Cyber Monday saleUp to 70% OFF

Trend Analysis

Gold Stabilizes Amid Policy and Inflation WaitLooking at the 4-hour chart of gold, we can see a sideways trend in recent trading sessions, especially during the Thanksgiving holiday when the market lacked strong transactions. The stability of gold prices at $2,636/ounce reflects investors' waiting for new signals from the market and policymakers. The highlight of the chart is the current support and resistance levels. Gold is trading below both the 34 and 89 EMAs, indicating downward pressure, although not too strong. The recent crossover of these two EMAs suggests some price instability, but not enough to determine a clear trend. In the current context, there are a number of macro factors affecting gold prices that investors should pay attention to. First, expectations of a Fed rate cut in 2025 based on PCE data showing slowing inflation could weaken the USD and support gold as a safe-haven asset. Second, concerns about new tax policies from the Trump administration could create uncertainty in financial markets, making gold more attractive as a safe-haven option. Personally, I think gold is likely to remain stable or slightly increase in price in the short term, reflecting its role as a hedge against risk in the current environment.
OANDA:XAUUSD
by Maria_aaa
Dow Futures Trading Strategy 29th November 2024Dow Futures Trading Strategy Buy above the high of the one-hour candle which breaks and closes above 44980: Consider entering a buy position if the price breaks and sustains above the high of the one-hour candle and closes above 44980, indicating potential bullish momentum. Sell below the low of the one-hour candle which breaks and closes below 44840: Consider entering a sell position if the price drops and closes below the low of the one-hour candle and breaks below 44840, indicating potential bearish momentum. Example Analysis Given the current price of 44930: Buying above the high of the one-hour candle which breaks and closes above 44980: If the price breaks the high of the one-hour candle and closes above 44980, it suggests a potential upward trend. Selling below the low of the one-hour candle which breaks and closes below 44840: If the price breaks the low of the one-hour candle and closes below 44840, it indicates a potential downward trend. Disclaimer Trading in financial markets involves significant risk and can result in the loss of your invested capital. It is crucial to conduct thorough research and consult with a financial advisor to understand the risks and develop a sound strategy.
BLACKBULL:DJ30.F
by ramkkyy
Gold Trading Strategy for 29th November 2024Gold Trading Strategy Based on your updated strategy: Buy above 2650 Sell below 2620 Current price: 2637.600 Factors to Consider Market Trends: Monitor recent market trends, including global economic conditions, geopolitical events, and market sentiment. Economic Indicators: Key indicators such as inflation rates, interest rates, and the strength of major currencies (especially the US dollar) can significantly impact gold prices. Supply and Demand: Fluctuations in gold's supply (e.g., mining output) and demand (e.g., jewelry, industrial use, and investment) influence prices. Central Bank Reserves: Central banks buying or selling gold can affect market dynamics. More purchases typically push prices higher. Technical Analysis: Utilize chart patterns, support and resistance levels, and technical indicators like moving averages to identify potential trading opportunities. Example Analysis Given the current price of 2637.600: Buying above 2650: If the price exceeds 2650, it may suggest bullish momentum, potentially driven by factors such as economic uncertainty or increased investment demand. Selling below 2620: A decline below 2620 might indicate bearish sentiment, possibly due to stronger economic data or rising interest rates. Disclaimer Trading in financial markets involves significant risk and can result in the loss of your invested capital. It is crucial to conduct thorough research and consult with a financial advisor to understand the risks and develop a sound strategy.
OANDA:XAUUSD
by ramkkyy
Nifty Simple Analysis for 29th November'24Yesterday Nifty opened bullish and immediately fall after 1 hr failed to break 24300 resistance level 4th time in 3 days which shows bears are strong in that area. Nifty took support at 23900 which filled the previous gap created on 25th nov. check on 15 min candle last low was made at 2.15 pm after that no lower low was made which shows bulls are pusing up but not with force unable to break 24000 level. Support : 23876,23600 Resistance: 24125,24300
NSE:NIFTY
by Price_actiontaker14
28th Nov 2024 - PostMortem on Nifty - Sep and Oct PnL wiped out Nifty Stance Neutral ➡️ This week was really terrible for me, not only did it wipe out my November, but it took out the October gains as well. Well, I do not blame the market for that, it was all on my overconfidence.  Never ever thought the state elections would play the role of big villain to my PnL. The mistake I made was not to concede ground on Friday itself when the markets moved close to 540 points. I was short at 24050 and that went almost in the money. If you look at the price actions on Tuesday, Wednesday and Today - it was pretty clear that the upside momentum was really fake. We were never meant to go up. The entire positions I had would have ended in profits if I could have just waited out. But if you think of it from the other angle, in the heat of the moment - covering the shorts and running away for safety would have been the obvious choice. The 475+ intraday fall today surprised everyone. It trapped all the bulls. Most of them would have loaded up after seeing the FII buy number the last few days after we had a month and a half with sell numbers. At this point I would like to go neutral and then choose a direction once Nifty makes its next move.
NSE:NIFTY
by viswaram
Will AI Rewrite the Timeless Story of Price Action?1.What is Price Action? Price action is the raw, unfiltered movement of a market’s price over time. It reflects the collective emotions and decisions of market participants—fear, greed, hope, and panic. At its core, price action carries the DNA of human psychology, making it timeless and universal. One fascinating element of price action is its asymmetry. When the market rises, it often does so in a gradual, orderly manner, driven by cautious optimism. But when the market falls, fear takes over, leading to sharp, sudden sell-offs. This is because humans are inherently more afraid of losing money than they are excited about gaining it. This emotional imbalance—fear of losses and greed for gains—creates the unique patterns we observe on charts. And here’s the remarkable part: the price action of the 1970 crash in S&P 500 looks very similar to that of 2008 NIFTY 50 crash (see the image below).Despite technological advancements, the charts of past decades echo the same fear-driven collapses and steady climbs we see today. Why? Because human emotions have not changed, and they remain the core drivers of price action. ------------------------------------------------------------------------------------------------------------------- 2.How AI Is Changing the Game Artificial Intelligence (AI) is reshaping the financial markets, from executing trades in microseconds to analyzing sentiment across vast datasets. High-frequency trading (HFT) and predictive AI models have revolutionized how markets operate. However, there’s a fundamental truth that often gets overlooked: AI is created by humans. The algorithms and codes powering AI were written by humans, meaning they inherently reflect human logic, biases, and assumptions. While AI can analyze patterns and react faster than any human, it is ultimately bound by the constraints of its programming. It cannot replicate the instinctive and emotional elements of human behavior that form the essence of price action. Even in 2024, with all the advancements in AI, the market’s movements are still influenced by the same human emotions that shaped the price action of the 1900s. The fear of missing out (FOMO), panic selling during a crash, or greed during a bubble are not going away. AI can respond to these behaviours, but it cannot replace them. ------------------------------------------------------------------------------------------------------------------- 3.The Future of Price Action AI is not here to erase price action; it’s here to evolve it. Traders will need to adapt to this new landscape, where algorithms coexist with human psychology. While traditional patterns may lose some reliability, opportunities will arise in new forms. Traders who combine human intuition with AI insights will have the edge. Fear and greed will always be present in the markets, shaping price action just as they have for decades. The challenge for traders is to navigate this evolving market environment while remembering that, at its core, price action is still a story of human behavior—no matter how advanced the technology becomes. ------------------------------------------------------------------------------------------------------------------- Conclusion: AI will change the way we trade, but it won’t change the emotional DNA of the markets. Price action will continue to tell the story of human psychology, with all its unpredictability and drama, ensuring that markets remain as fascinating as ever. What are your views on this? Do let me know in the comment section below.
NSE:NIFTYEducation
by keshevdugar
2
Bearish on Copper - Weekly and Daily viewOn Weekly, The price is trading in a channel/range and looks like it is headed towards the bottom of the channel On daily, price is displaying corrective structure ABC. My view: Although it looks like taking support at the trendline on daily, it coud potentially break and go down below. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
CAPITALCOM:COPPERShort
by Murthy_Santhosh
BDL: Long Term ViewAfter a significant downtrend, BDL has recently shown a bullish reversal pattern marked by three consecutive green candlesticks, resembling a three white soldiers pattern on the daily chart. This formation indicates a noteworthy shift in market sentiment, suggesting that buyers have taken control and are applying upward pressure on the stock. Generally, such a pattern is viewed as a strong signal that the previous downtrend might be reversing into an uptrend. In addition to this daily analysis, a breakout from the downtrend trendline has also been observed. Historically, this breakout level is recognized as a key support zone and often aligns with potential reversal points. The combination of the candlestick pattern and the trendline breakout reinforces the bullish outlook for BDL . Given the current market conditions and technical indicators, BDL appears to offer a favourable opportunity for accumulation at the CMP . For those looking to enter, a prudent long-term stop-loss level has been set at 896 , creating an optimal risk-reward scenario. Based on this analysis, the target price for long-term investment could be set at 1723 . Disclaimer: The information contained in this report is intended solely for informational and educational purposes, and should not be interpreted as financial advice. It is imperative that investors conduct their own thorough research and consider their individual financial situations
NSE:BDLLong
by NiftyNotions
COCHIN SHIPYARD analysisCOCHIN SHIPYARD is forming wave of Zig-zag pattern. We can see the previous fall has 5 waves within it forming wave of Zig-zag. According to the rule, wave will go a minimum 23.6% and a maximum of 50%. Anyone in the buying side in COCHIN SHIPYARD, should exit at these levels, as the price will fall again to form wave of Zig-zag. Trend changes above 61.8% level. This analysis is based on Elliott Wave theory and Fibonacci. This analysis is for educational purposes only. This not buying recommendations. Please always do your research before you take any trade.
NSE:COCHINSHIPLong
by theprofityogi
BHEL - BULLISH or BEARISH? Crab or Gartley?CMP: 252.5 TF: Daily Observations: - Price has broken Swing low at 224 and bouncing up in three wave structure - Price is trading below the rising channel/trendline - Price has negated the LH-LL structure by breaking the 249.2 high.. but the larger LH is still intact at 290 levels - UNFILLED GAP at 236 - Price has just reclaimed 200 DEMA - Price is still trading below the Cloud.. Cloud resistance is placed at 260 - SuperTrend is at 260 - Price is still trading below the falling trendline (connecting 327 and 291) I have marked both of the Harmonic pattern possibilities that meets the criteria - Gartley - The RED one.. target is placed at 261 - CRAB - Target is at 320 In my view, Price has a huge supply at 265-270 levels.. Price is now trading in the range of 200 to 270 band.. use the extreme ends for LOW Risk trades 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:BHEL
by Murthy_Santhosh