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Gold is waiting for market fluctuationsGold costs will remain caught until "some thing shakes up the marketplace as a whole." to get better again to 2,340 USD/ounce. This absolutely offset final week`s losses. Investors need to now no longer promote at the moment due to the fact "in case you are preserving gold long-term, there's no purpose to promote due to the fact the charge remains above 2,2 hundred USD/ounce". maximum humans are having impartial predictions gold The US economic system is slowing down, inflation is vulnerable and americaA Federal Reserve (Fed) is much less dovish. These affects lessen call for for gold, that may cause a huge promote-off. If you're preserving gold, there's no purpose to promote due to the fact the charge remains above 2,2 hundred USD/ounce. The marketplace might also additionally have few transactions, because of this that the hazard of big fluctuations. Geopolitical trends consisting of escalation in Ukraine or the Middle East ought to disrupt the marketplace, Grady said.
TVC:GOLD
by NicoTradingMaster
IDFC First Bank : 34% to 218% Upside Potential#IDFC First Bank : 01 Jul 2024 "Life is Simple, we make it complicated, So is Trading. Discover Simple, Yet POWERFUL IDEAS." In Play : HH : HL Summary • CMP : 82 • Clean Price Action with Vol favor's BULLS FOOT PRINT • Nice CONSOLIDATION of around 8-10 months • Trading right AROUNG VP mountains - ATH : 100.70 Conclusion • CMP 82 • Looks good for going NORTH • Higher Levels could be around o Imm Higher Levels : 110/124 o Potential Levels : 168/262 Wish You Happy & safe trading "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:IDFCFIRSTBLong
by DhirajSinghBais
10
Reliance Big Move AheadHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Ascending Triangle Pattern in daily TF. * From Jan 2024 to June 2024 Moving in a 200-300 Points range. * From Mar 2024 to June 2024 Tested Resistance Many times. * It's Already Break resistance Zone and trying to Sustain Above Resistance Zone and follow up buying is coming. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Minor Retest is Possible after big move.
NSE:RELIANCE
by ChartSight
XAU rises despite weak US economic dataUS economic data on June 27 was not very positive: the number of applications for unemployment benefits reached the highest level since November 2021, the number of durable goods orders showed a bad signal for Q2 GDP, sales Pending home sales hit a record low, and finally, the Kansas Fed's manufacturing activity stagnated for the 21st straight month. Keeping policy rates steady “for a while” may be enough to control inflation, but reiterate “a readiness to increase borrowing costs if necessary”. Analysts say that world gold prices will likely find it difficult to break out in the short term, at least until there is clearer information about the Fed's monetary policy. The weakening USD has pushed gold prices up above 2,300 USD According to some experts, this is a way of pricing based on factors that do not yet exist. If the AI ​​craze continues and the market bubble has not burst, the current price may still be considered cheap compared to future growth potential. However, because this index depends on expectations, the final results are still highly subjective.
TVC:GOLD
by NicoTradingMaster
JaiCorp Ltd Forming Momentum for a big move Hey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Pole & Flag Pattern in daily TF. * Rectangular Box Pattern in week TF. * From Oct 2023 to June 2024 Tested Resistance Many times. * It's Near resistance Zone and trying to breakout. * If Stock break's resistance zone then we can see a move to 500 & if Sustain above 500 then we can see move to 560 to 700, let's see breakout sustain or not. What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:JAICORPLTD
by ChartSight
WockPharma is testing ResistanceHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Symmetrical triangle Pattern in daily TF. * Flag & symmetrical Triangle Pattern in week TF. * Inverted Head & Shoulder Triangle Pattern in Monthly TF. * From July 2014 to June 2024 Tested Trendline Many times. * It's Near resistance Zone and trying to breakout. * If Stock break's resistance zone then we can see a move to 741 & 1040, let's see breakout sustain or not. What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Don't know how we miss this amazing stock and forget to share this with you all family.
NSE:WOCKPHARMA
by ChartSight
EURUSD approaches multi-month-old support ahead of Fed inflationEURUSD struggles to defend the first weekly gain in four as sellers appear more inclined to revisit an upward-sloping support line from early October 2023. That said, the Euro pair’s failure to keep Thursday’s rebound from the stated support line joins the bearish MACD signals to keep sellers hopeful ahead of the US Federal Reserve’s (Fed) preferred inflation gauge, namely the Core PCE Price Index. However, a daily closing beneath the aforementioned key technical support surrounding 1.0665 becomes necessary for the bears to tighten their grip. Following that, the quote becomes vulnerable to slump toward the yearly low marked in April around 1.0600. In a case where the downbeat RSI conditions and the stated 1.0600 support fail to stop the sellers, the prices could well aim for the year 2023 to bottom close to 1.0450. Meanwhile, EURUSD recovery remains elusive unless it stays beneath a convergence of the 200 and 100 SMAs, close to 1.0790 by the press time. That said, the 1.0750 and the 1.0800 thresholds are extra upside filters to watch during the quote’s fresh rise in case of the downside US data. It’s worth noting that the Euro pair’s successful run-up beyond 1.0800 will enable buyers to aim for the 50% Fibonacci retracement of late 2023 fall, around 1.0865, but a descending trend line from early January 2024, close to 1.0900, will challenge the upside afterward. Even if the quote manages to remain firmer past 1.0900, an 11-month-long falling resistance line near 1.0990 and the 1.1000 psychological magnet will be tough nuts to crack for the bulls. Overall, EURUSD bears keep the reins ahead of the key US data but the quote’s further downside hinges on the strong US inflation clues and a clear break of the 1.0665 support.
by MTradingGlobal
USD is dominating the marketGold fees are forecast to range strongly withinside the last days of the week. In the fast term, the treasured steel`s help stage is 2,three hundred USD/ounce and the resistance stage is 2,340 USD/ounce. This treasured steel is attracting cash managers and hedge funds. Look at this need Fed Governor Michelle Bowman on Tuesday reiterated her view that maintaining coverage quotes steady “for a while” will probably be sufficient to manipulate inflation, however additionally reiterated that she is open to growing spending Loan charges if necessary. The marketplace has tilted toward the dollar after the discharge of financial facts highlighting the resilience of americaA economy, growing an possibility for the Fed to preserve excessive hobby quotes for longer.
TVC:GOLD
by NicoTradingMaster
Neat & Clean Breakout In UltraTech Cement.Hello guy's i hope you all will be doing good in your trading and your life as well. I have brought a stock which has given neat and clean breakout on daily and weekly timeframe. Stock name is UltraTech Cement and it is engaged in the manufacturing and sale of Cement and Cement related product primarily in India. Ultratech Cement is the largest cement company in India and 3rd largest cement company in the world (ex-china) and is the largest cement manufacturer in India. It is also the only cement producer outside of China to have 100+ MnTPA of manufacturing capacity in a single country. Its brands include Ultratech Cement, Ultratech Concrete, Ultratech building Products, Ultratech Building solutions & Birla White Cement under which it sells various different products. Market Cap ₹ 3,11,707 Cr. Current Price ₹ 10,796 High / Low ₹ 10,909 / 7,941 Stock P/E 44.2 Book Value ₹ 2,086 Dividend Yield 0.35 % ROCE 15.3 % ROE 12.3 % Face Value ₹ 10.0 Industry PE 30.0 Debt ₹ 11,403 Cr. EPS ₹ 243 Promoter holding 60.0 % Intrinsic Value ₹ 3,985 Pledged percentage 0.00 % EVEBITDA 23.7 Change in Prom Hold -0.01 % Profit Var 5Yrs 24.1 % Sales growth 5Years 11.3 % Return over 5years 18.8 % Debt to equity 0.19 Net profit ₹ 7,004 Cr. ROE 5Yr 13.0 % Profit growth 40.0 % 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:ULTRACEMCOLong
by TraderRahulPal
The market has tilted towards the greenback following the releasGold prices are forecast to fluctuate strongly in the remaining days of the week. In the short term, the precious metal's support level is 2,300 USD/ounce and the resistance level is 2,340 USD/ounce. This precious metal is attracting money managers and hedge funds. Look at this need Fed Governor Michelle Bowman on Tuesday reiterated her view that keeping policy rates steady “for a while” will likely be enough to control inflation, but also reiterated that she is open to increasing spending Loan fees if necessary. The market has tilted towards the greenback after the release of economic data highlighting the resilience of the US economy, creating an opportunity for the Fed to maintain high interest rates for longer.
OANDA:XAUUSDShort
by NicoTradingMaster
Oversold RSI, $2,293 key support challenge Gold sellersGold price remains pressured at the lowest level in a fortnight while justifying the previous day’s downside break of a three-week-old rising support line, now immediate resistance. It’s worth noting, however, that the cautious mood ahead of this week’s key US data/events joins the oversold RSI conditions and an upward-sloping support trend line from early April to challenge bears around $2,2932 of late. Among the key data/events, the US Durable Goods Orders, a debate between the US Presidential Candidate Joe Biden and Donald Trump, as well as the US Core PCE Price Index, also known as the Fed’s preferred inflation, will gain major attention. It should be observed that the XAUUSD’s sustained trading beneath the 50-bar Exponential Moving Average (EMA) and bearish MACD signals join the aforementioned trend line break to help the sellers break the $2,293 key support. That said, the monthly low of around $2,286, May’s bottom surrounding $2,277 and early April swing lows around $2,267 are additional downside filters to watch during the bullion’s weakness past $2,293. Following that, the 76.8% Fibonacci ratio of the precious metal’s March-May run-up, near $2,210 will act as the final defense of the buyers before directing prices toward March’s monthly low of near $2,146. Meanwhile, the Gold price recovery needs validation from the catalysts weighing on the US Dollar. Also challenging the XAUUSD bulls is a convergence of the 50-EMA and a three-week-old previous support line, close to $2,324 by the press time. In a case where the precious metal remains firmer past $2,324, a descending resistance line from June 07 surrounding $2,364 and the monthly high of near $2,387 will be on the buyer’s radar. Above all, a horizontal area comprising tops marked since April 12, near $2,432-35, appears a tough nut to crack for the bulls. To sum up, Gold price is likely to stay depressed but the further downside needs support from fundamentals to favour the bears.
OANDA:XAUUSD
by MTradingGlobal
AUDUSD bulls attack six-week-old on strong Australian InflationAUDUSD jumps nearly 50 pips after Australia’s monthly Consumer Price Index (CPI) for May rose the most in six months early Wednesday, up 4.0% MoM versus 3.8% expected and 3.6% prior. However, a downward-sloping resistance line from mid-May, close to 0.6680 by the press time, joins sluggish MACD signals and unimpressive RSI conditions to challenge the Aussie pair buyers. Even if the quote manages to cross the 0.6680, a 5.5-month-long falling resistance line surrounding the 0.6710 and 0.6730 mark will be the final defenses of the bears before giving control to the bulls targeting the 0.6800 threshold and the late 2023 peak of 0.6870. Conversely, the weekly low of near 0.6625 will challenge the AUDUSD sellers during the pair’s fresh fall. Following that, the 100 and 200-day Exponential Moving Averages (EMAs) might act as tough supports near 0.6590 while the monthly low of around 0.6575 acts as an additional downside filter. Should the quote remain bearish past 0.6575, the previous monthly low of 0.6465 and 78.6% Fibonacci ratio of October-December 2023 upside, near 0.6400, could lure the Aussie pair sellers. Overall, the AUDUSD pair’s further upside appears difficult unless providing a daily closing beyond 0.6730.
by MTradingGlobal
XAU weakens as USD risesGold prices continue to be influenced mainly by US interest rate expectations. And the stability in recent sessions reflects the lack of strong signals on the Fed's monetary policy. World gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world Gold price dropped sharply mainly due to the increase in USD price. DXY index The Fed still follows the trend of delaying interest rate cuts to wait for US macro signals, especially inflation data. Investors are waiting for information about the personal consumption expenditure price index (PCE), expected to be announced this Friday. This is an important measure of the health of the US economy, Gold futures prices recorded modest gains at the beginning of the week, mainly due to the weakening of the USD. The USD index dropped quite sharply, contributing significantly to the rise of gold. Investors are preparing for a busy final week of the month with several important economic reports due for release.
OANDA:XAUUSDShort
by NicoTradingMaster
2
BBTC Is Rocked Hey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Rectangular box Pattern in daily TF. * Expanding Wedge Pattern Form Inside Rectangular Box * From Feb 2024 to June 2024 Tested Trendline Many times. * It's Break resistance Zone and trying to Retest. * Volume Accumulation (Volume is rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Don't know how we miss this amazing stock and forget to share this with you all family.
NSE:BBTC
by ChartSight
USDJPY eases within the bullish channel, sellers await 159 breakUSDJPY defends the previous day’s retreat from a two-month high as traders await Tuesday’s US Confederation Board’s (CB) Consumer Confidence figures for June. In doing so, the Yen pair remains mildly offered between the upper line of a seven-week-old rising trend channel and an upward-sloping previous resistance line stretched from early May. It’s worth noting, however, that the RSI’s pullback from the overbought territory joins a receding bullish power of the MACD signals to suggest further declines of the quote. The same highlights the aforementioned resistance-turned-support line surrounding 159.00 as a break of which will welcome sellers targeting a two-month-old horizontal support zone surrounding 157.90-70. However, the bears should remain cautious unless witnessing a daily closing beneath the 156.30 support confluence comprising the 50-SMA and bottom line of the previously stated bullish trend channel. Following that, the quote’s weakness toward the monthly low of 154.52 can’t be ruled out. On the contrary, USDJPY bulls should wait for a clear rejection of the bullish trend channel by providing a daily closing beyond 160.00. Even so, the yearly high of 160.20 and the 1990 peak surrounding 160.40 will join the overbought RSI conditions to challenge the buyers before directing them to the 161.00 round figure. If the Yen pair remains firmer past 161.00, the late 1986 peak of around 163.95 and 164.00 will be on the buyer’s radar. Overall, USDJPY remains in the bullish trajectory despite the likelihood of a short-term pullback in the prices.
by MTradingGlobal
Bitcoin Ready For $28,000 As per SMC Chart AnalysisBITCOIN Urgent Weekly Chart Update Weekly Chart Analysis: Order Block (OB) 1: $42,000 - $38,000 First Fair Value Gap (FVG): $47,557 Order Block (OB) 2: $28,000 - $26,400 Second FVG: $33,802 Potential Scenarios: We could see a fill of the first OB and FVG before a new upward rally. Both FVG and OB are in the discount zone, increasing the likelihood of hitting the second OB and FVG around $33,000 - $30,000. Spot Entry Levels: Entry 1: $47,600 - $41,600 Entry 2: $33,900 - $27,000 Targets: $100,000 / $150,000 / $180,000 This might sound speculative, but there is a high chance of sweeping liquidity at these levels before a bullish rally. Reminder: My eyes are open for discount zone entries. I could be wrong, so always do your own research before investing. This is not financial advice. Stay alert and trade wisely.
OANDA:BTCUSDShort
by CryptoPatel
Bitcoin Ready For $28,000 As per SMC Chart AnalysisBITCOIN Urgent Weekly Chart Update Weekly Chart Analysis: Order Block (OB) 1: $42,000 - $38,000 First Fair Value Gap (FVG): $47,557 Order Block (OB) 2: $28,000 - $26,400 Second FVG: $33,802 Potential Scenarios: We could see a fill of the first OB and FVG before a new upward rally. Both FVG and OB are in the discount zone, increasing the likelihood of hitting the second OB and FVG around $33,000 - $30,000. Spot Entry Levels: Entry 1: $47,600 - $41,600 Entry 2: $33,900 - $27,000 Targets: $100,000 / $150,000 / $180,000 This might sound speculative, but there is a high chance of sweeping liquidity at these levels before a bullish rally. Reminder: My eyes are open for discount zone entries. I could be wrong, so always do your own research before investing. This is not financial advice. Stay alert and trade wisely.
OANDA:BTCUSDShort
by CryptoPatel