rocky_trade_
2
MACD Trading part 2MACD full form: Moving Average Convergence Divergence and is one of the most widely used momentum indicators in technical analysis. Gerald Appel was the creator of this indicator at the end of the 1970s. By computing the distinction between two time period intervals, which are a compilation of historical time series, this indicator is used to define momentum and its directional resilience. MACD uses moving averages of two distinct time intervals (most commonly historical closing prices of securities), and a momentum oscillator line is calculated by deducting the two moving averages, which is also known as 'divergence.'
NSE:COALINDIAEducation
by SkyTradingZone
IDEAFORGE TECHNO LTDSwing Trade Alert #IDEAFORGE IDEAFORGE TECHNO LTD - Weekly Chart ■ Breakout Watch: Stock has broken above a long-term falling trendline. ■ Current Price: *561.60 (+6.20%) ■ Resistance Zone: *580-584 (previous swing high) ■ Setup: Trendline breakout with strong volume. ■ Volume Spike: Indicates strong buying interest. ■ Bullish Structure: Forming higher highs and higher lows post bottoming out. Swing Buy Above: *584 ■Target Zones: *640 / €700 ■ Stop Loss: *520 (below recent consolidation)
NSE:IDEAFORGELong
by TechnicalExpress
HINDUSTAN ZINC LTDAs of June 4, 2025, Hindustan Zinc Ltd (NSE: HINDZINC) is trading at ₹468.75, reflecting a 3.44% increase for the day. 📊 Daily Support and Resistance Levels Based on pivot point analysis: Central Pivot Point (P): ₹466.93 Support Levels: S1: ₹459.46 S2: ₹450.18 S3: ₹442.71 Resistance Levels: R1: ₹476.21 R2: ₹483.68 R3: ₹492.96 These levels are derived from standard pivot point calculations and are commonly used by traders to identify potential support and resistance zones. 📈 Technical Overview Trend: The stock has demonstrated strong upward momentum, with a 3.44% increase on the day. Technical Indicators: RSI (14-day): 62.24, indicating bullish momentum. MACD: 7.03, suggesting a positive trend. ADX: 18.90, indicating a developing trend. Stochastic Oscillator: 78.66, nearing overbought territory. Supertrend: 426.69, supporting bullish sentiment. Parabolic SAR (PSAR): 436.97, indicating an upward trend. Volatility: The stock exhibits moderate volatility, with a beta coefficient of 1.10. 🔍 Additional Insights Hindustan Zinc Ltd has shown a strong bullish trend in recent sessions. The RSI and MACD indicators suggest continued upward momentum, while the proximity to resistance levels warrants cautious optimism. Traders should monitor these levels closely for potential breakout or reversal signals. Please note that stock prices are subject to market risks and can change rapidly. It's advisable to consult with a financial advisor before making investment decisions.
NSE:HINDZINCLong
by TechnicalExpress
2
Gold Holding Strong Looks Like It’s Building Power AgainPrice appears to be consolidating just above the breakout trendline, forming a new bullish base between 3350–3365 on the daily timeframe. This is a healthy sign ,it indicates that buyers are absorbing supply and not allowing price to fall back into the old range. As long as this consolidation holds, the setup remains bullish, with upside potential still targeting 3445 and then ATH at 3500. If we get a decisive breakout above ATH, we might see a continuation rally. However, if a double top starts forming there, it will be time to book partial profits and wait for confirmation. For Invalidation Level: I am Watching the 3380–3390 zone closely (Monday’s low). A strong move below this level could signal a failed breakout and invalidate the current bullish structure.
OANDA:XAUUSDLong
by TheGoldenCircle
GARDEN REACH SHIP&ENG LTDAs of June 4, 2025, Garden Reach Shipbuilders & Engineers Ltd (NSE: GRSE) is trading at ₹3,150.50, marking a 6.22% increase for the day and reaching a new 52-week high . 📊 Daily Support and Resistance Levels (Pivot Point Analysis) Based on the latest pivot point data: Central Pivot Point (P): ₹3,100.97 Support Levels: S1: ₹3,013.24 S2: ₹2,875.97 S3: ₹2,788.24 Resistance Levels: R1: ₹3,238.24 R2: ₹3,325.97 R3: ₹3,463.24 These levels are derived from standard pivot point calculations and are commonly used by traders to identify potential support and resistance zones . 📈 Technical Overview Trend: The stock has demonstrated strong upward momentum, with a 15.15% increase over the past week and a 64.35% rise over the past month . Volatility: GRSE exhibits high volatility, with a beta coefficient of 3.08, indicating that the stock is more volatile than the market average . Relative Strength Index (RSI): The 14-day RSI stands at 75.78, suggesting that the stock is in overbought territory, which may precede a price correction . 🔍 Additional Insights Recent technical indicators suggest that GRSE is experiencing strong bullish momentum. However, the elevated RSI indicates that the stock may be overbought, and investors should be cautious of potential short-term corrections. Please note that stock prices are subject to market risks and can change rapidly. It's advisable to consult with a financial advisor before making investment decisions.
NSE:GRSELong
by TechnicalExpress
1
SERVOTECH REN POW SYS LTDAs of June 4, 2025, Servotech Renewable Power Systems Ltd (NSE: SERVOTECH) is trading at ₹147.26. 📊 Daily Support and Resistance Levels Based on the latest technical analysis: Support Levels: S1: ₹131.12 S2: ₹114.98 S3: ₹106.54 Resistance Levels: R1: ₹155.70 R2: ₹164.14 R3: ₹180.28 The central pivot point is at ₹139.56. 📈 Technical Overview Trend: The stock has exhibited strong upward momentum, with a 19.39% return in one day, 13.95% over the past month, and 33.27% in the last three months. Technical Indicators: The Relative Strength Index (RSI) is at 82.637, indicating overbought conditions. Other indicators like MACD and ADX suggest a strong bullish trend. Volatility: The stock has shown average daily movements with good trading volume, indicating medium risk. 🔍 Additional Insights Servotech Renewable Power Systems Ltd recently garnered attention due to significant developments, including a visit from Errol Musk, which may have influenced investor sentiment. Please note that stock prices are subject to market risks and can change rapidly. It's advisable to consult with a financial advisor before making investment decisions.
NSE:SERVOTECHLong
by TechnicalExpress
NDR AUTO COMPONENTS LTDAs of June 3, 2025, NDR Auto Components Ltd (NSE: NDRAUTO) is trading at ₹994.50. 📊 Daily Support and Resistance Levels Based on pivot point analysis: Support Levels: S1: ₹949.17 S2: ₹933.58 S3: ₹917.17 Resistance Levels: R1: ₹981.17 R2: ₹997.58 R3: ₹1,013.17 The central pivot point is at ₹965.58. 📈 Technical Overview Trend: The stock has shown strong upward momentum, rising approximately 47% over the past month. Technical Indicators: Currently trading above key resistance levels, suggesting bullish sentiment. Volatility: With a beta of 1.92, the stock exhibits higher volatility compared to the market. 🔍 Additional Insights NDR Auto Components recently reported a 41.17% increase in net profit for the March 2025 quarter, indicating strong financial performance. Please note that stock prices are subject to market risks and can change rapidly. It's advisable to consult with a financial advisor before making investment decisions.
NSE:NDRAUTOLong
by TechnicalExpress
NIFTY50 & NIFTYBANK#NIFTY50 #NIFTYBANK This is not a buy or sell recommendation only for educational purposes and I am not a SEBI registered. Indian Stock Market Outlook - Wednesday, June 4, 2025 Market Overview Nifty 50 closed at 24,542.5 on June 3, 2025. Bank Nifty closed at 55,599.95 on June 3, 2025. The Indian equity markets experienced a downturn on June 3, 2025, with both Nifty 50 and Bank Nifty closing lower. This decline was attributed to weak global cues and rising concerns over stretched valuations. Global and Domestic Factors Impacting Today's Session US Tariffs: The announcement of new tariffs by the US led to a spike in steel and aluminium prices, affecting global markets and causing shares of foreign steelmakers to slump. RBI Monetary Policy: The Reserve Bank of India's three-day Monetary Policy Committee meeting commenced on June 3, with the outcome expected on June 6. Investors are cautious ahead of the policy announcement. FII Outflows: Foreign Institutional Investors have been aggressively offloading Indian equities, pulling out over *1 lakh crore so far in 2025, leading to increased market volatility. Technical Levels Nifty 50: Support: 24,400 Resistance: 24,700 Bank Nifty: Support: 55,000 Resistance: 56,500 Sectoral Performance Underperforming Sectors: Finance and IT sectors faced significant declines due to global trade concerns and valuation pressures. Resilient Sectors: Infrastructure and defense sectors are expected to remain resilient, driven by government initiatives and increased spending. ✰ Stocks in Focus 1. Tata Motors: Announced a dividend, attracting investor attention. 2. TCS: Declared a stock split and bonus issue, making it a stock to watch. 3. Larsen & Toubro (L&T): Expected to benefit from India's focus on infrastructure development and government projects. 4. HDFC Bank: Analysts favor top-tier banks like HDFC Bank amidst current market conditions. 5. Infosys: IT sector under pressure, but Infosys remains a key player to monitor for potential recovery. Market Sentiment The market sentiment remains cautious with a bearish bias due to global uncertainties and domestic policy expectations. Traders are advised to stay vigilant and consider risk management strategies during this period. Upcoming Events June 6, 2025: RBI Monetary Policy announcement. Disclaimer: This newsletter is for informational purposes only and does not constitute financial advice. Please consult with a financial advisor before making any investment decisions.
NSE:NIFTYLong
by TechnicalExpress
USDJPY – Rebounding from Support after Positive PMI DataIn the latest session, USDJPY is gradually regaining its upward momentum after the US released a better-than-expected manufacturing PMI. The data suggests that the US industrial sector remains strong, reducing pressure on the Fed to ease policy. As a result, the US dollar benefited, lifting USDJPY off its recent technical bottom. On the H4 chart, the pair is trading within a sideways range between 142.200 and 144.800. Each time it approaches the 142.200 level, buying pressure returns, forming a solid support zone. Although EMA 34 and EMA 89 are slightly sloping downward, the signals are not strong enough to break the current accumulation structure. Expected scenario: if the price continues to hold above the 142.200 support zone and forms a solid accumulation pattern, USDJPY is likely to bounce toward the 144.800 area – which may act as the next short-term resistance. On the contrary, if the support breaks, the structure could shift into a more bearish outlook.
Long
by Rocky_trade_
MARKET WAITS FOR TRUMP–XI TRADE CALL XAUUSD PLAN – JUNE 3XAUUSD PLAN – JUNE 3 | GOLD CORRECTS AFTER $100 SURGE | MARKET WAITS FOR TRUMP–XI TRADE CALL After an explosive $100+ rally earlier this week, gold has entered a sharp correction phase, dropping $30 during the Asian session. This pullback comes as the market anticipates a high-level trade call between former President Trump and President Xi Jinping, which could reshape short-term expectations around US–China relations and global risk sentiment. 🌍 MACRO CONTEXT – POLITICS MEETS FINANCE: The upcoming Trump–Xi call is expected to guide markets over the next few sessions and may impact trade risk positioning. Investors have begun profit-taking following the aggressive rally, leading to temporary risk-off sentiment and cash-out flows. From an Elliott Wave perspective, wave 3 (the strongest wave) may have completed, and price could now retrace into lower FVG zones to gather liquidity for the next upward move. 📈 TECHNICAL STRUCTURE (H1–H4 – EMA 13/34/89/200): On higher timeframes (H4 and D1), gold maintains a strong bullish structure. Price appears to have peaked near 3,402 – 3,409, and is now retracing toward the key FVG support zone between 3,320 – 3,310. EMAs are beginning to compress after a strong expansion – suggesting the market may consolidate or correct further in the short term. 🧭 KEY PRICE LEVELS: Support: 3,346 – 3,340 – 3,318 – 3,310 – 3,295 Resistance: 3,374 – 3,388 – 3,402 – 3,410 🔍 TRADE SETUPS: 🔵 BUY ZONE: 3,320 – 3,318 Stop Loss: 3,314 Take Profits: 3,324 – 3,328 – 3,332 – 3,336 – 3,340 – 3,344 – 3,350 – 3,360 – 3,374+ Buy on dips into the liquidity zone or after confirmation candles near EMA13–34 support. Ideal entry for positioning ahead of a potential wave 5 continuation. 🔻 SELL ZONE: 3,388 – 3,390 Stop Loss: 3,394 Take Profits: 3,384 – 3,380 – 3,376 – 3,370 – 3,366 – 3,360 – 3,350 Sell only if there is a strong rejection or bearish divergence near the recent highs – this zone marks the top of wave 3 and potential exhaustion. 📌 SUMMARY: Gold’s macro structure remains bullish, but short-term corrections are expected. Price may dip into FVG zones to absorb liquidity before launching the next move. Avoid FOMO and follow technical zones with disciplined SL.
OANDA:XAUUSDShort
by MMFlowTrading