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Trend Analysis

GOLD STUCK IN A RUT - A MAJOR CORRECTION LIKELY? POSITIONAL VIEWSymbol - XAUUSD CMP - 2907 Gold is currently consolidating and trading sideways within a defined support zone of 2892 and resistance at 2921. The metal is showing no signs of further growth as it remains stuck within this range. While there has been an aggressive sell-off in the US dollar, a typical scenario that would support gold, the precious metal has failed to show any upward momentum, suggesting a lack of bullish sentiment in the market. From a technical perspective, the larger time frames indicate strong resistance levels at 2921, 2942 and 2954. These levels are acting as significant barriers to any substantial upward movement, and it appears that gold is attempting to make lower lows in its price action - A bearish indication in the current trend. This behavior supports the notion that the market may be gearing up for further downward pressure. Furthermore, there is an expectation of a rebound in the US dollar from its current level around 104. Such a rebound would exert additional downward pressure on gold, reinforcing the ongoing bearish structure. Market participants are also anticipating the upcoming NFP (Non-Farm Payroll) data release, which could have a significant impact on the trajectory of the dollar, gold and, by extension, Fed policy. Should the data point toward a stronger labor market, it could trigger a rally in the dollar, further dampening gold's potential upside. Despite the weaker dollar and expectations of potential Fed policy easing, gold has struggled to capitalize on these factors, likely due to the pause in Trump's tariff measures. The absence of significant external catalysts for growth means gold remains largely range-bound. If the bearish structure continues, a larger correction toward the 2800 levels could be on the horizon positionally. However, if gold manages to break through the resistance zone at 2921 and move upward due to any unexpected news, there is potential for a rise towards the 2960 and even 3000 levels. That said, this scenario seems less likely given the current market conditions, with the overall outlook remaining tilted towards further downside. Key Support Levels: 2892, 2881 Key Resistance Levels: 2921, 2942, 2954, Overall, the market remains in a corrective phase, with the risk of further downside outweighing the chances of a breakout to the upside unless significant catalysts arise.
OANDA:XAUUSDShort
by akshit_official
GOLD & NONFARM SHOWDOWN – WILL THE MARKET EXPLODE OR CRASH?📌 Market Outlook Before Nonfarm The global financial markets are eagerly awaiting the U.S. Nonfarm Payrolls (NFP) report, set to be released tonight. As one of the most anticipated economic indicators, it directly impacts the U.S. Dollar (DXY), Federal Reserve interest rate decisions, and Gold prices (XAU/USD). Currently, Gold is consolidating within the 2,892 - 2,929 range, waiting for a breakout. This report could serve as the catalyst to define the next major trend. 📊 Expected Nonfarm Scenarios & Impact on Gold & USD ✔ If Nonfarm Data Comes in Weak (~Below 180K) A lower-than-expected jobs report could signal economic slowdown, weakening the USD. Gold could break above 2,929 and move towards 2,943 - 2,954, as investors seek safe-haven assets. ✔ If Nonfarm Data is Strong (>250K) A robust jobs report would strengthen USD, reinforcing expectations that the Fed may delay interest rate cuts. Gold may drop towards 2,884 - 2,872, or even test deeper support at 2,859 - 2,840. ✔ If Nonfarm Matches Expectations (~200K) Market volatility may increase temporarily, but a clear trend will only emerge if price reacts strongly at key levels. 📈 Technical Overview – Key Resistance & Support Levels 🔺 Resistance Levels to Watch: 2,929: Immediate resistance, breaking this could confirm bullish momentum. 2,943 - 2,954: Major resistance; if surpassed, Gold could aim for 2,970+. 🔻 Support Levels to Watch: 2,884: Closest support, breaking this could open further downside risks. 2,872 - 2,859: Strong support zone where buyers might step in. 2,840: Critical level if the Nonfarm report significantly boosts USD. 📉 Final Thoughts – What’s Next for Gold? 📊 The Nonfarm Payrolls report is expected to trigger high volatility, determining Gold's next major trend. 📉 If data is weaker than expected, USD may decline, pushing Gold above 2,929 toward 2,943 - 2,954. 📈 If data exceeds expectations, USD will strengthen, leading Gold to retest supports at 2,872 - 2,859 or lower at 2,840. ⚠ Traders should remain cautious, as price swings may occur before a clear trend is established. Risk management is crucial! 📢 What’s your prediction for Gold after Nonfarm? Drop your thoughts below! 🚀🔥
OANDA:XAUUSD
by MMFlowTrading
"Reliance on the Move: Is This the Start of a Major Reversal?"📢 Market Sentiment Poll: Where Do You See Reliance Industries Heading? 🔘 Bullish – Potential upside towards ₹1,400+ 🚀 🔘 Neutral – Likely to consolidate 📊 🔘 Bearish – Could dip below ₹1,200 📉 💬 Share your market insights in the comments! This poll is for educational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
NSE:RELIANCE
by simpletradewithpatience
1
TOMATO - Ready to be squeezed?TF: Daily Looks like 5th wave is in progress 4th Triangle seems to have matured.. Harmonic Bullish Shark Pattern seems to be in play DEATH CROSS is seen (50 DEMA Cutting Down 200 DEMA) Price is getting rejected at the cloud bottom But 5th being 5th, we cant exactly predict the bottom here.. it could terminate anywhere below previous low.. Trail SL carefully. We are approaching the bottom on this leg down.. that is for sure.. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
NSE:ZOMATO
by Murthy_Santhosh
1
GOLD AWAITS NONFARM – BREAKOUT OR RETRACEMENT?GOLD AWAITS NONFARM DATA ON 07/03 – WILL IT HIT A NEW ATH OR CONTINUE ITS RETRACEMENT? 📌 Market Overview The global financial markets are on high alert as all eyes turn to the Nonfarm Payrolls (NFP) report – the most anticipated economic data of the month. 🔥 Geopolitical Tensions & Their Impact on Gold & USD (DXY): US tariff policies against neighboring countries and China continue to fuel uncertainty. DXY remains highly volatile, directly influencing Gold’s price movements. Investors worldwide are waiting for NFP results to determine whether Gold will break to new all-time highs (ATH) or undergo another correction. ⚡ Expected Price Volatility: Currently, Gold is trading sideways within a broad range of 2929 - 2892, holding this structure since the start of the week. Based on previous Nonfarm releases, Gold is expected to move 45 - 50 points today, possibly even 60 points! This presents high-profit potential for traders ready to react to a breakout. 📊 Key Support & Resistance Levels – Watch for the Breakout! 🔺 Key Resistance: 2920 - 2928 - 2943 - 2954 🔻 Key Support: 2892 - 2884 - 2872 - 2859 - 2838 🚀 Today's Game Plan: Gold is still consolidating sideways, with no clear breakout yet. Wait for a breakout confirmation, then follow the momentum. I will update fresh insights right before the Nonfarm release for a more precise strategy. 🎯 Trading Strategy for the Day 🟢 BUY ZONE: 2874 - 2872 ❌ SL: 2868 🎯 TP: 2878 - 2882 - 2886 - 2890 - 2895 - 2900 🔴 SELL ZONE: 2952 - 2954 ❌ SL: 2958 🎯 TP: 2948 - 2944 - 2940 - 2935 - 2930 📌 Important Reminders 💥 Nonfarm will trigger extreme volatility today – expect strong liquidity grabs! ✔ Stick to TP/SL to protect your capital against unexpected market swings. ✔ Wait for the breakout confirmation before entering trades – avoid FOMO! ✔ Control emotions & manage risk carefully – today’s market could be a game-changer! 📢 Are you ready for today’s market action? Stay updated and execute your trades with precision! 🚀🔥
OANDA:XAUUSD
by MMFlowTrading
Nifty Intraday Analysis for 07th March 2025NSE:NIFTY Index closed near 22545 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23000 Strike – 48.08 Lakh 22500 Strike – 39.92 Lakh 22100 Strike – 37.37 Lakh Put Writing 22500 Strike – 52.79 Lakh 22000 Strike – 45.45 Lakh 22200 Strike – 40.98 Lakh Index has resistance near 22650 - 22700 range and if index crosses and sustains above this level then may reach near 22800 - 22850 range. Index has immediate support near 22375 – 22325 range and if this support is broken then index may tank near 22200 – 22150 range.
NSE:NIFTY
by RKMAURYA
Bitcoin Bybit chart analysis March 7Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There will be a Nasdaq index announcement at 10:30 in a little while, 6-hour chart MACD dead cross is in progress. *Red finger movement path Long position strategy 1. 88,624 dollars long position entry section / cut-off price when purple support line is broken 2. 1st section at the top 1st target -> Top 2nd -> Target in order during the weekend 1st section at the top pink resistance line / green support line sideways to 3rd section There is a possibility of additional decline from bottom breakout Please check 4th section at the bottom -> 80,118.5 dollars Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
Banknifty Intraday Analysis for 07th March 2025NSE:BANKNIFTY Index closed near 48630 level and Maximum Call and Put Writing near CMP as below in March Month contract: Call Writing 50000 Strike – 14.04 Lakh 49000 Strike – 13.40 Lakh 48500 Strike – 8.39 Lakh Put Writing 48000 Strike – 12.35 Lakh 47000 Strike – 11.55 Lakh 48500 Strike – 8.55 Lakh Index has resistance near 49000 – 49100 range and if index crosses and sustains above this level then may reach near 49600 – 49700 range. Index has immediate support near 48200 - 48100 range and if this support is broken then index may tank near 47700 - 47600 range.
NSE:BANKNIFTY
by RKMAURYA
Nifty levels - Mar 10, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Finnifty Intraday Analysis for 07th March 2025NSE:CNXFINANCE Index closed near 23165 level and Maximum Call and Put Writing near CMP as below in March Month contract: Call Writing 23300 Strike – 0.53 Lakh 23000 Strike – 0.49 Lakh 23200 Strike – 0.48 Lakh Put Writing 23000 Strike – 0.77 Lakh 23200 Strike – 0.66 Lakh 22500 Strike – 0.64 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23425 - 23475 range. Index has immediate support near 22975 – 22925 range and if this support is broken then index may tank near 22850 – 22800 range.
NSE:CNXFINANCE
by RKMAURYA
BankNifty levels - Mar 10, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Midnifty Intraday Analysis for 07th March 2025NSE:NIFTY_MID_SELECT Index closed near 11190 level and Maximum Call and Put Writing near CMP as below in March Month contract: Call Writing 11000 Strike – 5.46 Lakh 10900 Strike – 5.43 Lakh 11500 Strike – 4.91 Lakh Put Writing 11000 Strike – 7.74 Lakh 10900 Strike – 5.70 Lakh 11200 Strike – 4.73 Lakh Index has immediate resistance near 11300 – 11350 range and if index crosses and sustains above this level then may reach 11500 – 11550 range. Index has immediate support near 11025 – 10975 range and if this support is broken then index may tank near 10825 – 10775 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
USOIL chart pattern for upcoming session of Thursday 15M TFIn the last session USOIL closed at 66.379 (2.4%) down and made of low of 65.208 , i've looked the chart on every TF and i've figured out some important levels of the crude ,on looking at the closing and price action formed our Near and major resistance zone is 66.795 - 67.090 this is a big zone but major zone and after that we've got the next resistance at 67.705 and the next one is 68.000 -68.105 , while looking at the chart in higher TF now market is going to compress or outburst for alternative scenario we've got some support zone's 65.259 - 65.200 is the level of support zone and it's also almost the low level of last session after that next support we've got on looking at every TF is 64.040 - 64.140 and after that 63.646 is the level which hold's some support , these are the level's which i got while studying the chart until new one is formed so we've to very clear here watch out every zone and level and look how price react's to it i've already told you how to trade in rejection and continuation pattern in our previous idea's ( and yeah sorry for typing mistake of level's and zone's in last USOIL idea published ) and i request every follower to avoid trading in news time ,now let's see how market react's on these levels.
FX:USOIL
by NobleFalcon
Bitcoin Bybit chart analysis March 6Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. There will be a Nasdaq index announcement at 10:30 in a little while. At the bottom left is the long position entry point on March 5th. The purple finger is connected to $88,407. *Red finger movement path One-way long position strategy First wave check in section 1 at the top 1. Long position entry section of $90,698 / Stop loss price when purple support line is broken 2. Long position 1st target of $94,236.5 -> Gap8 2nd target (Today's 4-hour chart, 12-hour chart resistance line section is $94,236.5 Since we don't know how much the adjustment will come out, it's okay to use a short position.) 3. After long profit cut, section 1, $91,884.5 long position utilization section After that, long position target price in order of Top -> Good section. Section 1 at the top If there is an adjustment after the touch, a short->long movement will occur in NASDAQ and it is more advantageous to wait for a long than a short, and Section 2 at the bottom is a safe long position entry section where a short-term pattern is maintained. From Section 3, there may be an additional decline, so it would be good to check Bottom -> $83449.5 as indicated. My waist and shoulders are not so good I will enter early here today Please use my analysis article as a reference only Don't forget the 6 principles of trading and the essential stop loss price and operate safely Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
AUDUSD - RETRACEMENT WITHIN UPTREND BEFORE FURTHER GROWTHSymbol - AUDUSD CMP - 0.6302 AUDUSD pair, supported by a decline in the US dollar, holds significant potential for continued growth. However, given the upcoming NFP release today, Friday, the associated risks are heightened. Currently, the currency pair is establishing a local uptrend, and in conjunction with the weakening dollar, the Australian dollar may sustain its strengthening trajectory. On the 4-hour chart, a local correction is developing towards an imbalance zone, with a strong support level at 0.6300 The price is displaying a false breakout, attempting to capture liquidity and subsequently consolidate at higher levels. Should the bulls successfully defend the 0.6300 – 0.6330 range, the price is positioned to maintain its upward momentum in both the short and medium term. Key support levels: 0.6300, 0.6255 Key resistance levels: 0.6330, 0.6363 A consolidation above the 0.6300 level, followed by a sustained rise and consolidation above 0.6330, would confirm the bulls' intentions for further upward movement. However, with the NFP release and other significant economic data on the horizon, the risks are amplified, and elevated market volatility should be expected.
Long
by akshit_official