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Ichimokukinkohyo

XAUUSD Daily AnalysisAccording to our previous analysis which showed the exact movement of Gold (based on ichimoku ), the trend of gold is still upward. So we have correction on chart and expecting to move from the range of 2761 to the first support area ( 2698-2688 ) and then move to higher resistance zones ( 2783- 2788 ) and ( 2814-2819 ). Note: *If the 2761 range (4-hour kijensen) is broken, we expect our expected downward correction from the 2783-2788 range to the the support zones. *if the support of 2698-2688 is broken, the next support zone is (2640-2629). *We trade at all these levels with proper mm :)
OANDA:XAUUSD
by SalimiFinancee
11
YATHARTH - Ichimoku Breakout📈 Stock Name - Yatharth Hospital & Trauma Care Services Ltd 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 667. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #largecap #YATHARTH
NSE:YATHARTHLong
by nikunjbhadja
Gold Market Outlook for August 19, 2024Comprehensive Analysis for XAU/USD (Gold) with Ichimoku Cloud and Other Technical Indicators —— As of the closing price on Friday, August 16, 2024, at $2,508.140, here is an in-depth analysis combining various technical indicators, including the Ichimoku Cloud, to project potential price movements for Monday, August 19, 2024. 1. Current Trend and Market Sentiment: - Price Positioning: XAU/USD is trading above significant levels, indicating a strong bullish momentum. The closing price near $2,508 suggests that gold has maintained its upward trajectory over recent sessions. - Ichimoku Cloud Analysis: - Kumo (Cloud): The price is well above the Kumo, confirming a strong bullish trend. The Kumo is upward-sloping, providing robust support below current price levels, which suggests that any pullbacks could be limited and likely to find support around the cloud's upper boundary. - Tenkan-sen and Kijun-sen: The Tenkan-sen (Conversion Line) is above the Kijun-sen (Base Line), which indicates ongoing bullish momentum. Both lines are likely sloping upwards, showing that short-term and medium-term trends are in favor of further gains. - Chikou Span: The Chikou Span (Lagging Line) is positioned above the current price and the cloud, further affirming the bullish sentiment. This alignment generally precedes a continuation of the upward trend. 2. Key Support and Resistance Levels: - Resistance: - The first major resistance is near $2,520, which is close to the recent highs and aligns with the red area of interest on the chart. A breakout above this level could pave the way for the price to test the next resistance levels around $2,540 or higher. - Support: - Immediate support is identified around $2,495 (near the LRC upper band and the Kijun-sen). If the price pulls back to this level, it may find buying interest, as it aligns with strong technical support. - The next support lies around $2,454 (KC basis), which also serves as a lower bound for a potential retracement. 3. Other Technical Indicators: - Moving Averages: The price is likely above both the 50-day and 200-day EMAs, reinforcing the bullish trend. The moving averages might also be in a bullish crossover position, where the shorter-term average (50-day) is above the longer-term average (200-day), adding to the positive outlook. - Relative Strength Index (RSI): The RSI could be approaching overbought levels, which would suggest caution. However, in strong trends, RSI can remain overbought for extended periods, so it’s important to look for divergences or a clear breakdown in momentum. - Volume Analysis: There has been an uptick in trading volume, indicating that the recent price moves are supported by strong market participation. High volume on up days is a bullish sign, while any significant decrease in volume during pullbacks could suggest that the bulls are still in control. 4. Potential Price Action Scenarios for August 19, 2024: - Bullish Scenario: - If XAU/USD sustains above $2,508 and breaks the $2,520 resistance level, the bullish trend is likely to continue, with potential targets at $2,540 and higher. - The Ichimoku Cloud's upward trend, along with supporting indicators like moving averages and RSI, suggests that any pullbacks could be opportunities to buy, particularly if the price remains above key support levels like $2,495. - Bearish Scenario: - If the price fails to break above the $2,520 resistance and begins to retrace, the first significant support is around $2,495. A breach of this level could see the price testing $2,454 or even the upper boundary of the Kumo around $2,440. - In the event of a deeper correction, monitor the behavior around the Kumo (cloud) and the Kijun-sen, as these levels will be crucial in determining whether the bullish trend will resume or if a more prolonged correction is underway. Conclusion: The overall outlook for XAU/USD is bullish, with the price above the Ichimoku Cloud and supported by strong technical indicators. However, as the price approaches key resistance levels, traders should remain vigilant for any signs of reversal or consolidation. A sustained break above $2,520 could open the door for further gains, while a failure to maintain this level might lead to a short-term correction towards support levels around $2,495 or lower. Trading Strategy: - Entry Point: Consider entering a long position on a confirmed break above $2,520 with a potential target of $2,540 or higher. - Stop Loss: Set a stop loss just below $2,495 to protect against a deeper pullback. - Profit-Taking: If the price rallies significantly, consider taking partial profits near $2,540, while moving your stop loss to break even to lock in gains. Navigating Key Economic Data and Volatility ———- 1. Macro Context and Recent Price Action Gold prices have been under pressure as of late, largely due to a strengthening U.S. dollar and hawkish signals from the Federal Reserve. The market is pricing in a scenario where the Fed continues its aggressive stance on interest rates, making non-yielding assets like gold less attractive. At the same time, global economic uncertainty—particularly surrounding China’s economic slowdown and geopolitical tensions—continues to support gold as a safe-haven asset. As of the last trading day (Friday, August 16, 2024), gold closed at $2,508.140, just above significant technical levels but within a range that could suggest a potential for both upward and downward moves depending on upcoming economic data releases. 2. Analysis by Trading Session Asian Session: • Outlook: During the Asian trading hours on August 19, gold is expected to trade cautiously. The Asian markets will open without significant economic data releases, so the price movement will likely be influenced by broader market sentiment and any overnight developments, particularly from China. Given that China’s economic data has been weaker recently, any surprise announcements could inject volatility into gold prices. • Technical Analysis: Based on Ichimoku Cloud and other indicators (e.g., Bollinger Bands and Keltner Channels), gold might hover around its recent closing price with limited upside potential in this session unless there is a significant market-moving event. European Session (London): • Key Economic Data: • HICP (Harmonised Index of Consumer Prices) YoY (July) - 09:00 AM GMT • Producer Price Index (PPI) MoM (July) - 09:00 AM GMT • Outlook: The focus will shift to Eurozone inflation data. If the HICP figures indicate higher-than-expected inflation, it could reinforce the ECB’s hawkish stance, leading to a stronger Euro and a weaker gold price in dollar terms. Conversely, lower-than-expected inflation could ease pressure on the ECB, potentially offering some support to gold as the Euro weakens. • Technical Analysis: The Ichimoku Cloud on the daily chart suggests resistance levels near the current price, but if the data is supportive of gold, a breakout above the cloud could indicate a bullish move. Conversely, failure to hold above key support levels (around $2,495) could signal a bearish trend continuation. U.S. Session (New York): • Key Economic Data: • Leading Index (July) - 2:00 PM GMT • Coincidence Index (July) - 2:00 PM GMT • Outlook: The U.S. session will be critical, with key economic indicators that could set the tone for the rest of the week. A stronger-than-expected Leading Index could further the narrative of a robust U.S. economy, putting additional pressure on gold as the dollar strengthens. Conversely, weaker data could lead to a relief rally in gold as it might dampen expectations of further aggressive Fed rate hikes. • Technical Analysis: The confluence of technical indicators, including the Ichimoku Cloud and the daily moving averages, suggests that gold could face significant resistance at the $2,520 level. A break above this could target the $2,540 range, but a failure to do so might result in a retest of the lower $2,490 support level. 3. Timing and Impact of Economic Data Releases Integrating the timing of key economic data releases with trading strategies is crucial for navigating potential market volatility: • 09:00 AM GMT: Release of Eurozone HICP and PPI data during the European session could result in increased volatility in gold prices. Traders should be cautious around this time as inflation data will likely influence market sentiment regarding ECB policies. • 2:00 PM GMT: Release of U.S. Leading and Coincidence Indexes will be critical during the New York session. The impact on gold prices could be significant, particularly if the data deviates from market expectations. Traders should prepare for potential sharp moves in gold prices around this time, particularly if the U.S. economic outlook changes. 4. Trading Strategy Recommendations For Asian Session: • Conservative Approach: Hold positions and wait for more substantial data from Europe. Tight stop-losses are recommended to protect against any unexpected news from China. For European Session: • Event-Driven Trading: Set up trades based on the inflation data release at 09:00 AM GMT. Consider using straddle options or conditional orders to take advantage of potential volatility. For U.S. Session: • Volatility Management: Given the likely market response to U.S. data at 2:00 PM GMT, consider trading with tight stop-losses or using a combination of trailing stops to capture potential upward or downward moves. 5. Conclusion August 19, 2024, is shaping up to be a critical day for gold trading, with significant economic data releases scheduled across the European and U.S. sessions. Gold prices could experience substantial volatility as traders react to inflation data from the Eurozone and economic indicators from the U.S. The integration of Ichimoku Cloud analysis suggests potential resistance and support levels that could guide trading decisions throughout the day. Adapting your strategy to these releases and being prepared for potential market shifts will be key to navigating the trading day successfully. This combined analysis offers a comprehensive outlook, balancing the bullish momentum with the potential risks of a pullback.
OANDA:XAUUSD
by ICHIMOKUontheNILE
ETC/USD: Bearish Sentiment Dominates In my latest analysis of ETC/USD on the daily time-frame, I've observed significant bearish pressure mounting as the price hovers around crucial support levels. The chart clearly illustrates a series of Elliott Waves, combined with Ichimoku Cloud analysis and volume profile, pointing towards potential outcomes in the near term. Key Observations: Wave Structure: Multiple WAVE I points have been identified, marking significant impulsive moves followed by corrections. The latest WAVE I suggests the start of another downward wave after a brief recovery attempt, which is currently being tested at lower levels. Ichimoku Cloud Analysis: The price is below the Ichimoku Cloud, signaling a bearish trend. The cloud has acted as resistance, further reinforcing the downward momentum. This bearish sentiment is likely to continue unless the price can decisively break back above the cloud, which seems challenging given the current market conditions. Price Targets: NT Target (28.86): This level was a significant target during the previous upward move, but the failure to sustain above this level indicates strong resistance and the potential for further declines. N Target (17.3): The price is approaching this key target, which could serve as a critical support level. A break below this level could open the door to even lower prices, potentially testing the V Target (11.18). V Target (11.18): This lower target would represent a significant bearish move, aligning with a continuation of the current downtrend if the market sentiment remains negative. Possible Outcome: Given the current setup: Bearish Scenario: If the price continues to decline and breaks through the N target at 17.3, we could see an accelerated move towards the V target at 11.18. This scenario aligns with the overall bearish outlook and would suggest that the bears are firmly in control. Bullish Reversal Potential: Should the price find strong support at the N target or the current level around 19.03, a reversal could be possible. However, the price would need to reclaim the NT target at 28.86 and move back into the Ichimoku Cloud to signal a potential shift in trend. Conclusion: The chart suggests that ETC/USD is under significant bearish pressure , with key support levels being tested. The failure to hold above critical targets indicates a high likelihood of further downside, particularly if the price breaks below the N target at 17.3. I will be watching closely to see how the price reacts at these levels, as they will likely determine the next significant move for ETC/USD. Traders should remain cautious and consider the broader market context when positioning themselves in this volatile environment. PJB
COINBASE:ETCUSDShort
by pbaranda
USD/JPY: Anticipating Further Downside In my latest analysis of the USD/JPY pair on the daily time-frame, I've identified a potential continuation of the bearish trend based on a combination of Elliott Wave theory, Ichimoku Cloud indicator, and volume profile analysis. Key Observations: Elliott Wave Structure: I've marked the completion of WAVE I in the past, which typically suggests that a corrective move (WAVE II) is either unfolding or has already completed. This setup could lead to the emergence of WAVE III, often the most powerful in the Elliott Wave sequence. Given the current market conditions, I'm anticipating further downside movement as part of this wave structure. Ichimoku Cloud Analysis: The price has decisively broken below the Ichimoku cloud, a strong bearish signal in Ichimoku trading strategies. The cloud has acted as resistance, and with the price now clearly below it, the bearish trend seems likely to continue. This breakdown is critical, as it aligns with the potential for further declines. Volume Profile Insights: The volume profile on the right side of the chart highlights key price levels with significant trading activity. These levels often act as strong support or resistance zones. The recent breach below a high-volume area suggests increased momentum on the downside. I’ll be watching these levels closely for potential reactions, but the current setup points to a continuation of the bearish trend. Trading Rationale: Given these technical factors, my outlook for USD/JPY remains bearish. The confluence of a completed Elliott Wave structure, the breakdown below the Ichimoku cloud, and the price moving through critical volume levels all support this perspective. I'm positioning to take advantage of this potential continuation of the downtrend, targeting key levels below as the market unfolds. As always, I'll be keeping a close eye on any signs of reversal, particularly if the price approaches major support zones or if the market sentiment shifts. PJB
Short
by pbaranda
Bullish Momentum with 65% Probability, Key Resistance at $79,830Analysis: Wave Patterns: The chart highlights two prominent "Wave I" patterns, indicating a repeated significant price movement upward, followed by corrections. These patterns are likely part of an Elliott Wave analysis, which suggests a cyclical pattern in price movements. The two Wave I instances are similar, showing a sharp rise followed by a correction, and this cycle seems to be repeating. Ichimoku Cloud: The Ichimoku Cloud is visible in the background, providing insights into support and resistance levels. Currently, the price is above the cloud, suggesting a bullish trend. The cloud ahead appears thin and slightly upward, indicating moderate support for the ongoing uptrend. Horizontal Levels: Several horizontal lines on the right-hand side mark potential HTF support and resistance levels. The nearest significant resistance level is around 79,830 USD, which the price is approaching or potentially testing. Volume Profile: The vertical bars to the right represent HTF volume at different price levels, showing strong interest around the 74,000 USD to 75,000 USD levels, suggesting that these could be strong support levels if the price retraces. Forecast and Comment: Given the current technical indicators: Bullish Scenario (Best Case): Probability: 65% Analysis: The price is currently trending above the Ichimoku cloud, which is a strong indicator of a continued uptrend. The upward movement has been supported by two consecutive "Wave I" patterns, suggesting that the current bullish momentum could lead to further gains. If the price breaks the key resistance at 79,830 USD with strong volume, the next target could be in the low 80,000 USD range, with minimal resistance above. The cloud's thinness ahead suggests that the market might not face significant selling pressure in the near term, supporting the continuation of the bullish trend. Bearish Scenario: Probability: 35% Analysis: If the price fails to break the 79,830 USD resistance level convincingly, a correction could be likely. The strong volume profile around 74,000 - 75,000 USD suggests this as a significant support zone, meaning a retracement could be halted around this level before potentially resuming the upward trend. However, given the current momentum and position above the cloud, this bearish scenario is less likely unless triggered by external market factors or a failure at the key resistance. Conclusion: The overall outlook for GOLD appears bullish, with a strong uptrend in place and the possibility of testing new highs. However, close attention should be paid to the 79,830 USD resistance level and the support around 74,000 - 75,000 USD for any potential reversals. The presence of repeated "Wave I" patterns suggests that the price could continue to oscillate within a broader upward trend. Strongest Suggestion: The strongest suggestion is a continuation of the bullish trend with a 65% probability. The technical setup favors further upside, especially if the price can break and hold above the 79,830 USD level. The presence of strong support levels below reduces the likelihood of a significant downturn, making the bullish scenario more plausible in the near term. In summary, while a correction is possible, the overall indicators point toward a higher probability of the price continuing its ascent, making the bullish scenario the strongest suggestion. PJB
TVC:GOLDLong
by pbaranda