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Gold is in a strong uptrendOn the chart, gold is currently trading above both the 34 AND 89 EMAs, reinforcing the short-term uptrend. However, I see that gold has not broken out of 2,720. If it breaks out of here, the uptrend will be confirmed. In addition, gold prices are currently fluctuating in the context of the Bank of Canada cutting interest rates. The European Central Bank (ECB) and the Swiss National Bank (SNB) will further cut interest rates later this week. From there, the market expects a third interest rate cut by the US Federal Reserve (FED) next week. Another development is that investors have increased their purchasing power after China resumed buying gold. Especially when this country announced that it will apply a suitable monetary easing policy in 2025. Therefore, gold is still considered a safe investment channel and tends to increase in an environment of increasingly decreasing interest rates.
OANDA:XAUUSD
by luxubu_trader
2
Technical Analysis Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories. What exactly are the two types of technical analysis? Chart patterns and technical (statistical) indicators are the two main types of technical analysis. Chart patterns are a subjective type of technical analysis in which technicians use certain patterns to indicate regions of support and resistance on a chart.
NSE:BANKNIFTYEducation
by SkyTradingZone
EURUSD is currently in a downtrend channelOn the chart, the EURUSD pair is currently trading in a downtrend channel. In addition, the EMA 89 is currently above the EMA 34, which shows that the short-term downtrend is dominant, especially in the context of the USD being supported by recent positive economic data. Personally, I see that the short-term trend is still down. In the coming time, if this currency pair breaks out of the 1.04500 level, it will fall to the next target around 1.04000.
by luxubu_trader
EUR/USD Remains Within Downward ChannelOn the 1-hour chart, EUR/USD is trading around 1.0462, remaining within the downtrend channel that has been forming over the past few sessions. The RSI (14) is currently at 40.43, near oversold territory, indicating that bearish pressure remains but a short-term correction is possible. Short-term prediction I expect EUR/USD to continue trading within the downtrend channel, with the possibility of testing the support level at 1.0440. If this zone is broken, the price could continue to fall further. Conversely, a slight correction could see the price test the resistance level at 1.0485, but the possibility of breaking out of the downtrend channel is low in the short term.
by luxubu_trader
US Inflation Pressures MarketsOn the 4-hour chart, gold is currently testing the support zone at $2,680–2,670, near the 34-EMA and 89-EMA. The key resistance zone is located at $2,720–2,726. Gold prices fluctuated wildly today after the US inflation report showed that the producer price index (PPI) in November increased by 0.4% compared to the previous month, far exceeding expectations of only 0.2%. This information has increased concerns about inflationary pressures, causing investors to sell stocks and shift capital to safe-haven assets such as gold. On the monetary policy front, the ECB continued to cut interest rates for the fourth time this year, fueling expectations that the Fed will also cut interest rates at its upcoming meeting. This could put downward pressure on gold if the USD regains strength. I predict that gold prices will continue to fluctuate within the range of 2,670–2,700 USD, with the possibility of further decline if the support zone of 2,670 USD is broken.
OANDA:XAUUSD
by luxubu_trader
Option And Data Base Trading OptionMetrics provides the highest quality and most comprehensive historical options data on the market today. Leading investment and academic institutions worldwide rely on the accuracy of our options data to measure volatility, assess risk, and analyze investment strategies. By analysing the information provided in the option chain, traders can identify potential trading opportunities and make informed decisions about buying or selling options contracts. Option chains are used by traders to analyse and evaluate the market's expectations of an asset's future price movements.
NSE:NIFTYEducation
by SkyTradingZone
Brent Crude Oil Alert: Bearish Pattern Forming!The Brent Crude Oil chart is shaping up into a decreasing triangle pattern, signaling a potential breakdown ahead. 🔑 Key Highlights: • Lower highs forming resistance • Strong horizontal support being tested • Bearish momentum building 💡 What to Watch For: A break below the support line could trigger a sharp downside move. Traders, stay sharp and manage your risk wisely! #OilMarket #BrentCrude #TechnicalAnalysis #TradingAlert #ForexTrading #CrudeOilBreakdown What’s your take on this setup? Share your thoughts below! ⬇️
OANDA:BCOUSDShort
by ashwani500
Union Bank Charts: Time to Buy or sell?After closely analyzing the Union Bank chart we have observed that 1) On weekly Tf, Union bank is trading with a bullish bias and currently its trading on a retracement move. For any buying opportunity we look for any change in Trend on lower Tf usually in 1Day or 4 HR chart. 2) On Daily Tf, Union bank is following the market structure of LH & LL, and looking at the very recent move the trend has been shifted to bullish. We can see on the chart that the previous LH is getting liquidated & market has formed a ned HH, indicating a switch in Market structure. We will look for only Buy opportunity when the price comes down to the FVG & OB on the daily tf. Entry on FVG or OB will help us to follow the smart money inflow. This is for educational purposes only. Please have your own research before investing.
NSE:UNIONBANKLong
by Trade_lyst
NIFTY PREDICTIONS.... BEARISH OUTLOOK FOR DECEMBER 2024. I'll try explaining my Nifty chart analysis through Elliot waves. Nifty, again, is likely correcting in a 5-wave pattern. After reaching an ATH of 24274, Nifty's downside waves/correction started towards the end of September. Wave (1) moved in a 5-wave pattern and ended around 24700, as marked in the chart. Wave (2) had a zig-zag pattern and ended around 25200. Wave (3) also had a 5-wave pattern, falling 1.23 times wave 1 to end around 23300 levels. Wave (4)- Nifty is currently in this wave, which is probably in a zig-zag pattern. Wave (4), as usual, notoriously has violent moves on either side, giving challenges to traders. Probable levels of termination of wave (4) are 24800 {0.5 of waves (1-3)}and 25150 {0.618 of waves (1-3). Wave (5) - Assuming wave (4) termination around 25150, we can expect a big correction in Nifty to 22700 levels. This wave (5) alone can cause approximately 10% fall in Nifty. Remember, THE MARKET IS ALWAYS RIGHT. Trade with appropriate stoploss.
NSE:NIFTYShort
by Stock-Holmes
1
Gold resuming the decline As discussed in last week posts and weekly analysis video also, price is resuming the decline cycle and seems like breaking down the rising wedge pattern, On Friday gold price tested the fib 50% level and now moving down , 2650-65 is the main resistance zone now and under this we can look for sell opportunities , today we have extreme narrow CPR which can add a very good one sided move, as I am holding sell trade from last week I am expecting a test near 2600 area first where I am planning to book profit partially from some positions because under 2600 we have weekly S1(2596) where we can expect a short bounce (but I do not want to buy as of now) and I want to hold rest of the sell entries towards 2530. If bears managed to close the day under 2600 then this can add another confirmation for more decline.
OANDA:XAUUSDShort
by iambalramkashyap
Gold is in Range : Sell is still favourable Gold price is consolidating within the 2,620-2,650 range for the last five trading days, we have seen multiple attempts by gold on 2650 Level but failed to sustain above this level. Today also gold trading in a narrow range of 2634-2644,remaining near yesterday's closing price, On the hourly chart we can see that price is forming a tringle structure and breakout from this structure in any side can generate good move, as we are in correction so Probably, the main scenario is a continuation of the downward movement to 2620 and if breakdown from there then we can see price under 2600 soon.
OANDA:XAUUSDShort
by iambalramkashyap
IRCTC Descending Channel breakout to watch.Descending Channel: The price is trending downwards within a well-defined descending channel (yellow lines), with lower high and lower lows indicating a bearish trend. Key Support and Resistance Levels: Support: 788.50 appears to be a strong support level, as shown by the blue horizontal line, below that it can move towards 725 represents a more significant lower support level. Resistance: 850 being the previous high and immediate resistance. 914.75 is resistance levels within the current channel. A breakout above the 993.65 resistance could indicate further bullish momentum which till for new all time high. RSI (Relative Strength Index): The RSI is hovering near 53.64, It indicates a neutral to slightly bullish sentiment. Recent Price Action: The price has bounced off the 788.50 support and is attempting to move upward, nearing the channel's upper boundary. A breakout from the channel could signal a trend reversal. Volume: Volume appears moderate, which might suggest the need for stronger buying interest to sustain an upward breakout. Potential Strategies: Bullish Scenario: If the price breaks above the descending channel and closing above 850 resistance with strong volume, it could indicate a bullish trend reversal till 914.75 Bearish Scenario: A rejection at the channel's upper boundary or resistance levels of 850 may lead to further downside toward 725 or even 670. Disclaimer - The information provided herein is for educational purposes only. It does not constitute financial, investment, or trading advice. Consult a qualified financial advisor before making any financial decisions. We are not liable for any monetary loss, that may arise directly or indirectly from the use of information provided
NSE:IRCTC
by Darshilp7