Black Friday saleUp to 70% OFF

Technical Analysis

What's changed in the gold price in the new week?Hello, let's analyze today's gold price! In the chart, although gold on Friday had a strong recovery of nearly 300 pips, in the long term it is still in a downtrend with the price channel remaining stable. Regarding the target and upcoming direction: From technical analysis, I expect the price to decrease more after the adjustment reaches the upper limit of the price channel. The target is 2280 USD. And you, what are your thoughts, do you think gold will increase or decrease this week?
OANDA:XAUUSDLong
by HamedMarkets
1
USDJPY pokes key resistance amid mixed market, light calendarUSDJPY struggles to defend a two-day winning streak and the weekly gains while jostling with a seven-week-old symmetrical triangle’s resistance line early Monday. In doing so, the Yen pair also prints an inability to cross a broad resistance zone comprising tops marked since late April, around 158.00-158.50. However, the quote’s sustained trading beyond the 200-bat Exponential Moving Average (EMA) and the upbeat RSI (14) line keep buyers hopeful beyond witnessing a clear downside break of 156.00. Even so, the aforementioned triangle’s bottom line and an upward-sloping trend line support from late March, respectively near 155.60 and 153.40, will act as the final defense of the bulls before giving control to the bears. Meanwhile, fresh buying in the USDJPY pair will gain momentum beyond 158.50, which in turn could direct buyers toward the 160.00 psychological magnet. However, the latest multi-year peak of 160.20 and the year 1990’s high of near 160.40 could poke the Yen pair buyers afterward. If the quote remains firmer past 160.40, the odds of witnessing a gradual run-up toward the late 1986 peak of 164.50 and then to the 1978 low of 177.00 can’t be ruled out. Overall, the USDJPY remains in a bullish trajectory despite recent inaction.
by MTradingGlobal
Update the latest gold price today!Today, gold has decreased slightly by 10 USD, currently trading around 2315 USD. This comes as the US Dollar tumbled following the release of much-anticipated economic data. Gold's short-term downtrend continues. Technical analysis: Trendline Break: From a technical standpoint, gold has broken above its trendline, signaling continued bearish momentum. EMA Confirmation: The bearish outlook is further supported by gold trading below the 34 EMA and 89 EMA. Price Target: The next important level to watch is $2300, which remains the desired target in this downtrend. What do you think about gold's movement? Are you expecting the next decline or do you see a potential turnaround? Let's discuss!
OANDA:XAUUSDShort
by HamedMarkets
Gold price today: Continuous increase of nearly 300 pipsHello everyone, yesterday gold experienced a quite significant recovery. At the beginning of the session, gold traded stably, but near the end of the session, this metal quickly increased and recovered more than 280 pips. Currently, gold temporarily closed at 2332 USD and increased about 1.24% during the day. Accordingly, gold prices increased despite the USD index anchoring at a high threshold. Although under some pressure, the fact that gold is still above 2,300 USD/ounce proves that buyers still actively consider the adjustment and price decrease as Good opportunity to increase gold holdings.
OANDA:XAUUSD
by HamedMarkets
3
Gold price today: Recover more than 100 pipsHello everyone! What do you think, where will gold close today? In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300. Looking at the 1-hour chart, I’ve observed that gold has rebounded over 140 pips. It seems to be targeting the $2323 level, with the next resistance around $2338. That's my take. What about you? Do you think gold can reach these targets, or will it pull back again? Let me know your thoughts in the comments!
OANDA:XAUUSD
by HamedMarkets
3
Gold Price reduced at the end of the trading session!Hello everyone, today the price of gold continues to trade around the psychological level of 2300 USD. Accordingly, gold was not beyond my prediction when it approached 2300 USD to receive new resources around this support area. After the Fed's above announcement, gold lost its inherent momentum, causing the number of investors buying to decrease significantly. Not only that, the gold market also witnessed strong selling momentum after the US Bureau of Labor Statistics announced that the consumer price index (CPI) in May remained high, the main reason why the Fed extended the Delay interest rate cuts. Gold price forecast: -In terms of market psychology as well as news: negative reaction to monetary policy and pressure from the rising USD, weaker buying demand from China makes it difficult for gold to increase in price during this time. - Technically: Gold is in a downtrend, the price moves below the resistance level and the Trendline line decreases. The price is affected by the EMA 34, 89 which is still beneficial for selling momentum. The reduction target to the support level of 2288 USD is again targeted in the short term.
OANDA:XAUUSDShort
by HamedMarkets
Crude Oil buyers brace for a bumpy road ahead, focus on $79.50WTI Crude Oil picks up bids to reverse the previous day’s retreat from a seven-week-old falling resistance line, close to $78.65 by the press time. In doing so, the black gold recovers from a 50% Fibonacci retracement of December 2023 to April 2024 upside, near $77.70. Given the bullish MACD signals and upbeat RSI conditions underpinning the commodity’s rebound, the buyers are likely to overcome the immediate trend line resistance surrounding $78.65. However, a convergence of the 100-SMA and the 200-SMA, around $79.50 at the latest, appears a tough nut to crack for the energy bulls. Also acting as an upside filter are the $80.00 threshold and late May swing high of $80.60. It should be noted, however, that the quote’s successful trading past $80.60 enables the optimists to aim for the support-turned-resistance line stretched from late 2023, near $83.50 as we write. On the contrary, a daily closing beneath the 50% Fibonacci ratio of $77.70 could quickly fetch the WTI crude oil prices to the previous monthly low of around $76.20. If the black gold remains bearish past $76.20, the monthly bottom of around $72.40 and the $70.00 psychological magnet will lure the sellers. It’s worth observing that the energy benchmark’s sustained weakness past $70.00 could make it vulnerable to a slump toward the previous yearly low of around $63.60. Overall, WTI Crude Oil appears all set to post the biggest weekly gain since early April but a daily closing past $79.50 will be crucial for bulls to retake control.
TVC:USOIL
by MTradingGlobal
2
EURUSD: Prioritize the downtrend!Hello fellow EURUSD trading lovers! Today, we see EURUSD continuing its downtrend, with the price currently hovering around 1,080. -Market summary: Yesterday's developments: After this news, EURUSD quickly skyrocketed and filled the gap but could not maintain a long-term increase. Technical outlook: Price Pattern: The pair is trading in a narrowing wedge pattern, characterized by lower highs and lower lows. Short-term forecast: With these technical signals, EURUSD will likely continue to decline in the near future. I'm more inclined towards sales. What is your view? Do you see more opportunities on the downside or do you have a different view? Share your thoughts!
Short
by HamedMarkets
Gold Price: Potential Downturn Ahead as Market Signals ShiftThis chart tracks the price movements of Gold in USD per ounce over a four-hour timeframe, as of June 13, 2024. Here’s a simple breakdown: 1. **Current Price**: Gold is trading at around $2,301.84. 2. **Resistance Levels**: There are significant resistance points where selling pressure is high at around $2,340, $2,380, and $2,420. These levels are where the price struggles to go higher. 3. **Support Levels**: On the downside, there are support levels around $2,220 and $2,180, where buying interest might help keep the price from falling further. 4. **Trend**: The price has been generally moving up since early May, as shown by the upward trend line. However, there have been recent signs of this trend reversing. 5. **Market Signals**: - The chart shows points labeled 'CHOCH' (Change of Character) and 'BOS' (Break of Structure), which mark key changes in price trends. - The latest signals suggest that the market is turning bearish, indicating a possible decline in prices. 6. **Volume**: High trading volumes are noted around the resistance levels, indicating strong selling activity. 7. **Predicted Movement**: An arrow on the chart indicates that the price might drop soon, potentially reaching the support levels at $2,220 or $2,180. In essence, the chart suggests that gold prices could be heading downwards in the near future, given the recent shift in market sentiment and strong resistance at higher price levels.
TVC:GOLDShort
by OptimaltradeX
Today's Gold Price Update: A Continued DowntrendGold prices today continue to face downward pressure, currently trading around $2314, losing 0.45% for the day with a drop of over 100 pips during the early Asian trading session. Despite a strong rally last night that pushed gold close to $2350, the precious metal couldn't maintain its recovery. This was despite the U.S. Dollar weakening after the U.S. released its economic data. The USD took a hit after the U.S. Consumer Price Index (CPI) for May showed a faster cooling than economists had anticipated. The CPI remained flat after a 0.3% increase in April, while the forecast was only for a 0.1% rise. Gold Price Forecast: News Perspective: The Federal Reserve is expected to implement two rate cuts this year, with an 80% chance that the first cut will happen in September. This scenario typically leads to a weaker USD, which could benefit gold prices. Psychological and Technical Perspective: From a technical standpoint, gold remains in a downward channel. In the short to medium term, the market sentiment still favors selling gold. The EMA and trendline indicators continue to support the bearish outlook for gold. Key Points: Current Price: $2314, down 0.45% for the day. Support and Resistance: Unable to sustain gains around $2350. Economic Data Impact: USD weakened after lower-than-expected CPI data. Fed Rate Cuts: Expected to cut rates twice this year, with the first likely in September. Technical Indicators: EMA and trendline favor continued bearish movement. Stay tuned and watch for how these factors play out in the coming days. What’s your take on the current gold trend?
OANDA:XAUUSDShort
by HamedMarkets
EURUSD trading strategy! The selling trend is still strong!Hey everyone, What are your thoughts on EURUSD today? Looking at the 4-hour chart, EURUSD is currently in a recovery phase. The pair is filling the GAP and completing a retracement to the 0.5 - 0.618 Fibonacci levels. As of now, the price is sitting at 1.0759, reflecting a 0.05% increase for the day. It's expected that after completing this retracement, the price might resume its downward trend, just as illustrated on the chart! What’s your take on this? Let’s discuss your insights in the comments below!
Long
by HamedMarkets
Should we buy or sell EUR/USD today?Dear friends! Currently, EUR/USD is flat, staying just below the 1.0750 level during Wednesday's Asian session. With upcoming US CPI data and Federal Reserve policy announcements, it is best to avoid placing new bets on this currency pair until we see how these events play out. They are likely to significantly influence the performance of the US Dollar. If the downtrend continues, EUR/USD could first target the June low of 1.0719 and could then fall deeper to 1.0649.
Short
by HamedMarkets
4
Impending “Death Cross” keeps Gold sellers hopefulThe US Federal Reserve’s (Fed) hawkish halt failed to impress the US Dollar buyers as softer inflation data raised doubts about the central bank’s one rate cut in 2024 projections. The same allowed the Gold price to refresh weekly high during its three-day uptrend by the end of Wednesday. However, failure to cross the key SMAs and a looming “Death Cross” of the 100-SMA and the 200-SMA joins the unimpressive RSI (14) and an impending bear cross on the MACD to challenge the precious metal buyers afterward. That said, the quote currently drops toward a 10-week-old rising support line, close to $2,288, a break of that will highlight the previous monthly low of $2,277 and the early April swing lows surrounding $2,266 as the seller’s favorite. It’s worth noting, however, that the XAUUSD’s sustained weakness past $2,266 will make it vulnerable to a slump toward the March 21 peak of $2,222. Alternatively, Gold buyers need a clear upside break of the 100-SMA and 200-SMA convergence, close to $2,343-44 by the press time, to retake control. Even so, a three-week-old descending resistance line will test the XAUUSD bulls around $2,371. In a case where the precious metal remains firmer past $2,371, the monthly high of near $2,387 and the $2,400 threshold could challenge the upside momentum targeting a two-month-old horizontal resistance area surrounding $2,433-34. Overall, Gold teases sellers after the top-tier catalysts but a clear break of $2,288 becomes necessary to expect the metal’s further downside.
OANDA:XAUUSD
by MTradingGlobal
XAUUSD: Waiting for a new selling opportunity from FOMCHi everybody, In today's trading session, gold prices increased slightly. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting starting this morning (June 12) could push gold prices down. While demand from bargain hunters has boosted gold prices, gains have been limited by a strong US dollar. Recent positive economic news from the US suggests the Fed may continue its current monetary policy for longer. Additionally, with several major central banks having already cut interest rates and possibly further cuts in the coming months, the dollar remains high and could rise further, putting pressure on gold. Stay tuned to see how the market behaves in the coming days!
OANDA:XAUUSDShort
by HamedMarkets
5
EURUSD traders should focus on 1.0790, US inflation and FedEURUSD licks its wounds at the lowest level in six weeks as the pair traders await the US Consumer Price Index (CPI) for May and the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve (Fed). Also important are the final readings of Germany’s inflation data for May and speeches from a slew of European Central Bank (ECB) officials. In doing so, the Euro pair keeps the week-start fall beneath the 200-day Simple Moving Average (SMA) and a one-month-old ascending support line, a part of the short-term bullish triangle. Not only the downside break of the key SMA and rejection of the bullish chart pattern but the bearish MACD signals and an absence of the oversold RSI (14) also keep the pair sellers hopeful. The same highlights February’s low of around 1.0695 as immediate support to watch during the quote’s fresh downside. Following that, an upward-sloping trend line from October 2023 near 1.0650 will act as the final defense of the buyers. In a case where the pair remains bearish past 1.0650, it becomes vulnerable to refresh the yearly low, currently around the 1.0600 threshold. On the contrary, softer US inflation and the Fed’s inability to convince the policy hawks despite avoiding the looming rate cut can trigger the EURUSD pair’s recovery. In that case, a convergence of the 200-SMA and support-turned-resistance line around 1.0790 will be in the spotlight. Should the Euro buyers manage to provide a daily closing beyond the 1.0790 hurdle, as well as cross the 1.0800 round figure, the 50% Fibonacci ratio of its July-October 2023 decline, around 1.0865, and then to a five-month-old descending resistance line, near 1.0915, can’t be ruled out. It should be observed, however, that the buyers will face heavy resistance past 1.0915 as the aforementioned triangle’s top line of 1.0920 will precede the 61.8% Fibonacci ratio near 1.0960 and an 11-month-old falling trend line surrounding 1.1010 to restrict the further upside. Overall, EURUSD remains on the bear’s radar beneath 1.1010 while 1.0790 acts as an immediate key upside hurdle.
by MTradingGlobal
Avanti Feeds Ltd | Momentum pattern BOAvanti Feeds Ltd | Momentum pattern BO Avanti Feeds is a leading provider of high quality shrimp feed, best technical support to the farmer and caters to the quality standards of global shrimp customers Financial :strong Market Cap = 7,554 Cr. ROCE =18.3 % ROE = 13.4 % Debt to equity = 0.00 Promoter holding = 43.3 % Quick ratio = 3.84 Current ratio = 5.52 Piotroski score =8.00 Profit Var 3Yrs = -7.62 % Sales growth 3Years = 7.32 % Return on assets = 11.4 % this is pure symmetrical triangle pattern break out with large volume. as well as RSI also shows in full momentum zone . you should watch this stock for long term. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
NSE:AVANTIFEEDLong
by Momentuminvesting5540
📊 Equitas Small Finance Bank Analysis - Week Starting 19th FebNSE:EQUITASBNK Last Closing Price: 💵 107.20 50-Day Moving Average: 📈 Crossed Over @ 406.52 (Short Term Bull Run) EMA & MA Crossover: 🔄 Pending @ 104.00 & 102.62 (Bullish Trend Re-establishment Expected) Parabolic SAR: ✅ Bullish @ 99.00 Fibonacci Levels: Closed Above 📏 0.382 @ 106.05 Next Target 🎯 Above 0.50 @ 108.05 (Strengthening Buy Signal) MACD: Signal Value: 📶 1.28 MACD Value: 📈 1.31 Stochastic RSI: 🔄 K58.67 ➡️ D32.73 (Bullish Crossover) %R (Williams Percent Range): 📈 Upper Band @ 7.87 Fisher Transform: 🐟 Positive @ 1.42, Trigger @ 2.53 (Bullish) 🎯 Targets: First Target: 🎯 110.15 (Fibonacci 0.618 Level) Second Target: 🎯 112.95 🛑 Stop Loss: ⚠️ 99.60 (Fibonacci 0 Level) ⚠️ Disclaimer: This content is provided for informational purposes only. It is not intended as financial advice. Trading involves risks and is influenced by external market conditions. Conduct your research or consult a financial advisor. #EquitasSmallFinanceBank #TechnicalAnalysis #StockMarket #NSE #TradingView #Investing #Finance #Stocks #BullishTrends #TradingSignals #MarketAnalysis #FibonacciLevels #StochasticsRSI #MACD #ParabolicSAR
NSE:EQUITASBNKLong
by finogent
Gold→ Cause of decline. Can gold fall even lower? 2265Traders! Gold is making new lows and there are a number of reasons for that. Price after Friday's sell-off is returning to the downtrend boundary, which determines our medium-term outlook. So why is gold falling? The market is negatively affected by the strengthening of the dollar, due to positive Nonfarm Payrolls for the US market, which usually shapes the medium-term mood for the market. Traders also turned bearish on news regarding China's Central Bank suspending global gold purchases. Technically, it is very likely that the downtrend on H1 will continue. Resistance levels: 2300,2315 Support levels: 2291, 2267 I expect local strengthening ahead of the next decline. Traders may attempt to buy back some of the decline (collect liquidity) before further testing support with a view to a breakout.
OANDA:XAUUSDShort
by HamedMarkets
1