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GOLD STORY #2: Things to watch out for when Gold corrects In the past 24 hours, the price of gold (XAU/USD) has dropped to $2,657/ounce, let's review the trading plan 🔎 1/ Fundamental Analysis 🔴 Global economy and market sentiment: • Rising DXY Index: The DXY Index, which measures the strength of the USD against a basket of major currencies, crossed the 110.00 mark for the first time since November 2023. A rising USD usually puts downward pressure on gold prices, as USD-denominated gold becomes more expensive for investors holding other currencies. • Positive US economic data: The latest jobs report showed positive Non-Farm Payrolls figures, reducing expectations that the US Federal Reserve (Fed) will cut interest rates, thereby supporting the USD and putting pressure on gold prices. 📊 2/ Technical Analysis 🔵 Looking at the H4 chart, you can see that the price is at the important support zone of 266x 🔵 The price structure of H4 and H1 has changed when Keylever 2664 has been broken 🔵 Looking at the H1 price channel, you can see that the price line shows that the sellers are still strong, the price trend is likely to find the support zone below at 265x 📈 3/ Trading Plan 🟢 BUY: We have to wait for a clearer price structure at the current support zone. Do not rush to place orders when yesterday's selling momentum has not been fully absorbed. Our buy plan will be based on the price structure I drew on the chart plan. 🔴 SELL • If you currently have a good position at the resistance zone above, we can consider taking some profits and waiting for a better profit at the next support zone 261x~263x. Or: wait for price reaction at the current support zone to establish a position 🐂 Which side are you on – BULL or BEAR? 🐻 💬 Leave a comment and discuss with the community!
FX:XAUUSD
by TonyL0ng
Option Trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame. You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades.
NSE:NIFTYEducation
by SkyTradingZone
Technical trading Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified. ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NSE:KOTAKBANKEducation
by SkyTradingZone
Basic detail of MACDA Moving Average Convergence Divergence indicator is a trend-following momentum indicator that depicts the relationship between two price-moving averages. Traders use the MACD to determine whether bullish or bearish momentum is strong in order to determine when to enter and exit transactions. When the MACD line crosses above the signal line, it can be read as an indication to buy, while when it crosses below the signal line, it is an indication to sell.
NSE:HDFCBANKEducation
by SkyTradingZone
**Scenario for BTC**1️⃣ **Fundamental analysis:** 📊 Nonfarm data last weekend was good for the USD and impacted the interest rate cut policy. It is likely that we will have to wait until June for the next interest rate cut. 📉 Current market sentiment is affected by this information, plus the recent sharp increase in BTC price has made many people doubt the momentum to continue to increase to a higher price range. Therefore, the increase has temporarily slowed down. 2️⃣ **Technical analysis:** 🔹 **Week frame:** Last week closed not very optimistically when the price reacted badly at the resistance zone of 101k~104k. 🔹 **Frame D:** The price structure is also not good when there are 2 peaks with the latter peak lower than the previous peak. The price is approaching the support zone but there is no clear reaction, it is likely to adjust to a lower support zone. 🔹 **H4 frame:** Based on the Zigzag line, we can see the classic head-and-shoulders pattern. At this time, we should not catch the bottom when the price has created a lower peak, showing that the market sentiment is no longer interested in the possibility of BTC's price increase. 3️⃣ **Trading plan:** ✅ If you have a **SELL** order in a good position, congratulations! 🎉 You can absolutely wait for a better profit when BTC is likely to break the current support zone to reach the next support zone of 85~86xxx. ⛔ **Absolutely do not BUY** at the present time, when the price structure shows a short-term downtrend. 💪 **Wish you successful trading!** 🚀
COINBASE:BTCUSD
by TonyL0ng
option and database trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame. When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
BSE:SENSEXEducation
by SkyTradingZone
Technical trading Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified. ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
BSE:SENSEXEducation
by SkyTradingZone
SP500#1: HOW DOES NONFARM AFFECT SP500?🔎 1/ Fundamental Analysis 🟥 Political tensions: • The US increases pressure on Russia through energy sanctions. This could lead to trade retaliation, negatively affecting the economy. 🟥 Interest rate policy: • Interest rates are likely to remain unchanged until June, limiting the amount of money injected into the market – causing concern. 🟥 CPI data next week: • Inflation is the biggest determinant of interest rate policy. Forecasts show that inflation is likely to increase again, continuing to put pressure on the market. 💡 Basic conclusion: The market faces a less optimistic sentiment due to increasing economic and political risks. 📊 2/ Technical Analysis 🔵 W (Weekly) Frame: • This week closed with a long-tailed, long-bodied candle – a strong bearish sign. 🔵 D (Daily) Frame: • The bearish structure was confirmed after Friday's trading session. 🔵 H1 (Hourly) Frame: • The bearish price structure is clear: consecutive lower highs, the support trendline is broken. 💡 Summary: All three timeframes are supporting the downtrend. 📈 3/ Trading Plan 🟢 Correction strategy: • Support zone: 5676~5750. 👉 Wait for price reaction at this zone to find an opportunity to enter the order. ⚠️ Note: The weekly candle closes badly, profit expectations should not be too high. Do not rush to catch the bottom! 🔴 Trade in the direction of the trend: Resistance zone: 5890~5915. 👉 Plan: Wait for the price to react at the resistance zone to enter a sell order in the direction of the trend. 🎯 Profit target: 5680 - strong support zone. ❓ Which side are you on - BULL or BEAR? 💬 Leave a comment to discuss and exchange!
FX:SPX500
by TonyL0ng
GOLD STORY #1: XAUUSD SIDEWAY – SHOULD I BUY OR SELL NOW?🔎 1/ Fundamental Analysis 🔴 Global economy and market sentiment: • Non-farm payrolls (NFP) data: Positive results, showing that the US economy is growing steadily. • Inflation – the deciding factor: The Fed is still waiting for CPI data next week, which will be the most important factor for interest rate policy. • Uncertainty from Russia-US tensions: Trade and political sanctions continue to increase, creating greater risks for the global market. 💡 Summary: Although the USD received support signals from NFP, gold prices still maintained their upward momentum due to risk-off sentiment. 📊 2/ Technical Analysis 🔵 W (Weekly) Frame: • After 5 weeks of sideways, gold price bounced back strongly, continuing the main trend. • The weekly candle closed with a strong body, showing that the bulls are in control. 🔵 D (Daily) Frame: • The key level 2600 has been broken, but the resistance zone 2725~2750 has not given a positive signal. • The price touches the resistance but continuously creates higher lows – the market is still leaning towards the bulls. 🔵 H1 Frame: • The uptrend is clear, but the price is near the resistance zone. • The Risk-Reward (R:R) ratio is no longer attractive to trade in the uptrend. 📈 3/ Trading Plan 🟢 BUY – Follow the trend: • If you have a buy order at a low price, congratulations! 🎉 👉 You can: • Hold the order: If you expect the price to continue to break the resistance. • Close a part: When the price touches the resistance zone of 2725~2750 to preserve profits. • Note: If you do not have a position, you should not FOMO into this price zone because the R:R ratio is no longer ideal. 🔴 SELL – Counter-trend: • Although the uptrend does not support selling, you can consider: • Wait for the price reaction at the resistance zone of 2725~2750. OANDA:XAUUSD • Expected profit should be low because this is a counter-trend trade. 🐂 Which side are you on – BULL or BEAR? 🐻 💬 Leave a comment and discuss with the community! OANDA:XAUUSD
FX:XAUUSD
by TonyL0ng