Gold Price Analysis September 25Fundamental Analysis
Gold rose to a fresh record high of $2,670 an ounce on Wednesday after a surprise drop in U.S. consumer confidence data on Tuesday raised expectations of more aggressive policy easing and deeper interest rate cuts from the Federal Reserve.
Lower interest rates are good for gold because they reduce the opportunity cost of holding non-interest-bearing assets, making it more attractive to investors.
The People's Bank of China's biggest stimulus move since the Covid pandemic announced on Tuesday, which included steep cuts in borrowing costs as part of a package of measures to revive the slumping economy, also supported gold prices.
Escalating tensions in the Middle East after Israel resumed bombing Hezbollah targets in Lebanon further boosted safe-haven flows into the yellow metal.
Technical Analysis
Gold is sideways in a narrow range and waiting for clear buying and selling forces at the support level of 2650 to see how the price reacts when the US session enters. If it cannot break through 2650, a new ATH can be established today. Pay attention to the resistance zones at the top of 2670-2680 and see the price reaction in this zone to SELL. Important support is at the 2640 zone
Trading signals
BUY GOLD zone 2650 SL 2645
BUY GOLD zone 2640 SL 2635
SELL GOLD zone 2670 SL 2675
SELL GOLD zone 2680 SL 2685
Priceactionanalysis
#NIFTY Intraday Support and Resistance Levels - 25/09/2024Flat opening expected in nifty. After opening it will face strong resistance in between zone of 25950-26000 level. Strong upside bullish rally expected in case nifty starts trading above 26000 level. Downside 25800 level will act as an important support for today's session. Any major downside only expected below this support level.
UsdJpy moving down on retracement.Looking for Impulse Down.
UsdJpy break out TL and will start to move down soon on retracement. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
#NIFTY Intraday Support and Resistance Levels - 24/09/2024Today nifty will open near 25950 level. After opening it will face strong resistance in between zone of 25950-26000 level. Strong upside bullish rally expected in case nifty starts trading above 26000 level. Downside 25800 level will act as an important support for today's session. Any major downside only expected below this support level.
XAUUSD : WAITINGThe price of gold is rising every ten years.
2000 ATH in 2011;
2020 ATH in 2074;
2023 ATH in 25XX
If level 2543-46 is rejected, I plan to long USD until the US election around 2413.75 & 2277.17, and then hunt for opportunities to buy gold.
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
GBPUSD : SWING TRADE IDEA
I want to go long USD starting around 1.3380 and 1.34590, fundamentally similar to the eurusd fed cut last week.
1.25925 is my first aim.
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
EURUSD : SWING TRADE IDEAI plan to go long USD starting at level 1.11601 with a stop loss at 1.2050 following last week's Fed cut.
My first target level is 1.08762.
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
Breakout Strategy: Swing Trade Opportunity with Price Action.This swing trade idea focuses on breakout setups, using price action to identify key levels. When price breaks through support or resistance, it signals a potential trend continuation. The strategy aims to capitalize on momentum after the breakout, with clearly defined entry, stop-loss, and target levels for effective risk management.
stock name: VIPIND
#NIFTY Intraday Support and Resistance Levels - 23/09/2024Today nifty will open gap up near 25950 level. After opening it will face strong resistance in between zone of 25950-26000 level. Strong upside bullish rally expected in case nifty starts trading above 26000 level. Downside 25800 level will act as an important support for today's session. Any major downside only expected below this support level.
BTC Let's wait for the breakout at 64-65k range. LOOKING GOOD !First of all, I want to be very clear that all the checkmarks are the predictions we have been making over these past few months. Each checkmark is a confirmation that the price moved on our side.
To verify this, you can visit my Trading View page and check my analysis history, which I’ve shared with you every weekend.
Now, let's get into the Bitcoin analysis:
If we look at the overall structure of BTC, it is simply a descending range, but if we zoom in, the inefficiency zone has always been an important trigger for Bitcoin's structure, even when bearish. What I mean is that every time it touches the inefficiency zone, Bitcoin surges upward strongly. If you look closely, the largest bullish candles appear in the inefficiency zone. It is also where a head-and-shoulders pattern was formed, but when it touched a demand zone, the price shot up like foam, just as we had predicted.
It’s simple... If we can see the overall structure, we have a very important 'KEY ENTRY POINT' (KEP) on the bottom left side to consider, and that same 'KEP' is the area Bitcoin has been respecting frequently.
So, we can conclude in this analysis that, as Bitcoin has respected the entire bearish sequence of our trend channel 1, 2, 3, and 4, point #5 was key for retesting our 'KEP' at position #6 and then surging strongly to the inefficiency zone, resulting in a small natural pullback to accelerate the price and almost hit our resistance point #7.
But what will happen now?
NOTE: If there’s no breakout, there’s no party!
I’ll present you with two scenarios (Bearish and Bullish) that Bitcoin may follow this week:
Bearish Scenario: If there is no breakout, there’s no party! The price will simply validate our point #7, reject it, and continue the bearish sequence of the channel. We can distinguish this based on the volume and the strength of the candle (keep a close eye on that).
Bullish Scenario: The price is about to validate point #7. If starting on Monday, we begin to see strong bullish volumes in Bitcoin, you can be certain that Bitcoin will break the channel. Consequently, we could see a new high after the breakout, followed by a pullback that returns to what was the channel's resistance (now support), and from there, a structural breakout or a new high.
I call this pattern N3.
The simple fact that the price breaks out and the full candle is outside of my channel, I consider it a genuine breakout.
So let’s hope it happens this week.
Regards, and thanks for supporting my analysis!"
SHIBUSDT PERPETUAL is now moving in uptrend!SHIBUSDT PERPETUAL is now moving in uptrend!
RESISTANCE is between 0.000014648 and 0.000014414
SUPPORT is between 0.000013153 and 0.000012713
RESISTANCE IS broken and price coming for retest.
ENTRY POINT :- 0.000014638
TAKE PROFIT :- 0.000015350
STOP LOSS :- 0.000014170
GOOGLE THis is what i call SOLID DESICION !! Finally, Google breaks the bearish channel! And we are still at an excellent buying price!
If you're in for the long term with Google:
This is what we call a SOLID DECISION! Despite the recent bad news Google has faced, like lawsuits and other security issues, fundamentally, Google has always shown strength: 0 debt, solid sales and earnings, and, best of all, it’s an innovative company. With an intrinsic value of $180 per share, it’s definitely a long-term buy.
My advice always: forget the news; the numbers speak for themselves! One of the most solid financial statements in the market at a great price.
Now, let's move on to the technical analysis of Google:
Finally, Google breaks the bearish channel with great strength, after respecting our inflection zone (blue zone). As you can see, the price has respected this zone significantly. I’ve been analyzing Google and its rebounds in this zone for months, and we've been forecasting each movement based on the buyer pressure volume when touching this critical area.
In this case, I’ve drawn a vertical line, indicating we're getting closer to Google’s next earnings report. In my opinion, the price will pull back around the $187-$168 range before continuing its bullish trend.
Remember, as Google’s earnings report approaches, we’ll likely see a significant price increase.
Key point: This earnings report will be crucial for Google to move closer to $191, obviously if the report is favorable, but let’s not get ahead of ourselves. First, we want it to pass the point of interest around $168.
Let’s see what Google has in store for us this week...
Thank you very much for supporting my analysis!
SPY LOVERS ! NEW ALL TIME HIGHS But be very careful ! Check hereFINALLY HERE ! NEW ALL TIME HIGHS !
But wait!!! do you really Trust those 2 last Dojis ?
Here are 2 quick scenarios to analyze for the week:
Scenario #1 (Green Line): The price may pull back to bounce off the order block zone I have marked in white, which we know as the institutional block where there was a lot of liquidity.
I call this pattern in my trading system "N3" as it consists of 1 breakout + 1 pullback + 1 trend decision.
Scenario #2 (Red Line): Always considering our active order block zone, the price may break through the block with strong momentum, confirming another pullback or bearish market for several days. In this case, AGAIN, the price could fall back to our buyer pressure zone (blue zone), where higher buying pressure volume has been shown. NOTE: All of this depends on the bearish strength the market carries; we can tell if the market will break downward by simply observing bearish volumetric candles or seeing a lot of active bearish volume.
But for now, we can't do anything as long as the price remains within our bullish channel, which we'll keep monitoring throughout the week!
The decision will become very clear once the price makes the choice to break out of my bullish channel.
Best regards, and a million thanks for supporting my analysis!
EURUSD week 39 analysis🌐Fundamental Analysis
EUR/USD faced selling pressure above 1.1150 during North American trading hours on Friday. The major currency pair fell as the US dollar (USD) recovered. The US Dollar Index (DXY), which measures the greenback's value against six major currencies, rebounded sharply to near 101.00
However, the overall outlook for the US dollar remains uncertain, following the Fed's aggressive rate cut and growing market expectations that the US central bank will continue its aggressive policy easing cycle. The Fed cut interest rates by 50 basis points (bps) as policymakers appeared to focus on restoring strength in the labour market as inflation eases to the bank's 2% target.
In terms of interest rate guidance, Fed policymakers see the federal funds rate heading towards 4.4% by year-end, according to the latest dot plot. However, traders expect a further 75 bps cut to 4.00%-4.25%, according to the CME FedWatch tool.
🕯Technical Analysis
The EURUSD uptrend has seen some minor corrections but the buying pressure remains strong, so the immediate price range the pair faces next week is around 1.222 and 1.112. The highest measured Fibonacci extension of 1.618 will be around 1.126 and a retracement of the strategic support zone of 1.108 will keep the pair from a long slide.
📈📉Trading Signals
SELL EURUSD zone 1.126-1.128 Stoploss 1.130
BUY EURUSD zone 1.112-1.110 Stoploss 1.108
SWING IDEA - JAMMU AND KASHMIR BANKJ&K Bank is currently showing several technical indicators that suggest a potential swing trade opportunity.
Reasons are listed below :
105 Zone as Strong Support : The 105 level has proven to be a significant support zone, providing a strong foundation for potential upward movement.
Bullish Engulfing Candle : A bullish engulfing candle that engulfed 29 daily candles has formed, indicating strong buying pressure and a potential reversal of the recent downtrend.
Sudden Spike in Volume : A noticeable increase in trading volumes confirms the strength of the price move, suggesting strong investor interest and participation.
0.5 Fibonacci Support : The price is bouncing off the 0.5 Fibonacci retracement level, suggesting a healthy pullback and resumption of the uptrend.
Target - 135 // 150
Stoploss - Daily close below 104
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@visionary.growth.insights
SOLANA PERPETUAL (SOLUSDT.P) TRADE IDEA – UPTRENDSOLANA PERPETUAL (SOL-PERP) TRADE IDEA – UPTREND WITH KEY LEVELS TO WATCH
Solana Perpetual is showing a strong uptrend, and we’re closely monitoring key resistance and support zones for potential trade opportunities.
ENTRY POINTS :- 147.220
TAKE PROFITS :- 178.38
STOP LOSS :- 128.18
Key Levels:
Resistance Zone : Between 178.5 and 191.6
If Solana can break through this resistance range, it could signal further upside momentum with potential for new highs.
Support Zone : Between 121.7 and 133.9
On the downside, watch for price action near this support zone. A bounce from here could present a buying opportunity if the trend holds.
Market Outlook:
The current uptrend shows strength, but traders should keep an eye on price reactions at these key levels. A break above resistance could lead to a significant rally, while any pullback to support may offer a buying opportunity.
Trading Signals September 20Fundamental Analysis
Bullish gold extended gains after recording losses on Wednesday following the Fed decision. Officials sided with the larger of the two cuts expected by Wall Street, justifying their decision by pointing to inflation progressing steadily toward the Fed’s 2% target. Fed Chairman Jerome Powell stressed that the Fed could maintain labor strength by adjusting policy.
Meanwhile, US employment data is in focus after Powell’s speech at Jackson Hole, in which he shifted focus to achieving the maximum employment mandate. On Thursday, the US Department of Labor revealed that the number of people filing for unemployment benefits was lower than expected, indicating strength in the labor market.
Meanwhile, US Treasury yields followed in Gold’s footsteps, with the benchmark 10-year Treasury yielding 3.74%, up three and a half basis points. However, this did not support the greenback, according to the US Dollar Index (DXY), which fell 0.31% to 100.62.
Technical Analysis
The price zone to watch in today's European session is 2610 new ATH peak. If the price fails to break this zone in the middle of the European session, Gold can be sold to the breakout zone when the European session is 2600-2595. When the US session fails to break the 2595 zone, BUY again and continue to hold long-term combined with the old BUY signals in the 254x 247x zone of the previous days, we have a long-term BUY signal up to 27xx
Trading signal
Breakout upper boundary: 2593 - 2600 -2605 - 2615
Upper resistance: 2593 - 2600 -2605 - 2615
Breakout lower boundary: 2580 - 2572 - 2565 - 2557 - 2550
Support: 2580 - 2572 - 2565 - 2557 - 2550
SELL 2613 - 2615. Stoploss 2619
BUY 2580 - 2578. Stoploss 2574
BUY 2567 - 2565. Stoploss 2561
Bullish Flag Pattern Breakout in EICHERMOTStock Name: EICHERMOT
Timeframe: 1 Hour
The chart shows the formation of a Bullish Flag Pattern, indicating a continuation of the previous uptrend.
Key elements are:
Flag Pole: The initial strong upward move, forming the base of the bullish pattern.
Flag Resistance: The upper boundary of the flag pattern, highlighting the short-term consolidation.
Flag Support: The lower boundary of the flag, providing support during the consolidation phase.
Targets:
Initial Target: 5010+ (marked as the first breakout target)
Target 2: 5080+
Final Projected Target: 5150+
Stop Loss: Below 4850
If the price sustains above the breakout level, the bullish rally could continue, with potential to hit the projected targets. Conversely, any downside risk exists if the price falls below 4850, triggering the stop loss.
#NIFTY Intraday Support and Resistance Levels - 20/09/2024Nifty is expected to open with a gap-up near the 25500 level. If, after opening, it starts trading and sustains above the 25500 mark, we may see a strong upside rally toward the 25700 level during today's session. On the flip side, significant downside movement is likely only if Nifty drops below the 25450 level, which could trigger bearish pressure
[INTRADAY] #BANKNIFTY PE & CE Levels(20/09/2024)Bank Nifty is expected to open with a gap-up today. If Bank Nifty manages to sustain above the 53050 level after opening, we could witness an upward rally toward the 53450 mark. If it breaks the 53550 resistance level, this upward momentum could extend by an additional 400-500 points. However, any potential downside movement is likely only if Bank Nifty falls below the 52950 level, which could signal bearish pressure.
Gold Analysis September 19Fundamental Analysis
Gold prices regained positive momentum after yesterday’s pullback from an all-time high and continued their steady intraday gains heading into Thursday’s European session. The US dollar (USD) saw an intraday reversal from a one-week high and now appears to have stalled its recovery from its lowest since July 2023 hit the previous day. This, coupled with concerns over a recession in the United States (US) and China, along with the risk of further escalation in tensions in the Middle East, prompted some safe-haven flows into the precious metal.
With Thursday’s positive move, Gold now appears to have snapped a two-day losing streak, although the possibility of more aggressive easing by the Federal Reserve (Fed) could limit any further gains. In fact, the US central bank decided to start its policy easing cycle by cutting borrowing costs by 50 basis points on Wednesday. However, the Fed has lowered market expectations for excessive rate cuts in the future. This still supports a modest increase in US Treasury yields, which could limit the USD's losses and limit the gains of the non-yielding yellow metal.
Technical analysis
Gold has recovered very strongly from the Fibonacci retracement level of 2547-2545. At the moment, we need to understand what it wants each session and how it pushes the price. So Gold can absolutely continue to push higher in 3 sessions when Asia and Europe have not had any significant declines. The important price zone is 2588. If this zone breaks when the US enters, do not sell and wait for 2600 SELL to react. It is easy to have a false break, so the beautiful BUY point in the area I determined yesterday at 254x will be held until 263x. Today is a difficult day to trade. If the US session at 19:30 cannot break the 2588 area, it is possible to SELL to the destination area at 2565 - 2545
SELL attention zone 2588-2600-2612-2618
BUY attention zone 2565-2545