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Nifty Intraday Levels | 28-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
Gold price analysis November 27Fundamental Analysis Gold prices rose above overnight gains from the $2,600 region, or a one-week low, and gained some follow-through positive momentum for the second consecutive day on Wednesday. Concerns over persistent geopolitical risks stemming from the protracted Russia-Ukraine war and US President-elect Donald Trump’s tariff plans turned out to be the main factors driving safe-haven flows into the precious metal. In addition, a subdued US Dollar (USD) price action lifted Gold prices to a two-day high around $2,645 heading into the European session. However, the prevailing risk-on environment, prospects of slower rate cuts by the Federal Reserve (Fed) and rising US Treasury yields kept the yellow metal in check. Traders now look to key US inflation data for fresh impetus. Technical analysis The immediate resistance that gold is aiming for is 2648-2650, pay special attention to this price zone. If we can break this zone, we will wait for retests and BUY to the main resistance zone today at 2658-2660. In case the European session cannot break 2650, our strategy will be to SELL Gold, expecting it to reach 2634.
OANDA:XAUUSD
by TVS-Trader
Gold DowntrendBased on the 1-hour chart of gold trading against the USD, I see a few key points for investors to pay attention to. After a strong rally, gold has seen a significant drop, with the price breaking below both the 34 EMA and 89 EMA, suggesting that a short-term downtrend may be forming. From a technical perspective, the crossover between the two EMAs has previously been a sign of a trend change, and the current price holding below these lines suggests that selling pressure may continue. This rapid decline could be the result of investors taking profits after the price reached new highs.
OANDA:XAUUSD
by Maria_aaa
Gold Prices Rise Steadily, Testing the 2,658 USD/oz LevelGold prices increased for the third consecutive session, reaching a one-week high of 2,647.43 USD/oz on November 20, supported by its role as a safe-haven asset amid escalating tensions between Russia and Ukraine. However, the rally was capped by a recovering USD, making gold more expensive for international buyers. The 2,551 level has been confirmed as strong support after two successful tests, prompting a sharp rebound. The 2,658 level is the next immediate target for prices to break, while the 2,789 zone is the next potential peak if the bullish trend persists. Following a significant correction from the previous high, gold may form a double-bottom pattern around 2,551, signaling strong buying pressure. Currently, prices are testing the 2,658 resistance level and show signs of continuing the upward trend if this level is breached. If a pullback occurs, the 2,652 zone (EMA 34) will serve as an essential support level to watch.
OANDA:XAUUSDLong
by Vanna-Cris
Technical analysis of XAUUSD chartDear friends, it's Samson here! Flag Pattern: The chart showcases a well-formed flag pattern, a classic bearish continuation signal. Target Projection: Using the height of the previous wave 3 of the flagpole, the pattern's target is forecasted to be around $2,553. Fibonacci Levels: The price is at a level corresponding to the 0.618 Fibonacci retracement at $2,637, a strong bearish signal, with the next resistance near $2,647 (0.5 Fibonacci retracement). Breakout Confirmation: A breakout from the flag will confirm the bearish momentum. Trend Outlook: A macro bearish trend is indicated, supported by resistance rooted in fundamental factors... Consider, share your opinions and questions, discuss what is happening with OANDA:XAUUSD
OANDA:XAUUSDShort
by Bo-Samson
3
Gold Trading strategy for 28th November 2024Trade Strategy for Gold Current Price 2636.700 USD Buy: Enter a long position when the price moves above 2659 on a one-hour candle close. Sell: Enter a short position when the price drops below 2626 on a one-hour candle close. Support and Resistance Levels Support Levels: 2600: This is the first line of defense where the price might find support and potentially reverse upwards. 2550: If the price falls below 2600, 2550 acts as the next significant support level. 2500: This is a major psychological level that could provide strong support. Resistance Levels: 2700: The initial barrier where the price might encounter resistance and potentially reverse downwards. 2750: If the price breaks above 2700, 2750 becomes the next key resistance level. 2800: This is a significant resistance level that could pose a challenge for further upward movement. Disclaimer Trading involves significant risk and it's important to do your own thorough research or consult with a professional financial advisor before making any investment decisions. The information provided here is for educational purposes only and should not be considered as financial advice. Always consider your risk tolerance and investment goals before engaging in trading activities.
OANDA:XAUUSD
by ramkkyy
USOIL: Bearish Reversal from Key Resistance at $69.36 Market Overview: Crude oil (USOIL) is currently facing resistance near the $69.36 level on the 15-minute timeframe. After a sharp recovery, the price is showing signs of exhaustion with bearish rejection candles forming at this key resistance zone. This suggests that sellers may regain control, potentially driving prices lower toward the next support level at $68.07. USOIL: Bearish Reversal from Key Resistance at $69.36 – Targeting $68.07 Market Overview: Crude oil (USOIL) is currently facing resistance near the $69.36 level on the 15-minute timeframe. After a sharp recovery, the price is showing signs of exhaustion with bearish rejection candles forming at this key resistance zone. This suggests that sellers may regain control, potentially driving prices lower toward the next support level at $68.07. Technical Analysis: 1. Resistance Zone ($69.36): - The price has tested this level multiple times, creating a significant barrier for further upward movement. - Bearish candlestick patterns at this resistance indicate strong selling pressure. 2. Support Zone ($68.07): - The next key support lies near $68.07, a level that previously acted as a demand zone and could attract buyers. 3. Trend Structure: - The overall structure suggests a potential bearish continuation as the price approaches resistance and begins to reverse. 4. Risk/Reward Ratio: - With a stop-loss placed at $69.53, this trade offers an attractive risk/reward ratio of approximately 3:1. Trade Setup: - Entry: Short at $69.36. - Stop Loss: $69.53 (above resistance to account for false breakouts). - Take Profit: $68.07 (near the next support zone). Key Considerations: - Bearish Confirmation: Wait for a clear break below intraday lows or additional bearish confirmation (e.g., a rejection candle or a lower high) before entering. - Market Volatility: Keep an eye on crude oil inventory reports or geopolitical developments that could impact oil prices. Conclusion: Crude oil is showing signs of a potential bearish reversal at a strong resistance zone, providing an opportunity for short positions. Traders should manage risk carefully, monitor price action, and adjust their strategies in case of unexpected volatility. Conclusion: Crude oil is showing signs of a potential bearish reversal at a strong resistance zone, providing an opportunity for short positions. Traders should manage risk carefully, monitor price action, and adjust their strategies in case of unexpected volatility.
FX:USOILShort
by EliteTradersChoudharyJI