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Trend Analysis

Analysis of gold trend on November 25Analysis of gold trend on November 25 1. Market overview On Monday in Asia, gold prices experienced a sharp correction, falling by more than $60 during the day, hitting a low of $2,658. Gold's closing price last Friday was around $2,715. It reached as high as $2,720 at the opening today, but then suffered a strong sell-off, creating greater downward pressure. The current pullback is mainly affected by the uncertainty of the situation in the Middle East, especially the discussion between Hezbollah and the United States and Israel on the 60-day armistice agreement. Although a deal is close, market sentiment remains cautious, with the gold market reflecting this uncertainty, leading to increased price volatility. 2. Technical analysis price trend Gold prices have retreated from a high of $2,715 to the current $2,658, forming a more significant downward trend. From the technical chart, gold prices are still in the head and shoulders bottom pattern formed on the 4-hour chart. This pattern usually indicates that the market may reverse upward. However, the left shoulder and head position of the head and shoulders bottom pattern have been confirmed, but the construction of the right shoulder part is still in progress. Future trends need to focus on the support near $2,650. support and resistance Support level: Gold's current key support level is near $2,650, which is determined based on the 618 retracement level of gold's rise from $2,535 to $2,720. In technical analysis, the 618 retracement is considered a strong support area. If the price can stabilize above $2,650, gold may still continue its upward trend. Resistance level: Upside resistance in the short term lies in the $2,715-2,720 area, and if gold prices can break above this level, it may continue to test higher price ranges. However, the current short-term decline remains under pressure, so caution is needed before breaking out of this range. Pattern Analysis The current gold price trend has formed signs of a head and shoulders bottom. Despite gold’s pullback from $2,720 to the current level of $2,658, the 4-hour chart still shows the potential to form a right shoulder. If gold prices can find support near $2,650 and stabilize upward, this pattern could develop further and become a bullish reversal signal. 3. Operation suggestions According to current technical analysis, the key support level for gold prices is near $2,650. This position determines whether gold can continue its upward momentum in the short term. Operational suggestions: Long strategy: If the price of gold can stabilize above US$2,650, it is recommended to consider entering long positions near 2,650. The target price can focus on the short-term resistance range of US$2,715-2,720. Stop loss setting: In order to control risks, if the price of gold falls below the support level of $2,650, stop losses should be considered to avoid greater downside risks. Short selling strategy: If the price of gold continues to decline below $2,650 and falls below the important support range, you can consider a short-term short-term strategy, with the target looking at the support area near $2,610-2,600. 4. Summary The current gold market has formed a key support level near $2,650, and there is still upside potential on the technical front. If gold can hold above $2,650 and break through short-term resistance, it may continue to move higher, forming a complete reversal of the head and shoulders bottom pattern. However, if the price falls further below $2,650, there are still downside risks in the short term. Investors should pay close attention to the break of the $2,650 support level and adjust their operating strategies accordingly.
PYTH:XAUUSD
by GoldNest_by_Lovewell
1
Will gold continue to rise strongly next week? Review of recent trends: The gold market showed a significant reversal this week. Following last Friday's consecutive negative declines, gold prices rebounded strongly this week, rising for five consecutive days and quickly recovering lost ground. After falling from 2710 last week to 2536, prices rose again this week, indicating that market sentiment is changing rapidly, especially driven by geopolitical factors. Fundamental impact: Geopolitical tensions: The Russia-Ukraine conflict and the escalation of tensions on the Korean Peninsula are key factors driving the rise in gold, and rising demand for safe havens is the main driving force behind the surge in gold prices. Korean Peninsula: North Korean leader Kim Jong-un said he currently faces the risk of nuclear war, which intensified the market's risk aversion and pushed gold prices higher. If these uncertainties continue to ferment, gold may break through the $2,800 mark before the end of the year. Technical analysis: Daily K-line chart: A golden cross appears on the daily chart, which is a typical bullish signal and there is still room for growth in the short term. Five consecutive positive lines indicate that bulls have strong momentum, and the price has broken through the central axis of 2690, and may continue to test higher prices upwards. 4 hour chart: The trend shows a stepped slow bull shape, with shocks running upward. Both Stochastic and MACD are in golden cross status, showing continued upward momentum. Key pressure ranges: 2750-2760, 2790. If these pressure levels are exceeded, gold prices may rise further. Support range: 2700-2690. If the price pulls back here, strong support may be formed. Operation strategy: Retracement to go long: If the gold price pulls back to around 2710, you can consider going long, with targets at 2728, 2740, and 2756. Shorting on rebound: If the price rebounds to 2728, 2740, 2756, etc., you can go short in these areas. Support zone operation: If the price falls back to around 2706, 2700, and 2692, you can go long in batches and use the support level to find entry opportunities. Outlook for next week: Gold's short-term trend remains bullish, especially on the technical front, with a golden cross and upward momentum showing the potential for continued gains. In terms of fundamentals, geopolitical risk factors still have a greater impact on the market, and gold is expected to continue to be the first choice for safe-haven funds. The key price ranges for next week are: support level: 2700-2690; pressure level: 2750-2760, 2790. If it breaks through to the upside, gold may challenge the high of $2,800. In general, the short-term trend of gold next week is bullish, but we also need to be wary of price shock adjustments near key pressure levels.
PYTH:XAUUSD
by GoldNest_by_Lovewell
Prajindustries All set for a breakout? ✅Bullish Engulfing from support levels. ✅Good Volume ✅Dry volume when pulling back. ✅Trading above Key DMAs. ❗️Positional SL is very deep(20%)- Adjust SL as per your appetite and position sizing technique. Position sizing is very important if you are building positions. Aggressive trader's SL after the breakout is 761 closing basis. The view is personal. Please do your due diligence before trading. This is not a buy-sell recommendation. We missed the ideal entry when the stock broke out of the trendline area ( 718-19 range) -Market Cap₹ 14,798 Cr. -Current Price₹ 803 -Stock P/E 53.2 -ROCE29.3 % -ROE23.3 %
NSE:PRAJINDLong
by sagartharayil
Fortis Healthcare Short Term TradeThe stock has been in an overall long term uptrend, with visible higher highs and higher lows Level around 572 has been a strong support since the last three months During this period the chart followed a rising trendline as resistance, forming a rising head and shoulder like pattern. Now a breakout has occurred through this zone, with a rise in volume and atr on breakout The overall volume also indicates bullish strength in the stock, Thus, for a short term trade, tgt 718, sl 656.5
NSE:FORTISLong
by zenni_10
Havells - Low Risk IdeaCMP 1614 on 05.11.24 The chart is self-explanatory. Since 2021, the blue-colored parallel channel has been turned into a support ( if works like ). If the price bounces back from the support, may go into a bullish phase. targets may be 1700/1800/1900. MACD histogram also shows some reversal. The setup goes weak if sustains below 1550. Keep your position size according to the stop loss and your trading strategy. All this illustration is my own view, only for learning and sharing purposes, not a trading recommendation in any form. All the best.
NSE:HAVELLSLong
by anandlive
BankNifty, Nifty, Gold & Bitcoin - Maha Bounce!In last week's video, we anticipated significant moves across BankNifty, Nifty, Gold, and Bitcoin, all aligning with NDA+ victory in the Maharashtra Assembly elections. Here’s a quick recap and what to watch next: BankNifty: What's Next? - The index could face resistance in the 51650-51950 zone as a Bearish Shark pattern unfolds along with falling channel resistance. - If a gap-up move brings BankNifty into this resistance zone and it holds below 52000, it could present an opportunity to sell. - Key Alert: If the index breaks above 52000, the Bearish Shark pattern becomes invalid, as it would breach the falling channel. - In case of a gap-up opening at 51650-51950, be cautious of a sharp drop towards the 50950-51000- first target zone downside - Further downside could extend to 50350-50550 if 50900 support breaks. Gold: A $100+ Upside Move Gold delivered a remarkable bounce, gaining over $100 + as discussed last week. Bitcoin: Nearing $100,000 Bitcoin is on the verge of a monumental milestone, heading close to the $100,000 mark—a notable achievement since last week's prediction. Stay sharp as we enter this critical week. Watch for the levels discussed, and remember to trade with caution. Let’s see how these setups play out! Market whispers! Can You Hear Them? Have a great week ahead! Best regards, WaveTalks
NSE:BANKNIFTYShort
by WaveTalks
8
Zomato : Head n Shoulder Bearish pattern emergingHead n Shoulder Bearish pattern emerging in Zomato. If price breaks down below 240 then go short with Stoploss of 265 with tgt of 190-185. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. 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. Thank you.
NSE:ZOMATOShort
by maneeshaggarwal
High conviction stock - BANDHANBNKCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery. > Taking support at last years support or breakout level > High chances that it reverses from this point. > Volume dried up badly in last few months / days. > Very high suspicion based analysis and not based on chart patterns / candle patterns deeply. DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespective of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING. HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT ! STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY ITS A BIG WHOPPER TO INVEST
NSE:BANDHANBNKLong
by Yoyohoneysingh93
High conviction stock - BIRLACORPNCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery. > Taking support at last years support or breakout level > High chances that it reverses from this point. > Volume dried up badly in last few months / days. > Very high suspicion based analysis and not based on chart patterns / candle patterns deeply. DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespective of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING. HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT ! STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY
NSE:BIRLACORPNLong
by Yoyohoneysingh93
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in RATNAVEER BUY TODAY SELL TOMORROW for 5%
NSE:RATNAVEER
by Kapil-Mittal
2
Silver Futures AnalysisKey elements of this setup detailed explanation: 1. Candlestick Chart: This type of chart is used to display price movements of a financial asset over a specific period. Each candlestick shows four main pieces of information: opening price, closing price, highest price, and lowest price for the period. 2. Fibonacci Retracement Levels: These are horizontal lines that indicate possible support and resistance levels. They are derived from the Fibonacci sequence and are often used by traders to predict potential reversal levels. The key levels visible on this chart include 23.60%, 38.20%, 50.00%, 61.80%, and 78.60%. 3. Trend Lines: An upward trend line (in red) shows the general direction of the price movement over time. It's drawn by connecting the low points of the price movement, indicating an overall upward trajectory before the recent decline. 4. Support and Resistance Levels: Green horizontal lines represent support levels where the price tends to find a “floor” as it falls. Red horizontal lines represent resistance levels where the price tends to find a “ceiling” as it rises. 5. Price Action: This shows the recent downward movement after hitting the 100.00% Fibonacci retracement level, suggesting a potential trend reversal. The price is currently around the 38.20% Fibonacci level, which might act as a support level. This setup is instrumental in technical analysis. It helps traders: Identify potential entry and exit points. Recognize possible reversal levels. Make informed trading decisions based on historical price movements and key levels. Let me know if you need further details or have any other questions! 📊
MCX:SILVER1!Long
by iVishalPal
2
High conviction stock - GAELCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery. > Taking support at last years support or breakout level > High chances that it reverses from this point. > Volume dried up badly in last few months / days. > Very high suspicion based analysis and not based on chart patterns / candle patterns deeply. DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespecitve of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING. HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT ! STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY
NSE:GAELLong
by Yoyohoneysingh93
High conviction stock - CREDITACCCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery. > Taking support at last years support or breakout level > High chances that it reverses from this point. > Volume dried up badly in last few months / days. > Very high suspicion based analysis and not based on chart patterns / candle patterns deeply. DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespecitve of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING. HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT ! STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY
NSE:CREDITACCLong
by Yoyohoneysingh93