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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
Crude Oil Futures: Key Levels and Scalp Trade StrategiesThe daily chart of Light Crude Oil Futures (NYMEX) indicates a long-term bearish trend, with key levels offering opportunities for short-term scalp trades. Key Observations: Downtrend Resistance: The yellow trendline starting from 2022 highs continues to cap upward movements. Support Zone: $66.40 is a critical level where buyers repeatedly defend, creating a strong price floor. Resistance Levels: $72.58, $77.20, and $84.20 serve as major hurdles for upward price action. Volume: No significant volume spikes currently, but monitor closely for breakout confirmation. Scalp Trading Opportunities: 1. Long Trade: Entry: Near $66.40 support on a bounce. Targets: $69.00 (nearest resistance) and $72.58. Stop-Loss: Below $65.90. Why? Buyers consistently hold this level, making it ideal for quick upward moves. 2. Short Trade: Entry: Near $72.58 resistance after a rejection. Targets: $69.00 and $66.40. Stop-Loss: Above $73.50. Why? Sellers dominate this zone, offering quick pullback opportunities. Key Points to Watch: Bearish Breakout: A high-volume breakdown below $66.40 could send prices to $60 or lower. Bullish Reversal: Breaking the yellow trendline and $77.20 resistance could spark a rally toward $84.20. Volume Confirmation: Significant volume spikes near key levels (support or resistance) often confirm a breakout or rejection.
NYMEX:CL1!
by ayusharya_001
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
XAUUSD Recovery: Testing Resistance at 2,620Currently, XAUUSD is attempting a recovery after hitting the key support level at 2,530 USD. This support zone has shown significant buying interest, pushing prices up from the recent low. However, the overall trend remains bearish, influenced by the EMA 34 and EMA 89 lines above, acting as dynamic resistance. The price is now trading around 2,583 USD and is likely to test the nearest resistance zone at 2,620 USD. If this resistance is breached, the recovery trend could extend further, aiming for higher levels. Gold remains under pressure from a strong USD, driven by expectations that the Fed will maintain high interest rates. However, investors should pay close attention to this week’s U.S. economic data releases, including employment and inflation figures, as they could significantly impact USD strength and gold’s next direction.
OANDA:XAUUSDLong
by Vanna-Cris
Gold in Bears' ControlI am watching the recovery in gold, currently trading around $2,586/oz. With the USD rising sharply after President-elect Donald Trump's victory and expectations of higher inflation, the Fed is likely to maintain high interest rates. This is creating significant pressure, making it difficult for gold to continue to break above the 34-EMA and 89-EMA. In addition, comments from Fed Chairman Jerome Powell about not being in a hurry to cut interest rates further reinforced the USD's bullish momentum and reduced the appeal of gold. However, geopolitical tensions in the Middle East and between Ukraine and Russia remain a slight support factor for the precious metal's safe-haven status. Personal view Key resistance: $2,600–$2,625, which the price needs to break above to generate upside momentum. Potential support: $2,550, which is an important area I will wait to test. If the price fails to surpass $2,600, I believe there is a high possibility of a further decline to $2,550, consistent with the current market scenario. I will prioritize a short-term selling strategy in the resistance zone.
OANDA:XAUUSD
by Maria_aaa
Gold Trading Strategy for 18th November 2024GOLD TRADING STRATEGY Buy Above: $2575 If the gold price closes above $2575 on a one-hour timeframe, it may indicate a bullish trend. Consider buying at this level with appropriate risk management strategies. Sell Below: $2554 If the gold price closes below $2554 on a one-hour timeframe, it may signal a bearish trend. Consider selling at this level with appropriate risk controls. Current Price: $2563.220 This strategy is based on key technical levels and requires confirmation of a one-hour closing price above or below the thresholds. Traders are advised to use stop-loss orders and position-sizing techniques to mitigate risks. Disclaimer: This content is for educational and informational purposes only and should not be construed as financial or investment advice. Trading in commodities, including gold, involves substantial risk of loss and is not suitable for all investors. Market conditions can be volatile and unpredictable, influenced by various factors such as economic data, geopolitical events, and global market sentiment. The price levels mentioned are illustrative and subject to change based on market dynamics. Before making any trading decisions, you should perform thorough research or consult with a licensed financial advisor. You are solely responsible for any trading or investment decisions you make, and neither the author nor the publisher of this information shall be held liable for any losses incurred. Always trade with capital you can afford to lose and ensure your trading practices align with your risk tolerance and financial objectives. Past performance is not indicative of future results.
OANDA:XAUUSD
by ramkkyy
Detailed Analysis using OrderFlow analsysis for XAUUSD ( GOLD) Key Points in Order Flow: 1. Delta in Order Flow: - Delta measures the net difference between aggressive buyers (market orders to buy) and aggressive sellers (market orders to sell). - A positive delta of 20K means there were 20,000 more aggressive buy orders than sell orders during that candle. 2. No Major U.S. News: - With no significant U.S. news or economic events, the positive delta likely reflects organic market sentiment or institutional buying rather than reactionary moves to news. - This suggests that market participants are confident in higher gold prices. 3. Implication for Gold: - Aggressive buying without external news typically indicates a strong bullish sentiment in the market. - Since this buying is not driven by news but by organic demand or positioning, it suggests that gold may rise further until new external factors or resistance levels come into play. 4. Order Flow Perspective: - Buyers are dominating sellers, which could trigger a short squeeze if sellers close their positions by buying back. - The absence of significant news events reduces the likelihood of volatility spikes, allowing a smoother upward trend. 5. Monitoring Points: - Order Book: Watch if the buy-side liquidity remains strong or if sellers begin to step in at higher price levels. - Volume Profile: Check for areas of high volume where gold may consolidate before moving higher. - Delta Continuation: If positive delta persists on subsequent candles, it strengthens the bullish case. Trading Implications: - If you're a trader, consider going long but set a tight stop loss near recent support levels in case the market reverses. - Monitor for divergences, like price stalling while delta remains positive, as this could indicate absorption of buying pressure by sellers.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
Update latest gold price today !Hello everyone! Gold has been in a steady decline since the start of the week, currently sitting at 2561, with strong indications that this downtrend may persist. The key 2550 level is still fiercely contested, keeping traders on edge. The market remains clouded with apprehension, especially with recent developments in the U.S. following Donald Trump's election as president. This lingering uncertainty may continue to weigh heavily on gold. At the moment, all attention is focused on the upcoming October Producer Price Index (PPI) report in the U.S. Analysts are forecasting a year-over-year increase of 2.3% for October, a notable jump from September's 1.8%. If both the CPI and PPI show further inflationary pressure, the Federal Reserve could be pushed to raise interest rates, which could apply even more pressure on gold prices. A stronger U.S. dollar would make gold trading and holding costs more expensive, potentially intensifying the sell-off. Technically speaking, the battle at 2550 is far from over, and there’s a strong likelihood of a brief pullback before continuing the downward trend. This could mean a possible retest of the 2600-2580 resistance zone before resuming its decline. Chart patterns suggest that if the correction unfolds as anticipated—possibly in line with an Elliott wave impulse—the target could be around 2485, a drop of over 1000 pips from the resistance level. Stay tuned for more developments as this situation unfolds!
OANDA:XAUUSDShort
by Bo-Samson
2
Gold -> How Long Will the Adjustment Last? Emphasis on $2,600Hello, dear friends! Gold (XAU/USD) extended its recovery early this week, reaching the critical $2,600 mark and ending a six-day losing streak after a false breakout and a retest of $2,546. This rally has been fueled by escalating geopolitical tensions as the U.S. authorized Ukraine to use long-range weapons to strike Russia. However, the market remains under significant pressure. The USD and bond yields continue to rise, while the Federal Reserve maintains a hawkish stance. Economic struggles in Europe are weakening the euro, driving demand for the USD and further weighing on gold. This week, the gold market is expected to remain subdued with limited major economic data releases. Key areas to watch include U.S. housing data, the University of Michigan Consumer Sentiment Index, and comments from Federal Reserve officials. Gold is currently testing the critical resistance zone at $2,600–$2,589. A false breakout here could trigger strong selling, reinforcing bearish momentum. Conversely, a modest pullback followed by a decline to $2,546 would solidify a clearer downtrend. Keep a close watch!
OANDA:XAUUSDShort
by Bo-Samson
Nifty Intraday Levels | 18-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