MexicanPeso. Time for a bounce?The mexican peso has correctly sharply and is revisiting a weekly demand zone from the past. We are expecting a potential bounce coming out of this level from coming week onwardsLongby VishalSubandhUpdated 0
Copper at Important levelCopper should respect the green line which is Fib 0.5 level and falling wedge #mcx #trading #nifty #crudeoil #stockmarket #nse #crude #bse #sharemarket #india #commodity #gold #nationalstockexchange #marketnews #zerodha #profit #business #forex #commodities #market #commoditytips #nyse #stockmarkets #sigsauer #trader #silver #rakeshjhunjhunwala #airsoft #intraday #intradaytradingby Beardotrader3
MexicanPeso. Time for a bounce?The mexican peso has correctly sharply and is revisiting a weekly demand zone from the past. We are expecting a potential bounce coming out of this level from coming week onwardsLongby VishalSubandh1
XAUUSD week 2 June 2024 where will the decline come?Last week, China announced that it would stop buying Gold in May, making investors worried, leading to a sharp drop last Friday. In addition, the published Nonfarm news also showed that the change in US employment rate increased sharply from 165k to 275k. These are the things that caused Gold to have a sharp decline on Friday Looking at D1, we see that the sharp drop in price on Friday completely negated the increase last week. - This also confirms that wave 5 has not yet started when the price breaks below the 2318 zone - So the wave 4 correction model now becomes a Flat model with the top of wave b equal to the bottom of wave a. - From the measurement, we can measure the target of wave c in wave abc or wave 4, there will be 2 targets: area 2260 and area 2205. - This correction process, the abc process in wave 4, is confirmed to be completed when the price breaks through 2452 - This correction is negated (i.e. our current wave counting model is no longer valid) when the price breaks below 2145. - Looking at the current momentum indicator, it is preparing to reverse and decrease so in the short term, the price will continue to decline, so we should limit bottom fishing at the current price range. Our trading plan is to observe two target zones, the 2260 zone and the 2205 zone, to find a buy signal.Shortby DEEKOP1
Gold - where is it headedTrading at parallel channel resistance now. Looks like coming down to middle of the range or bottom once before a long time breakout outside the parallel channel and once that happens the breakout will be huge since the parallel channel is from many years since 2015.by The-Breakout-Trader1
BUYSTOP XAU USDBuy stop XAUUSD 2314 Sl 2303 TP 2322 if one hour gold close above 2314Longby VaithiLingam0
Gold : At support - Looks weakGold : At support zone, looks weak. Breaking 2275 might make it fall to 2200 Shortby roshansai7
Gold volatility intensifiesSpot gold was sold off in large quantities due to the negative impact of non-agricultural data, reaching a low of $2,303. The rising structure of gold has been destroyed, showing a clear weak pattern, and it is expected to continue to be under pressure and fall. Therefore, it is recommended to pay attention to the support level of the $2,303-2,300 area. If the price is above this area, there may be a volatile trend; if it breaks below this area, it may open a new round of downward space. From the perspective of the market pattern, the price of gold alternates between long and short. The price fell after rising, and broke high and rose when rising, and broke low and extended when falling, forming a trumpet-shaped diffusion shock. Judging from the general rhythm, the price is still within the correction range. It is difficult to form a trend based on the rise or fall of a single news aspect. The current price has touched the support band of $2,303, the previous starting point, and has temporarily stabilized. Next, we need to pay attention to whether the closing line this week can stand above $2,325 to judge whether it can be effectively stabilized. On the whole, it is recommended that the short-term operation of gold next Monday is mainly longs on callbacks, supplemented by shorts on rebounds. The short-term focus on the upper side is the resistance range of $2338-2340, and the short-term focus on the lower side is the support range of $2303-2305.by MasterGoldTraderUpdated 40
hcltechhcl tech is looking good taking support in support zone next target might be 1520 and 1690 Longby yogesh_b0
TWO BUY POSSIBILITY ON GOLD There will be a big buy move after the retest. Following the retest, I am looking to buy gold and am waiting for confirmation within a shorter period of time.Longby Knickk4
Natural gas buy on dip levels mentioned on chart 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 JaiPrakashShuklaHarmonicTrader222
CRUDE oil buy on dip levels mention on chart 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 JaiPrakashShuklaHarmonicTrader7
Copper sell trade holding downside Target mentioned on chart 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
Silver MCX sell trade holding downside Target mentioned on chartDisclaimer - 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 JaiPrakashShuklaHarmonicTrader7
Silver comex sell trade holding downside Target mention on chartDisclaimer - 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 JaiPrakashShuklaHarmonicTrader2
Gold MCX sell trade holding downside Target mentioned on chart 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
XAUUSD Gold downside Target we are holding sell trade 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 JaiPrakashShuklaHarmonicTrader3
BATA bullish butterflybata turned reversal from bearish weekly narrow range stock treading near weekly pivot support 1 This analysis is my own idea. I don't recommend taking trade based on this idea. Know the market risk before trade.Longby johnjen20880
Gold directionless as of now..2335 to 2290 Is going to be a Crucial Zone. If Respected, 2 Possible Scenarios Green - 2466 Zone could be tested Yellow - Some more consolidation before the Next Lower Low around 2170 If Broken 1 Possible Scenario Red - 2220 Zone could be tested.by DrAnandMUpdated 101020
XAUUSD/expecting a bullish movement pattern looks clearly bullish to me, but volume still the same as past week (low) we may see a one more small fall and sudden bullish movement , watch gold for next few weeks Longby fzxzzUpdated 2
HEAD AND SHOULDER PATTERN IN GOLDGold in bearish mode no major support is there. Gold is around supply zone. If gold fall have bigger target. smaller stop loss big target.Shortby Gurlal_Pawar10
XAUUSD: MARKET ANALYSISCURRENT MARKET ANALYSIS: 1) the market seems to be making lower lows and lower highs in the 4 hr time frame 2) the 1 hr has made a choch and the price has been falling with large fvg ENTRY: 1) look for entries in the 15 min timeframe when it makes a pullback and makes a choch to the downside 2) target the next liquidity line. that is an important zone because it is a 4 Hr Low, so it is an area of high liquidityShortby VitalismTraders4
Gold (XAUUSD) Trading at Lower End of the Hourly ChannelGold (XAUUSD) Trading at Lower End of the Hourly Channel: A Potential Rebound Gold (XAUUSD) is currently trading at the lower end of its hourly channel, around the 2312 level. This price point is significant as it aligns with a key demand zone identified on higher time frames. If the channel boundaries are respected, we could anticipate a recovery towards the upper end of the channel. Key Points to Consider: Support at Current Level: The 2312 level has historically acted as a strong support, coinciding with a demand zone on higher time frames. This increases the probability of a bounce from this region. Channel Dynamics: The hourly channel has been well-defined, with price consistently respecting its boundaries. Given this pattern, a move towards the upper end of the channel seems likely if the lower boundary holds. Trade Opportunity: This setup presents a potential long trade opportunity. Entering a position at the current level with a target near the channel's upper boundary could offer a favorable risk-to-reward ratio. Trade Setup: Entry: 2312 (current price level) Target: Upper end of the channel (to be determined based on the channel's slope) Stop Loss: Below the demand zone (specific level to be determined based on risk tolerance) Conclusion: Keep an eye on the price action around the 2312 level. If support holds, we could see a strong upward move towards the channel's upper boundary, presenting a lucrative trading opportunity. Always manage risk appropriately and adjust stop loss and take profit levels as the trade progresses. Happy trading! 🚀Longby ThirstyBull0