NG trade on Weekly Zones .Ng respected the zones so very well . Rejection from Supply gave downward moment reached demand, rejection from demand gave up moment till Supply.
Break out of supply got SL
Break down of Demand got SL
Again Break out of Supply currently trading at 340.2 made high of 342
NG Sell 320 to 298
Buy 297 to 321
Buy call SL hit 5 points
Sell call SL hit 5 points .
Buy call 328 to High 342 CMP 340.2
Community ideas
GOLD OUTLOOK FOR NEXT WEEK Our Spot #Gold Range Prediction from 13/01/2025 to 18/01/2025 is as under.
Gold Spot :2605$-2710$
Gold INR : 76200-78800
Our Spot #Silver Range prediction from 13/01/2025 to 18/01/2025 is as under.
Silver Spot: 28.30$-30.80$
Silver INR: 86450-92900
It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price.
Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry.
These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.....
GHCLTEXTIL LONGThe Elliott Wave analysis indicates that the stock has finished waves (i) and (ii), moving in the wave (iii), which are shown by blue numbers on the daily chart.
Wave (iii), also known as the impulse wave, unfolded into five waves, which are illustrated in red.
waves i, ii and iii and iv are finished and shown in red colour on the chart.
Wave v of wave (iii) will unfold in five waves, as illustrated in the black circle.
Wave levels are depicted on the chart.
Level of Invalidation
The invalidation level of 97.50 has been identified as the starting point for wave i of wave (iii). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears.
I'm not a registered Sebi analyst. My research is done solely for academic purposes.
Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses.
Regards, VJ.
SILVER OUTLOOK NEXT WEEK Our Spot #Gold Range Prediction from 13/01/2025 to 18/01/2025 is as under.
Gold Spot :2605$-2710$
Gold INR : 76200-78800
Our Spot #Silver Range prediction from 13/01/2025 to 18/01/2025 is as under.
Silver Spot: 28.30$-30.80$
Silver INR: 86450-92900
It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price.
Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry.
These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
after hit tgt next update gold spot or mcx edu pur.gold spot hit almost 2700 high made near 2699@-- now esy on 2703--2705 if mkt styaa bv thna nxt up side only 2727--2745++++ where support 2675$ blw mkt may test 2670--2666++++-- in mcx support find 78200@ blw mkt more correction or if mkt stya abv 78900 thna soon 79130--470+++++
Double bottom Trade setup ARMAN FIN Double Bottom Trade Setup
Pattern Identification
Double Bottom: Identified on the daily chart, indicated by the green line.
Neckline (Blue Line): The key resistance level to watch for a breakout.
Trade Entry
Entry Point: Above the neckline, specifically at the 1408 level.
You are looking for a breakout confirmed by the following candle making a higher high in the next day last 15 minutes of trading (EOD).
Stop Loss : Set below the breakout candle's low to manage risk.
Target : The target is set at 1605, which corresponds to the previous support level.
Considerations.
Note : Waiting for the confirmed breakout before entering is essential to avoid false signals.
Ensure to monitor the trade closely, especially around the stop loss level, to make adjustments if necessary.
If you have specific charts or details you want to discuss further, please share! Do you have any particular concerns or questions about this setup?
Disclaimer : I am not sebi register, just for the knowledge purpose
USDCHF_4HUSDCHF_4H BULLISH
Everything is mentioned on Charts.
Please always look for double confirmation before entry.
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
Gold Price Forecast: Will $2,685 Become a Reality?Dear friends,
Gold prices have broken a two-day uptrend, reaching their highest level in weeks amid the Federal Reserve's hawkish stance. On the other hand, declining U.S. Treasury yields are weakening the USD, offering some support for the XAU/USD pair. Traders are now looking to Fed speakers for direction ahead of Friday's U.S. Non-Farm Payrolls (NFP) report.
Based on the current analysis on the 1-hour timeframe and the optimistic market sentiment, the bullish momentum is expected to continue, supported by the EMA 34 and EMA 89. This upward move is projected to reach at least $2,685, aligning with the dynamic resistance channel's boundary.
What are your thoughts on gold prices today?
USDCHF - TRADE ON SHORT SIDESymbol - USDCHF
USDCHF is currently trading at 0.9118
I'm seeing a trading opportunity on sell side.
Shorting USDCHF pair at CMP 0.9118
I will add more quantity at 0.9165, If comes. Holding with SL 0.9210
Targets I'm expecting are 0.9010 - 0.8945 & 0.8880
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
TRADE IDEA ON SHORT SIDE - US DOLLAR INDEX (DXY)Symbol - DXY
DXY is currently trading at 109.16
My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side.
Shorting DXY at CMP 109.16
I will add more position if 109.65 comes & will hold with SL 110.05
Targets I'm expecting are 108.00 - 107.30 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Bitcoin Analysis: Shakeout or Rally? Let's Read The Chart!The Crypto market is buzzing with speculations right now! Some believe that the recent fall in Bitcoin was nothing more than a shakeout, and a massive rally is just around the corner. Meanwhile, there’s news floating around that the federal government has sold a huge chunk of BTC and plans to sell even more.
But here’s the thing: financial markets don’t run on speculations, and news usually hits the market after the action is already done. So, let’s forget the noise and get straight to the business of reading what the chart is telling us.
Before we dive into the analysis, ask yourself this: What kind of trader are you? When you invested in the market, did you have a plan? Was it a short-term play (swing trade) or a long-term investment?
For Long-Term Investors
If you’re a long-term investor, there’s no need to worry. The trend for Bitcoin is still bullish on the daily time frame. What we’re seeing now is just a corrective move, and this is how price behaves—it moves in waves. Every dip is an opportunity.
The next key buying zone for long-term investors lies between 70500 - 74000, a level that hasn’t been tested since the breakout on 6th Nov 2024. So, be patient and let the price come to you.
For Short-Term Investors
If you’re a short-term investor, this analysis is specifically for you.
Currently, Bitcoin’s price has been moving consistently upward over the last few hours. It has even broken out of the last lower high. However, let’s not get carried away just yet.
There are multiple resistance zones above, and it won’t be an easy ride for the buyers. These zones offer an opportunity for sellers who missed the chance to short from the top.
The real turning point for buyers will be the 0.618 Fibonacci level. Once this level breaks and the price sustains above it, we might see buyers gaining confidence to push the price higher.
Also, don’t forget to check out my detailed analysis of the Ethereum chart.