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Gold will rebound from trend line and grow to 2700If we look at the chart, we can see how the price started falling inside the descending channel and then fell to the resistance level, coinciding with the resistance zone. The price traded in this area for a while and later broke through 2735 points, after which it fell to almost the support line of the channel, and then turned around and rose to the resistance line, and then continued to fall. In a short period of time, the price fell to the support level, coinciding with the support zone, and then rebounded, and then rose slightly, and then continued to fall, breaking through 2595 points. Gold later touched the trend line, and then turned around and began to rise, exiting the descending channel. The price soon rose to 2595 points, broke through again, and continued to rise near the trend line. So far, the price continues to rise near this line, and I expect XAUUSD to rebound from the trend line and start to rise to 2700 points.
OANDA:XAUUSD
by t60pt60p
1
Nifty Intraday Levels | 21-NOV-2024Nifty Options Scalping 1️⃣ Zones to Watch: 👉Green Zone: Institutional support 👉Red Zone: Institutional resistance 👉Gap: 100-200 points between zones 👉Zone Creation: Based on pivot points and Fibonacci 👉Chart: Use Nifty futures chart for reference 2️⃣ Trade Execution: 👉Order Flow: Triggers trades 👉Timeframes: 1-min & 5-min for scalping 👉Risk-Reward: 1:2 (Risk 1 to gain 2) 👉Strike Price: ATM or slightly ITM options 👉Position Sizing: Adjust to risk tolerance 3️⃣ Rules: 👉9:15 AM Sharp: Ready for market open 👉Risk Management: Top priority 👉Quick Trades: "Morning breakfast" scalps 👉Stop-Loss: 10 points #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback
NSE:NIFTY1!
by ReviveTraders
1
Gold spot : Cup target reached, achieving profit of +33% ROIThe Cup and Handle is a bullish continuation pattern in technical analysis that suggests a potential upward movement in asset prices. Formed over time, the pattern resembles the shape of a teacup, where the “cup” is a rounded bottom, indicating a gradual recovery after a downtrend or side waves. Following the cup, a smaller dip called the “handle” occurs, representing a brief consolidation before the price rallies upward. Traders see this pattern as a signal of buying pressure gaining strength and often enter long positions during the breakout above the handle’s resistance, anticipating further price gains and momentum. • Bullish Continuation: The cup and handle pattern is a bullish continuation pattern, suggesting that the uptrend is likely to resume after the pattern formation completes. This can present an excellent opportunity for traders to enter long positions. • Clear Entry and Exit Points: The pattern provides well-defined entry and exit points, allowing traders to plan their trades precisely. • The pattern was first described by William J. O'Neil in his 1988 classic book on technical analysis, How to Make Money in Stocks. Buy at the breakout point of the handle price at 2,081.7 in March 2024, and sell at 2,783.65 in October 2024, achieving a potential profit of +33% ROI.
OANDA:XAUUSD
by SasikumarMani
3
Update the latest gold price todayOn November 18, gold prices soared nearly $50, breaking a six-session losing streak as the U.S. dollar paused its rally and the Russia-Ukraine conflict intensified. Spot gold closed the session at $2,611 per ounce, recovering from a two-month low. The sharp rise in gold was partly fueled by U.S. President Joe Biden's announcement allowing Ukraine to utilize long-range weapons supplied by the U.S. to target deep inside Russian territory. This escalation in geopolitical tensions has significantly boosted demand for gold as a safe-haven asset. This recent rally underscores gold's resilience in times of heightened uncertainty, with investors flocking to the precious metal amid a volatile global landscape.
OANDA:XAUUSD
by Mr_Siro
5
Gold-> Buyer Back Yet?After suffering significant losses last week, gold has regained its recovery momentum and is trading positively above $2,600 on Monday. The fundamental backdrop supports this recovery. Key resistance levels at $2,518 and $2,628 now divide the market into two distinct zones. Meanwhile, market participants are awaiting moves from several Fed officials this week to gain further insights into the U.S. interest rate trajectory. The most likely scenario at the moment is a slight recovery in gold prices following the recent steep sell-off, with expectations for gold to climb higher after several reversals in the USD. In the medium term, bulls need to reassess U.S. policy planning in December, as the Fed is expected to hold rates steady in January. This has not been fully priced into the market, so any adjustments could pose challenges for gold. Technically, since the market opened, prices have climbed considerably, increasing the likelihood of resistance capping further upward movement. A false breakout at $2,589 and subsequent consolidation below this zone would strengthen selling pressure. However, there is potential for a retest of $2,618 (Order Block). Similarly, a failed breakout could trigger selling momentum. But if the fundamentals align strongly in favor of gold, the market may have a chance to shift the local trend from the $2,618 zone.
OANDA:XAUUSDShort
by Bo-Samson
Gold entering mid term selling in profit booking zone...The daily order flow analysis for gold indicates a positive delta of approximately 24K on a spinning candle, suggesting indecision in the market. This signals that the recent 3-day gold rally is losing momentum, with no significant profit booking observed yet. However, immediate aggressive buying seems to be taking a pause. As a result, intraday selling pressure appears likely in the near term. Selling gold is seen on cards.
FX_IDC:XAUUSDShort
by XAUUSDANALYST
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MCX:NATURALGAS1!
by NumroTrader
Gold --> Bear Market Heating Up? Resistance AheadOANDA:XAUUSD rising after a false breakout of 2547. Fundamentally, the situation is quite complicated as well as technically... The metal price is positively affected by the escalating Russia-Ukraine war, making gold more attractive to investors as a safe-haven asset. In addition, the appeal of gold is reinforced by geopolitical tensions, economic risks and a low interest rate environment. Fed officials are expected to speak this week, thereby providing more details on the US interest rate cut roadmap. Currently, according to traders' predictions, there is a 62% chance that the Fed will cut interest rates by 25 basis points in December... Theoretically, it is still unclear whether gold can maintain its bullish momentum as prices are approaching strong resistance and traders are cautious as they wait for new signals on the Fed's interest rate outlook. Technically, gold is in the range of 2643 - 2626. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. The situation is complicated by the mixed fundamental backdrop. A false break of 2647 and consolidation below this area will strengthen the selling pressure. But there is a possibility of a retest of 2686 (order block area) before the decline continues. The expected decline will reach the levels of 2547 - 2471 respectively. Rate, share your opinion and questions, let's discuss what's going on with.
OANDA:XAUUSDShort
by Bo-Samson
4
#XAU Waiting for the adjustment rhythm, the deep drop of Gold.Market analysis for Gold (XAUUSD) on November 20, 2024: Yesterday, the gold price continued to recover after the previous adjustment. However, when it reached the resistance zone of 2640, the price reacted by nearly 20 points, indicating that sellers have emerged in this area. Today's trading trend: SELL. Key price levels to watch: 🔴SELL zone: 2648 - 2653, 2662 - 2667. 🔴BUY zone: 2623 - 2627, 2611 - 2616, and 2598 - 2603. Recommended orders: Plan 1: SELL XAUUSD zone 2651 - 2653 SL 2656 TP 2648 - 2640 - 2620 - 2600 - open. Plan 2: SELL XAUUSD zone 2661-2663 SL 2667 TP 2658 - 2650 - 2640 - 2600 - open. Plan 3: BUY XAUUSD zone 2601 - 2603 SL 2598 TP 2606 - 2615 - 2620 - 2630.
TVC:GOLD
by ifjugapt
GOLD - XAUUSD - Shorting Opportunity with Good Risk RewardGOLD (USD) - CMP $2630 TF: 90 Minutes After a 5 wave decline, price has moved up in a corrective bounce. And now getting halted/rejected at the 200 Period EMA which is also the previous support zone (now turning to be Resistance) I was hoping for it to test the AVWAP from the highs $2660 (which is also about 50% retracement of this entire fall) Even if Gold has to go up, it can't be a V shaped recovery.. It will come down to retest the lows at the least or even 0.618 Fib of this entire corrective rise. For Aggressive shorts 2645 will be the SL (2 candles close above).. But I would still prefer a test of 2660-70
TVC:GOLDShort
by Murthy_Santhosh
US crudeoilmultiple support around 61-65 levels in last 2 years .observed when ever enters this zone after correction strong pull back rally follows , now also this month touched near 65 level on rising trendline support zone .If holds for next 2-3 weekly trading session strong recovery can be expected ,.and it support level 60-65 zone holds for next 3-4 month can see big recovery in crud oil price towards 110-140 level in 2025 . View fails if month close start closing below above mention support levels . ( this are my personal views on knowledge i acquire i might be wrong to .)
FX:USOIL
by deepshah1982
Gold Rebounds: Focus on 2,546 Support & Russia-Ukraine TensionsGold prices rose on Monday (November 18) after six consecutive losing sessions as the rally in the USD paused and escalating uncertainty over the Russia-Ukraine conflict spurred safe-haven demand. Currently, gold is recovering after successfully testing strong support at $2,546, where the long-term uptrend intersects with potential buying zones. This positive signal reflects strong buying momentum, pushing prices back towards $2,620, near the EMA 34 and EMA 89, key dynamic resistances. If prices break above the $2,620 level, the next target could be the resistance zone at $2,791, where significant selling pressure awaits. With the Russia-Ukraine tensions showing no signs of de-escalating, gold prices could climb even higher in the future. Traders should closely monitor developments in this situation.
OANDA:XAUUSDLong
by Vanna-Cris
Gold is under pullback : Read my last postAs expected gold is finally under a pullback wave and price opened with a gap , this gap is now going to act as good high volume support area(2560-70). At the time of writing this post price is facing resistance on weekly pivot(2595) and bulls need to re-claim this level on H4 to see higher levels , First resistance (Target in case of buy) that we have to watch is area at 2630-40(bearish Imbalance) and the final resistance zone as per fib is 2663-93 from where we can re load the sell for target 2530 area again. As of now I am expecting continuation in pullback (Bullish) and my first target will be 2630 and for sell I will wait confirmation on H4 or daily Time frame.
OANDA:XAUUSDLong
by iambalramkashyap
Nifty Intraday Levels | 19-NOV-2024Nifty Options Scalping 1️⃣ Zones to Watch: 👉Green Zone: Institutional support 👉Red Zone: Institutional resistance 👉Gap: 100-200 points between zones 👉Zone Creation: Based on pivot points and Fibonacci 👉Chart: Use Nifty futures chart for reference 2️⃣ Trade Execution: 👉Order Flow: Triggers trades 👉Timeframes: 1-min & 5-min for scalping 👉Risk-Reward: 1:2 (Risk 1 to gain 2) 👉Strike Price: ATM or slightly ITM options 👉Position Sizing: Adjust to risk tolerance 3️⃣ Rules: 👉9:15 AM Sharp: Ready for market open 👉Risk Management: Top priority 👉Quick Trades: "Morning breakfast" scalps 👉Stop-Loss: 10 points #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback
NSE:NIFTY1!
by ReviveTraders
4
WTI Crude Oil Analysis: Key Levels and $65 Accumulation StrategyThe WTI Crude Oil chart highlights a long-term bearish trend, with price testing key support and resistance zones. Here's a concise breakdown: Key Levels to Watch Support Levels: $65.00 (immediate), $61.52, $56.97, $55.00, $51.76, $42.87. Resistance Levels: $72.80, $78.44, $83.64, $93.40. Current Opportunity for Swing Trade Accumulate near $65.00 with a stop-loss slightly below $65.00. Targets: $69.00, $72.80, $78.44. Trade Setups Bullish: Enter on $65.00 support bounce or breakout above $72.80. Bearish: Short on rejection at $72.80 or breakdown below $65.00. Market Outlook Bearish Bias: Break below $65.00 could lead to $61.52 or $56.97. Bullish Reversal: Break above $72.80 targets $78.44 and beyond.
TVC:USOILLong
by ayusharya_001