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SELL

XAUUSD Facing Resistance Pressure, Clear DowntrendThe 4-hour (H4) chart of XAUUSD shows a strong resistance at $2,500, where the price has repeatedly failed to break through, indicating dominant selling pressure. The 34-day EMA at $2,506, close to the current resistance, reinforces the short-term downtrend if the price cannot surpass this level. Current candlestick patterns also support the short-term bearish trend, especially as the price has tested and failed to break the $2,500 resistance multiple times. Regarding news: International economic and political factors, particularly U.S. labor data this week, will be key influencers on gold prices. If employment data is positive, the USD may strengthen, putting further downward pressure on XAUUSD.
OANDA:XAUUSDLong
by Romio_pro
US NFP: Gold Faces USD PressureGold is fluctuating within an upward channel but shows signs of adjustment from the upper resistance area. On the H4 chart, EMA 34 is above EMA 89, indicating a slight upward trend. However, the continuation of this trend depends on whether the price can bounce back from the support level. Gold may test the support area at $2,480. If this level holds, the price could recover to the resistance level of $2,530. Otherwise, it may continue to decline to $2,500. Regarding news: The US NFP report could significantly impact XAUUSD. If NFP is better than expected, the USD will strengthen, putting pressure on gold prices.
OANDA:XAUUSDShort
by Romio_pro
EURUSD Awaits Rate Signals, Risk of Bullish ReversalInvestors are waiting for rate signals from the Fed as U.S. inflation remains high, while the ECB faces pressure to adjust rates due to the Eurozone's sluggish economy. The short-term downtrend in EURUSD is prevailing, confirmed by the EMA 34 crossing below the EMA 89, indicating growing selling pressure. The chart shows strong support around the 1.10630 level, where prices have bounced multiple times, creating a solid support zone. The resistance zone is around 1.11450, which is a potential target area if prices rebound from the support level. The RSI (14) is currently hovering around 36-38, suggesting the market is in an oversold state. This indicates a potential reversal or a short-term pullback. If the price holds the support at 1.10630 and shows a rebound signal, there is a possibility that EURUSD will retest the resistance at 1.11450.
Long
by Romio_pro
1
USDJPY Adjusts, Forms New Resistance, Awaiting Signals from BOJCurrently, USDJPY is adjusting after breaking out of a downward channel, creating a new resistance zone at 145.000 and showing signs of a potential reversal. The EMA 34 and EMA 89 lines are currently above the price, acting as dynamic resistance levels and applying downward pressure. The key support zone lies around 143.500. If the price drops to this level and strong buying pressure emerges, we can expect a potential rebound from here. Traders should closely monitor price action at key support and resistance levels. Entering buy or sell positions should be based on clear price action or technical signals. On the news front: The Japanese yen stabilized on Thursday after a strong rise earlier in the week, driven by bets that the Bank of Japan will further hike interest rates this year following a series of tightening signals from BOJ officials.
by Romio_pro
1
Euro Declines Amid French Election UncertaintyThe euro experienced a slight decline of approximately -0.07% today as market participants anticipate a potential legislative deadlock following the French parliamentary elections. The euro is currently trading below the 34-day moving average (MA), indicating a short-term downtrend, and is also trading below the 89-day MA, suggesting that the long-term downtrend is being reinforced. The euro may continue to face pressure if the political situation in France shows no signs of improvement. I personally believe that uncertainty will persist at least until the election results are clearly determined. Do you have any other predictions?
Short
by Henry_pro
1
Gold Continues to Trend UpwardsGold ended Friday's trading session on a positive note following the release of key economic data from the Non-Farm Payroll report, which indicated weak data for the USD, gold prices surged immediately after breaking through the 236x resistance zone. Observing the H4 chart, we can clearly see the upward trend in gold prices. There is a notable double bottom pattern, targeting the 2,40x level. However, achieving this target will require support from sellers to push the price up to that range. The uptrend is expected to continue this week, but we should wait for a slight pullback for a retest before the price makes a strong upward move.
OANDA:XAUUSDLong
by Henry_pro
NIFTY MARCH MONTH EXPIRY ANALYSISThe market (NIFTY50) is Trading at 22150. Do not blindly go with the buy or call side. First Market will re-test with the S4 area (21950) and then it will move towards our Target which is 22300. It's a clear Reverse Head and Shoulder Pattern but don't go blindly in any direction. Let's wait for a retest and then enter the rally. Another 2 Conditions: 1. If it breaks 22215 then 22300 will be scalping in Intraday. 2. If 21800 Break then more selling expected
NSE:NIFTY
by NaveenTTR
1
RELIANCEWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:RELIANCELong
by Rvkachhadiya
Time to Sell_ RelianceNamaste! Any stock can not sustain it's bullish behaviour, without a correction. Reliance has to correct, before going up again. It is the proved nature of markets. Why selling any stock is a good idea. 1. To buy it back at a lower prices, 2. To full-fill urgent needs of money, 3. To let the weak hands enjoy the euphoria and not to stay in the markets when there is an extreme optimism. So, I am suggesting a logical price to book profits in Reliance. The price would be Rs 3100. Why? Look, the people who would have bought at around Rs 1100, will be getting around 2.9 times of there investment amount. Hence, they will be booking profits, resulting in a correction. Okay, I will be sell it at the above price, but what if I want to buy it again. A: You have to wait for greater than 15% correction from All time highs, before buying it again. Because, In India, LTCG is around 10%, so you have to get the stock back at 15% or more correction, to compensate for your extra efforts. Disclaimer: The analysis I have shared is based on my understanding of the markets. Please do your due-diligence and you are solely responsible for your decisions.
NSE:RELIANCEShort
by UnknownUnicorn7637383
3