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Will a higher printing of PCE impair Gold bull?Macro theme: The market is anticipating that the Fed will cut rates three times this year following the release of lower CPI numbers, which have fueled optimism that inflation is under control. Investors expect rate cuts in Sep, Nov, and Dec. This outlook is quite optimistic, given that the overall state of the US economy may not be dire enough to necessitate such aggressive measures immediately. The market is also awaiting the PCE data at the end of this week to confirm the disinflation trend further. Technical theme: - From a technical perspective, after topping at 2483, Gold had a significant correction to close below both the ascending channel and key support area 2420-2440. The price established a trading range of 2384-2440 and waited for an apparent breakout. - If Gold closes above its resistance area around 2420-2440, it may retest its last swing high at 2483. - On the contrary, if Gold extends its loss to below 2384, it may decline to 2330-2350 area.
OANDA:XAUUSDShort
by DatTong
6
SWING IDEA - BAYER CROPSCIENCEBayer CropScience , a global leader in agricultural science, is exhibiting technical indicators that suggest a promising swing trading opportunity. Reasons are listed below : 6500 Resistance Breakout : The 6500 level has been a significant resistance zone. The price is now breaking out above this level, indicating strong bullish momentum. Breaking 4+ Year Consolidation Phase : The stock is breaking out of a long consolidation phase that lasted over 4 years, signaling a potential new bullish trend. Strong Bullish Marubozu Candle on Weekly Timeframe : The recent formation of a bullish marubozu candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement. Bounced Back from Golden Fibonacci Zone : The stock has bounced back from the golden Fibonacci retracement level (0.618), a key area where prices often rebound, indicating potential for an upward move. Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50-week and 200-week exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Target - 7670 // 8700 Stoploss - weekly close below 5600 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:BAYERCROPLong
by Visionary_Growth_Insights
SWING IDEA - INDRAPRASTHA GAS (IGL)Consider a compelling swing trade opportunity in Indraprastha Gas Limited (IGL) , a leading natural gas distribution company in India. Reasons are listed below : Attempt to Break Triangle Pattern : IGL is attempting to break out of a triangle pattern, indicating a potential shift in market sentiment and the beginning of a new trend. Bullish Marubozu on Daily Timeframe : The presence of a bullish Marubozu candlestick pattern on the daily timeframe signals strong buying momentum and potential upward movement. Broke Consolidation of 5 Months : IGL has broken out of a consolidation phase lasting 5 months, suggesting a breakout from range-bound trading and potential sustained upward movement. 50 and 200 EMA Support on Weekly Timeframe : The stock finds support at both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, indicating bullish momentum and potential for trend continuation. Constant Higher Highs : IGL consistently forms higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains. Target - 515 // 585 Stoploss - weekly close below 394 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:IGLLong
by Visionary_Growth_Insights
SWING IDEA - CYIENT Cyient , a global engineering and technology solutions company, is displaying technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : 1700 Support Zone : The 1700 level has been established as a strong support zone, providing a solid base for potential upward movement. Double Bottom Pattern : The formation of a double bottom pattern indicates a potential reversal from the downtrend, signaling a bullish outlook. Bullish Hammer Candle on Weekly Timeframe : The presence of a bullish hammer candle on the weekly chart suggests a reversal in sentiment from bearish to bullish, indicating strong buying pressure. Engulfed 6 Weekly Candles : A recent bullish candle has engulfed the previous 6 weekly candles, demonstrating significant buying interest and a potential shift in trend. 0.382 Fibonacci Support : The stock is finding support at the 0.382 Fibonacci retracement level, a key area where prices often bounce back, indicating potential for an upward move. 50 EMA Support : The stock is supported by the 50-week exponential moving average (EMA), reinforcing the bullish sentiment and providing a strong support level. Target - 2190 // 2460 Stoploss - weekly close below 1660 Disclaimer : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CYIENTLong
by Visionary_Growth_Insights
Gold's Next Big Move: Will XAUUSD Break Resistance or Crash? Chart 1: 4-Hour Timeframe Trend Analysis: The chart shows a clear upward trend, forming higher highs and higher lows. A wedge pattern is visible with converging trend lines indicating a potential breakout scenario. Key Levels: Support: Around 2348.248 (4hr LQZ). Resistance: Approximately 2412.240. Major Resistance: The upper trendline around 2480. Recent Price Action: The price has recently tested the lower trendline support and is currently retracing upwards. A lower high (LH) has formed around 2480, suggesting a potential reversal or consolidation phase. Potential Scenarios: Bullish: If the price breaks above the 2412 resistance, it may retest the upper trendline around 2480. Bearish: A break below the 4hr LQZ at 2348.248 could signal further downside towards the daily LQZ at 2267.320. Chart 2: 1-Hour Timeframe Trend Analysis: A shorter-term view confirming the upward trend with higher highs and higher lows. The formation of a wedge pattern indicates consolidation within a narrowing price range. Key Levels: Support: Around 2348.248 (4hr LQZ). Resistance: Approximately 2412.240, coinciding with the previous chart. Recent Price Action: Price recently bounced off the 4hr LQZ support level and is now hovering near the 2412 resistance. The lower high (LH) indicates sellers are stepping in around the 2412 level. Potential Scenarios: Bullish: Breaking and closing above 2412 could lead to further upside towards 2480. Bearish: Rejection at 2412 and a break below recent lows could target the 4hr LQZ support at 2348.248. Chart 3: 15-Minute Timeframe Trend Analysis: Short-term consolidation observed within a wedge pattern. Recent price action indicates potential for a breakout or breakdown from this pattern. Key Levels: Support: Around 2348.248 (4hr LQZ). Resistance: Approximately 2412.240. Recent Price Action: Price is consolidating just below the 2412 resistance level, forming a wedge pattern. The 15-minute timeframe shows the price struggling to break above 2412. Potential Scenarios: Bullish: A breakout above the wedge and 2412 resistance could lead to a quick move towards 2480. Bearish: A breakdown from the wedge could revisit the 4hr LQZ support at 2348.248. Conclusion The overall trend across multiple timeframes remains bullish with key resistance at 2412 and significant support at 2348.248. A break above 2412 could signal further upside towards 2480, while a failure to break and sustain above this level may lead to consolidation or a pullback to the 4hr LQZ support. Monitoring price action around these key levels will provide insights into the next directional move.
OANDA:XAUUSD
by Adlercon333
Gold will soon hit the 2500 markFundamental analysis Gold prices edged up slightly above $2,470 a troy ounce on Thursday, remaining near record highs amid growing optimism that the Federal Reserve (Fed) will cut interest rates in September. Low Interest Rates makes non-yielding assets like Gold more attractive to investors. Federal Reserve officials have expressed growing confidence that the pace of price increases is now more in line with policymakers' goals. Traders will likely keep an eye on weekly US Initial Jobless Claims and the Philly Fed Manufacturing Index on Thursday, along with a speech by the Fed's Lorie Logan. Technical analysis However, the 14-day Relative Strength Index (RSI) is positioned slightly below the 70 level, suggesting confirmation of the bullish trend but also overbought conditions for the asset. A correction can be expected in the short term. . A breakout above this 2470 level could see the pair test the old peak of 2484 and a gradual move towards the psychological level of 2500 On the downside, the Exponential Moving Average (EMA 34) on the h4 timeframe is forming two strong support levels at 2,440 which could act as immediate support, followed by the lower boundary of the ascending channel at $2,421. A break below the latter could put downward pressure on the XAU/USD pair to navigate the area around the regression support at $2,290. Support: 2450 - 2442 - 2432 Resistance: 2485 - 2495 - 2500 - 2515 - 2525 BUY zone 2442 - 2440 stoploss 2436 BUY zone 2432 - 2430 stoploss 2426 SELL zone 2485 stoploss 2490 SELL zone 2500 stoploss 2500
OANDA:XAUUSD
by TVS-Trader
GOLD analysis week 30Fundamental analysis Throughout the weekend, gold prices fell due to the strength of the US Dollar and profit-taking activities in the market. This week, the gold market ended up in a key price position again, testing key support at the initial price of $2,400/ounce. Earlier, gold prices hit a record high this week on growing expectations that the Federal Reserve will cut interest rates in September. Currently, gold prices are closely aligned with interest rate expectations and gold's climb to record highs also coincides with expectations that the Federal Reserve will begin its easing cycle in September. According to CME Group's FedWatch tool, the market is pricing in a more than 98.1% chance that the Fed will cut interest rates in September, increasing the appeal of non-interest-bearing assets such as Gold. The only risk that could reverse gold's uptrend is a surprise increase in inflation, making investors doubt the possibility of interest rate cuts. However, recent data along with comments from the Fed suggest that the likelihood of inflation suddenly reaching the Fed's 2% target is very low. Investors will have to wait until Friday for information on the June core Personal Consumer Expenditure Price Index (PCE). Last month, the Fed's preferred gauge of inflation showed a 2.6% increase. Besides inflation data, the market will also focus on US GDP data. In terms of central bank activity, the Bank of Canada will announce its monetary policy decision on Wednesday, with economists believing that weaker inflation data will pave the way for the central bank to cut interest rates. capacity. Technical analysis Gold prices showed that after reaching an all-time high last week, gold corrected downward for three consecutive sessions and ended the week at a key support point, the initial price of $2,400. This $2,400 level is not only a base price but also a horizontal support and short-term trendline. While gold continues to sell below its initial price of $2,400, it is at risk of a deeper decline with the next target being the 34 moving average on the daily time frame. However, with a close at $2,400, the technical uptrend has not yet reversed. Meanwhile, the long-term trend of gold is still completely towards the possibility of price increase. As long as gold remains above the 2398 EMA, pullbacks should only be considered corrective moves, profit-taking activities in the market that do not change the main trend. Notable technical levels are listed as follows: Support: 2392 - 2382 - 2371 - 2360 - 2352 Resistance: 2406 - 2420 - 2427 - 2436 - 2450 - 2467
OANDA:XAUUSD
by TVS-Trader
DOGE/USDT ELLIOT PRICE ACTIONHi guys, this is my overview for DOGE/USDT, feel free to check it and write your feedback in the comments👊 Some days ago, the price entered a falling channel, where it at once broke $0.10 level and fell to the support line. Next, the price bounced from this line and soon broke the $0.10 level again and made the false breakout with the Dragon Fly candlestick Sometime later, the price traded near the $ 0.011 level, and a not long time ago broke it, after which rose to the resistance line of the channel. Possibly, the price can Reach to a new high in about 100 days If this post is useful to you, you can support me with a like/boost and advice in the comments❤️
Long
by Wave3Hunter
Learn How to Apply Top-Down Multiple Time Frame Analysis In this article, we will discuss how to apply Multiple Time Frame Analysis in trading . I will teach you how to apply different time frames and will share with you some useful tips and example of a real trade that I take with Top-Down Analysis strategy. Firstly, let's briefly define the classification of time frames that we will discuss: There are 3 main categories of time frames: 1️⃣ Higher time frames 2️⃣ Trading time frames 3️⃣ Lower time frames Higher Time Frames Analysis 1️⃣ Higher time frames are used for identification of the market trend and global picture. Weekly and daily time frames belong to this category. The analysis of these time frames is the most important . On these time frames, we make predictions and forecast the future direction of the market with trend analysis and we identify the levels , the areas from where we will trade our predictions with structure analysis . Above is the example of a daily time frame analysis on NZDCAD. We see that the market is trading in a strong bullish trend. I underlined important support and resistance levels. The supports will provide the safest zones to buy the market from anticipating a bullish trend continuation. Trading Time Frames 2️⃣ Trading time frames are the time frames where the positions are opened . The analysis of these time frames initiates only after the market reaches the underlined trading levels, the areas on higher time frames. My trading time frames are 4h/1h. There I am looking for a confirmation of the strength of the structures that I spotted on higher time frames. There are multiple ways to confirm that. My confirmations are the reversal price action patterns. Once the confirmation is spotted, the position is opened. Analyzing the reaction of the price to Support 1 on 1H time frame on NZDCAD pair, I spotted a strong bullish confirmation - a triple bottom formation. A long position is opened on a retest of a broken neckline. Lower Time Frames 3️⃣ Lower time frames are 30/15 minutes charts. Even though these time frames are NOT applied for trading, occasionally they provide some extra clues . Also, these time frames can be applied by riskier traders for opening trading positions before the confirmation is spotted on trading time frames. Before the price broke a neckline of a triple bottom formation on an hourly time frame on NZDCAD, it broke a resistance line of a symmetrical triangle formation on 15 minutes time frame. It was an earlier and riskier confirmation to buy. Learn to apply these 3 categories of time frames in a combination. Start your analysis with the highest time frame and steadily go lower, identifying more and more clues. You will be impressed how efficient that strategy is.
OANDA:XAUUSDEducation
by VasilyTrader
17
GBPUSD Medium cycle GBPUSD was in the bullish channel and now its broken that and its on a supportive level. According to my last idea, i said if its hunt the channel sooner that we expected its show the bearish trend power. Then the bullish channel broke. but now the price on a supportive level and i think the trend can reversal. also the DXY confirm that because its in a resistance level. its show dollar will be weak. Its just my personal comment please don't trade whit this. I have no responsibility for your money.
Long
by Arco-ir
XAUUSD | Bearish Divergence Currently, XAUUSD (Gold) is in an uptrend, making new higher highs and higher lows, and moving within a parallel channel supported by its trendline. Additionally, fundamental factors are pushing gold to make new higher highs. However, on the 1-hour time frame, there is a hidden bearish divergence, indicating a potential trend change to a downtrend. This suggests that soon, new lower highs (LH) and lower lows (LL) may form, and we can expect the price to test the trendline. In summary: Uptrend : Gold is making higher highs and higher lows and moving within a parallel channel supported by a trendline. Fundamentals : Supporting the uptrend and pushing gold to new highs. Hidden Bearish Divergence : On the 1-hour time frame, indicating a potential trend change to a downtrend. Expectation : Potential formation of lower highs and lower lows, with the price possibly testing the trendline. These signals suggest that while gold is currently in an uptrend, there are signs of a possible reversal. It is important to monitor these indicators and conduct further analysis before making trading decisions.
FOREXCOM:XAUUSDShort
by awaisulabdeen
1
How much will gold continue to rise?☘️Fundamental analysis Gold prices (XAU/USD) trimmed gains after hitting a fresh record high around $2,482-$2,483 during the Asian session on Wednesday and are now trading near the lower end of their daily range . The pullback lacks any clear fundamental catalysts and is likely to remain cushioned amid dovish Federal Reserve (Fed) expectations. Investors now appear to believe that the US central bank will begin an interest rate cutting cycle in September, which has sent US Treasury yields falling to near multi-month lows. This has not helped the US Dollar (USD) register any meaningful recovery from the more than three-month low it hit earlier this week and will continue to act as a driving force behind Gold prices. yield. Therefore, any subsequent price slippage could still be seen as a buying opportunity. Traders are now looking to US Industrial Production figures for near-term momentum. ☘️Technical analysis: The continuous breakout through the $2,450 supply zone has left gold with no clear resistance area above. Any further upside move will most likely encounter some resistance and stop near the psychological $2,500 mark. On the other hand, any meaningful slide below the $2,450 zone could now be seen as a buying opportunity and the next cap is near the $2,445-2,425 resistance, which has now turned into support. However, a convincing break below the latter could prompt some technical selling and drag Gold prices down to the $2,400 mark. The possibility of 2400 in the current context is unlikely because world economic and political factors are still supporting Gold. Support: 2450 - 2442 - 2426 - 2418 Resistance: 2500 BUY zone 2451 - 2449 stoploss 2445 BUY zone 2442 - 2440 stoploss 2336 SELL zone 2500 Stoploss 2505
OANDA:XAUUSD
by TVS-Trader
SWING IDEA - ELECON ENGINEERINGConsider a promising swing trade opportunity in Elecon Engineering Company Limited , a leading provider of power transmission solutions, material handling equipment, and engineering services. Reasons are listed below : Decisive Breakout of Resistance : The price level of 1120, previously a strong resistance, has been decisively broken, indicating potential bullish momentum. Bullish Engulfing Candle on Weekly Timeframe : The presence of a bullish engulfing candlestick pattern on the weekly timeframe suggests strong buying momentum and potential upward movement. Breakout Above All-Time High : Elecon Engineering has broken above its all-time high, indicating strong bullish sentiment and potential for further gains. 0.382 Fibonacci Support : Finding support at the 0.382 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement. Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, confirming its bullish bias and potential for trend continuation. Volume Spike : A significant spike in trading volumes reflects increased market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Elecon Engineering. Target - 1420 StopLoss - weekly close below 970 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:ELECONLong
by Visionary_Growth_Insights
6
SWING IDEA - SUNTECK REALTYSunteck Realty , a prominent real estate development company, is showing technical indicators for a potential swing trading opportunity. Reason are listed below : Multiple Tests at 500 Zone : The 500 level has been tested multiple times, indicating strong resistance. The price is now attempting to break through this level, suggesting strong bullish momentum. Breaking 5+ Year Consolidation Zone : The stock is breaking out of a long consolidation phase that lasted over 5 years, signaling a potential new bullish trend. 50 and 200 EMA Support on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels. Trading Near All-Time High : The stock is trading near its all-time high, indicating strong market confidence and potential for further gains. Steady Price Action : The stock has shown steady upward movement, indicating controlled and sustained buying interest. Increased Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 590 // 780 Stoploss - weekly close below 430 Disclaimer : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:SUNTECKLong
by Visionary_Growth_Insights
SWING IDEA - HBL POWER SYSTEMSHBL Power Systems , a leading battery and power systems manufacturer, is exhibiting technical signals that suggest a promising swing trading opportunity. Reasons are listed below : Break of Symmetrical Triangle Pattern : The price has broken out of a symmetrical triangle pattern, indicating a potential bullish trend continuation. Bullish Engulfing Candle on Weekly Timeframe : The recent formation of a bullish engulfing candle on the weekly chart suggests strong buying pressure and the potential for further upward movement. Closed Above 560 Resistance : The stock has closed above the 560 level, which was a crucial resistance zone, indicating strong bullish momentum. Higher Highs : The stock is consistently making higher highs, reinforcing the strength of the upward trend. Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50-week and 200-week exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Target - 655 // 755 Stoploss - weekly close below 495 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:HBLPOWERLong
by Visionary_Growth_Insights
GBPUSD Medium cycleGBPUSD is in a bullish channel. its have 2 hunts to this channel lines. i think normal time for third hunt is at next 22 bars in 1.29840 price. now if its hunt sooner its show that the power of bearish trend increasing. and if its hunt later show that the bullish trend power is increasing. why do i thinks so ? because i compare that whit its last hunt. also the DXY had strong bearish trend and its resting now. i think the bearish trend can continuo. Its just my personal comment please don't trade whit this. I have no responsibility for your money.
Long
by Arco-ir