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BankNifty has formed a bearish candlestick on daily timeframeGood Morning Traders. Yes you heard it right, Banknifty has formed a bearish candlestick pattern on daily time frame. But i am doing this analysis now in 30 mints. Because this is Intraday purpose analysis. Anyways let's talk what had happened yesterday..and what is going to happen today?? Yesterday again we have seen Banknifty maintained higher highs and higher lows formation for yet another session, though the index lost the gains from the day's high to close flat and formed a bearish candlestick pattern on the daily time frame. Bank Nifty again tried to get back above 44500, but failed to sustain the same. It has given closing at 44495.25 . It was proper consolidation day yesterday. We might can see more consolidation between 44000-45000. As of now 44500 looks strong support zone for near term, if today again banknifty able to hold this level then we might can see Banknifty towards 44750+..Let's see what is going to happen. We will act according to price action. Important levels for Banknifty:- Support zone 44500-44300 Resistance zone 44650-44750 Buy Above 44583, if levels sustains at least for 30 Mints. Targets we can see in upside 44721/44952+ Keep stop loss at 44442 Sale below 44300, if levels sustains at least for 30 Mints. Targets we can see in downside 44153/43941 keep stop loss at 44442 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. 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:BANKNIFTY
by TraderRahulPal
GOLD sideway waiting for Jackson Hole During the Asian session on Friday, gold prices faced challenges in maintaining their streak of success, hovering around $1,915 per troy ounce. The current focus is on the recovery of the precious metal after experiencing losses over the past four weeks. This anticipation stems from an upcoming speech by Jerome Powell, Chairman of the US Federal Reserve, at the Jackson Hole Symposium. Despite a stronger US Dollar (USD), gold has displayed resilience due to conflicting discussions within the Fed at Jackson Hole and a recent decrease in bond yields from United States treasury. Additionally, recent economic data from the United States has played a role in supporting XAUUSD's stability amidst these circumstances. You can set up a SELL order around the price zone 1923-1925. SL 1930. Have a nice day
OANDA:XAUUSDShort
by Mars_Hunter
3
GOLD sideway waiting for positive signsGold price remains well above key short-term support around $1,897, including one-week Fibonacci 38.2%. Also, setting a solid floor for XAU/USD is a convergence of the 5-DMA and the previous monthly low, around $1,905. It is worth noting that the one-day 161.8% and 61.8% one-week Fibonacci join S2 one day of the Pivot Point to add strength to the $1,905 support. Meanwhile, the one-day 61.8% Fibonacci, the Bollinger middle band above the one-hour high and the previous weekly high together limit the Gold Price's immediate upside near $1,920. In the event that the bulls break through the $1,920 barrier, Gold Price will rally towards the one-week 161.8% Fibonacci match, the one-day R3 of the Pivot Point and the 4-hour 200-SMA, near $1,937. can be excluded.
TVC:GOLD
by Mars_Hunter
MFSL - Perfect bullish chart patternWe are looking weekly chart at this moment. MFSL is looking promising for the upside at the current level. First, the Stock has given the breakout of the long bearish trend line, and after it has given the break-out of the resistance zone. The chart structure is good, keep an eye on it. Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
NSE:MFSLLong
by Gaurav_Kumar01
Slight retracement before the uptrend ⚡️⚡️Gold continued to trade at a 5-month low after the minutes of the July monetary policy meeting of the US Federal Reserve (Fed) were released. The minutes showed that the majority of the bank's officials continued to prioritize fighting inflation, while only a few pointed to the risks to the economy by pushing interest rates too far. ⚡️Yields on 10-year US government bonds hit a 10-month high shortly after the release of Fed minutes, pushing the dollar to its highest level since mid-June, easing attractiveness, driving investors away from non-yielding assets like gold. ⚡️Experts said that the loosening monetary policy of the central bank will help the economy recover better, when consumers can easily access loans for shopping. Financial investors will gradually shift capital from capital-preserving assets such as gold to investing in production and business industries or other profitable assets. This has caused gold to lose its position in the market. ⚡️The gold market is oscillating around the critical level - $1,900, a level where neither the bulls nor the bears have been able to establish a clear direction. ⚡️You can set SELL around 1903-1905, SL 1910, TP 1895, 1890. Wish you successful trading.
TVC:GOLDShort
by Mars_Hunter
1
XAUUSD-Gold price after Powell SpeaksGold price (XAU/USD) faces an intense sell-off as Federal Reserve (Fed) Chair Jerome Powell remains hawkish at the Jackson Hole Symposium. The precious metal dropped significantly as Jerome Powell kept doors open for further policy tightening. About the labor market, Fed Powell conveys that the labor market is extremely tight and warrants more rates from the central bank. Fed policymakers: Boston Fed Bank President Susan Collin and Philadelphia Fed Bank President Patrick Harker commented on Thursday that the current interest rate level is enough to do the required job. The US economy is still resilient due to a tight labor market and easing inflation, but further policy-tightening by the Fed could dampen market sentiment. With my prediction gold will fall sharply after Monday evening meeting Fed Chair Powell Speaks and Jackson Hole Symposium
OANDA:XAUUSDShort
by Mars_Hunter
Gold and the way to find the bottom⚡️US bond yields will play an important role in influencing the USD price action in the absence of any relevant economic data from the US. Additionally, the broader risk sentiment will allow traders to seize short-term opportunities around Gold prices over the weekend and into the new week. ⚡️From a technical point of view, Gold is on a clearly declining range. At the weekly frame, Gold is heading towards the target of $ 1870 as the nearest landmark. ⚡️BUY XAUUSD: 1878 - 1880 ❕Stoploss : 1875 ✔️Take Profit : 1885 ✔️Take Profit : 1890 ✔️Take Profit : 1895 Note : TP, SL full to be safe and win the market !
OANDA:XAUUSDLong
by Mars_Hunter
1
Gold recovers but remains low⚡️Due to higher US bond yields, gold prices held steady near 5-month lows. Markets prepare for the Fed's Jackson Hole symposium for more directional hints on future interest rate cases. ⚡️In recent times, macro data and comments from Fed officials are supporting the possibility that US interest rates will likely continue to rise and stay high for a long time as inflation remains high. ⚡️This will create conditions for the Dollar to continue to dominate the entire market, causing pressure on gold, silver, etc. and other major currencies to correlate. ⚡️Traders will be eyeing the Jackson Hole symposium this weekend, which brings together economic policymakers from around the world. This event is notable and is expected to create strong swings in the market because it can help clarify the monetary policy direction of major central banks, providing more direction to the market. foreign exchange and help determine the direction of gold prices in the short and medium term.
OANDA:XAUUSD
by Mars_Hunter
GOLD - Scalping StrategyGold prices slightly extended its gains and successfully continued a third day of gains. TVC:GOLD hovers around $1,900/oz during the Asian session on Wednesday, showing signs of recovery from four consecutive weeks of losses despite a firmer US Dollar (USD). However, a stronger recovery is unlikely at the moment. After days of continuous decline, gold finally showed signs of changing the trend. At first, we can look at the problem as follows: 1. Economic data in the US is showing signs of getting better 2. Inflation may not reach the target of the Fed, but it can also be called cooled down 3. The economic data is giving clearer evidence of the US economic scenario will have a soft landing if the FED is ready to QE after this period. => From the above points, I think that Gold is still in a downtrend, and this rally may not be as strong as expected. You can set up sell order at price zone 1905-1907 SL 1913 TP 1900,1895
TVC:GOLDShort
by Mars_Hunter
1
Investment Pick for long term Sirca Paint || Next Asian PaintsSirca paints result has come very very attractive as usual. Chart also looking very attractive. We have seen multiple supports in the range of 275-305, and the recently price again has taken support in this range only and made a W kind of a pattern, both bottoms i have marked on chart. Price and action suggest a huge move in coming days. Might be tomorrow only we can see some huge upside more than 2%. Well Management is good, company is zero debt, Price is also attractive just price to earning ratio shows some expensive valuation but in this industry i have seen always a expensive valuation but still all stocks of this industry always making higher highs, means always making new highs. So trading point of view i have marked everything on chart. But this stock has potential to become like asian paints in future. So this could be a best investment pick for long term. If anyone wants to go long can go with given levels. Always follow stop loss. Market Cap ₹ 1,736 Cr. Current Price ₹ 317 High / Low ₹ 400 / 202 Stock P/E 37.6 Book Value ₹ 48.4 Dividend Yield 0.32 % ROCE 25.3 % ROE 18.8 % Face Value ₹ 10.0 Debt ₹ 0.00 Cr. EPS ₹ 8.41 PEG Ratio 1.99 Promoter holding 67.6 % Intrinsic Value ₹ 216 Pledged percentage 0.00 % EVEBITDA 25.3 PROS Company is almost debt free. Company is expected to give good quarter Company has delivered good profit growth of 18.9% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 17.8% Debtor days have improved from 88.9 to 70.0 days. CONS Company has a low return on equity of 13.9% over last 3 years. If anyone likes my work then please hit like and follow for more updates like this on investment and trading. Comment your thoughts on this idea. Thankyou. Disclaimer:- Please always consult with your financial advisor before initiating any trade.
NSE:SIRCALong
by TraderRahulPal
Gold trend is up slightly at the beginning of next week⚡️At the end of the week, spot gold XAU/USD recovered slightly to $1,890, but it remains poised for a 1% weekly drop, the fourth consecutive weekly drop. The metal appears to be consolidating losses after seeing the red for the previous four days and also bullish on risk aversion as the market worries about the health of the Chinese economy. ⚡️The bulls are trying to recover but are still deep in the negative zone. With an ascending slope below its midline, the Relative Strength Index (RSI) shows the possibility of increased buying pressure, while the Moving Averages Convergence (MACD) shows middle red bars count. Support levels: $1,870, $1,850, $1,830 Resistances: $1,900, $1,906
TVC:GOLD
by Mars_Hunter
1
Gold Comment 18/08 – Strong recovery but downtrend is still ther⚡️ China is in trouble, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors. ⚡️ From a technical perspective, the daily chart of the XAU/USD pair suggests that the decline will continue. The pair peaked near the 200 simple moving average (SMA) and then plummeted away from this point. At the same time, the 20 SMA is stable at the top, compatible with the overall bearish direction. Importantly, technical indicators have hit negative levels, showing the strength of sellers. Finally, the technicals are mostly bearish, with the Relative Strength Index (RSI) sliding into the oversold zone. BUY XAUUSD price range: 1882 - 1884 Stoploss : 1877 Take Profit : 1890 Take Profit : 1895 Take Profit : 1900
TVC:GOLDLong
by Mars_Hunter
1
GOLD has not yet escaped from the price band 1905OANDA:XAUUSD prices recently dropped to a low since March of last year, putting pressure on the $1890 area. Market participants are feeling nervous about the changes, especially after the Fed (US Federal Reserve) expressed concern about inflation and the possibility of interest rate hikes. While the US is not the only country facing the challenge, the situation in the UK and China is also having an impact. The employment and inflation figures in the UK have created curiosity, especially about the Bank of England's (BoE) interest rate hike policy. Meanwhile, in New Zealand, the Reserve Bank of New Zealand (RBNZ) maintained interest rates and faced an upbeat situation on inflation. Besides, China is also facing difficulties, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors. BUY XAUUSD: 1886 - 1884 Stoploss : 1880 Take Profit : 1890 Take Profit : 1895 Take Profit : 1900
OANDA:XAUUSDLong
by Mars_Hunter
2
XAUUSD_Bull lost the initiative for the time beingGold price today on August 17 on the market continued to plummet to 1893.03 USD/ounce and lost the support level of 1,900 USD/ounce. Gold weakened because the dollar in the international market soared in the past few days in the context of the US Federal Reserve (Fed) maintaining tight monetary policy. Meanwhile, many Asian countries accelerate monetary easing to revive their economies, pushing down gold prices. The USD is also increasing in the short term. Gold prices may remain under downward pressure for the rest of the summer. However, the short-term drop in gold is seen as an entry opportunity. Gold is likely to increase rapidly in the spring and next year. Gold's long-term uptrend is appreciated. Trading plan: BUY XAUUSD around price: 1885 - 1883 Stoploss : 1879 Take Profit : 1890 Take Profit : 1900 Take Profit : 1905
TVC:GOLDLong
by Mars_Hunter
2