Silver moving in Channel Silver is moving in a channel consolidating at the bottom of the channel and trying to go back to the top of the channel.Longby bhargavramts3
SELL XAUUSDIn my opinion, I am looking to sell , which is a strong SUPPLY ZONE and market also in Correction phase. It is not advisable to enter without confirmation from a lower TF.Shortby KnickkUpdated 5
CRUDEOIL WEEKLY CHART CRUDEOIL Looks like formed a Head and Shoulder Pattern - How many of you identified. No confirmation in breakdown.Shortby Oneshot_Traders1
artiindustry is good to govery strong upmove is waiting recent low formed at 61 level and broke recent resistance Longby activeTradrAshu2
XAUUSD: MARKET ANALYSISMARKET STATUS: 1) The market has made a lower low making a change of character from the long to the short side 2) this choch has been made with a heavy imbalance ( fair value gap (fvg)) 3) this is what indicated a short bearish momentum and the market is expected to be bearish for some time 4. the market has been making a pullback 5. the entry can be aimed at around the OB which is at the 0.5 fib level 6. confirm the entry in the15 min time frame by checking for a change of character in that time frame. Shortby VitalismTraders1
Nifty Institutional levels | Intraday 12-JUNE-2024 | 9:15 IST #Optionbuyers #Niftyoptionscalping Zones you always Like:- Green zone- institutional support Red zone - institutional resistance Gap between institutional zones is always of 100 points Zone is created with the help of pivot points and Fibonacci Advance version of price action Trades based on Nifty future chart Trade Execution:- Trade confirmation on order flow data Timeframe - 1 min and 5 min Risk Reward Ratio always 1:2 Strike price always ATM & slightly ITM Maintain position sizing according to your own method House Rules in trading:- Sharp at 9:15 AM Priority to risk management Fast execution (morning breakfast) Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !by ReviveTradersUpdated 4
Crude Oil ready for Explosive Move !Background: Crude Oil made a high of 9996 during the Ukarine war which also marked the end of wave 3. This followed 4th wave with a flat correction (Marked as ABC) which finished at around 5290. Current Scenario : We are in minor wave 3 of sub wave 3 of major wave 5 (shown on chart) Trading Strategy : Buy on Dips. The entry, stop loss & target are mentioned on the chart Longby harshit22Updated 13
XAUUSD June 12, 2024 everyone waiting for the CPI roundLast week we had strong market fluctuations - Looking from the US economic perspective, we see that with the economic indicators announced last week, we see a number of important issues. - ISM PMI index, which is an index measuring the development of the industry, is lower than 50 standard units of this index, signaling that the industry is slowing down. - The unemployment rate and the number of applications for unemployment benefits increased, showing that the economic situation is slowing down With bad economic signals, the main reason is due to high interest rates, which reduces the cash flow in the US economy, causing a lack of capital for economic development. However, on Friday when the Nonfarm index was released, we saw a sharp increase in the job change rate, which could be the medicine to help the Fed maintain high interest rates for a while longer. Curbing inflation to 2% will come at the cost of economic stagnation, so today's CPI will help us have a clearer view of the decision to cut interest rates in the near future. . From an analytical perspective according to Elliot - After forming the abc wave structure (black), the price does not decrease according to the previous trend but forms a structure running in a triangle wedge. This brings us to a complex adjustment model abcde - Looking at the complex correction model, it is difficult to specifically identify each wave. We can only recognize when the model is complete - This pattern is confirmed when the price breaks out of the lower boundary of the triangle. We will wait for this Breakout to enter a sell order. - In case the price breaks out to the upper edge, this correction model is no longer correct when measuring, we must confirm the price model at that time. After wave 4 completes, the price continues to follow the previous downtrend to complete wave 5 - We have wave 5 targets at 2 price zones 2264 and 2229. - We can find buy points in these areas. Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.Shortby DEEKOPUpdated 2
Crude Oil Technical Analysis | MCX | June 12th - 13th Crude Oil Technical Analysis: Potential Bullish Breakout Oil prices are rising on news of lower-than-expected US crude oil inventories and a bullish outlook for global oil demand. Technical Analysis: A potential bullish breakout is forming above 6570. Trading Strategy Entry: Long above $6570 with sustained move (>50-60 points) to confirm the breakout. Targets: T1: 6680 (1st profit target, +100 points from entry) T2: 6767 (2nd profit target, +200 points from entry) Stop-Loss: Below 6510 (placement below potential support level) Risk Management: Always remember to practice proper risk management. This strategy suggests a stop-loss placement 50-60 points below the entry point, limiting potential losses if the price reverses. Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial professional before making any trading decisions.Longby Shalvisharma57
XAUUSD: Waiting for a new selling opportunity from FOMCHi everybody, In today's trading session, gold prices increased slightly. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting starting this morning (June 12) could push gold prices down. While demand from bargain hunters has boosted gold prices, gains have been limited by a strong US dollar. Recent positive economic news from the US suggests the Fed may continue its current monetary policy for longer. Additionally, with several major central banks having already cut interest rates and possibly further cuts in the coming months, the dollar remains high and could rise further, putting pressure on gold. Stay tuned to see how the market behaves in the coming days!Shortby Hamed-ForexTradingUpdated 5516
XAUUSD ANALYSIS OVER H4 CHART.Gold Price Forecast: XAU/USD maintains focus on $2,277 and the Fed and highly significant US CPI The price of gold is holding onto its two-day surge and defending the $2,300 mark early on Wednesday. Amidst the customary market caution before of the crucial US Federal Reserve (Fed) interest rate decision and the US inflation data release, gold dealers choose to stay out of the market. The price of gold has entered a consolidative phase, as can be seen on the daily chart, after breaking below the crucial confluence support zone at $2,350. The 21-day and 50-day Simple Moving Averages (SMAs) are in close proximity at that point. The 14-day Relative Strength Index (RSI), which is presently at 45.50 and below the 50 threshold, has once again gone downward, indicating that the dangers to the downside for the price of gold continue. The $2,300 barrier is now the area of immediate support; a drop below this level would put the $2,277 low from May 3 in jeopardy. For the decline to resume, there must be a persistent breach below the latter. This next crucial support is situated at the psychological barrier of $2,250. If there are any more drops, the 100-day SMA at $2,220 may be tested. Alternatively, the price of gold must rise over the previously indicated significant confluence support that has since turned into resistance, which is located around $2,350. Then, when they move toward the June 7 high, gold purchasers will stretch their biceps for the May 24 high of $2,364.Longby charliedavies7701
Xauusd Important Levels BreakoutHey Family, XAUUSD is showing a great opportunity and forming Symmetrical triangle Pattern, let's see breakout sustain or not. what is your view please comment it down and also boost the idea this help to motivate us for sharing more idea. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.by ChartSight7
NATURALGAS UPDATE | MCX | JUNE 12 - 13th Natural Gas - Long Trade Setup Entry: Long above 261 Targets: T1: 265 T2: 267 T3: 270 Stop-Loss: 256 -257 News Highlights: Hotter Summer Forecast: Above-normal temperatures in the US are expected to increase natural gas demand for cooling, boosting prices. Increased Electricity Demand: Rising electricity output suggests higher natural gas consumption by utilities, providing further bullish support. Lower Production & Ample Supply: While production is down, inventories remain high, potentially limiting excessive price surges. Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial professional before making any trading decisions.Longby Shalvisharma55
Gold looks sidewaysTrend analysis Current week trend has less volumed when compare to last week. Looks golds is in range bound between 2380 to 2280 per trend analysis pattern. Three drive pattern gives short look below 2,270. Please do your Own analysis before trading. I just share my view.by jothimageswari0
triangle in bajajfinservecontracting triangle is one of the prototype triangle formation that occurs in wave 4,wave B and wave X of combination or complex correction.it occurs prior to final move.movement following triangle is called thrust.Long07:32by suresh_dc0
Gold Trend 10/06 - Consodiate further this week ? (Repost)(The chart posted on Monday morning was hidden by TradingView, reposting now) Gold price experienced the largest single-day decline in recent months last Friday, downed by $82. The price stayed within the range of 2320-2360(1) early last week until Wednesday after a disappointing ADP employment figure was released. It cleared the resistance(2) in the Asian session on Thursday. The breakout triggered a new round of buying, resulting in a weekly high of 2387(3) within 24 hours. However, the gold price started selling at the European session on Friday, again back into the previous sideways range(1). After the release of US employment data that evening, the price fell below 2320(5) and touched our target of 2300, closing at the weekly low near 2286. As mentioned last week, the gold market is in a profit-taking cycle. The latest data from the COMEX gold futures shows that the open interest continues to decline, at 440,000 contracts now. This is about 90,000 contracts less than the peak when gold prices reached a historical high a few weeks back. This indicates that the long buying is still on the limited side, and there is still room for further decline. The key events this week are the US inflation data and the FOMC meeting on Wednesday. Take advantage of a range-bound market while investors are waiting for these economic figures at the beginning of the week. From the M-T perspective, gold prices are still in the phase of consolidation. It will be a good chance to short-sell the market if the high level of uncertainty this week leads to a jump in gold prices. 1-hr chart > The key support level is at the previous low of 2280-2285(6). Expect the price to be bounded within the range of 2280-2320(7), while the market is waiting for Wednesday's news. A new round of selling will be triggered if the price breaks through the support zone(6). Daily Chart > Gold cleared the ascending channel(9) last week. The closing near the weekly low on Friday indicates that the selling is still dominating the market, and the price might have another attempt to the low in the next 2 days. In S-T, support lies at the previous low of 2277 (10). If there is a successful breakthrough below 2277(10) later this week, the first target can be set at the 50% retracement level around 2216(11). The above analysis helps you identify resistance, support, and breakout points. P.To If you like my work, please give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟.by 1uptickUpdated 0
Silver!!Right now silver is at the bottom of upward tunnel. It is well placed to reach the top of the tunnel by crossing it ATH. I am playing it by buying silver Bees. This is not a recommendation to Buy or Sell.Longby naveenpawar220
BUY GOLD There is a possibility that some correction could occur after Friday's huge selling pressure, which is the reason I placed a buy order on MondayLongby Knickk0
Natural gas buy on dip 261 , 275+ Target support 238Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . 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
Crude MCx buy given at 6100 , 425 points profit hold buy 6600,++Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . 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
Crude WTI buy given at 74 $ hold buy trade 4 $ profit running Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . 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
Copper 854 Target hit continuesly selling from 937 , wait nowDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . 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