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GOLD slight recovery for the long uptrendGold prices extended gains near $2,360 on Monday during the first hour of trading in Asia. Rising geopolitical tensions in the Middle East boost safe-haven flows and benefit precious metals. Gold prices traded positively during the day. The yellow metal kept the bullish trend intact as it held above the key 100-day Exponential Moving Average (EMA) on the daily timeframe. In the short term, XAU/USD climbed above the descending trend channel that formed in mid-April, with the 14-day Relative Strength Index (RSI) sitting in a bullish zone around 67.50, supporting buyers in current time. If gold bulls enter the psychological $2,400 mark, the yellow metal could see a rally to all-time highs near $2,432, en route to $2,500. Gold price is trying to break the 2375 level to reach the round port of 2,300 USD. Support: 2350 - 2340- 2332 - 2327 - 2316 Resistance: 2378 - 2391 -2400 - 2408- 2417 Breakout: Sell 2346 - Buy 2379 SELL zone 2391 - 2393 stop 2396 BUY zone 2330 - 2328 stop 2324
OANDA:XAUUSD
by TVS-Trader
Gold back to 2400?Gold prices continued their uptrend on Thursday and rose more than 1% as US Treasury yields fell, reducing the greenback's appeal. Labor market data from the United States was weaker, increasing the chances of an interest rate cut by the Federal Reserve despite facing inflationary pressures. XAU/USD's daily chart shows it has slowed its recovery around the slightly elevated 20 Simple Moving Average (SMA), at around $2,345. Longer moving averages maintain their upward slope well below current levels, while technical indicators remain below midlines with no clear directional strength. Overall, Gold extends its consolidation phase ahead of a suitable directional catalyst. Looking ahead and according to the 4-hour chart, XAU/USD is neutral. The pair met with intraday buyers around the bullish 200 SMA but failed to extend gains beyond the slightly bearish 100 SMA. Finally, technical indicators remained unchanged at positive levels, showing that bulls are more willing to jump in. The resistance zone at 2375 is currently expected by investors to be able to reduce the increase throughout today. The price range of 2375 and 2352 will be the trading range in today's US session. If the recovery level is nice enough, gold's destination will return to around 2400 soon. SELL zone 2375-2377 SL 2380 BUY zone 2353-2351 SL 2348
OANDA:XAUUSD
by TVS-Trader
Break Down a Trading Session and Price Action Taking NotesIn the short video I show the price action from a session on the DOW JONES and the key price action that I see important for my daytrading. This is a process I do each day to improve my trading and it helps to solidify in my mind what I want to see in the setups. You will have to pause the video to read the notes but please enjoy. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
CBOT_MINI:YM1!
by TradeTheStructure
SWING IDEA - RAMKRISHNA FORGINSConsider a compelling swing trade opportunity in Ramkrishna Forgings Limited , a leading manufacturer of automotive components in India, catering to both domestic and international markets. Testing Strong Resistance Zone : The price range of 750-770 has been tested multiple times and is currently attempting to breach it, indicating potential bullish momentum. Bullish Engulfing Patterns : Bullish engulfing candlestick patterns observed on both the weekly and daily timeframes signal strong buying momentum and potential upward movement. Trading at All-Time High : Ramkrishna Forgings is currently trading at its all-time high, indicating strong bullish sentiment and potential for further gains. Trading Above 50 and 200 EMA : The stock is trading above both the 50 and 200 Exponential Moving Averages (EMA) on the daily 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 Ramkrishna Forgings. Target - 860 // 945 Stoploss - daily close below 700 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:RKFORGELong
by Visionary_Growth_Insights
4
A Winning Trade ExplainedIn the video I explain my approach to the market and how I use 'trade sizing' to manage my risk in the initial part of the US session. I walk through the price action for the NASDAQ and why I traded short and then flipped long. I explain the concept of sizing with regards to trade management and then how I 'SIZE UP' when I have conviction to end with a profitable session. ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
CME_MINI:NQ1!Education
by TradeTheStructure
1
GBPJPY Continuation short after messy PAVery messy PA in multiple the Yen pairs. Considering HTF; most of the Yen pairs reached a VA or ATH and impulsively turned around. Assuming the BOJ intervened at least twice, but the market did not yet follow through yet. The overall situation is still undecided, with fundamentals not supporting an immediate strengthening in the Yen. However Positioning is prime for a selloff in the Yen pairs. Since PA is still considered 'messy' I am waiting for a clear confirmation in form of a H1 continuation flag before setting an EO. This setup applies to multiple Yen pairs. Patience is key, once again. *********** Glossary: VA – Value Area Liq.P – Liquidity Point BO – Break-Out EO – Entry Order H1 – Hourly Time-frame M15 – 15min Time-frame LTF – Lower Time-frame HTF – Higher Time-frame Magenta horizontal Ray – Area of Interest Magenta rectangle – Gap / Area of Significance Green Path – Preferable PA Orange Path – Acceptable PA ***********
Short
by kalganid
XAUUSD | GOLDSPOT | New perspective | follow-up detailsLast week, Gold attempted to extend its decline as the USD gained strength following the release of the United States annual core Personal Consumption Expenditure Price Index (PCE) data for March. This data exceeded expectations, with the annual underlying inflation rate accelerating to 2.7% from the projected 2.6%, albeit slower than the 2.8% recorded in February. The robust inflation figures dampened Gold's attractiveness as they dampened expectations for Federal Reserve (Fed) rate cuts in the upcoming September monetary policy meeting. Traders responded by scaling back their bets on Fed rate cuts, influenced by the persistently high GDP Price Index, which surged to 3.1% from the previous 1.7%. According to the CME Fedwatch tool, the probability of a rate cut in September now stands at 59%, down from 69% just a week ago. Given these developments, the outlook for Gold in the coming week remains uncertain, especially with several high-impact events on the horizon. How will Gold prices fare amidst these significant economic indicators? XAUUSD Technical Overview: In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities. Our focus for the upcoming week centres around the $2,350 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,350 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment. #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
1
Green Arrow. Red Arrow. Which Will It Be?As I see it we now have two more likely options regarding price trajectory for Bitcoin. Let's first review what has occurred in the past few days. After 9 hits on our multi-year support, we finally broke WITH confirmation. That last part was important. I had stated that if we break and confirm, our first target down would become that first purple ascending trend line. Nailed it! Couldn't have been more precise. Yesterday, I then stated we should bounce and hit our heads on that 59.3k level. Boom. Done. Now, as I see it, Bitcoin has two most probable options to follow in terms of price. These options are represented by the green arrow and the red arrow. If we break back above that 59.3k level, the green arrow is in play and we'll likely travel sideways for a couple of weeks/months. This will be very boring for Bitcoin trades but it could indicate some relief for altcoins. At that point, I would expect quite a few of the best to spring to life and start pumping again. The red arrow is our other option, and honestly, this is currently the direction I am leaning toward until DXY, VIX, GLD, SPY, and NVDA tell me something different. DXY, VIX, and GLD continuing upwards would push stocks and SPY/NVDA down. BTC would likely follow. And though ALTS remains relatively stable at the moment, a move like this could bury some of the more risky. Keep those stops in place as it could get ugly. Thus far, my thesis on ALTS stands correct and our double-bottom has held and is holding for many. But, if that support breaks, ALTS would be in trouble. As always, I'll keep you up to date on the altcoin charts (often via the weekend update) here as well. Also, for my paid subscribers, know that we hit our level down and I have bought more of our best-performing altcoin. Check the trade tracker below to see the details.
INDEX:BTCUSDShort
by stewdamus
Downside Participation - AUD/USD Buy Now, Sell laterHi Traders, Based on my Weekly Trade planning session, we have seen an indication that the USD is strengthening again. The AUD/USD has broken down two consecutive structures (Downside Participation), a clear indication that the trend is resuming to the downside. However, immediately after participation, the traders will demand a discount. The simple reason is; that the price is too low and doesn't represent a good value. If the request is successful, the price will rally to the last structure without breaking the high that created the Downside participation. This is the scenario that is currently happening in the AUD/USD. This is a low-risk trade; Stop Loss:0.6464, profit target: 0.6537.
Long
by Charts247TradingAcademy
2