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Gold Outlook 2024:Analyzing Bullish Trends, Key Resistance LevelBullish Bias: Weekly chart indicates a bullish bias for Gold. Relative Strength Index (RSI) comfortably above 50. RSI-based 20-period Moving Average provides additional support. XAU/USD remains within the upper half of a long-term ascending regression channel. Key Levels: Interim resistance at $2,060 with 61.8% Fibonacci trend-based extension. Confirmation of support at this level could lead to a test of $2,125-$2,150. Potential profit-taking in this range may temporarily impede the uptrend. Further bullish targets at $2,200 and $2,440 based on Fibonacci extensions. Sustaining above $2,200 is crucial for continued buyer interest. Downside Support: Strong support at $1,960-$1,950, including the 20-week SMA, 50-week SMA, and mid-point of the ascending regression channel. Failure at this support could lead to a decline to $1,880 (100-week SMA) and $1,850 (200-week SMA). Weekly close below $1,850 may attract additional sellers, opening the door for a move toward $1,800 (lower limit of the ascending regression channel). Summary: Gold is bullish with potential resistance at $2,060 and further targets at $2,125-$2,150, $2,200, and $2,440. Strong support is seen at $1,960-$1,950, and a failure could trigger a decline towards $1,880 and $1,850, with $1,800 as a lower limit. Investors should monitor key levels for potential trend continuation or reversal, and the sustainability of support and resistance levels is crucial for determining the next directional move in the Gold market.
OANDA:XAUUSDLong
by tradewith_ritik
Bitcoin Price Prediction 2025Bitcoin (BTC) Price: $37,829.17 USD Price: 18.15 ETH 1hr Change: 0.17% 24hr Change: 1.14% 7d Change: 4.02% Volume: $22,694,872,312.93 Market Cap: $739,648,195,822.46 Circulating Supply: 19,552,325.00 Total Supply: 19,552,325.00 The price of Bitcoin is $37,758. It has a 24-hour trading volume of $77.41 billion, a market capitalization of $738.25 billion, and holds 50.91% of the market dominance. Over the last 24 hours, Bitcoin’s price has increased by 1.06%. Bitcoin’s highest value was on November 10, 2021, when it reached $68,770. Its lowest-ever price was on July 17, 2010, at just $0.05. Since its all-time high, the lowest it has fallen to is $15,599, while the highest it has reached after that low point was $38,407. Currently, the market sentiment towards Bitcoin is bullish, and the Fear & Greed Index indicates a score of 73, suggesting ‘Greed’.
Long
by tradewith_ritik
Ashok Leyland Support BrokenAshok leyland opened flat but during today's session the price dropped more than 3%. A strong body red candle broke the support of 175.90 which is a shallow pullback retracement level of 23.60%. Also it's important to mention that the moving averages are in a bearish cross. So, all these indicate a downtrend. The next important level to consider is 166.80 which could act as a strong support. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. The material is only for educational purposes. Thanks Er. Simranjit Singh Virdi
NSE:ASHOKLEY
by ssvirdi
Important For Option Trader Royal Trend👑Royal Trade👑 Hello Guys in This Video We share How to Trade in Option's Market. #We talk in this video what we need to learn in market. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
TVC:SPX
by Optionclub
Banknifty has shown Positivity in yesterday|Today's 09/08 levelsGood Morning Traders. Yesterday we have seen very small range of banknifty, it was facing everytime resistance at 45000-45100. If i am not wrong it has given proper breakout of 45k on 30 mints chart, after that, it has came more down than expected for retest the levels. Well as compare to nifty. It was better. Today also we can face a resistance at 200 EMA, which is at 45200 levels now. Well guy's trade accordingly, as if market will not give momentum, your options premiums will be highly decay due to time in expiry. So trade carefully. Today's Important levels for Banknifty:- Buy above 45125, if levels got sustained at least for 30 mints. Targets we can see in upside 45224/45368++ Keep stop loss at 44979 Sale below 44794, if levels got sustained at least for 30 mints. Targets we can see in downside 44642/44534/44418-- Keep stop loss at 44979 Note:- Guy's always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BANKNIFTY
by TraderRahulPal
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