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Trend Analysis

Gold price analysis November 27Fundamental Analysis Gold prices rose above overnight gains from the $2,600 region, or a one-week low, and gained some follow-through positive momentum for the second consecutive day on Wednesday. Concerns over persistent geopolitical risks stemming from the protracted Russia-Ukraine war and US President-elect Donald Trump’s tariff plans turned out to be the main factors driving safe-haven flows into the precious metal. In addition, a subdued US Dollar (USD) price action lifted Gold prices to a two-day high around $2,645 heading into the European session. However, the prevailing risk-on environment, prospects of slower rate cuts by the Federal Reserve (Fed) and rising US Treasury yields kept the yellow metal in check. Traders now look to key US inflation data for fresh impetus. Technical analysis The immediate resistance that gold is aiming for is 2648-2650, pay special attention to this price zone. If we can break this zone, we will wait for retests and BUY to the main resistance zone today at 2658-2660. In case the European session cannot break 2650, our strategy will be to SELL Gold, expecting it to reach 2634.
OANDA:XAUUSD
by TVS-Trader
Bank nifty trades and targets - 28/11/24Hello Everyone. The market was in a very tight range the today. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in blue are previous resistance and support so book profits at these zones. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades.
NSE:BANKNIFTY
by GOPISRI
BANKNIFTY: INSTITUTIONAL LEVELS FOR 28/11/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
Nifty trades and targets for - 28/11/24Hello Everyone. The market was in a very tight range the today. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in blue are previous resistance and support so book profits at these zones. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades.
NSE:NIFTY
by GOPISRI
NIFTY50: INSTITUTIONAL LEVELS FOR 28/11/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:NIFTY
by tony_fx_sm
NIFTY- Intraday Levels - 28th November 2024 Please note :- not all levels are marked on chart some are marked and some are mentioned below. If NIFTY sustain above 24355 to 24375 then 24398 to 24419 above this bullish then 24493 to24536 or 24555 day close above this can be consider bullish. If NIFTY sustain below 24238 below this bearish then 24146 to 24126 then 24086 below this more bearish day closing below 24000 can be considered bearish My view (for your study and analysis only, also conside my analysis could be wrong and to safegaurd the trade risk management is must) Probably sell on rise below 24238 and buy on dip above 24375. in intraday it may give a spike, however my view is opening or first half will be sell on rise, afterwards some shortcovering may come and we may see some bounce. Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:NIFTY
by PrashantTaralkar
3
Swing Current Price: The stock is trading at ₹4,469.65, up ₹235.50 (5.56%) for the day, indicating strong bullish momentum. Trendline Breakout: The stock has broken out of a downward-sloping trendline (orange line), suggesting a reversal of the recent downtrend. Support Levels: Strong support exists at ₹3,879.00 (blue horizontal line), which has held multiple times during previous pullbacks. Targets: 1st Target: ₹4,914.70 (green horizontal line), representing the next resistance zone. 2nd Target: ₹5,559.40 (black horizontal line), a higher resistance level and potential target. Volume Analysis The breakout is supported by increasing volume, which strengthens the case for bullish continuation. Conclusion Bullish View: The breakout from the trendline with strong volume indicates that the stock might move toward its 1st target of ₹4,914.70 and potentially to ₹5,559.40 if momentum continues. Bearish Risk: A failure to sustain above the breakout level could lead to a retest of the ₹3,879.00 support. This chart suggests a bullish trend with clear targets for traders to watch.
NSE:MAZDOCKLong
by iamsaurabh533
Swing1.Current Price: The stock is trading at ₹307.35, up ₹9.45 (3.17%) for the day. Trendline Breakout: A downward sloping trendline (orange line) connecting recent lower highs was broken on the upside. This indicates a potential trend reversal to the upside. Resistance and Support: Resistance: The stock has crossed the immediate resistance level of ₹302 (blue line). Sustaining above this level could signal further bullishness. Support: A key support zone is visible at ₹266.65 (orange horizontal line), which acted as a strong floor during pullbacks. 2. Volume Analysis The volume at the bottom of the chart indicates significant participation during the breakout. Increased volume during an upward move confirms the strength of the breakout. 3. Candlestick Pattern Recent bullish candles with higher closes and increased volumes signal strong buying interest. There is no major bearish candlestick that would currently negate the breakout. 4. Possible Scenarios Bullish Case: If the stock sustains above ₹302, it can aim for higher targets, with next resistances possibly in the ₹320-330 range based on past price levels. Positive sentiment in the defense sector, along with Bharat Electronics' leadership in electronic and defense equipment manufacturing, supports the bullish case. Bearish Case: If the stock fails to sustain above ₹302, it could revisit support levels near ₹266, which is a critical level for bulls to defend. 5. Conclusion This chart suggests that BEL has entered a bullish phase after breaking out of its consolidation and downtrend. The breakout above ₹302, supported by strong volumes, indicates a higher probability of an upward trend continuation. Short-term traders can watch for further confirmation of the breakout, while long-term investors might consider accumulating on dips given the company’s strong fundamentals in the defense sector.
NSE:BELLong
by iamsaurabh533
Gold DowntrendBased on the 1-hour chart of gold trading against the USD, I see a few key points for investors to pay attention to. After a strong rally, gold has seen a significant drop, with the price breaking below both the 34 EMA and 89 EMA, suggesting that a short-term downtrend may be forming. From a technical perspective, the crossover between the two EMAs has previously been a sign of a trend change, and the current price holding below these lines suggests that selling pressure may continue. This rapid decline could be the result of investors taking profits after the price reached new highs.
OANDA:XAUUSD
by Maria_aaa
USDJPY: Fluctuating Between Pressure and ExpectationsUSDJPY is hovering around 152.296 after failing to sustain above the key resistance level of 156.438. The EMA 34 and EMA 89 lines currently act as critical "cushions," yet they remain insufficient to alleviate the prevailing downward pressure. The RSI has dropped to 46.82, signaling weakening bullish momentum and a likelihood of continued short-term downtrend. Should USDJPY break below the EMA 89, the next target could be the deeper support zone at 141.898 – a historical low that has demonstrated its strength in the past. However, U.S. monetary policy, particularly signals from BofA about a stronger dollar, continues to exert significant pressure on the Japanese yen. Additionally, expectations of the FED maintaining its hawkish stance further intensify the tension for USDJPY, balancing between medium-term bullish hopes and short-term bearish pressure. Investors should closely monitor price movements around these critical support levels, as a “breakout” could lead to significant volatility, creating substantial opportunities or risks in the near future.
Short
by Sophi-A
EURUSD: Downward Pressure DominatesEURUSD is currently trading around 1.04836, remaining in a downtrend defined by the main descending trendline. The EMA 34 and EMA 89 are acting as strong resistance levels, blocking any recovery attempts by the currency pair. Based on the chart, the resistance zone at 1.05344 is a critical level that needs to be broken to confirm bullish signals. However, with reports from BCA suggesting that the recovery of the Euro and European equities might soon come to an end, the likelihood of increased downward pressure is high. If the price fails to hold above this zone, EURUSD may return to test the support near 1.03844, which has proven to be a solid support area in the past. Should selling pressure persist, a break below 1.03844 could push the price lower towards the support zone around 1.03000. Traders are advised to closely monitor price action at these resistance and support levels to adjust their trading strategies accordingly.
by Sophi-A
Gold Prices Rise Steadily, Testing the 2,658 USD/oz LevelGold prices increased for the third consecutive session, reaching a one-week high of 2,647.43 USD/oz on November 20, supported by its role as a safe-haven asset amid escalating tensions between Russia and Ukraine. However, the rally was capped by a recovering USD, making gold more expensive for international buyers. The 2,551 level has been confirmed as strong support after two successful tests, prompting a sharp rebound. The 2,658 level is the next immediate target for prices to break, while the 2,789 zone is the next potential peak if the bullish trend persists. Following a significant correction from the previous high, gold may form a double-bottom pattern around 2,551, signaling strong buying pressure. Currently, prices are testing the 2,658 resistance level and show signs of continuing the upward trend if this level is breached. If a pullback occurs, the 2,652 zone (EMA 34) will serve as an essential support level to watch.
OANDA:XAUUSDLong
by Vanna-Cris
Technical analysis of XAUUSD chartDear friends, it's Samson here! Flag Pattern: The chart showcases a well-formed flag pattern, a classic bearish continuation signal. Target Projection: Using the height of the previous wave 3 of the flagpole, the pattern's target is forecasted to be around $2,553. Fibonacci Levels: The price is at a level corresponding to the 0.618 Fibonacci retracement at $2,637, a strong bearish signal, with the next resistance near $2,647 (0.5 Fibonacci retracement). Breakout Confirmation: A breakout from the flag will confirm the bearish momentum. Trend Outlook: A macro bearish trend is indicated, supported by resistance rooted in fundamental factors... Consider, share your opinions and questions, discuss what is happening with OANDA:XAUUSD
OANDA:XAUUSDShort
by Bo-Samson
3
My Analysis of EURUSD (1 Hour Chart)Hello everyone, Ascending Channel Formation: Price is moving within a clear ascending channel, with higher highs and higher lows forming along the way. This structure suggests a temporary upside correction within the overall downtrend. EMA Dynamics: The 34 EMA (purple) is currently acting as dynamic resistance, rejecting multiple attempts to break higher, as indicated by the red arrows. The 89 EMA (pink) is closely aligned, consolidating the resistance zone and signaling bearish momentum when the price is below these levels. Key Resistance Zone: The upper boundary of the channel, near 1.0525, is a key resistance zone. This zone is consistent with the rejection from the EMA and is expected to limit upside momentum. Near-term Price Movement: I expect price to retest this resistance level and potentially fake out in the short term before moving lower. A break of the ascending channel to the downside would confirm a continuation of the decline. Target Level: The initial downside target is around 1.0450, near the middle of the previous range. If the decline continues, I expect the price to fall further towards the support level of 1.0352, which marks the lower boundary of my expected price. Risk Zone: A sustained break above 1.0550 would invalidate my bearish outlook and signal further upside. Conclusion: For now, I am watching how the price reacts at the upper boundary of the ascending channel and the EMA resistance zone. Any rejection or bearish candlestick pattern would confirm my short bias, focusing on the downside targets.
Short
by Bo-Samson
BankNifty Intraday Support & Resistance Levels for 28.11.2024On Wednesday, BankNifty started on a weak note but quickly recovered. It made a low of 52019.65 before rallying to a high of 52444.35. It closed at 52301.80, gaining 110 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, reflecting a range-bound market. The index is currently trading within a critical supply zone, which may determine its next move. Demand/Support Zones Near Demand/Support Zone (30m): 51040.05 - 51271.50 Far Small Demand/Support Zone (15m): 50609.75 - 50824.55 Far Support: 49282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44633.85 - 45750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 51294.20 - 52493.95 (current price inside this zone) Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 28.11.2024On Wednesday, Nifty opened flat and traded within a narrow range. It touched a low of 24145.65 and a high of 24354.55, eventually closing at 24274.90, up by 80 points from the previous close. For the past three days, Nifty has been consolidating in the 24100 - 24350 range, signalling indecision. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating the market is waiting for a breakout. Demand/Support Zones Near Demand/Support Zone (15m): 23856.15 - 23940.30 Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Near Support: 23189.88 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply) Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 A breakout beyond 24350 or a breakdown below 24100 could set the tone for the next directional move.
NSE:NIFTY
by PriteshPal
Dow Trading Strategy for 28th November 2024Trade Strategy for Dow Futures Buy: Enter a long position when the price moves above 45000 on a one-hour candle close. Sell: Enter a short position when the price drops below 44780 on a one-hour candle close. Current Price: 44879 Support and Resistance Levels Support Levels: 44780: This is the first line of defense where the price might find support and potentially reverse upwards. 44500: If the price falls below 44780, 44500 acts as the next significant support level. 44000: This is a major psychological level that could provide strong support. Resistance Levels: 45000: The initial barrier where the price might encounter resistance and potentially reverse downwards. 45200: If the price breaks above 45000, 45200 becomes the next key resistance level. 45500: This is a significant resistance level that could pose a challenge for further upward movement. Disclaimer Trading involves significant risk and it's important to do your own thorough research or consult with a professional financial advisor before making any investment decisions. The information provided here is for educational purposes only and should not be considered as financial advice. Always consider your risk tolerance and investment goals before engaging in trading activities.
BLACKBULL:DJ30.F
by ramkkyy
Gold Trading strategy for 28th November 2024Trade Strategy for Gold Current Price 2636.700 USD Buy: Enter a long position when the price moves above 2659 on a one-hour candle close. Sell: Enter a short position when the price drops below 2626 on a one-hour candle close. Support and Resistance Levels Support Levels: 2600: This is the first line of defense where the price might find support and potentially reverse upwards. 2550: If the price falls below 2600, 2550 acts as the next significant support level. 2500: This is a major psychological level that could provide strong support. Resistance Levels: 2700: The initial barrier where the price might encounter resistance and potentially reverse downwards. 2750: If the price breaks above 2700, 2750 becomes the next key resistance level. 2800: This is a significant resistance level that could pose a challenge for further upward movement. Disclaimer Trading involves significant risk and it's important to do your own thorough research or consult with a professional financial advisor before making any investment decisions. The information provided here is for educational purposes only and should not be considered as financial advice. Always consider your risk tolerance and investment goals before engaging in trading activities.
OANDA:XAUUSD
by ramkkyy