Gold stable below 2050 USD?Welcome to a new week of promising and productive trading!
Looking back at the previous week, gold demonstrated its strength by trading predominantly in the green. It was an impressive move from the bullish side, as they not only successfully defended the key support level at $1985 but also pushed the price of gold higher from this point onwards.
However, the price of gold will react to various economic reports until there is clear information regarding a potential interest rate cut by the Fed.
Based on the current picture, it is likely that gold will retrace back to the key support level of $1983 once again. On the other hand, if a breakthrough occurs and surpasses this support level, it will quickly move towards the final Fibonacci key resistance of $1932, indicating expectations of a recovery starting from there.
Optionsstrategies
NIFTY 50 Analysis For Feb 19th!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 19th,
There Are Total of one Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And There Are 4 Imbalance Zones!
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The Nifty 50.
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
XAUUSD TODAY : How to win?Gold price is consolidating the solid recovery from the weekly low level of 2,015 USD at the beginning of the fourth day. The US dollar extends the regression from the highest level in many months, in the context of the interest rate of the US Treasury bonds and the market environment is friendly and risky, promoting gold buyers to accelerate.
According to observation on the 1H chart, gold price is facing difficulties around the $ 2,030- $ 2,035 area. The relative power index (RSI) in 14 days is trading at a neutral level at 50, showing that the gold price lacks a clear orientation.
If the recovery is successful, the strong resistance level immediately for gold price will be seen at a psychological level of 2,050 USD. The next important supply area for bright metal is seen at about 2,065 USD.
On the other hand, gold sellers need to search for decisive closing levels under $ 2,035- $ 2.030 above. Further, will check the threshold of $ 2,000 if the $ 2,010 round number makes room.
Gold price todayDear readers, at the beginning of the new trading week, gold has clearly broken out of its previous downward trend channel. Currently, the price of gold is trading at $2022, marking a 0.44% increase for the day.
However, many analysts are predicting a short-term decline in the price of gold.
On another note, after the monetary policy meeting and comments from Fed Chairman Powell, it seems likely that the Fed will maintain a "higher rates for longer" stance. As a result, the possibility of a rate cut in March has been ruled out. Powell believes that the meeting minutes could pose a risk to gold as they may reveal or reinforce the hawkish stance that the Fed is pursuing, thereby strengthening the downward momentum of gold.
Gold shows signs of potential recovery and price declineDear friends, looking at the chart in general, we can see that gold is trading relatively calmly above a high level with a sharp downward trend on the 4-hour time frame.
The EMA 34 technical indicator shows signs of a reversal in gold prices in the price decline zone, which means that the price could touch the 2050 USD level before any downward scenario occurs according to the previous downward trend of the precious metal market.
However, if a downward scenario occurs, the next target for gold could be the old support level of 2015 USD. As long as it remains stable above this level, we can speculate on a new scenario within the narrow range of this long-term market.
EURUSD: Buying strategy?Hello dear friends, Currently, EURUSD is trading at 1.0763, continuing its short-term downward trend and losing 0.2% for the day.
Currently, the US Dollar remains strong as Fed Chairman Jerome Powell delays the timing of interest rate cuts amid escalating geopolitical tensions in the Middle East.
Amidst this, geopolitical tensions continue to escalate in the Middle East, and the USD could gain further strength if risk sentiment continues to deteriorate after the opening bell on Wall Street.
The "buy on dips" trading strategy for EURUSD still remains valid as long as the significant static support level of 1.0700 is maintained, signaling a breakout from the current downtrend channel.
What do you think? Good luck with your trading!
HDFC short Bearish Target 700-800HDFC is showing bearish sign after in month of consolation seem in 6 month this share easy Touch down Trendline if 700-800
For quits trader it's time to exit if market below than this level 5% stop less from 700-800 rs easy target
For option trader -- take a PE call 1250 and every reversal book profit and enter in PE till 700-800 zone
For more chart analysis comment me in this post.
Nifty50 Very bearish - Short call - PE18000Nifty 50 is very bearish -- Next week seem mark open with 200 points gap down.
So, option trader wait for call trade entry.
Open PE21000 position for swing trading week wise.
After every swing High you short this and book profit
Don't greed price go 17800 level In 3 months
For for chart update comment me in this post.
Adani enterprises in Neutral modeThis stock in neutral mode - means neither good for selller or buyer
Advice --
For quity trader --
please trader according to my red Trendline price and sell above Trendline
-- stopp loss is mandatory if Trendline broken
For option trader -- seems market can go up 200-300 points to touch upper red Trendline
For more chart analysis comments me in this post.
Opening (IRA): XBI March 15th 84 Monied Covered Call... for an 81.63 debit.
Comments: 32.1% 30-Day IV.
My general preference for ETF IV is >35%, but there isn't much currently there in my ETF screener, and I'm already in a GDX position: TQQQ (52.3%); USO (38.1%); GDXJ (35.0%).
Buying a one lot and selling the -75 delta call against to emulate a 25 delta short put with "built-in" defense of the position via the short call.
2.37 max on BPE of 81.63; 2.90% ROC at max; 1.45% at 50% max.
NIFTY 50 Analysis For Feb 16th!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 16th,
There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area.
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The Nifty 50 For Tomorrow.
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
ABR Arbor Realty Trust Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ABR Arbor Realty Trust prior to the earnings report this week,
I would consider purchasing the 13usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $1.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NIFTY INTRADAY LEVELS FOR 15/02/2024BUY ABOVE - 21860
SL - 21810
TARGETS - 21910,21970,21010
SELL BELOW - 21770
SL - 21810
TARGETS - 21710,21640,21580
NO TRADE ZONE - 21770 to 21860
Previous Day High - 21770
Previous Day Low - 21580
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 15/02/2024BUY ABOVE - 46170
SL - 46010
TARGETS - 46300,46500,46670
SELL BELOW - 45730
SL - 46010
TARGETS - 45570,45330,45150
NO TRADE ZONE - 45730 to 46170
Previous Day High - 45730
Previous Day Low - 44950
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 14/02/2024BUY ABOVE - 45570
SL - 45450
TARGETS - 45730,46010,46200
SELL BELOW - 45330
SL - 45470
TARGETS - 45150,44950,44740
NO TRADE ZONE - 45330 to 45730
Previous Day High - 45730
Previous Day Low - 44740
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 14/02/2024BUY ABOVE - 21770
SL - 21710
TARGETS - 21810,21860,21910
SELL BELOW - 21710
SL - 21770
TARGETS - 21640,21580,21530
NO TRADE ZONE - 21710 to 21770
Previous Day High - 21770
Previous Day Low - 21580
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
ROIV - BioTech reporting 2/13 as a LONG earnings tradeRoivant Scientes, on the 15 minute chart is experiencing increase volatility and volume now two
days out from its earnings report. The MACD with zero lag shows a bullish inflection in the lines
On the daily chart, ROIV gained 38% in 2023 but has been down 4 %YTD. The volume and
volatility show both are heightened in the pre-earnings run- up. The last report in November
was a double beat which is good prognosis for the one upcomings. This is a risky earnings
play, ROIV does not yet make money. However, because it lost less than forecasted, buyer
interest has increased. The call option for 2/16 for a strike of $12.50 is priced at $ 5.00
per contract. I suspect a long trade in shares may gain to $ 11.50 targeting the double top
at the turn of the year for a projected gain upside of about 7% (with a stop loss of 2.5%).
Considering that ROIV has gained 12% this past week, 7% in the next two days is about the
same trend angle. As to the call contract, I have considered 100% return as my expections
for the two days before the earnings. If earnings disappoint trader expectations and price fades
I will sell to close the contract. If earnings is as expected, I will roll the contract forward into
the March monthly and add a bit more capital into the trade.
BANK NIFTY INTRADAY LEVELS FOR 13/02/2024BUY ABOVE - 44950
SL - 44770
TARGETS - 45150,45330,45570
SELL BELOW - 44630
SL - 44780
TARGETS - 44430,44270,44150
NO TRADE ZONE - 44630 to 44950
Previous Day High - 45730
Previous Day Low - 44630
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 13/02/2024BUY ABOVE - 21670
SL - 21620
TARGETS - 21730,21770,21810
SELL BELOW - 21580
SL - 21620
TARGETS - 21530,21470,21400
NO TRADE ZONE - 21580 to 21670
Previous Day High - 21810
Previous Day Low - 21580
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
LLY Eli Lilly Options Ahead of EarningsIf you haven`t bought LLY before the previous earnings:
Then analyzing the options chain and the chart patterns of LLY Eli Lilly prior to the earnings report this week,
I would consider purchasing the 680usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $15.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
S&P500 INTRADAY LEVELS FOR 12/02/2024BUY ABOVE - 5030
SL - 5020
TARGETS - 5045,5060+
SELL BELOW - 5015
SL - 5020
TARGETS - 5008,5000,4992
NO TRADE ZONE - 5015 to 5030
Previous Day High - 5030
Previous Day Low - 5000
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍