nifty50 buy can see at this 23184 levelas per fibonacci retracement 17711 to 28657 we got 50% retracement level begin at the 23184
Futures market
XAUUSD view for few weeksthis is my analysis for gold for next few weeks as it can take lower side liquidity by tapping higher side POI.
Gold Price Plunges Under Pressure From Rising USD and US StocksThe current chart shows that gold prices are under great pressure as the USD Index surged to 105.12, making the USD stronger. This has reduced the attractiveness of gold to international investors. In addition, optimism about the US economic outlook under President Donald Trump and expectations that the FED will pause interest rate cuts have also contributed to the decline in gold prices.
The next important support level is at the $2,620/ounce area, a price level that has previously produced a rebound. If the price falls to this level, this could be the point where traders wait to see if there is enough buying pressure to create a temporary recovery. However, if the price breaks the $2,620 level, the price is likely to continue to fall further, towards lower support levels such as $2,600 or $2,580/ounce.
Given the current economic factors and the growth outlook of the USD, gold may continue to be under pressure in the coming time, especially when the demand for holding USD is still increasing.
XAUUSDENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
HOW TO TAKE TRADE AFTER PRICE BREAKS MAJOR LEVELAdvanced PRICE ACTION Trading
Key Trade Concepts:
Buyer Trap Identification:
Before entering, always check for a buyer trap or liquidity hunt, where impulsive buyers are lured into the market at a vulnerable level. In this setup, I’ve highlighted how a buyer trap has been triggered, providing a strong signal for potential reversals.
Order Block Strategy for Long Entries:
Wait for Price to Enter the Order Block: Before any long position, let price retrace to the designated order block.
Confirm with High Break and Rejection Candle: Once in the order block, wait for recent highs to break, followed by a rejection candle to confirm the entry. A candle close above this level on the 15-minute time frame is essential, adding strength to the confirmation.
Time Frames: Utilize the 5-minute chart for initial moves but rely on a 15-minute candle close for entry confirmation.
Take-Profit (TP):
Target buy-side liquidity and other strategic levels beyond that, maximizing the potential of each setup.
For more professional insights like this, don’t forget to like, follow, and comment. This is the kind of premium content many charge for, but I’m sharing it for free to help others succeed!
GOLD ANALYSIS 8TH NOVGold Price Analysis
Current Trend: Bearish
Key Observations: Gold has recently bounced from a 4-hour demand zone acting as support. However, it's rejecting from a major support level that has now turned into resistance.
Short Trade Setup:
Wait for the minor support to break.
Enter short positions on a retracement.
Target the 4-hour demand zone as the take-profit level.
Long Trade Setup:
Allow price to break above the 15-minute resistance level.
Look for a retracement to enter longs.
Copper zone to zoneCopper gave break down of demand zone . Retested the zone and reached target of FI zone
Gold chart Zone to Zone Gold again reversed from supply zone. Zone to zone done.... accuracy of our zones.
Crude Oil zone to zone Crude Oil gave break out of demand zone retested the zone and reached target of FI zone . Zone to zone done
XAUUSD is turning bullish after a great bearish pullbackAfter a big correction XAUUSD has broken its structure at the level of 2663.91 and also changed its character at the level of 2669.48 so i have entered a long trade at the level of 2663.91 with a stop loss of 2643.14 and i'm targeting a big reversal of level 2749.5 and 2790.15 once it gives a strong closing above 2678.11
Gold gained volume As per data and technical data shows gain in volume at the time in gold so gold may be recover all down day move to uprising. For more updates please follow …….thank you😊😊😊😊
Gold : More decline ahead Gold plunged to a three-week low below 2650 today after the 2024 US Presidential election. The Republican candidate, former President Donald Trump, won the contest, boosting the dollar demand and US Treasury bond yields.
Gold price closed the last day with a very bearish candle on day time frame and seems like that price can make more decline in coming days...For today the idea is to wait for pullback on or before FOMC rate decision and then selling is seems to favourable.
In higher side the fib golden zone is at 2717-34 (For the cycle 2790-2643) , so under this zone sell is good as we have to wait for reversal sign on higher time frame from low side .
Gold trying to re claim 2700...What next?we have seen good comeback of gold price in yesterday trading session and gold price tested 2700 level again, on price action gold price re-tested the trendline from where the price breakdown on Wednesday and seems like facing resistance now.
In yesterday trading session we have not seen and major rejection in higher side and till now there is no major rejection as of now , so idea is today is to wait for a good confirmation on H4 , or wait till London session , if price stays below 2700 then we can look for sell opportunities
Or
For a safe sell entry wait for price to either test on main resistance area 2717-37 (fib resistance area) or let it breakdown the daily pivot for today which is at 2685.
GOLD TRAP AND ANALYSIS NOV 8TH 2024Analysis Update on Gold (XAUUSD)
Currently, gold is exhibiting a bearish scenario overall. Price recently rejected an order block and has been forming a series of lower lows and lower highs. The last significant low was broken, and price is now at another order block. Should we observe a solid rejection from this level, it could signal a strong continuation downward with momentum toward 2666, which is the next order block below.
To confirm this bearish setup, we’ll be watching for clear rejection signs from the current order block before initiating any short positions.
Additionally, there was a notable double-bottom trap on the 5-minute timeframe. Price initially formed a double bottom, broke structure (BOS), retraced, and then made another upward move to attract retest buyers. This was followed by a sharp reversal to the previous swing low, sweeping liquidity and aggressively trapping late buyers. This manipulation setup emphasizes the importance of identifying and using these traps as an advantage in trading.
Remember, in markets like these, manipulation can look intimidating, but recognizing these patterns can turn them into fuel for strategic trades.
stuck inside the channel. Will observe for clarity. silver - stuck inside the channel. Will observe for clarity.
Xauusd Trading setup for 08-11-24 #Goldsetup #thezenmasterforexPlay between 2681.36 and 2696.50
,this range is only till NY
other significant levels as marked for NY
Always use SL
Cheers!!
Gold at Demand ZoneGold is at demand Zone, if sustains we can see an up ward moment till supply zone .
#XAUUSDContinue to increase or maintain the adjustment momentum.Market analysis for XAUUSD trading on November 8, 2024:
The trading session on Thursday rebounded strongly after a previous drop of 100 points. However, the possibility of gold prices still adjusting downward remains as Mr. Donald Trump is elected and implements new policies. The USD may rise significantly, putting pressure on gold prices to decrease.
Today's trading trend: BUY scalp (hold SELL).
Key price levels to watch:
SELL zone: 2718 - 2725 and 2743 - 2748.
BUY zone: 2676 - 2681, 2664 - 2669, and 2632 - 2637.
Recommended orders:
Plan 1: SELL XAUUSD zone 2723 - 2725
SL 2728
TP 2720 - 2710 - 2700 - 2680 - 2640
Plan 2: SELL XAUUSD zone 2743 - 2745
SL 2748
TP 2740 - 2730 - 2700 - 2640.
Plan 3: BUY XAUUSD zone 2635 - 2637
SL 2632
TP 2640 - 2650 - 2660 - 2670.
Nifty Intraday Levels | 8-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
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if closes strong above the Resistance, may look for a long. if closes strong above the Resistance, may look for a long.
Crudeoil will the rally conitnue ?Study suggest that crude oil will continue its up rally and this can be the start of its bull run Good buying candles on 1st and 4th november seems bullish
Note this video is for study purpose and trade with the advice of your finance consultant
YES its new long positions on entry, and profitbooking is over !Alert :- Profit Booking of Past Trading day ( USA elections) day is over.
Why so ?
We can see clearly that on the whole trade of USA elections day is over with a good volume approx 400K , . but with just 296K we can see that 2.4K approx positive delta.
This is clear indication that new buyers are entering the market with fresh positions.
GOLD TRADE 7TH NOV 2024Gold Price Action Analysis (XAUUSD)
as observed, gold has been holding at a 4-hour order block and recently broke both minor and major resistance zones. this move provided a significant retracement, filling the fair value gap (fvg) where we entered with solid confirmations, achieving a 1:7 risk-reward.
upcoming target and trade outlook:
after this retracement, i’m targeting 2727, where another order block resides. with no major levels in between, this presents a clear path if structure holds.
major confirmations are already in place; now we wait for a healthy retracement to position for the next potential leg up.
note: for more trade ideas like this, please like, follow, and comment. feel free to comment if you’d like live trade updates where i share my entries in real-time.
