Get started

M-forex

NIFTY FINANCIAL SERVICES INDEXAs of May 13, 2025, the Nifty Financial Services Index (NIFTYFIN) closed at 26,206.00, reflecting a decline of 1.10% for the day. 📊 30-Minute Timeframe Technical Overview Key Support and Resistance Levels: Support: Approximately 25,245.07 Resistance: Approximately 26,562.40 These levels are derived from recent price actions and are crucial for traders monitoring short-term movements. Technical Indicators Summary: Relative Strength Index (RSI 14): 52.33 – Neutral Stochastic Oscillator (9,6): 98.35 – Overbought Stochastic RSI (14): 2.60 – Oversold MACD (12,26): 54.67 – Buy Average Directional Index (ADX 14): 15.72 – Neutral Williams %R: -1.94 – Overbought Commodity Channel Index (CCI 14): -48.30 – Neutral Average True Range (ATR 14): 166.29 – Indicates lower volatility Rate of Change (ROC): 2.80 – Buy Bull/Bear Power (13): -19.22 – Sell Interpretation: The technical indicators present a mixed outlook. While the MACD and ROC suggest bullish momentum, the overbought readings from the Stochastic Oscillator and Williams %R indicate potential for a short-term pullback. The neutral RSI and ADX values suggest a lack of strong directional momentum. 📈 Accessing 30-Minute Charts For real-time 30-minute interval charts and advanced technical analysis tools, consider the following platforms: TradingView – Nifty Financial Services Index Investing.com – Nifty Financial Services Chart Groww Terminal – Nifty Financial Services These platforms offer customizable charts with various indicators to assist in your analysis.
NSE:CNXFINANCE
by TechnicalExpress
EURAUD BUYSAs you can see, the price is approaching the daily demand zone — our potential buy area. The green box marks the zone where inefficiency is filled, as well as the last candle before a strong upward move. We also have the 1.72000 level, a round number that can naturally attract price action due to institutional orders and interest. The grey circles highlight the low and high of my daily trading range. What I like about the current price action is the impulsive move to the upside, followed by a steady and controlled pullback as the price approaches the buy zone. This setup presents a strong trading opportunity — now we wait and see.
Long
by Tilen_FX
Gold breaks through 3,300 – Selling pressure has not stoppedGold price plummeted from 3,325 to 3,237 USD/ounce after the US and China reached a temporary agreement to reduce taxes. The stock market is up, the USD is strong, money flows out of gold. I see selling pressure clearly dominating. On H1, the price is still below EMA34 and EMA89, recovering weakly around 3,260. H4 confirms the downtrend that has been formed before. If it does not surpass 3,270, I am inclined to believe that gold will continue to fall to 3,200 – 3,180.
OANDA:XAUUSD
by norbanpar
Gold Under Pressure: Will Key Support Hold?Gold prices slipped slightly to around $3,230 in early trading today. The precious metal remains on the defensive due to a stronger U.S. dollar, rising U.S. bond yields, and renewed optimism surrounding the U.S.–China trade deal. As long as this optimism continues, XAU/USD is likely to remain under pressure. The recent surge to record highs was driven by concerns over a global economic slowdown and rising inflationary pressures due to tariffs — but that rally quickly faded, failing to hold its peak. From a technical perspective, the 4H chart shows that gold has dropped below the EMA 34 and EMA 89, with a clear confluence between the EMAs and a marked resistance zone, which also aligns with the 0.618 Fibonacci retracement level. If price fails to break above this resistance with strong momentum, the downtrend could continue, leading to deeper corrections in the near term.
OANDA:XAUUSDShort
by Selene-Nightshade
GOLD Will the Correction Continue or Will We See a Reversal?GOLD UPDATE – Will the Correction Continue or Will We See a Reversal? 📊 Market Analysis: Yesterday’s sharp decline in gold prices indicates a temporary easing in geopolitical tensions, particularly the ongoing conflict and political issues. It seems that the global environment has become slightly less tense recently, which could be a key factor in the correction we are seeing in gold. From a political and trade perspective, the current price trend appears rational, but it is important to note that nothing is set in stone just yet. Further negotiations are expected, and these could lead to significant agreements. After the sharp drop, gold has managed to find some momentum for recovery, filling liquidity gaps and returning to areas of lower liquidity. 🔍 Current Outlook: At the moment, I’m still expecting a possible rebound in gold, but the best opportunity might be to focus on sell positions for the time being. Yesterday’s plan, although bearish, enabled us to catch key levels for potential buy entries. Today, sell entries might be more favorable than buying. The price is likely to continue adjusting as we await more macroeconomic news, especially regarding the US Federal Reserve’s actions. We’ve seen the Fed avoid Trump’s pressure, and there is speculation that interest rate cuts might be postponed until later in the year rather than mid-year as previously expected. If this is the case, gold could potentially revisit the $3000/oz mark in the near future. 🔮 Short-Term Strategy: For now, we will continue trading according to the market’s correction wave. Sell positions might offer a better risk-to-reward ratio in this environment. We may still see some bounces, but they would likely be short-lived unless we see more positive macroeconomic data. 💡 Key Resistance Levels: 3264 3278 3307 3328 💡 Key Support Levels: 3241 3207 3196 3172 3156 🎯 Trade Setup: BUY SCALP: Entry: 3196 – 3164 SL: 3190 TP: 3200 → 3204 → 3208 → 3212 → 3216 → 3220 BUY ZONE: Entry: 3158 – 3156 SL: 3152 TP: 3162 → 3166 → 3170 → 3174 → 3178 → 3182 → 3190 SELL SCALP: Entry: 3278 – 3280 SL: 3284 TP: 3274 → 3270 → 3266 → 3260 → 3250 → 3240 SELL ZONE: Entry: 3328 – 3330 SL: 3334 TP: 3324 → 3320 → 3316 → 3312 → 3308 → 3300 → 3290 → 3280 📅 Key Event: CPI Announcement Today, we are also expecting the CPI report, a critical piece of data for the month. Be aware that there’s not much to analyze yet regarding this report, but we will update everyone once the data comes out later today. 💼 Risk Management: Given the volatility we’re seeing, proper risk management is essential. Stick to your TP/SL levels to protect your account and avoid unnecessary risks. 📈 Final Thoughts: Gold is currently facing corrections, but with geopolitical tensions easing, it could lead to more stability and potential breakout opportunities. Keep your trades aligned with key levels and macro news. Keep an eye on CPI and adjust accordingly. 💬 Good luck to everyone! Keep your positions safe and be patient for the right opportunities.
OANDA:XAUUSDShort
by MMFlowTrading
Gold Breaks Support Level – The Downtrend May Not StopAfter peaking at $3,500/ounce in April, gold is in a clear correction phase. On the H4 chart, the price has broken through both the EMA34 and EMA89, indicating that a short-term downtrend has been established. The most recent session closed at $3,223, losing nearly $130 in just a few sessions. The sharp decline appeared after a long rally and the peak was rejected many times. The break through the EMA89 support has triggered technical selling pressure, reflecting the psychology of profit-taking after failing to surpass the old peak.
OANDA:XAUUSD
by norbanpar
Gold falls after FED news, cautious buying powerWorld gold prices retreated to $3,370/ounce, down more than $25 from last night's peak. The H4 chart shows a sharp decline that broke through the EMA34, currently testing the EMA89 - a signal that profit-taking pressure is increasing after the previous strong bounce. The FED kept interest rates unchanged in the 4.25% - 4.5% range, as expected. However, Chairman Jerome Powell's "wait and see" statement made investors pause buying gold due to concerns that prolonged high interest rates will continue to put pressure on non-yielding assets like gold. In addition, the rise in international stocks and China's money pumping policy have reduced the attractiveness of this safe haven.
OANDA:XAUUSD
by norbanpar
GOLD PRICE PLUNGES ON WEEKLY OPEN RETRACEMENT OR NEW BEAR TREND?📉 GOLD PRICE PLUNGES ON WEEKLY OPEN – RETRACEMENT OR NEW BEAR TREND? Gold started the week with a sharp gap down, breaking below key levels after weekend developments signaled easing geopolitical tensions and positive progress in US-China trade talks. This calm has dampened safe-haven demand, triggering an aggressive selloff in early Asian hours. 🔍 Technical Outlook – M30 Parallel Channel Gold is currently respecting a descending parallel channel on the M30 chart. Price is pushing lower and has yet to fill the weekend’s gap around the 3326–3328 zone. This remains a critical Key Level for any potential short-term recovery. 🗓️ This Week’s Macro Focus Traders should brace for high volatility as the US economic calendar is packed with top-tier releases: Tuesday: CPI (Consumer Price Index) Thursday: PPI (Producer Price Index) Thursday Night: Fed Chair Powell speaks Meanwhile, ongoing tariff policy updates and geopolitical headlines will continue to stir price action unpredictably. 📌 Trading Bias For now, the dominant trend is bearish. Unless we see a strong bullish reversal pattern or key breakout confirmation, the preference remains selling on rallies. Only if buyers reclaim control around the gap zone (3326–3328) should we look for long setups. 🔺 Key Resistance Levels: 3288 – 3308 – 3328 🔻 Key Support Levels: 3262 – 3246 – 3236 – 3200 🎯 Trade Setups 🔵 BUY ZONE: 3246 – 3244 SL: 3240 TP: 3250 → 3254 → 3258 → 3262 → 3266 → 3270 → 3280 🔴 SELL ZONE: 3326 – 3328 SL: 3332 TP: 3322 → 3318 → 3314 → 3310 → 3305 → 3300 🔴 SELL SCALP: 3306 – 3308 SL: 3312 TP: 3300 → 3296 → 3290 → 3286 → 3282 → 3278 → 3270 ⚠️ Final Thoughts Gold remains highly reactive to macro news and liquidity traps, especially with so many risk events this week. Trade with caution, follow your TP/SL rules, and stay flexible with your strategy. The market may deliver unexpected volatility—manage your risk smartly. 🟡 Let price guide you — not emotions. 🚨 Stay disciplined. Stay profitable.
OANDA:XAUUSDShort
by MMFlowTrading
USDCAD (4H) Technical Analysis Long setupPair: USD/CAD Timeframe: 4H Bias: Bullish Structure: Falling Wedge Breakout → Bullish Continuation Current Price: ~1.3937 📐 Chart Breakdown 1. Falling Wedge Formation (Bullish Reversal Pattern) Price was consolidating inside a falling wedge, typically a bullish reversal structure. Breakout to the upside confirms buyer strength after a period of compression. 2. Breakout + Retest Setup Clean breakout above the wedge has occurred. Price is currently forming a small bullish flag (or consolidation), likely preparing for a retest of the breakout zone around 1.3856 before continuation. 3. Clean Bullish Imbalance Above The large bullish candle created imbalance above, increasing the probability of a liquidity-driven move up. 4. Higher Timeframe Target Zones (Key Supply) 1st Target: 1.4150 (previous support turned resistance) 2nd Target: 1.4280 (major horizontal resistance) Final Target: 1.4520 (multi-week supply zone) 🧾 Trade Plan – Long Setup Entry Zone Stop Loss Take Profit Targets Risk:Reward 1.3860–1.3885 (retest of wedge) 1.3750 (below last swing low) 1.4150, 1.4280, 1.4520 1:3 to 1:5+ ✅ Confluences Supporting the Long Bias Confluence Details ✅ Falling Wedge Pattern Price broke out from bullish wedge. ✅ Retest Setup Pullback expected before continuation. ✅ Bullish Market Structure Higher highs forming post-breakout. ✅ Clean Liquidity Above Fewer obstacles on the way to major targets. ✅ Strong Demand Zone Below Buyers stepped in around 1.3750–1.3850. 🚫 Invalidation If price breaks below 1.3750, bullish setup fails. Close below wedge base may invite deeper bearish pressure. 📊 Trade Management Tips Enter on bullish candle at retest zone. Scale out profits at 1.4150, then 1.4280, let partials run to 1.4520. Use trailing SL after price hits first TP for a risk-free runner.
Long
by Trade_With_Niraj