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BTC Swing 8R reversal scenario....BTC moved as per our plan throughout last 10-15 days and crashed to ~ 90K levels, now it has reached to its critical level of reversal, which is weekly FVG CE area. Price has already shown change in delivery at 4H level. All these making it a really good contender for a long swing trade which may even lead to all time high. 1. Price has tested CE of weekly strong FVG and formed CISD at 4-hour level. 2. Now it is testing CISD imbalance area to form proper entry model… 3. We may wait for MSS to occur in this area in 15 minutes for more precise entries. 4. Most probably price will take liquidity of FVG/RDRB level and create MSS/CISD/TS/iFVG in LTF. 5. Price should show rejection/reversal in respective LTF (5m/15m) at FVG zone. 6. Take the trade only once clear entry model i.e. turtle soup. iFVG break, CDS or MSS happens on LTF All these combinations are signalling a high probability and ~8R trade scenario. Note – if you liked this analysis, please boost the idea so that other can also get benefit of it. Also follow me for notification for incoming ideas. Also Feel free to comment if you have any input to share. Join me on live stream for real time update. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) and check with your financial advisor before making any trading decisions.
BINANCE:BTCUSDLong
by HareeyMarketMantraah
3
NIFTY KEY LEVELS FOR 19.11.2025NIFTY KEY LEVELS FOR 19.11.2025 Timeframe: 3 Minutes If the candle stays above the pivot point, it is considered a bullish bias; if it remains below, it indicates a bearish bias. Price may reverse near Resistance 1 or Support 1. If it moves further, the next potential reversal zone is near Resistance 2 or Support 2. If these levels are also broken, we can expect the trend. When a support or resistance level is broken, it often reverses its role; a broken resistance becomes the new support, and a broken support becomes the new resistance. If the range(R2-S2) is narrow, the market may become volatile or trend strongly. If the range is wide, the market is more likely to remain sideways please like and share my idea if you find it helpful 📢 Disclaimer I am not a SEBI-registered financial adviser. The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments. Please consult with your SEBI-registered financial advisor before making any trading or investment decisions. Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
NSE:NIFTY
by AATHIE
$AVAX IS SITTING ON A MACRO LEVEL YOU CAN’T IGNOREAVAX IS SITTING ON A MACRO LEVEL YOU CAN’T IGNORE AVAX just Tapped a 4-year Demand Cluster: Bullish OB + 0.786 Fib + long-term wedge support, the same region that triggered every major reversal since 2021. This is Retest #3, where high-timeframe structures typically shift from capitulation → accumulation. Liquidity below the range is cleared. Sellers are exhausted. Volatility is compressed to extremes. If this Base Holds, the Upside Map is already Defined: $43 → $85 → $145 → $302 (Full wedge expansion potential: ~1,100%) This is the kind of level where institutions position quietly while retail exits loudly. IMO, the Best Long-run Accumulation Range remains $15–$11. Note: NFa & DYOR
Long
by CryptoPatel
#NIFTY Intraday Support and Resistance Levels - 19/11/2025Nifty is expected to open flat near the 26000 level, keeping price action inside the same tight range as yesterday. The index is currently trading near an important resistance cluster, so early candles may remain choppy and sideways until a clear directional move develops. If Nifty sustains above 26,050, upside strength can continue toward 26,150, 26,200, and 26,250+. A breakout above 26,050 will act as the primary confirmation for long positions, indicating fresh buyer momentum. On the downside, if the index slips below 25,950–25,900, a short setup may get activated toward 25,850, 25,800, and 25,750-. This zone has acted as support earlier, so a breakdown may lead to a quick intraday slide. Overall, with a flat opening and no gap advantage for either side, Nifty remains in a reaction zone. Traders should wait for a decisive move above 26,050 or below 25,950 to catch a clean trend. Use strict SL as volatility may rise around resistance levels.
NSE:NIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(19/11/2025)Bank Nifty is opening flat today with no major changes from yesterday’s key levels, which means the same zones will continue to act as strong intraday support and resistance. Price is still trading inside the same range, and until a breakout happens on either side, movements may remain restricted within this band. On the upside, a clear bullish continuation will be visible only if Bank Nifty sustains above 59,050, where buying becomes active with targets toward 59,250, 59,350, and 59,450+. This level has acted as a strong rejection zone earlier, so a breakout above it can trigger a clean up-move. For intraday reversal buying, the 58,550–58,600 zone remains important. Sustaining above this area can push the index back toward 58,750, 58,850, and 59,000+. On the downside, weakness will only come if Bank Nifty breaks below 58,950, where selling becomes valid with targets toward 58,750, 58,650, and 58,550-. Below this, the broader support sits near 58,550, which is still intact from yesterday. Overall, the structure remains range-bound, and traders should focus on breakout levels rather than chasing trades inside the zone. Let price stabilize near the edges before taking entries.
NSE:BANKNIFTY
by TradZoo
Gold Trading Stategy for 19th November 2025📈 Gold Trading Setup 💰 Buy Setup 🟢 Condition: Enter Buy if Gold (XAU/USD) closes above the high of the 15-minute candle. Entry Level: Above 4101 Targets: Target 1: 4113 Target 2: 4125 Target 3: 4138 Sell Setup 🔴 Condition: Enter Sell if Gold (XAU/USD) closes below the low of the 1-hour candle. Entry Level: Below 4040 Targets: Target 1: 4028 Target 2: 4017 Target 3: 4004 🛑 Important Disclaimer 📉 This is not financial advice. Trading involves substantial risk and may not be suitable for all investors. Only trade with capital you can afford to lose. Do your own research (DYOR) before making any trading decisions. Past performance is not indicative of future results. Market conditions can change rapidly, and no strategy is foolproof. Always use appropriate risk management, including stop-loss orders.
TVC:GOLD
by ramkkyy
Gold Analysis & Trading Strategy | November 18-19✅ From the 4-hour chart, gold remains in an overall bearish correction structure. MA5 and MA10 have formed a bearish crossover and continue to suppress the candlesticks, indicating that the short-term rebound is limited. MA20 is located near 4097, acting as significant resistance. As long as the price fails to stabilize above this level, the bearish structure will not change. The Bollinger Bands show a downward opening, reflecting a weak trend. Price previously broke below the lower band (around 3980) and although it has since rebounded, it still remains below the middle band. Gold has repeatedly tested the 3997–4000 support zone and formed brief rebounds, but the strength is weak — this is still technical correction rather than a trend reversal. ✅ On the 1-hour chart, gold shows a clear short-term rebound correction. Price has broken above MA5 and MA10 and is holding above the short-term moving averages, indicating strengthening rebound momentum. The upper resistance comes from the Bollinger upper band at 4075–4078, an area where gold has repeatedly been rejected. MA20 (around 4036–4040) has shifted from resistance to short-term support. As long as this level holds, the 1-hour structure still has room to extend the rebound. Long lower wicks and concentrated trading around 4050–4060 suggest that buyers are trying to establish a short-term base. However, the short-term rebound has not changed the bigger bearish structure. If gold fails to break through 4075–4080, the rebound may end and the price could return to its bearish rhythm. 🔴 Resistance Levels: 4075–4080 / 4100–4108 / 4150 🟢 Support Levels: 4036–4040 / 4000–3997 / 3953 ✅ Trading Strategy Reference 🔰 Strategy 1 — Look for short positions near resistance (trend-following): If gold rebounds to 4075–4080 and shows rejection: Consider taking light short positions Stop Loss: above 4088 Targets: 4050 → 4035 → 4000 👉 This zone combines multiple moving-average resistance and the Bollinger upper band, making it a high-probability area for trend-following shorts. 🔰 Strategy 2 — Short-term long positions from support (countertrend, light positions): If gold pulls back to 4035–4040 and stabilizes: Consider a short-term long position Stop Loss: below 4030 Targets: 4060 → 4075 👉 This is only a corrective rebound trade — not suitable for large positions. 🔰 Strategy 3 — If gold breaks below 4000, downside may accelerate: A break below 3997–4000 could trigger a stronger sell-off, with targets toward:3953 → 3920 ✅ Summary Gold remains in a bearish, downward-dominated structure, and the current rebound is still a weak correction. As long as the price remains suppressed below 4080–4100, the bearish trend remains intact.
OANDA:XAUUSD
by GoldTrading_JACK
Strong Domestic Cues, Fragile Global Cues Ahead of Key AI Data.The Nifty 50 Index ended the session with a negative bias, characteristic of an expiry-driven trading day where initial “buy-on-dips” attempts were ultimately unsuccessful. While India’s economic and policy backdrop remains fundamentally strong, global sentiment has turned cautious ahead of a major earnings announcement from Nvidia on 19 November 2025. Concerns are resurfacing regarding elevated valuations across the global artificial intelligence (AI) complex and the possibility of concentrated capital positioning in technology leadership stocks. This combination has created a divergence: India’s macroeconomic picture remains constructive, yet global risk sentiment may temporarily weigh on domestic markets. Domestic Fundamentals: A Stable and Supportive Economic Base Several structural factors continue to support India’s medium- to long-term outlook: 1. Moderating Inflation Inflation data remains within a manageable range, supported by improvements in food supply, logistics, and targeted government interventions. 2. Increased Household Purchasing Power Recent Goods and Services Tax (GST) rationalisation measures, including lower rates on select mass-consumption segments, have contributed to improved consumer balance sheets and broader demand recovery. 3. Stable Policy and Governance Environment The continuity of the NDA government, with strengthened legislative support following the Lok Sabha election, has provided policy predictability and allowed capital expenditure and infrastructure programs to continue without interruption. 4. Improving Trade and Investment Prospects Negotiation progress in potential United States–India trade cooperation, along with a global supply-chain realignment, has reinforced India’s role as a destination for strategic and long-term investment flows. Global Overhang: AI Valuations, Nvidia Earnings, and Bubble Concerns A significant portion of 2024–2025 equity market gains in the US and other developed markets has been concentrated in AI-linked technology leaders. While these firms, including Nvidia, have demonstrated strong revenue growth and notable margin expansion, investor concern arises from valuation concentration and momentum-driven reallocations rather than the absence of fundamental performance. Why Nvidia earnings are a global event risk: A weaker-than-expected result or a more cautious forward guidance could: Trigger a correction in AI, semiconductor, and hyperscale cloud ecosystem stocks. Pressure the Nasdaq and S&P 500 indices. Lead to risk reduction across global emerging markets, including India. Drive flows into gold, US Treasuries, and other defensive assets. Debate continues as to whether current pricing represents a sustainable technology cycle or an early-stage bubble. Historically, technology cycles that reached extreme valuations (for example, dot-com 1999–2000) have been followed by broad asset reallocation, although subsequent recoveries have been strong for fundamentally sound sectors and companies. Technical Outlook: Short-Term Caution with Constructive Long-Term Structure The broader technical structure of Nifty remains in a long-term rising trend; however, near-term momentum has weakened. Critical Technical Levels Immediate support: 25,850 – 25,900 Secondary swing support: 25,700 Resistance zone: 26,100 – 26,300 (major breakout region) A decisive close below 25,700 may encourage a deeper corrective phase. Conversely, a sustained close above the 26,300 zone would indicate renewed upside momentum. Shorter timeframes (5-minute and 15-minute charts) reflected expiry-related volatility and selling pressure into the close. The hourly and four-hour charts continue to show a higher-lows structure, but with moderating strength. Market Psychology Three simultaneous behavioural forces appear to be shaping investor positioning: Psychological Factor Resulting Market Behaviour Fear of Missing Out (FOMO) in AI leadership Persistent capital concentration in a few global technology names Concern regarding potential AI overvaluation Reduced willingness to carry aggressive leveraged long exposure Expectation of sector rotation Increasing attention on undervalued or under-owned areas of the market This positioning reflects caution rather than a shift in belief regarding India’s structural growth trajectory. Portfolio and Risk Positioning Considerations Until global volatility linked to AI leadership stabilises, a balanced approach may be more suitable than aggressive directional trades. Sectors with constructive long-term outlook (not stock recommendations): Banking and diversified financials Infrastructure, capital goods, and industrial engineering Power and public utilities Automobiles and consumer discretionary Areas to approach selectively in the near term: High-beta AI and technology names with extended valuations Speculative momentum assets lacking earnings visibility Hedging via index options or staggered accumulation strategies may be appropriate for risk management. Conclusion India remains one of the most resilient and structurally attractive equity markets globally. While the short-term trend reflects caution tied to global technology sentiment and Nvidia’s upcoming earnings, any corrective phase driven by external risk may offer compelling entry opportunities for long-term investors who have remained under-allocated. In summary: the near-term outlook is cautious, but the long-term investment case for India remains fundamentally strong. Preparing for volatility while remaining opportunistic could be the most effective strategic stance.
NSE:NIFTY
by DrAayushGoyal
Elliott Wave Analysis – XAUUSD (18 November 2025)1️⃣ Momentum D1 Timeframe: D1 momentum is approaching the oversold zone, signaling that a potential reversal may be forming. Although this does not confirm a daily reversal yet, it is an early warning that bearish momentum may be weakening soon. H4 Timeframe: H4 momentum is also nearing the oversold zone, suggesting that a reversal or recovery bounce could appear shortly. H1 Timeframe: H1 momentum is beginning to turn upward, indicating that in the short term we can expect a bullish pullback on the H1 timeframe. ________________________________________ 2️⃣ Wave Structure D1 Wave Structure: Price is currently still moving inside wave Y. With D1 momentum entering the oversold zone, we do not have a confirmed reversal yet, but it alerts us to the rising probability of one forming soon. Wave W previously took 8 days to complete. Since momentum cycles often form in 5–8 daily candles, this time structure can be used as a reference when observing the development of wave Y, as waves W and Y tend to share similar timing characteristics. ________________________________________ H4 Wave Structure: On H4, a 5-wave sequence (blue) has completed, and price is currently in wave 5. Combined with D1 momentum nearing oversold, this leads to three possible scenarios: 1️⃣ Scenario 1: This 5-wave decline is wave (1) of a larger 5-wave structure inside purple wave Y. If so, once wave (5) finishes, we will see a wave (2) pullback, aligning with the upcoming D1 momentum reversal. 2️⃣ Scenario 2: Wave Y may end earlier than expected, failing to reach the 3746 target. If this occurs, a new trend could begin sooner, coinciding with the next D1 momentum reversal. 3️⃣ Scenario 3: D1 momentum enters the oversold zone but remains compressed there, dragging price lower for a deeper extension before any reversal happens. These three possibilities help guide our chart observation and prepare for multiple outcomes. ________________________________________ H1 Wave Structure: On H1, price is also forming a 5-wave decline (blue) and is currently in wave 5. The projected target for wave 5 is around 3958, which is where we expect a Buy setup. Additionally, RSI is showing bullish divergence across the lows, reinforcing the probability that price is completing wave 5 and preparing for a short-term bounce. ________________________________________ 3️⃣ Trade Plan • Buy Zone: 3959 – 3957 • Stop Loss: 3938 • TP1: 4000 • TP2: 4096 • TP3: 4145
OANDA:XAUUSDLong
by WavePoint_FX
XAUUSD Repricing MoveXAUUSD Repricing Move Gold continues to trade inside a broader corrective cycle, with price action showing a clear transition from prior strength into a short-term distribution phase. The chart highlights repeated breaks in market structure and shifts in order flow, signalling a controlled decline built on institutional rebalancing. After the recent downside sweep, price is now hovering around a key reaction zone where liquidity has already been absorbed. Sellers dominated the previous swing, but the latest candles show a slowdown in bearish momentum, indicating that the market may be preparing for a corrective repricing attempt. The volume footprint on the left side of the chart reflects previous heavy activity from major participants, and the current area sits beneath an inefficiency pocket that remains unmitigated. This opens the door for a short-term bullish rotation if buyers defend this accumulation region. The marked arrow in your chart aligns with a potential internal shift where gold could attempt a short retracement toward the mid-range of the prior move. Momentum indicators embedded in the structure show reduced volatility, meaning the market may be positioning itself for a liquidity-driven bounce rather than continuing straight lower. The next sessions will reveal whether this zone becomes a launch point for a recovery leg or if the broader trend resumes its downward trajectory.
TVC:GOLDLong
by XAU_EMPIRE
1
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 GMRAIRPORT BUY TODAY SELL TOMORROW for 5%
NSE:GMRAIRPORT
by Kapil-Mittal
4
DIXON Technologies - Swing Trade Analysis #Dixon Technologies (India) Ltd. - Technical Analysis Report Current Price:15,697.00 Timeframe: Weekly Chart Analysis Market Structure Overview Dixon Technologies is currently trading at 15,697, showing signs of potential #bullish #momentum after a period of #consolidation. The #stock has been forming a significant base pattern following its decline from #all-time highs near 18,177. #Key Technical Levels #Support Zones - Primary Support: 13,800 - 14,311 (Conservative Stoploss zone) - Secondary Support: 13,260 - 13,280 - Critical Support: 12,000 (major psychological level) #Resistance Zones - Immediate Resistance: 16,102 - 16,505 - Key Resistance 1: 17,445 (Target 1) - Key Resistance 2: 19,148 (Target 2) - Major Resistance: 20,866 - 22,000 (Target 3 & 4 zone) #Chart Pattern Analysis The weekly chart reveals a **potential bullish reversal pattern** with the following characteristics: 1. Hidden Divergence: The chart shows hidden bullish divergence on momentum indicators, suggesting underlying strength despite recent price consolidation 2. Consolidation Box: A clear accumulation zone has formed between 13,800 and 16,500 3. Trend Channel: A rising trend channel indicates the potential for continued upward movement toward the 20,000+ zone #Trading Strategies #Aggressive Buy Setup - Entry Zone: 16,505 - 16,102 (on breakout confirmation) - Target Sequence: 17,445 → 19,148 → 20,866 - Stop Loss: Below 15,311 on candle closing basis - Risk-Reward: Favorable 1:3+ ratio #Conservative Buy Setup - Entry Zone: 15,697 - 15,311 (current levels) - Target Sequence: 17,445 → 19,148 - Stop Loss: Below 14,311 on candle closing basis (Conservative Stoploss) - Risk-Reward: Approximately 1:2.5 ratio #Momentum Indicators The lower panel indicators suggest: - Recovery from oversold conditions - Building positive momentum - Potential for sustained upward movement if key resistance levels are breached #Fibonacci Levels Key Fibonacci retracement/extension levels marked on the chart: - 1.618 Extension: 20,882 - 1.414 Extension: 19,989 - 1.272 Extension: 19,367 - 1.000 Level: 18,177 #Outlook Bullish Scenario: A sustained move above 16,505 with strong volume could trigger momentum toward 17,445 initially, with extended targets at 19,148 and potentially 20,866+. The stock appears to be in an accumulation phase with potential for a significant upside breakout. Bearish Scenario: Failure to hold above 14,311 on a closing basis would invalidate the bullish setup and could lead to a retest of 13,260-13,280 support zone. #Risk Management. - Always use stop-loss orders on a candle closing basis - Position sizing should not exceed 2-3% of total portfolio value - Avoid overleveraging in options or futures - Monitor volume confirmation on breakout levels DISCLAIMER This analysis is for educational and informational purposes only and should NOT be considered as financial advice or a recommendation to buy or sell securities. - Past performance is not indicative of future results - Trading and investing in stocks involves substantial risk of loss - All investment decisions should be made based on your own research, risk tolerance, and financial situation - Please consult with a SEBI-registered financial advisor before making any investment decisions - The author/analyst is not responsible for any profits or losses incurred based on this analysis - Technical analysis has limitations and should be combined with fundamental analysis - Market conditions can change rapidly, and all levels mentioned are subject to change **Trade at your own risk. Always do your own due diligence.** *Analysis created using TradingView charts | Not SEBI Registered Investment Advice*
NSE:DIXONLong
by earnwhileulearn
BBTC - Strong Bullish Momentum Breakout 💹 Bombay Burmah Trading Corp. Ltd (NSE: BBTC) Sector: Diversified Holdings | CMP: 2022.70 | View: Strong Bullish Momentum Breakout Chart Pattern: Falling Channel Breakout Candlestick Pattern: Three Inside Up Swing High: 2074 Swing Low: 1740 STWP Trade Analysis: Breakout Entry: 2048 Stop Loss: 1816 Momentum: Very Strong Volume: Exceptional institutional surge The candle shows dominance from bulls with a surge above recent range, supported by fresh volume expansion and a clear shift in trend behaviour. Resistances: 2099.47 | 2176.23 | 2304.47 Supports: 1894.47 | 1766.23 | 1689.47 STWP Stock Analysis: Final Outlook: Momentum: Strong | Trend: Bullish Developing | Risk: Moderate | Volume: Very High BBTC has delivered a high-conviction breakout, with an explosive volume spike that clearly signals institutional participation. The strong bullish candle has invalidated prior downside pressure and pushed the stock above its short-term resistance band. The price action has reclaimed short-term averages and is moving away from the lower accumulation zone, supported by RSI stabilizing near the balanced zone, MACD attempting a recovery crossover, and Stochastic signalling early momentum buildup. The VCP dashboard shows no active contractions but confirms volume dry-up previously, suggesting that the breakout candle represents the first expansion leg after consolidation. Volume today is unusually high, indicating ignition strength and potential start of a trend reversal from the recent downtrend. Multiple confluences — 52-week volume breakout, EMA compression easing, Bullish Supertrend trigger, RSI rebound, and strong volume footprint — reinforce the improving momentum structure. Sustaining above 1894–1900 keeps the bullish bias intact and opens the path toward upper resistance zones at 2099 → 2176 → 2304. Overall, BBTC now stands in a bullish reversal phase, driven by strong volume, improving indicators, and a clean breakout structure that favours continuation if the stock holds above its demand supports. ⚠️ Disclosure & Disclaimer – Please Read Carefully The information shared here is purely for learning and educational purposes. It is not investment advice or a recommendation. I am not a SEBI-registered advisor. All observations are based on charts, technical structures, and publicly available data. Market trading involves significant risk. Please consult a SEBI-registered financial advisor before acting on any idea. Position Status: No active position in BBTC at the time of analysis. Data Source: TradingView & NSE India (Past Chart Reference). 💬 Found this useful? 🔼 Boost this post to support structured learning ✍️ Drop your thoughts or questions in the comments 🔁 Share with traders who benefit from clean technical studies 👉 Follow for disciplined, structured, STWP-style analysis. 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:BBTCLong
by simpletradewithpatience
1
GOLD 30 Min chart analysis1. Trend : Price was in a downtrend with continuous lower highs and lower lows. Now the chart is showing a falling wedge pattern, which is a bullish reversal pattern. Breakout candle is visible with strength, indicating trend reversal from bearish to bullish on the 30-minute timeframe. 2. Volumes: Volumes remained average during the fall. At the breakout zone, you can see volume expansion, which confirms buyers are stepping in. This supports a valid bullish breakout. 3. Momentum (Price Action + EMAs): Price is crossing above the 10 EMA and 20 EMA, and both EMAs are starting to turn upward. This shows momentum shift from sellers to buyers. Momentum candles at breakout confirm the start of an upward move. 4. RSI Divergence: Price made lower lows, but RSI made higher lows. This is a classic bullish divergence, indicating selling pressure is weakening. RSI has now moved above 60, confirming momentum is picking up strongly. Buy above 4075 after the breakout candle closes above falling wedge. This ensures confirmation and avoids a false breakout. Keep SL just below wedge support: SL = 4025 Target : The major horizontal resistance shown on the chart is: Target = 4246 This is also the measured move of the wedge, matching the resistance zone. Risk–Reward: RR is approximately 1:3 to 1:3.5, which is ideal for breakout trades. This is a high-probability trend-reversal breakout setup with a clear target and safe stop loss.
TVC:GOLDLong
by PowerOfTA
Current Market Structure & Key Observations Previous Trend: The Current Market Structure & Key Observations Previous Trend: The chart shows a strong uptrend from late October, peaking around November 14th at approximately $4,400. This peak marked a significant reversal. Correction/Reversal: Since the peak, the price has undergone a sharp downward correction or potential reversal. Trendline Interaction: The price has recently fallen to and is currently interacting with a major long-term ascending trendline (the solid black line). Current Price: The price is hovering right at the trendline, indicated by the dashed pink line at approximately $4,034. Analysis of the Projected Path (Red Lines) The red lines drawn on the chart suggest a specific bearish scenario: Trendline Break and Retest: The price is shown to break below the ascending trendline. This is a critical technical signal, often indicating the end of the uptrend and the start of a downtrend. Pullback/Retest: The price then executes a pullback back up to the broken trendline (now acting as a resistance level). The projected high for this pullback is around $4,060. Bearish Continuation: After failing to break back above the trendline, the price is projected to continue its decline, heading towards the area of $3,900 and then possibly $3,850 in the following days. Potential Scenarios (Alternative View) While the red lines illustrate a clear bearish path, it's important to consider an alternative: Scenario 1: Bearish Continuation (As Projected) Action: If the price confirms a breakout below the trendline (closes below it on multiple candles), the trendline turns into resistance. Target: The focus shifts to lower support levels, with initial targets around $3,900 - $3,850. This confirms the end of the recent uptrend. Scenario 2: Trendline Hold/Bounce Action: If the trendline acts as strong support and the price fails to close significantly below it, it could lead to a bounce. Target: A bounce would target the previous swing high before the major drop, potentially aiming back toward $4,150. This would maintain the longer-term bullish structure.
OANDA:XAUUSDShort
by DrForexPhd
Gold direction today November 17📊 Support – Resistance – Fibonacci Analysis 1. Trend Overview Price has broken below the ascending channel, signaling a shift into a corrective downtrend phase. 2. Key Resistance Zone 4,215 – 4,230 Confluence of Fibonacci retracement 0.5 – 0.618 Overlaps with a supply zone + EMA89 → Strong resistance, high probability of selling pressure. This is also the expected pullback/retest area before the next bearish leg. 3. Key Support Levels Support 1 – 4,000 Fibonacci extension 0.5 Horizontal support → Likely to generate a short-term reaction. Support 2 – 3,890 Major downside target if the structure fully breaks → Primary bearish target for a deeper continuation. 4. Price Scenario Price may pull back toward 4,215 – 4,230. BUY GOLD : 4000 - 3997 Stoploss : 3987 Take Profit : 100-300-500pips SELL GOLD : 4212 - 4215 Stoploss : 4225 Take Profit : 100-300-500pips
OANDA:XAUUSD
by AstronautPioneer