Hey its Dr.PTGold is going up to tge trend line , ucan buy at this level and sell near trend line and could get huge risk tk reward ratio.Longby Traders-community112
Consolidation to continue?Gold might continue to consolidate before next trending move. Range is Huge. Even Consolidation may provide decent Trading opportunities. 2330 is again going to be the crucial zone Below 2330, 2275 zone could be tested If 2330 is respected, 2390 zone could be tested. Rest Of the Analysis on Daily Basisby DrAnandMUpdated 2221
Price Action vs Indicators : A Fresh PerspectivePrice Action vs Indicators: A Fresh Perspective The comparison between price action and indicator trading has been a topic of debate for a long time. In this article, I aim to debunk some popular beliefs and provide traders with a new outlook on this ongoing argument. 1. Price Action is Better Than Indicators Price action traders often claim that their method is superior. However, both price action and indicators rely on the same historical price data. The only difference lies in how this information is processed. Indicators apply a specific formula to the price data, but they do not alter what is seen on the charts. When interpreting price action, traders are essentially doing the same mental processing. 2. Indicators are Lagging – Price Action is Leading Critics argue that indicators lag behind price action, but this misconception stems from a lack of understanding. Indicators utilize past price action based on their settings and display the results after applying a formula. Similarly, traders who analyze pure price patterns also examine past price action that has already moved away from potential entry points. Both methods rely on historical data and can be considered "lagging." To minimize lag, traders can adjust the indicator's time settings or analyze fewer past candlesticks. However, it's important to note that reducing data may result in less meaningful analysis. 3. Price Action is Simple and Better for Beginners It is often believed that price action is simpler and more suitable for beginners. However, in trading, simplicity does not always equate to effectiveness. Both price action and indicator trading require a solid understanding and correct usage of the chosen tools. Personal preferences and how traders utilize their tools play a more significant role than the debate between price action and indicator trading. In conclusion, the comparison between price action and indicators should not be seen as a competition between superiority and inferiority. Both methods have their merits and can be valuable tools for traders. It is crucial to grasp the underlying principles and use them appropriately to achieve success in the dynamic world of trading. So, choose wisely. Thanks Simranjit Singh VirdiEducationby ssvirdi4
GIFT NIFTY:Flag pattern b/outGIFT NIFTY:Has formed a flag pattern in 15M/30M Chart and as per the pattern expect a 100 point move towards 22750+(For educational purpose only)Longby CSB683
XAUUSD : Trades around 2300 USDHi everybody! Today, gold prices cooled after initially rising slightly, recovering from key support levels. However, this momentum is limited by lingering expectations of higher interest rates in the US. The metal jumped to $2,300 an ounce in overnight trading, after the US Federal Reserve announced no immediate interest rate hikes, which weakened the dollar and supported a part for the price of the items. However, the Fed also showed caution, not rushing to cut interest rates anytime soon, which could limit any significant increase in gold prices.Longby RKarinaUpdated 37
Gold price today: Waiting for a new breakthrough!Hello everyone, currently the gold price is still fluctuating around 2300 USD and has not changed much compared to previous sessions. This metal is in the process of accumulation, waiting in a narrowing wedge pattern, preparing for a new trend while the market is eagerly awaiting information from the Non-Farm report. A breakthrough will be an important signal for gold's next move. Technically, the outlook is somewhat bearish, but we will update more information when there are official results to have a clearer view. Wishing everyone happy and successful trading!by RKarinaUpdated 27
Crude oil - Demand zoneMCX Crude oil has fallen from 7278 to 6562 level almost 10%. At current juncture price is trading at 6615 level trader can go long around 6550-6500 level for the target of 6900, 7200 level respectively. by gameishere1
Silver - Rangebound. Demand zone around 80,000.On a daily chart MCX Silver trading at 81150, we have seen profit booking which took silver from 87000 to 81150, almost 6.75%. At Current juncture Silver is trading in a rangebound, one can go long in Silver around 80500-80000 for the initial target of 87000, further 90000 levels. by gameishere2
Natural Gas MCX Future Intraday Levles for 3 May, 2024📊 Technical Chart Analysis - 3 May, 2024 🎯 Range Trigger Point: 170.00 🎯 Weekly Range: 7.50 📉 Buy Above: 168.03 📉 Average At: 167.15 🎯 Buy Target 1: 174.63 🎯 Buy Target 2: 177.50 🛑 Buyer Stoploss: 165.53 📉 Sale Below: 166.26 🎯 Sale Target 1: 165.37 🎯 Sale Target 2: 168.76 🛑 Seller Stoploss: 168.76by NumroTrader3
WILL GIFT NIFTY COUNTINUE THE ATH RALLY?NSEIX:NIFTY1! GIFT NIFTY is currently trying to maintain upside move at the previous sell zone should it break abd sustain above it, we may see few more green candles on daily TF unless it starts making fresh lower low lower highs by breaking the 2 fresh buy zones created below. watch the move closely to plan your trades ahead.by ajinkyadiwakar717Updated 0
Nifty Intraday Levels | 03-05-2024The Green line is marked for breakout, The Red line is marked for breakdown, The Black lines are for the target. Stay tuned, if any levels occur, I will update you in the comment section.by iamrk7Updated 0
Extreme scalp settup XAUUSD This is extremely scalping idea using less SL to get good profit.. Do analysis your own idea before taking any trade. Don't blindly jump into it. Thank you Shortby Benjaminjabakumar0
XAUUSD ANALYSIS OVER H1 CHARTGold has taken a pullback to 2309, and currently looking to follow the downtrend. Shortby charliedavies7700
Gold grinds within the falling wedge ahead of the US NFPGold price brace for the second consecutive weekly loss despite downbeat US Dollar performance. In doing so, the precious metal seesaws between the 50-SMA and the 200-SMA while posting mild intraday losses within a two-week-old falling wedge bullish chart formation. That said, cautious sentiment ahead of the monthly US employment report and sluggish oscillators restrict the XAUUSD’s immediate moves within the bullish chart pattern. It should be noted that a downside break of the 200-SMA level of $2,289 will direct the sellers toward the stated wedge’s bottom line surrounding $2,278, a break of which will defy the bullish chart formation and can drag the commodity prices toward the early April swing high of around $2,265. On the contrary, a convergence of the 50-SMA and the previously stated falling wedge’s top line, close to $2,319-20, appears a tough nut to crack for Gold buyers. Following that, the late April swing high of around $2,353 and the $2,400 threshold will lure the XAUUSD bulls. In a case where the Gold buyers remain confident past $2,400, the theoretical target of the falling wedge confirmation, near $2,440, will be in the spotlight. Overall, Gold portrays bullish consolidation ahead of the key US employment data, despite the US Dollar’s downbeat performance.by MTradingGlobal0
Beautiful Waves - the making in the Silver MarketAs we could see from the chart the way how XAGUSD presented beautiful patterns every time before a breakout. Now looking it from the left side of the chart it seems pretty easy to create multiple good trading setups but what's tough is doing the same to the right side of the chart where the UNKNOWN lies. That's what would take years of experience to interpret and execute.Shortby naveen_kumar_PS2
SELL FOR ASIA AND EUROPE sessionPrice is seeking for H1 lower BB, has reaction at H4 middle BB, so I expect it will go down for 100pips. Sell around 2300-2302, SL 2304, Tp 2292.by t2kienvn2
Ethnol leader will show better results as govt ease outSugar sector have been consolidated and No worries of Farmer benefits due to election now. So Good mansoon and Ethnol production will increase profitability. Global warming Forex earning International prices of sugar are high. Longby AssetoMotto0000
GOLD NEXT MOVE (Price is at deciding zone) (24-04-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (24-04-2024) Current price- 2318 "if Price stay above 2308, then next target is 2328 and 2345 and below that 2295. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.by AnupZiddiUpdated 8855
GOLD NEXT MOVE (trend continuation) (23-04-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (23-04-2024) Current price- 2304 "if Price stay below 2342, then next target is 2290 and 2276 and above that 2360. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.by AnupZiddiUpdated 9983
SILVER AT SUPPORT Silver is at angular support in daily tf. bullish reverse divergence is also seen in daily tf where the price is making a higher low but oscillators are making a lower low. monthly time frame is positive, silver is showing bullish signs. 78596 is a strong support zone. study purpose. kindly do your own study before taking any trades. Longby NeelsEquityPicks2
1Hr support area buy1 hours support area.so this place buyers area. Sl maintain or Gold invester entry areaLongby Tamiltry2
Crude Oil USD Movements Analysis On 28th Feb 2024 USOIL seems like taking support of 100 Ema on Monthly and Daily TF. If it close above 5ema at the end of this February Monthly Closing it would be good confirmation to Buy. Longby KRSChartsUpdated 7
Banknifty sell on rise we will see 48400-48300On 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 JaiPrakashShuklaHarmonicTrader114