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Gold Price Faces Heavy Pressure – Key Levels and Strategy GOLD DAILY STRATEGY – 14 MAY 2025 Price fails to hold gains as sellers dominate early Asia – Eyes on 3206 zone! 🔍 Market Sentiment Update: Gold started the day with a slight uptick, but the rally was quickly rejected, and price fell sharply — a clear signal that buying power remains extremely fragile. This kind of price behavior — slow climbs, rapid falls — is typical of a market losing confidence in its upside momentum. At the same time, geopolitical tensions have eased and US-China tariff talks have shown signs of progress, further pressuring gold as safe-haven demand weakens. All major macro indicators are now aligning with the bearish narrative. 🟠 Conclusion? Gold is likely to stay within the current descending price channel, and any bullish pullbacks may be limited unless strong demand re-emerges. 📉 Technical Outlook: Price is trading below key resistance and continues to reject upside attempts. The market is respecting short-term resistance zones and pushing deeper into support. Unless there’s a clear reversal signal, selling on rallies remains the optimal approach. 📌 Key Resistance Zones: 3244 3262 3278 3290 3308 3330 📌 Key Support Zones: 3216 3206 3194 3170 3158 🎯 Trade Setups: 🔴 SELL SCALP Entry: 3257 – 3259 SL: 3263 TP: 3253 → 3250 → 3246 → 3242 → 3238 → 3235 → 3230 → 3220 🔴 SELL ZONE Entry: 3278 – 3280 SL: 3284 TP: 3274 → 3270 → 3266 → 3262 → 3258 → 3254 → 3250 → 3240 → 3230 🔵 BUY SCALP Entry: 3196 – 3194 SL: 3190 TP: 3200 → 3204 → 3208 → 3212 → 3216 → 3220 🔵 BUY ZONE (Long-Term Zone) Entry: 3158 – 3156 SL: 3152 TP: 3162 → 3166 → 3170 → 3174 → 3178 → 3182 → 3190 ⚠️ Final Notes: Price action continues to respect the bearish channel. BUY entries are risky at this point — every bounce is met with resistance. Watch closely for price behavior near 3222–3206 for possible intraday reactions. News events remain critical — any update from US-China talks or surprise Fed remarks could change the bias swiftly. 📌 As always — respect your zones. Stay reactive, not predictive. Trade safe, and let the market show its hand.
OANDA:XAUUSDShort
by MMFlowTrading
Big Bank BREAKOUT! Canara Bank Ready📉 Breakdown of the Setup: ✅ WTF CT (White Lines): 3+ confirmed touches → clean descending counter-trendline. ✅ Hidden Resistance (Dotted White Line): Clear breakout above key hidden level. Historic reaction zone. ✅ MTF Resistance (Yellow Line): Long-term resistance just above; nearing test zone (confluence resistance area ahead). ✅ Green Zone (Support/Resistance Flip): Acted as strong support in 2024. Fake breakdown trap ✔️ Price back above = bullish bias reinstated. ✅ Volume Surge: 124M+ on breakout candle ➕ major bullish close.
NSE:CANBKLong
by Averoy_Apoorv_Analysis
Supply-Demand Flip Play with Volume Spike📈 BHARAT DYNAMICS LTD | Supply-Demand Flip Play with Volume Spike 📅 Date: May 09, 2025 📈 Timeframe: 15-Minute 🔍 Stock: BDL (NSE) 📊 **Price Action Update (Today):** BDL opened strong at 1455 and rallied till 1595 before slipping down from a previously tested **Supply Zone (1547.40 – 1576.00)** The intraday move witnessed a sharp bullish rally from sub-1,455 levels, only to reverse sharply from the overhead supply. This creates a textbook example of **supply rejection after a demand-driven impulse**. The candle near close reflects a high-wick bearish rejection. 🧠 **Technical Overview:** Today’s session was a high-volatility play showcasing both demand and supply dynamics. A **Possible Demand Zone (1447.30 – 1460.90)** emerged from a sharp buying reaction, indicating strong institutional interest. The price shot up almost ₹100 points in a short span with surging volumes, testing the overhead **Retested Supply Zone**, which held firm — confirming sellers’ presence. This makes the area between **1547 and 1576** a critical resistance for future rallies. Until broken decisively, traders should remain cautious about fresh longs at higher levels. 🧩 **Chart Pattern Insight:** BDL’s 15-min chart displays a classic **Demand-to-Supply Flip** — a rally from demand, quick run-up, and sharp rejection at a pre-marked supply. This is often referred to as a “trap move” where late buyers are caught at highs. The clean volume spike at the breakout and immediate rejection within the supply zone is a common pattern seen in smart money distribution phases. Traders can look for potential **shorting setups** if the price re-enters the supply with weak momentum or **buying opportunities near the demand zone**, only with volume confirmation. 🧱 **Support & Resistance Analysis:** * 🔼 **Resistance (Supply Zone):** 1547.40 – 1576.00 * 🔽 **Support (Demand Zone):** 1447.30 – 1460.90 A breakout above 1576 with strong volume can invalidate the supply zone. Until then, this remains a selling area. On the downside, if the price revisits the demand zone, it may offer a low-risk buying opportunity — but only if it holds with bullish candles and rising volume. 🔍 **Volume Analysis:** The volume surged dramatically on the rally towards the supply zone, showing panic buying or aggressive short covering. The final rejection candle also saw elevated volume, which adds weight to the **supply zone rejection thesis**. Prior candles had lower volume, indicating absorption near lows and sudden spike into resistance. This is a signature behavior of “liquidity grabs.” 📌 **Educational Insight:** This chart provides a clean **example of how price reacts to supply and demand zones**, especially intraday. Demand zones are best used for potential long setups only after a bullish confirmation, while supply zones can be used for shorts or to exit longs. These zones act as emotional points — where institutions look to trap retail traders. For intraday traders, this scenario shows why waiting for confirmation is key before entering trades around such zones. ⚠️ **Disclaimer:** This analysis is for educational purposes only and does not constitute any investment advice or stock recommendation. Please consult with your financial advisor before taking any trading decisions. This post complies with SEBI regulations and is intended to promote financial literacy.
NSE:BDL
by simpletradewithpatience
3
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
TAJGVK – Bullish Reversal in Play | Swing Targets Ahead Stock: TAJ GVK HOTELS & RESORTS (NSE: TAJGVK) Date: May 13, 2025 CMP: ₹407.90 (+12.66%) 🔍 Technical Overview TAJGVK has shown a strong bullish reversal from a major weekly support zone, indicating a potential end to the corrective structure (A)-(B)-(C) and opening room for a strong upside swing. 📊 Key Levels & Structure 🟧 Weekly Support Zone (₹330.60 – ₹340.00) Major historical demand zone. Price reversed sharply from this level, confirming bottom (C). 🔴 Stop Loss (₹369 – Daily Close Basis) Any daily close below ₹369 invalidates the bullish outlook. Crucial for risk management. 🎯 First Target: ₹500 Previous resistance zone and psychological level. Likely to see initial profit booking or consolidation here. 🔄 Interim Pullback Zone: ₹460–₹470 Minor retracement zone before continuation toward second target. Healthy correction expected before breakout. ✅ Second Swing Target: ₹549 – ₹576 Extension level based on Fibonacci projections. Strong upside potential if ₹500 is breached with volume. 💡 Trade Plan Entry Zone: ₹385 – ₹395 (on dips) Stop Loss: ₹369 (daily close basis) Targets: 📌 Target 1: ₹500 📌 Target 2: ₹549 – ₹576 Risk-Reward: ✔️ Attractive R:R setup with defined structure. 📌 Conclusion TAJGVK is presenting a well-structured bullish reversal pattern with clear levels and a favorable entry zone. Strong bounce from weekly support suggests bulls are back in control. This setup is ideal for swing traders looking for a high probability move. 💬 Share your thoughts or similar setups you're watching! 👍 Like & Follow for more technical breakdowns and swing trade ideas! #TAJGVK #SwingTrading #NSE #TechnicalAnalysis #PriceAction #TrendReversal #StocksToWatch
NSE:TAJGVKLong
by LiveTradingBox
MEDPLUS : ~49% return possible in near to mid termHi Friends, Its best to select your stocks based on company bussiness (Check Q-o-Q & Y-o-Y sells, profit, debt level, NPA if bank/nbfc). I believe in buy & hold good stocks (as per above parameters) having favorable technical pattern and sell once target is achieved. So I keep my stoploss really deep and don`t believe in frequent entry and exit in stocks based on it. Pattern : VCP & Inverse head and shoulder pattern Targets & Stop-losses are mentioned on the self explanatory chart . Duration : 6-8 Months Please feel free to comment or share your views on my analysis . Note : I am not SEBI registered advisor . Please consider my analysis for education purpose only .
NSE:MEDPLUSLong
by yadkr11
TATA MOTORS – Textbook CT Breakout on Weekly Chart🔍 Key Technical Highlights: ✅ CT Breakout: Clean break above a long-standing counter-trendline drawn from the November 2024 highs. The breakout is decisive, with the latest weekly candle closing convincingly above the CT. ✅ Volume Confirmation: Weekly volume surged to ~9M, confirming strong participation behind the breakout — a critical condition for higher timeframe setups. ✅ Simple Base at 200 EMA: Price formed a simple base right at the 200-week EMA, absorbing selling pressure and building strength before the breakout. This acts as a reliable launchpad, often seen in high-quality setups. ✅ EMA Recovery: The breakout candle reclaims the 200 EMA, a strong sign of trend reversal and institutional interest.
NSE:TMPVLong
by Averoy_Apoorv_Analysis
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
DIXON: Trading strategy for nre uptrend.Dixon: The price is projected to test the support range of 14825-14635, and from there price will possibly reverse to reach the upside targets of 17687 and 18357 for the longer term. If the price before testing the support breaches immediate resistance, the buying entry will be the same level (but the validation of this level is a must), for the given upside targets. RSI suggest the test of support first as it has breached the 50 mean level.
NSE:DIXONLong
by AbsoluteAnalytics
Big Money is Moving In—This Chart Screams BREAKOUT!A deep technical revisit on PREMEXPLN reveals a textbook example of structure, confluence, and timing: ✅ Previous Cup & Handle Breakout Zone (Yellow) The stock gave a massive breakout in mid-2023 from a well-formed Cup and Handle base. This zone, once a strong resistance, now acts as a long-term structural support (highlighted in yellow). ✅ Fibonacci Retracement from ATH to CMP A Fibonacci retracement from the all-time high of ₹906.4 to current levels shows a 61.8% retracement near ₹399, aligning perfectly with the current bounce zone. ✅ Red-to-Green Flip Zone The stock previously struggled around ₹420–₹480 (red resistance block), but now this zone is flipping into support with price reclaiming it—textbook polarity flip. ✅ WTF Counter-Trendline Breakout A clean weekly CT breakout is visible with strong bullish conviction. The breakout candle engulfs the previous sell-off wick, signaling wick fill + rejection absorption—a bullish candle combination. The breakout is supported by a noticeable volume spike (7.78M).
NSE:PREMEXPLNLong
by Averoy_Apoorv_Analysis
BTC/USD – Daily Trade Plan | 10 May 2025🟢 BTC/USD – Daily Trade Plan | 10 May 2025 "Breakout Incoming? Price Coiling Tighter Near Key Resistance!" 🔍 Market Overview: Bitcoin has shown strong upward momentum after breaking past the $99,000 mark, reaching a short-term high at $104,269.47. Since then, price has consolidated within a narrowing range. The daily structure remains bullish, but short-term selling pressure is visible — especially ahead of the weekend and macro uncertainty. 🧭 Technical Landscape: 🔺 Resistance Zones: $104,269.47 – Local top, price has failed to break this level several times. $105,765 – $106,917 – Previous rejection zone + Fibonacci confluence. $108,045 – Possible extension target if breakout confirms. 🔻 Support Zones: $102,301 – Immediate intraday support; likely first retest. $99,379 – Strong mid-range support, aligned with Moving Average & FVG. $97,093 – Long-term trendline & high-demand zone. 📊 Scenario 1: Bullish Breakout Continuation If BTC holds above $102,300 and breaks H4 resistance: 🔵 Buy Entry: $102,500 – $102,300 🎯 Targets: $104,000 → $105,700 → $106,900 → $108,000 🛑 Stop Loss: $101,800 📉 Scenario 2: Liquidity Grab & Deep Pullback If BTC loses $102,300 support, expect a move to collect liquidity around $99K: 🔵 Buy Entry: $97,200 – $97,000 🎯 Targets: $99,000 → $101,000 → $102,500 🛑 Stop Loss: $96,400 ⚠️ Key Market Considerations: 🧊 DXY Recovery: Short-term USD strength may cap BTC upside. 🏦 Fed Policy Tone: Remains hawkish. Any USD volatility can shift crypto sentiment. 🔼 Long-Term Trend: Still bullish. Focus on buy-the-dip setups rather than chasing highs. 📝 Final Thoughts: Bitcoin is entering a coiled zone, awaiting high-volume confirmation. Breakouts or sharp rejections from the current range will decide the next leg. 🚀 Stay patient — Wait for clean candle closes (H4 preferred) 🔒 Stick to your SL/TP — Discipline defines success 💡 Avoid mid-range FOMO. Let price tell the story.
COINBASE:BTCUSD
by MMFlowTrading
GOLD – BREAKOUT OR TRAP BEFORE THE WEEKEND?📊 GOLD – BREAKOUT OR TRAP BEFORE THE WEEKEND? The gold market is showing significant liquidity sweeps this Friday. In the early Asian session, price pushed down to the 327x region, collecting liquidity, before swiftly rebounding. On the M30 chart, multiple Fair Value Gaps (FVGs) have formed and been filled — signaling accumulation and potential setup for a major move. 📉 Technical Perspective: Gold has been moving within a parallel descending channel since yesterday. However, during the late Asian session, we saw the first signs of a possible breakout. If the candle closes above 3,324, this could confirm a breakout — at which point an early BUY entry on the retest would be ideal. 🔥 Fundamental Notes: The market remains highly sensitive to geopolitical news, especially tensions between nations and potential tariff announcements from Donald Trump regarding China. In this climate, trading based on key level reactions is safer than predicting direction. The zones 3,324 and 3,366 will be crucial decision points for bulls and bears. A breakout above 3,366 could shift the short-term trend bullish. 🔺 Key Resistance Levels: 3,345 3,364 3,395 🔻 Key Support Levels: 3,280 3,270 3,256 3,244 3,225 📈 Trade Setup – Friday Strategy: 🔵 BUY ZONE: Entry: 3,280 – 3,278 Stop Loss: 3,274 Take Profits: 3,285 → 3,290 → 3,295 → 3,300 → 3,305 → 3,310 → 3,320 🔴 SELL ZONE: Entry: 3,364 – 3,366 Stop Loss: 3,370 Take Profits: 3,360 → 3,356 → 3,352 → 3,348 → 3,344 → 3,340 → 3,330 ✅ Final Note: Fridays often bring sharp liquidity grabs. Stay cautious, especially with heightened geopolitical tension and pending policy statements from global leaders. Always respect your TP/SL zones to protect your capital. 📌 Let price lead. React to structure. Avoid chasing noise. Wishing all traders a safe and profitable end of the week!
OANDA:XAUUSDLong
by MMFlowTrading
1
Bullish Momentum with EMA200 and Volume Confirmation📈 CRISIL Technical Analysis | Bullish Momentum with EMA200 and Volume Confirmation 📅 Date: May 08, 2025 📈 Timeframe: Daily 🔍 Stock: CRISIL(NSE) 📊 Price Action Update (Today): CRISIL surged by +6.59%, closing at 5,010.30, after trading in a range between 4,690.20 and 5,050.00. The stock formed a strong bullish candle, resembling a Marubozu, with a close near the day’s high — a clear sign of aggressive buying. This breakout comes after a tight consolidation phase, and is supported by heavy volume, indicating strong participation and conviction in the move. 🧠 Technical Overview: CRISIL has shown a decisive shift in structure with today’s breakout above its 200-day EMA, signaling a potential trend reversal. The stock had been consolidating in a narrow range for several sessions, building energy for a directional move. Today's breakout is validated by a surge in volume (2.5x the 20-day average), along with supportive indicators like RSI crossing 60, Bollinger Band expansion, and the TTM Squeeze turning OFF. These combined signals suggest that the stock is entering a momentum phase, where further upside is likely if follow-through buying continues. Immediate attention should be on price behavior around the next resistance at 5,143. 🧩 Chart Pattern Insight: The price action on the daily chart reveals a rectangle consolidation breakout. CRISIL had been trading within a well-defined horizontal range, forming a base between 4,600 and 4,800 for several sessions. This pattern represents a period of accumulation. Today’s strong breakout candle marks a range breakout with volume confirmation, turning the previous resistance zone into potential support. The structure resembles a base breakout pattern, often seen before the start of a new uptrend. A sustained move above the breakout zone may lead to a measured move towards the next resistance levels. 🧱 Support & Resistance Analysis: Post-breakout, CRISIL has established a new support base around 4,784, which was previously a resistance level during consolidation. Below this, the next key supports lie at 4,557 and 4,423, providing a cushion in case of any pullbacks. On the upside, the immediate resistance to watch is 5,143, a level where price previously reacted. If the momentum continues, CRISIL may test 5,276 and 5,503 in the coming sessions. These levels will be crucial in determining whether the breakout evolves into a sustained trend or faces short-term profit booking. 🔍 Volume Analysis: The recent price movement in CRISIL shows a noticeable increase in volume, with traded volume at 2.5 times the 20-day average, suggesting heightened market activity. The breakout candle, paired with this significant volume, indicates a potential shift in the market trend. Prior to this, volume was relatively lower during the consolidation phase, indicating a period of accumulation or base-building. This typical volume pattern — lower during consolidation and higher during a breakout — strengthens the case for a potential trend change. The volume profile suggests a shift in market sentiment, with buying interest becoming more prominent in the 4,700–4,800 range. The breakout candle shows a notable volume exceeded 270K, indicating increased buyer participation. Additionally, selling pressure observed in the 4,500–4,700 zone seems to have been absorbed, which may indicate a potential for further price movement. 📌 Educational Insight: The recent breakout in CRISIL Ltd is a strong example of a trend reversal confirmed by volume, offering valuable insights for those studying price action, trend shifts, and volume dynamics. This setup illustrates how multiple indicators — including trend, volume, and volatility — align to suggest the potential for a trend continuation. Traders often look for such setups to make risk-defined entries during pullbacks. The breakout is characterized by significant volume and a full-bodied green candle on the daily chart, supported by several technical factors, such as volume and delta support, an EMA 200 crossover, and volatility expansion after a squeeze. The outlook for CRISIL Ltd remains bullish, driven by multiple technical confirmations. However, caution is advised as the price approaches Resistance Levels 1 and 2 (R1–R2), where profit booking may occur. Additionally, if the price falls below 4,783 with volume confirmation, traders should consider reevaluating their positions. ⚠️ Disclaimer: This analysis is purely educational and not a buy/sell recommendation. Please consult your financial advisor before making investment decisions. This content complies with SEBI guidelines and is intended to promote learning and market awareness.
NSE:CRISILLong
by simpletradewithpatience
5
POST-FOMC MARKET OUTLOOK | Is Gold Poised for More Gains?🟡 GOLD 08/05 – POST-FOMC MARKET OUTLOOK | Is Gold Poised for More Gains? After last night’s FOMC meeting, the outcome came in line with expectations — the Fed held rates steady at 4.25%–4.50% and maintained a hawkish tone. Powell reinforced that there is no urgency to cut rates and that future policy will depend on incoming economic data. Despite some dovish hopes from the market, the Fed remained cautious — no pivot, no surprises. 🔥 Geopolitical Tensions: Meanwhile, geopolitical stress between India and Pakistan is escalating again around the Jammu-Kashmir region. This could continue to act as a bullish driver for gold, especially in Asia where safe-haven demand is more sensitive to border conflicts. 🧠 Market View: BUY Setup Still Dominates Over the past few sessions, gold has shown strong accumulation followed by solid bullish momentum. As long as candle structure remains healthy, buying dips near 338x–336x remains the preferred strategy. However, if an unexpected catalyst drives a breakdown below 336x with confirmation from candle close, this could invalidate the short-term bullish bias and open the door for a sell setup, targeting the large liquidity gap between 3354 to 3340. Until then, trade the range — respect top and bottom of key intraday zones. 📉 TECHNICAL ZONES TO WATCH: 🔺 Resistance Levels: 3396 3408 3430 3455 🔻 Support Levels: 3384 3366 3354 3334 🎯 Trade Plan: 🔵 BUY ZONE: 3336 – 3334 SL: 3330 TP: 3340 → 3344 → 3348 → 3352 → 3356 → 3360 🔴 SELL ZONE: 3430 – 3432 SL: 3436 TP: 3426 → 3422 → 3418 → 3414 → 3410 → 3400 ⚠️ Key Event Ahead: Today’s US session brings the Unemployment Claims report — known to trigger high volatility in precious metals. Stay alert, and always wait for confirmation candles before executing trades near critical zones. ✅ Follow for real-time updates and mid-session trade setups. 💬 Drop your view in the comments below – are we going to break higher or revisit liquidity zones?
OANDA:XAUUSD
by MMFlowTrading
Setup – Watch This Triangle Breakout! 🔺 Nifty50 Triangle Breakout – Big Move Loading? 📊 📆 30th April | 15-Minute Chart Nifty is tightly squeezed inside a symmetrical triangle, and a breakout or breakdown looks imminent! 🔍 Levels to Watch: 📈 Breakout Above: 24,371.60 → Possible Level: 24,395.20+ 📉 Breakdown Below: 24,313.55 → Possible Level: 24,290.40- 📊 Volume is compressing – this usually signals a powerful move ahead. Wait for clear candle confirmation with volume before entering. 🔔 💬 Patience pays. Trade the breakout, not the noise!
NSE:NIFTY
by simpletradewithpatience
Rising Wedge Breakout or Trap?📈 Nifty 50 – Rising Wedge Breakout or Trap? 🔍 🗓️ 2nd May 2025 | 15-Min Chart Analysis The Nifty 50 has been respecting a rising wedge pattern over the past few sessions. Today, we witnessed a sharp bounce from the lower trendline with a strong bullish candle and volume spike — just enough to test the upper boundary of the wedge! 💡 Key Observations: Price touched the upper trendline resistance – caution advised 🚨 Volume spike hints at possible breakout attempt or smart money exit Watch closely: A breakout with volume = bullish continuation 📈 A rejection here = possible reversal 📉 🔔 My Take: Momentum is strong, but the structure looks fragile. If it breaks out and sustains above the wedge, we could see a 100–150 point move. Else, a reversal towards 24,300 or below is also on the cards. Stay alert. 📊 Always trade with proper risk management. 📌 What’s your view? Breakout or fakeout? Drop your thoughts below!
NSE:NIFTY
by simpletradewithpatience
Falling Wedge Breakout with Bullish Momentum | 15-Min Chart🏦 BANK NIFTY – Falling Wedge Breakout with Bullish Momentum | 15-Min Chart 📅 Date: May 5, 2025 📈 Timeframe: 15-Minute 🔍 Instrument: Nifty Bank Index (NSE) 📌 Technical Overview: Bank Nifty is currently showing signs of a short-term bullish reversal on the 15-minute chart. The index formed a classic falling wedge pattern, which is typically seen before upward price moves. A recent breakout attempt is seen from the wedge structure, supported by steady green candles and slight volume recovery. 🧩 Chart Pattern: The Falling Wedge is marked by two converging green trendlines. Inside the wedge, the price made lower highs and lower lows, forming a compact structure. The breakout leg is forming with strength and is approaching a tested supply zone around 55,350–55,450. 🔍 Key Price Levels: Support Zone: ~54,800 (Lower boundary of the wedge) Immediate Resistance: ~55,350 (Tested supply zone) Current Market Price (CMP): 55,001.65 If the price sustains above 55,070 and breaks out with volume, we may see bullish continuation toward 55,350–55,600. 📊 Volume Analysis: Volume remained low during the wedge formation – a healthy sign. A volume breakout confirmation is awaited. Keep an eye on a green volume bar spike as price crosses wedge resistance. 🧠 Observational Bias: As long as price holds above 54,800, the short-term bias remains bullish. A successful retest of the breakout zone or a strong close above 55,070 with volume may offer a high-probability intraday opportunity. 📌Note: Traders can wait for a confirmation candle (close above wedge) before entering. Risk management is key—keep stop loss below 54,800.
NSE:BANKNIFTY
by simpletradewithpatience
Massive Breakout Loading? GOKEX Smashes Through Triple TimeframeGOKALDAS EXPORTS LTD (GOKEX) is showing serious strength with a powerful breakout candle currently in play – but the real story is the multi-timeframe technical alignment: 📏 MTF Structure Yellow Parallel Channel from Monthly shows a long-term structure still intact. Red Horizontal Resistance marks the previous MTF peak – now under threat. 🔻 WTF Pressure Pink Counter-Trendlines acted as significant resistance on the Weekly – both pierced. ⚡ DTF Precision White CT Line (Daily) finally broken with conviction. Dotted White Lines reveal multiple hidden resistances — all cleanly taken out by today's surge. 📊 Volume & Candle Strength Volume spiking, price up over 16% intraday — just waiting on confirmation at close. 🧠 Watch Closely: A close above today’s highs could flip this into a full-blown A+ breakout setup.
NSE:GOKEXLong
by Averoy_Apoorv_Analysis
2
Falling Wedge Breakout + AB=CD Bullish Pattern | Daily Chart📈 KEI INDUSTRIES LTD – Falling Wedge Breakout + AB=CD Bullish Pattern | Daily Chart 🗓️ Date: May 07, 2025 💹 Timeframe: Daily 🏢 Stock: KEI Industries Ltd (NSE) 📊 Chart Analysis Overview: KEI has broken out of a Falling Wedge pattern, a classic bullish continuation/reversal signal, backed by strong volume surge and a completed AB=CD harmonic leg — indicating the bulls are stepping in with conviction. After weeks of corrective move, the price respected the wedge’s support, formed higher lows, and has now convincingly breached the upper trendline. 🔎 Pattern Breakdown: ✅ Falling Wedge: Identified with red trendlines showing price compression. ✅ AB=CD Harmonic: Blue legs marking symmetrical retracement and projection. ✅ Breakout Confirmation: Bullish candles closing above the wedge resistance with momentum. 📌 Key Technical Levels: 🔴 Support Zone: ₹2,424 (Previous swing low & harmonic completion) 🟢 Resistance Ahead: ₹3,324 (Recent price ceiling) ⚡ CMP: ₹3,318.50 A clean close above ₹3,324 could ignite the next leg of momentum, possibly toward ₹3,500–₹3,650 in coming sessions. 📈 Volume Insight: Breakout is supported by a noticeable volume expansion — suggesting participation by smart money and institutional interest. 📰 March Quarter Results – Strong Fundamentals: 📈 Consolidated Net Profit: 🟢 ₹226.5 Cr — up 34.5% YoY (vs ₹168.5 Cr last year) 📊 Revenue: 🟢 ₹2,914.8 Cr — up 25.1% YoY (vs ₹2,329.9 Cr) This earnings momentum adds a fundamental tailwind to the ongoing technical rally. 🧠 Market Bias & Strategy: As long as the price holds above ₹3,000 and respects the breakout structure, the trend favors bullish momentum traders. 📍 Lookout for a pullback-to-retest near ₹3,200–₹3,250 as a potential entry zone with low-risk, high-reward setup. 🔔 Disclaimer: This analysis is for educational purposes only, not investment advice. Always do your own research or consult your advisor before trading.
NSE:KEILong
by simpletradewithpatience
6
Gold Plunges from 3435 After China Rate Cut FOMC Storm Incoming?Gold Plunges from 3435 After China Rate Cut – FOMC Storm Incoming? 📅 May 7, 2025 | XAU/USD Intraday Outlook Gold faced a sharp decline in early sessions today, dropping nearly 800 PIPS from 3,435 down to the 3,36x range. While the fall appeared aggressive, the macro backdrop may provide clues — especially ahead of tonight's high-stakes FOMC meeting. 🔍 What Triggered the Sell-off? 1️⃣ China Cuts Rates by 10bps Unexpectedly: Just ahead of U.S.–China trade talks, China slashed its benchmark interest rate by 10bps. While the move supports Chinese markets, it also boosts the U.S. Dollar (DXY), creating headwinds for gold. 2️⃣ Investors Awaiting FOMC Clarity: Traders are hesitant to buy gold near recent highs, especially with the Fed expected to signal rate direction tonight. There’s growing speculation that today's events are part of a broader setup for potential Fed easing. 3️⃣ Geopolitical Tensions Not Helping Gold – Yet: Despite renewed tensions between India and Pakistan, and a volatile global climate, gold hasn't responded bullishly — a sign that technicals and macro shifts are temporarily outweighing news-based fear. 📈 Technical Analysis – Dual Scenarios in Play Gold is now moving in a wide, volatile range. Liquidity grabs at both ends are likely, and traders should adopt a flexible, confirmation-based approach rather than sticking to one directional bias. 🔺 Key Resistance Zones: 3,390 3,402 3,416 3,432 3,444 3,468 🔻 Key Support Zones: 3,365 3,356 3,332 3,314 🎯 Trade Plan – May 7, 2025 (Pre-FOMC Strategy) 🔵 BUY SCALP • Entry: 3,355 • SL: 3,350 • TP: 3,360 → 3,364 → 3,368 → 3,372 → 3,376 → 3,380 🔵 BUY ZONE • Entry: 3,332 – 3,330 • SL: 3,326 • TP: 3,336 → 3,340 → 3,344 → 3,348 → 3,352 → 3,358 → 3,365 📌 KEY BUY LEVEL to Watch: → 3,314 – 3,312 ⚠️ This is a critical Fibonacci zone. If broken, trend structure may be compromised. Use wide SL (~6 PIPS) with open TP structure. 🔴 SELL SCALP • Entry: 3,430 – 3,432 • SL: 3,436 • TP: 3,425 → 3,420 → 3,415 → 3,410 → 3,400 🔴 SELL ZONE • Entry: 3,468 – 3,470 • SL: 3,474 • TP: 3,464 → 3,460 → 3,455 → 3,450 → 3,445 → 3,440 → 3,430 ⚠️ Final Thoughts: Today’s FOMC statement will likely dominate market direction for the rest of the week. Volatility is expected to increase sharply. With both macro and geopolitical catalysts in play, risk management is non-negotiable. 🔐 Stick to key zones. Avoid trading the news blindly. Wait for price action confirmation — and remember: capital protection beats every setup. 📌 Follow this post to get real-time updates after FOMC and new breakout zones for Thursday.
OANDA:XAUUSDLong
by MMFlowTrading
Range-Bound Between Key Supply & Demand Zones🏦 HDFC Bank Ltd – Range-Bound Between Key Supply & Demand Zones 📊 Timeframe: 15-Minute | Exchange: NSE | Date: May 6, 2025 CMP: 1,929.00 🔴 Retested Supply Zone: 1949.60 - 1958.40 This zone previously acted as resistance after a sharp fall. Price revisited the zone but was rejected, indicating potential selling pressure. A breakout above this level could trigger bullish continuation. 🟢 Possible Demand Zone: 1898 - 1891.80 Price rebounded from this zone earlier, showing possible accumulation by buyers. Not confirmed yet with multiple tests, but worth watching for potential support. Breakdown below this may open the door to further downside. 📌 Current Price Action HDFC Bank is currently consolidating between these two zones. No clear trend yet; price is oscillating sideways. Volume is decreasing, indicating lack of momentum in either direction. 📈 Levels to Watch Breakout Zone: 1,959+ Breakdown Zone: 1,890- 🔍 Observational Bias Bearish Bias: If price revisits 1949.60 - 1958.40 zone and shows rejection, potential short setups may emerge. Bullish Bias: If price retests 1898 - 1891.80 with bullish confirmation, long trades may be considered.
NSE:HDFCBANK
by simpletradewithpatience
3
Marico Ltd- Cup & Handle Breakout Forming?Marico Ltd.—Cup & Handle Breakout Forming? ☕️📈 📆 Date: April 10, 2025 📊 Chart Analysis: Marico is showing a classic "cup & handle" pattern, a bullish continuation setup. The price has successfully broken above the neckline resistance, indicating a potential for upward continuation if volume sustains. 📌 Key Levels: 🛑 Resistance (neckline—now flipped to support): ₹685 ✅ Support (Base of Cup): ₹580 🔼 Immediate Resistance Targets: ₹710 ➡️ ₹735 ➡️ ₹765 📈 Indicators & Technicals: ☕ Cup & Handle Pattern clearly visible with a rounded bottom and breakout above resistance. 🔍 RSI at 71.35 shows bullish momentum but is slightly overbought —a sign of strength with caution. 💹 Volume steadily increasing — confirms accumulation phase and breakout intent. 🟥 Multiple "Bear" RSI icons (prior weakness) followed by a ✅ "Bull" label hinting at a momentum shift. 📉 Bearish divergence in RSI is now getting invalidated by price strength and pattern breakout. 🧠 Trade Plan: 📌 Entry near ₹685–₹695 breakout zone 🎯 Targets: ₹710 ➡️ ₹735 ➡️ ₹765 ❌ SL: ₹670 (below neckline) 📌 Disclaimer: For educational purposes only. Do your own research or consult with a SEBI-registered advisor before trading or investing
NSE:MARICOLong
by PriceAction_Pulse