Banknifty Buy On Dips Only Next monthAs per PCR and Price retracement this correction is a retracement and make a longs around 48200 levels as shown in chart take only Next month calls just a view not a reco...by gttsudhakarUpdated 1
GOLDBuy @ 72,000. Resistance @ 74,000. Can add some if weekly close is above 75,000. If the price go down, can add @ 70,000. Target @ 77,000 / 81,000. SL @ 66,500.Longby singhvimukund100
Gold remains vulnerable to further downside, $2,306 eyedGold slides beneath a four-week-old rising support line while extending the previous day’s fall amid a firmer US Dollar early Thursday. That said, the bullion marked the biggest daily loss in a week and snapped a three-day winning streak on Wednesday. It should be noted that the quote’s latest support break joins the bearish MACD signals and steady RSI to keep sellers hopeful. As a result, a convergence of an eight-week-old rising support line and the 50-day Exponential Moving Average (EMA), close to $2,306, gains the market’s attention. If at all the precious metal remains weak past $2,306, the monthly bottom of $2,277 and the early April swing low surrounding $2,265 will act as the last defense of the buyers. On the contrary, the XAUUSD’s corrective bounce needs to provide a daily closing beyond the support-turned-resistance line, near $2,340 by the press time, to convince the buyers. Even so, a slew of resistances around $2,360 and $2,390 will challenge the Gold price upside before highlighting a seven-week-old horizontal resistance area surrounding $2,433. Following that, the recent high of near $2,450 and the $2,500 threshold should lure the bulls. To sum up, the Gold price signals further downside but a clear break of $2,306 becomes necessary to defeat the bulls at least for the short term.by MTradingGlobal0
intraday cummins buyrationale: good news plus in a 15 minute frame there is a breakout sl and target are mentioned in chartsby rashjohn0070
USOIL ORDER BLOCK | SHORT TRADEUSOIL ORDER BLOCK | SHORT TRADE Hi Traders, This is Usoil 1hr Order block tarde we can see selling from this level.. At this level we can see some Liquidty pool. Here we can take trade with 5 min CHoCH. 5 min CHoCH is best to take Short Trade Note - Only for education Purpose Follow for Daily Forex Update Shortby PM_PatilUpdated 161620
XAUUSD May 29, 2024 Is the upward correction over?Looking at the current H1, we see that the price has reached the first target of wave 4 Looking at the preliminary forecast of US economic indicators tomorrow night we see. - Prelim GDP q/q decreased from 1.6% to 1.2% - Unemployment Claims increased from 215K to 218K - Pending Home Sales m/m decreased 3.4% to -1.1% US economic indicators show that the economic situation appears to be weakening due to tightened monetary policies. Maintaining high interest rates today makes it difficult for people and businesses to access capital, leading to a decrease in people's demand for housing consumption, in addition to pushing up raw material prices, leading to increased commodity prices. making it difficult to maintain operations of factories, leading to an increase in people applying for unemployment benefits. This continues to put pressure on the Fed to loosen monetary policy in the near future. Looking at the current H1, we see that the price has reached the first target of wave 4 and the price is reacting sideways in this area. If the price breaks below the 2352 area and then recovers without exceeding the previous peak area, this is a very good sell down signal. - If the price rises above the 2364 area, we wait for the target wave number 2 of wave 4 to find a sell signal. - After the price completes wave 4, it will continue to trend with wave 5. From the current data, we will get the expected targets of wave 5 at target zone 1 at 2322 and target 2 at zone 2311. - In the target areas of wave 5, we will find suitable conditions to enter a BUY order Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment. Shortby DEEKOPUpdated 2
Gold Deep Pullback Gold has been volatile in the past two days, but everyone should be familiar with this rhythm. It is always quiet before the storm. Under the calm surface of gold, the big market is about to start. Since the pressure of 2450, the daily line has fallen sharply for three consecutive days, and then rebounded for three consecutive small positive lines. The short-term rebound rhythm is almost the same, which is in line with our expectations. The short-term trend suppression is also around 2365-2370, so after the short-term three consecutive positive adjustments, the price may weaken and fall again. The trend rebound in recent days is very weak, and the decline is completely under our control! Today, gold focuses on the repeated pressure of 2352. If it falls below 2352 during the day, the bearish thinking remains unchanged. The price will have good support at 2340. Relative to the weakening of the market, the stage rebound will continue to be weak. The effective support below is around 2336, and the lower track of the 1-hour Bollinger band is at 2328. The lower track of the daily MA60 moving average 2320 and the lower track of the daily line 2310 are used as defensive support points. On the whole, today's short-term gold operation advice is mainly to go short after the rebound, supplemented by long after the callback. The top short-term focus is on the 2356-2362 resistance range, and the bottom short-term focus is on the 2330-2325 support range.by MasterGoldTraderUpdated 13
SILVER CFDGood potential to give good returns Multiyear breakout Can buy Silverbees to take advantage of this scenario. Longby Nasrin_banu0
Bearish FlagWating for break flag. If we look at the time frame of 1 horse, then a bearing flag pattern is visible here, with three touches to take aggressive entry.Shortby DipakJadhav9Updated 224
CrudeOil Update | May 29Crude Oil Technical Analysis: Bearish Order Block in Control Chart Pattern: Bearish Order Block (OB) Current Price: 6710 Downside Target: 6565 Stop-Loss: 6730 When Crude Oil attempts to break above this bearish OB, the price tends to fall back again. Additional Considerations: Increased selling volume within the bearish OB would strengthen the bearish signal. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.Shortby Shalvisharma59
GOLD NEXT MOVE (WAITING FOR PERFECT ENTRY) (16-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (16-05-2024) Current price- 2384 "if Price stay above 2372, then next target is 2395 and 2410 and below that 2355. -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 1111131
GOLD NEXT MOVE (waiting for perfect zone) (02-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (02-05-2024) Current price- 2302 "if Price stay below 2313, then next target is 2292 and 2280 and above that 2328. -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 141470
GOLD NEXT MOVE (PPI IN FOCUS (14-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (14-05-2024) Current price- 2345 "if Price stay above 2332, then next target is 2355 and 2365 and below that 2315. -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 44113
GOLD NEXT MOVE (NFP in the focus) (03-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (03-05-2024) Current price- 2298 "if Price stay above 2278, then next target is 2316 and 2328 and below that 2260. -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 2252
GOLD NEXT MOVE (awaiting for breakout) (07-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (07-05-2024) Current price- 2323 "if Price stay below 2338, then next target is 2314 and 2300 and above that 2370. -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.Shortby AnupZiddiUpdated 4476
GOLD NEXT MOVE (mild correction) (10-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (10-05-2024) Current price- 2366 "if Price stay below 2382, then next target is 2355 and 2342 and above that 2395. -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.Shortby AnupZiddiUpdated 1174
GOLD NEXT MOVE (range market, no trade) (09-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (09-05-2024) Current price- 2317 "if Price stay below 2327, then next target is 2307 and 2293 and above that 2342. -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 7792
Cotton us double bottom formation on monthly time frame in commodity near 70 level if holds on monthly closing bases can see good buying momentum upto 100 level & above in next 6 -8 month .by deepshah19820
Crude oil will go more up avoid any sell trade till any big newsDisclaimer - 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 JaiPrakashShuklaHarmonicTrader112
Copper sell at 906 -907 we can see recent low again 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
Sell gold MCX again at CMP 72150-72200 Target 71500 , 70900Disclaimer - 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
Sell silver mcx at CMP near 95550-95600 Target mentioned onchartDisclaimer - 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 JaiPrakashShuklaHarmonicTrader221
Crude is Bullish - when will Reliance bounce backIt was little slow in moving up but it was in Buy side for more than a week now. Further moves in crude will give support to Reliance onlyby venkatfx1