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Trend Analysis

IGL has given beautiful Trendline Resistance BreakoutIGL - Price Action Analysis and Observations * CMP 392.00 * Trendline resistance breakout with volumes slowly increasing * Multiple touches on the trendline * Gap zone 403 might be filled first * An hourly close above 405 would be sufficient to reach 440-445 * Once 440 is reached we will see how the candles react and then decide whether it will reach 480-500 * SL could be below 360 on hourly closing basis Thanks. Regards Bull Man
NSE:IGLLong
by bullmanacademy
2
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
GOLD TRADING POINT UPDATE CPI ? > READ THE CAPTAINBuddy'S dear friend 👋 Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding Short Trade But today high News 🗞️ Of CPI USD Fundamental Analysis update 160.684. running Now Trading point DXY recover up trand 108:000. Gold already take if breakout short trend 📉📈 2703 Teach. Short recover quickly 2674 pullback up trend 📈 Next target we'll see 2722 That Fvg level. I think 💬 buyers will take care that level Breck out Next easy to see 🙈 2789 wait for CPI USD deita ? Focus analysis break and support level 💫 Now small target 2722 Fvg level back Short 2672 If breakout 2650 level analysis target 🎯 2536 Resistance level 2722+2789 Support level 2674 -2668 2613 Support 💫My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎯
OANDA:XAUUSDLong
by SMC-Trading-Point
Bitcoin (BTC/USD) chart analysis ### **1. Chart Overview** - **Symbol & Timeframe:** The Bitcoin (BTC/USD) chart on a 1-hour timeframe, using Heikin Ashi candles for smoother trend visualization. - **Indicators:** The chart incorporates multiple indicators: - Volume. - MACD (Moving Average Convergence Divergence). - RSI (Relative Strength Index). - **Patterns & Levels:** Features such as support & resistance levels, a potential double bottom pattern, and trendlines are marked. - **Current Price Action:** Bitcoin appears to be breaking out of a consolidation phase. ### **2. Key Chart Feature and Pattern Observation** - **Double Bottom Pattern:** Two "Bottom" labels are highlighted, signaling a potential bullish reversal. This pattern is confirmed by the breakout above the neckline (pink horizontal line). - **Ascending Trendline:** A rising trendline from the second bottom indicates bullish momentum. - **Support & Resistance:** - **Support Level:** Around $94,273. - **Resistance Levels:** $98,338 (current breakout level) and $102,104 (target level based on pattern projection). - **Bullish Divergence:** Observed in the MACD indicator, indicating weakening selling pressure and a potential upward move. ### **3. Indicator Analysis** - **Volume:** - Gradual increase during the breakout, confirming bullish activity. - Higher volume bars on green candles support upward momentum. - **MACD:** - **Bullish Crossover:** The MACD line (blue) crosses above the signal line (red), suggesting a bullish trend. - Positive divergence from price action indicates buying interest. - **RSI:** - RSI is rising and nearing overbought territory (~81). This suggests strong momentum, but caution is warranted for potential pullbacks. ### **4. Key Levels or Price Levels** - **Support Levels:** - $94,273 (recent bottom). - $94,220 (marked low of the pattern). - **Resistance Levels:** - $98,338 (breakout zone). - $102,104 (target level from double bottom pattern). - **Volume-Based Levels:** - Price reacts strongly to volume spikes near breakout and support zones. ### **5. Overall Summary** Bitcoin shows clear bullish momentum, supported by: - Double bottom pattern breakout. - Increasing volume and bullish divergence on MACD. - Strong upward RSI, although nearing overbought territory. However, caution is necessary near resistance levels or in case of volume weakening. ### **6. Recommendation or Trading Strategy** - **Long Entry:** - Enter above $98,338 (confirmed breakout). - Use Heikin Ashi candles to monitor trend consistency. - **Target:** - First target: $102,104. - Extended target: Use Fibonacci extensions for further levels. - **Stop-Loss:** - Below $94,220 (below the double bottom structure) or the rising trendline. - **Cautionary Note:** Monitor RSI for overbought signals and potential corrections. ### **7. Conclusion** The current setup favors a bullish outlook, with a confirmed double-bottom breakout and positive indicators. Traders should ride the trend but remain cautious as RSI signals possible overextension. Adjust risk management accordingly and monitor volume for sustained momentum.
COINBASE:BTCUSDLong
by ramumaurya
JSWENERGY - 200 HEMA and AVWAP to be clearedCMP: 683 200 Period EMA on hourly and AVWAP from the TOP are acting as resistance on this counter now. A close above both on hourly with a follow-up/confirmation candle for one more hour (close above 690-700) will trigger further thrust to hit 750-770 levels.. On watchlist now. Awaiting breakout and retest. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:JSWENERGYLong
by Murthy_Santhosh
2
Gold claimed 2720 level now time to make a HHAs discussed in last two days posts gold is now claiming the 2715-21 area and reversed the correction phase completely, after CPI gold printed a good bullish candle and the day closed Just under this zone , now a breakout on this zone can push the price towards next resistance area with high volume (area at 2738-55) and can make a pullback from there , on pullback we can plan buy as marked on chart. 2715-20 area is good resistance and we have seen good rejection from this level today in Asian opening session, and breakout from this area can provide opportunity on Intraday Buy scalping , and next level for Intra day sell in scalping is 2738. I am still watching and waiting for swing opportunity and expecting a swing buy in next week (around Dec. 17 to dec 20) till then scalping on Intra day levels is good.
OANDA:XAUUSDLong
by iambalramkashyap
1
Dow Futures Trading Strategy for 12th December 2024Dow Futures Trading Strategy Key Levels: Buy Above: 44,330 (on the high of the candle that closes above 44,330 on a one-hour chart) Sell Below: 44,100 (on the low of the candle that closes below 44,100 on a one-hour chart) Strategy Details: Buy Signal: Enter a buy position above the high of the candle that closes above 44,330 on a one-hour time frame. Sell Signal: Enter a sell position below the low of the candle that closes below 44,100 on a one-hour time frame. Additional Tips: Monitoring: Continuously monitor the one-hour chart for clear buy or sell signals. Stop-Loss: Always use a stop-loss to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact Dow Futures. Disclaimer: This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
BLACKBULL:DJ30.F
by ramkkyy
1
GBPUSD today GBP/USD remains stable within its channel range, fluctuating around the EMA zone. Despite the higher U.S. Treasury yields, the pair has edged slightly higher as the U.S. Dollar corrected after breaking a four-day winning streak. The market's focus now shifts to U.S. PPI data and jobless claims reports. In the meantime, aim for key levels at both bounds of the channel and strategize your buy or sell positions accordingly. Keep a close watch on this pair's movements. Good luck!
by Ryu_Axel
1
Gold Trends Forecast December 11🤑Gold Trends Forecast December 11 ✔️ Gold continued its impressive upward momentum during yesterday’s session. This was fueled by investor optimism as China expanded its economic stimulus packages, while geopolitical risks in Syria remain despite opposition forces gaining control over some areas. Notably, there has been no news or economic data strong enough to weaken Gold's upward trend. ✔️ In my view, unless unexpected factors arise—such as controversial remarks from Trump or economic data that shakes the market—Gold is likely to continue its climb. Lower interest rates have made the opportunity cost of holding Gold more attractive, which is the primary reason for its rebound from the 2,5xx and 2,6xx levels. A deep downward reversal should only be considered if the Fed signals a return to interest rate hikes. ✔️ For tonight’s session, the CPI data will be the decisive factor. If inflation figures are favorable, Gold could break above 2,75x or experience a deep correction of 50–70 points. However, I lean toward the scenario of only a slight correction before continuing its rise, thanks to the current bullish sentiment. My personal strategy is to wait for a minor dip and then re-enter with these targets: Short-term: 2,700–2,705 Longer-term: 2,710–2,715 In the European session, if Gold holds the 2,6xx range or near 2,69x, a Buy strategy remains viable. Conversely, if prices fall below 2,68x and close below this level, I will reconsider the strategy. From mid-European sessions onward, if prices fail to break the 2,7xx range, I will exit Buy positions and switch to Sell, aiming for 5–10 points. 🟢 BUY 2688.x Sl 2683 Scalp 🟢 BUY 2676 - 2674 SL 2671 🔴 SELL 2620 - 2622 SL 2625 - D1 plan
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
2
3 Breakout Stocks to Unchain Your Portfolio's Potential1. General Insurance Corp of India NSE:GICRE ● After reaching a peak of 456, the stock experienced a significant pullback and entered a prolonged consolidation phase, ultimately forming a Symmetrical Triangle pattern. ● With a recent breakout, the stock is poised for a substantial upward movement. 2. Zen Technologies NSE:ZENTEC ● The daily chart reveals that the stock has created an Ascending Triangle pattern. ● Following a robust breakout, the price is now set to advance further. 3. Swan Energy NSE:SWANENERGY ● After a lengthy consolidation period, the stock has established a Rectangle pattern. ● A fresh breakout has occurred, which could ignite a further rally.
NSE:GICRELong
by GoodluckCapital
1
Crude buy on dip until 5840 not break Target on chartDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2 %) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6 %) Target 5- ( T5 : 88.6%) Target 6- (T6 : 100 %) Target 7- (T7 : 127.2 %) Target 8-  (T8 : 141.4 %) Target 9-  (T9 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:CRUDEOIL1!
by JaiPrakashShuklaHarmonicTrader
NIFTY INTRADAY LEVELS FOR 12/12/2024BUY ABOVE - 24700 SL - 24570 TARGETS - 24760,24860,24950 SELL BELOW - 24570 SL - 24700 TARGETS - 24500,24420,24340 NO TRADE ZONE - 24570 to 24700 Previous Day High - 24700 Previous Day Low - 24570 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP