Gold 1 hr resistance 1hr resistance area.. sell small sl maintain. Support resistance plan. Happy trading.Shortby Tamiltry111
US OIL WTI : Bullish - Falling wedges + inverse Head & ShouldersUS OIL WTI : Bullish - 2 falling wedges + Head&Shoulders Wti crude oil can rise higher because of current geopolitical tensions. OPEC countries have reduced their daily production of barrels of oil. Technically: The wolf of Zurich has detected 2 "Falling wedges" and an " inverse head & shoulders" . These chartist patterns could raise the price of WTI oil around 96$-98$ and even up to 106$ ; However a divergence with their ROC ( Rate fo Change ) has been detected and we could go back down to the levels indicated on the graph 81$- 79$- 73$ ,and then 67$ dollars. To monitor EMA.50 and EMA.200 on different timesframes be careful ! have a good day to allLongby Le-Loup-de-ZurichUpdated 7
Crideoil - MCX - May 21 (Crude Oil Futures) encountering support at 6540 on the 1-hour timeframe. Potential next resistance level at 6484 if price breaks below current support. Target 1 - 6480 Target 2 - 6460Shortby Shalvisharma54
breakout upsidestock has gained the upside momentum can give 15 percent upside in coming days. SL below breakout candle or any day candle closing below 10 emaLongby hottekumar1
bullish symmetrical triangle patternIn XAUUSD there is an bullish symmetrical triangle pattern in 1 hour time frame now which is going to be bullish OANDA:XAUUSD Longby nikhilharake3692
Gift nifty chart showing sell signal exit from buy trade, sellOn Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
Gift nifty chart showing sell signal exit from buy trade, sellOn Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
xau/usd trade analysis 21/05/2024a nice sort from 15 min fvg up to down 15 min fvg sort area 2423 sl 2432 tp 2393 Shortby Harsh81884
How much will the price of XAUUSD drop on May 21, 2024?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. The war between Russia and Ukraine has not yet found a voice at the negotiating table, plus President Putin's recent visit to China further shows that Russia will not make concessions to Nato. And recently both Russia and Ukraine rejected the French president's call for a ceasefire during the Olympics in Paris on May 17. These moves further demonstrate tensions in the geopolitical situation The US economy, after a long period of maintaining high interest rates to control inflation, has led to a situation where the economy is showing signs of weakening, although it is not yet in a recession, but with the leading economic index falling. of the US fell 0.6% MoM in April following an uncontrolled 0.3% decline in March. Weaker consumer outlook on business conditions, weaker new orders , negative interest rate differentials and falling new construction permits fueled April's decline. It suggests weaker US economic conditions going forward. With such potential risks, Gold will continue to set new ATHs until the above conditions are resolved. Use the Elliot wave principle to evaluate the situation on the H1 chart - Yesterday gold created a new ATH at 2450, this is the target area of wave 5 that we launched. - Then the price dropped to 2408 and recovered slightly to 2436, so we have the current gold price in the ABC correction wave. - Looking at H1, we see that wave a and wave b are likely to have completed and currently the gold price is completing wave c of the correction. - The expected price range of wave c has 2 target areas: area 2397 and area 2381, this is the target for the end of wave c. Plan to trade when the price approaches the 2397 or 2381 zone Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.Shortby DEEKOP1
FinniftyPrice was volatile and range bound for the past few days. 21500 zone will decide the trend direction. Buy above 21540 with the stop loss of 21500 for the targets 21580, 21620, 21660 and 21720. Sell below 21420 with the stop loss of 21460 for the targets 21380, 21340, 21300 and 21280. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.by vanathiUpdated 13
GOLD PREDICTION THIS WEEK 14/5- 18/5At the start of the week, gold prices saw a decline due to stronger U.S. Treasury yields and a rebound in the U.S. dollar. This led to a moderate pullback from its recent peaks, although the price of gold still remains relatively high historically, influenced by persistent economic and geopolitical uncertainties. Analysts predict that gold prices may rise later in the year. Anticipated rate cuts by the Federal Reserve, as inflation decreases from its recent highs, could lower the real yield on U.S. Treasuries, enhancing the attractiveness of gold as an asset that does not yield interest. Additionally, factors like ongoing global conflicts and market fluctuations typically boost the demand for gold as a safe-haven asset. Longby TradingGuruTopUpdated 8
GOLD ON 17TH MAY 2024Current Market Situation Gold prices have been experiencing a bullish trend, recently approaching the resistance zone of 2397-2400. This movement is significant as it indicates a potential test of this critical resistance level. Scenario 1: Immediate Upward Movement In the first scenario, gold continues its upward trajectory and tests the 2397-2400 resistance zone. This scenario is plausible due to several factors: Global Economic Uncertainty: Ongoing economic uncertainties, including inflation concerns, geopolitical tensions, and fluctuating interest rates, often drive investors towards safe-haven assets like gold. Weakening Dollar: A weaker US dollar makes gold cheaper for investors holding other currencies, thus increasing demand and pushing prices higher. Technical Indicators: Technical analysis may show bullish signals such as rising moving averages or positive momentum indicators, supporting the case for an immediate test of the resistance zone. If gold successfully breaches the 2397-2400 resistance, it could signal a continuation of the bullish trend, potentially leading to new highs. Scenario 2: Retracement to 2370 Before Rising In the second scenario, gold experiences a retracement to 2370 before resuming its upward movement. This scenario can occur due to the following reasons: Profit-Taking: After a significant rise, investors may take profits, causing a temporary pullback in prices. Technical Resistance: The 2397-2400 zone may act as a strong resistance, leading to a short-term correction as the market digests recent gains. Market Sentiment: Changes in market sentiment, such as positive economic data or policy shifts, could cause a brief decline in gold prices. If gold finds support at 2370 and holds, it would likely attract buyers looking for an entry point, leading to a rebound and another attempt to test the 2397-2400 resistance zone. Strategic Implications For traders and investors, both scenarios offer potential opportunities: Scenario 1: A break above 2397-2400 could be seen as a buying signal, with potential for further gains. Scenario 2: A pullback to 2370 could be an opportunity to buy at a lower level, anticipating a rebound. Risk management is crucial in both scenarios, with stop-loss orders and position sizing helping to mitigate potential losses. Conclusion Gold's price movement is influenced by a complex interplay of economic factors, technical indicators, and market sentiment. Monitoring these elements closely will be essential for making informed trading decisions. Whether gold continues to rise immediately or retraces to 2370 before moving up, both scenarios present potential trading opportunities in the current market environment. Longby TradingGuruTopUpdated 8
PREDICTION OF GOLD IN THE WEEK AND NEXT WEEKGold price extended its uptrend for the second straight day on Wednesday and hit a three-week high of $2,390 after data revealed by the US Bureau of Labor Statistics showed inflation is ebbing, increasing the odds for a Federal Reserve rate cut in 2024.by TradingGuruTopUpdated 222
XauUsd : Support on Trend LineThe RSI being in the overbought zone likely contributed to the price not reaching the target. Support on Trend Line: Despite not reaching the target, the price took support on a trend line. Trend lines are used to identify and confirm trends in price movements. If the price is taking support on a trend line, it suggests that the overall trend is still intact and the price is respecting this level. Monitor RSI: Keep an eye on the RSI to see if it moves out of the overbought zone, which might provide more room for upward movement. Watch Trend Line: Ensure the price continues to respect the trend line for confirmation of the trend. Confirm Bullish Signal: Look for additional bullish signals or confirmation to validate the potential upward movement suggested by the bullish pin bar. by arshsetiaa0
gold update blwgold mcx styaabv 74000 looks up side 74570--74900 buy on dipssss with sl 73800 or silver abv 93500 soon 95000--97000 no if and but abv 32$ soon 35+++ last sell gvn made 800 pointLongby kailashcfa331
Gold All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions SL 1Hr candle close only, Target Trigger Price Longby BUY_TODAY_TamilUpdated 0
silver update blwsilver stya blw 92000 sell on ris looks till tgt 91400-91000 near sell on rise with tigth sl 92555Shortby kailashcfa330
Zinc MCX sell trade active we can see huge fall On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
Copper MCx sell trade active we can see huge fall On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
Silver mcx sell trade active we can see huge fall On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
Gold mcx sell trade active we can see huge fall On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
XAUUSD May 20, 2024 What is the target of this price increase?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Last week, the Russian president's visit to China will have two purposes: first, Russia and China create cooperation, which will make Russia's war in Ukraine continue to take place according to Russia's plan after the With China's support, the war in the Middle East and the factions supported by these two countries will gain more momentum. Second, these two countries are key members of the BRICS bloc. This visit will create momentum for the bloc to continue buying Gold to strengthen the bloc's common currency that is about to be released. In addition, with last week's announcement of US economic indicators, we see a decrease in the number of applications for unemployment benefits in the context of a continuous decline in the labor market, and at the same time the CPI index is at a high level. This shows that the American people are gradually adapting to the current economic situation, which will create confidence for the Fed to at least keep interest rates high to restrain inflation. So we see that the current volatile world situation is having a stronger impact on gold prices than the US economic index. Looking at the H1 graph based on the Elliot wave principle, we see - The price is at the end of wave 5. After measuring the target forecast for the end of wave 5, we have potential target areas that are 2444 and 2460. - After wave 5 ends, we expect an ABC correction before continuing the uptrend - The corrective wave target is expected to launch from the peaks of wave 5. We have 2 expected targets: area 2400 and area 2380. But according to the Elliot wave principle, corrective waves are often very complicated and take a long time. Trading plan In the Sell plan, we align the important price zones at 2444 and 2460 In our Buy plan, we watch the important price zones at 2400 and 2380 Scalping strategies are applied when the upper resistance - support area provides an entry signal. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.by DEEKOPUpdated 4