Gold Price Analysis November 28Gold is trading near the resistance zone of 2650, this zone becomes the key zone for today's trading day. If before the US session, gold cannot break this zone, the gold trend will continue to fall to important support zones. Pay attention to the support zones of 2638, 2621-2613, 2605 to have the best trading strategies when the price falls to that zone. In the opposite direction, the 2650 zone is broken, gold will return to the uptrend. If gold closes the daily candle above 2658, it is determined that gold is ready to return to the uptrend and head to 2700 soon. Wish you successful trading.
Priceactionanalysis
#NIFTY Intraday Support and Resistance Levels - 28/11/2024Flat opening expected in nifty. Expected opening near 24300 level. After opening if nifty gives breakout of 24350 level then only expected strong upside bullish rally upto 24550 level. Downside 24050 level will act as an important support for index. Any major downside rally only expected below this level.
[INTRADAY] #BANKNIFTY PE & CE Levels(28/11/2024)Today will be flat opening expected in banknifty. Currently banknifty consolidating in range of in between 52050-52450 level. Any major rally only expected breakout of this zone. Strong bullish rally expected if banknifty gives breakout and starts trading above 52550 level. Downside 52050 will act as an strong support level for today's session.
Gold price analysis Asia-Europe session November 27Gold prices reacted strongly in the US session price zone last night around 2640, considered an important port zone of today's Asian trading session. When this zone is still held, there will be some retreat to the breakout zone of 2632 this morning and attract some buying force to push the price back up to 2658-2660. In case of breaking 2632, the downtrend will be determined and the resistance zones of 2618-2605 will become temporary support levels.
#NIFTY Intraday Support and Resistance Levels - 27/11/2024Flat opening expected in nifty. After opening important support level for nifty is 24100. Upside 24350 will act as a resistance for today's session. Any major upside rally only expected if nifty starts trading above this resistance level. Downside rally possible if nifty gives breakdown and starts trading below 24100 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(27/11/2024)Today will be flat opening expected in banknifty. After opening if banknifty sustain above 52050 level then possible upside movement in market towards the 52450 to 52950+ level in today's session. But in case banknifty starts trading below 51950 level then possible major downside rally in index.
Gold Buy Setup: Bullish Price Action at Fibo 61.8#GOLD has completed a short-term pullback on the H4 chart and now shows bullish price action signals at the Fibonacci 61.8 retracement level. Two consecutive pin bars support this zone, indicating a strong rejection of lower prices. The structure aligns with a 5-3 wave setup, suggesting the potential for at least a three-wave upward movement.
My initial targets are the key resistance levels at 2660 and 2700, where I anticipate significant price reactions. If these levels are cleared, it could lead to a breakout of the previous structural resistance, paving the way for a stronger bullish continuation. On the flip side, failure to break these levels may result in a bearish reversal.
This setup provides a high-probability trade with an excellent risk-to-reward ratio for upside movement.
26.11.24 Morning ForecastPairs on Watch -
FX:GBPJPY
FX:EURCAD
FX:GBPUSD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
I am travelling to Dubai tomorrow morning and as explained in the video, I will do my very best to get some forecasting posted for you guys!
#NIFTY Intraday Support and Resistance Levels - 26/11/2024Flat or slightly gap up opening expected in nifty near 24300 level. After opening it will face immediate resistance at this level. In case nifty gives breakout of this level and starts trading above 24350 then expected strong upside rally upto 24550 level in today's session. Downside 24050 level will act as an important support for today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(26/11/2024)Today will be flat or slightly gap up opening expected in banknifty. After opening if banknifty starts trading above 52550 level then expected sharp upside rally upto 52950 level in today's session. Downside 52050 level will act as a strong support for today's session. Any major downside only expected below 51950 level.
SasanSeifi| Can It Break Above $0.70?Hey there, ✌ Currently, in the daily timeframe chart, we can see that after a correction, Phantom has reacted to the previous resistance level at $0.55. The price is currently trading at $0.65. Given the current market conditions and the potential for Bitcoin growth, there is a possibility of positive fluctuations and price increases in the short to midterm.
One possible scenario for BINANCE:FTMUSDT in the daily timeframe is that if the daily candle closes with a strong body and the price breaks above the $0.70 level, the potential for further growth to $0.88 and even reaching the $1 supply zone increases. These levels can be considered as important price targets.
To validate this scenario, maintaining the $0.55 support level is crucial. On the other hand, if the $0.55 level is broken, the likelihood of further correction increases.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Gold Price Outlook: Key Insights for Next Weeks Trading DecisionGold just had its best week in recent times! This video analyzes the key factors driving the price surge – including geopolitical events and the latest US economic data.
As Geopolitical uncertainty continues to drive demand, this video illustrates my trading idea. Join me as I analyze Gold’s price action, identify critical levels, and share actionable insights for the coming week. Let me know yours!
#gold #goldinvesting #marketanalysis #usdata #pmi #consumersentiment #inflation #fed #tradingstrategy #forex
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
#NIFTY Intraday Support and Resistance Levels - 25/11/2024Higher gap up opening in nifty near 24300 level. After opening if nifty starts trading above 24350 level then this bullish rally continue towards the 24550 level in today's session. Downside 24050 will act as a strong support for today's session. Any major downside now only expected below 23950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(25/11/2024)Today will be huge gap up opening expected in banknifty almost near 52000 level. After opening if banknifty starts trading above 52050 level then this gap up bullish rally extend for further 500-1000 points towards to 52450 and 52950 levels. Any correction rally expected below 51950 level.
Potential for Further Price Growth to $6.50 After Pullback!Hey there, ✌ The price entered an uptrend phase from the $3.70 range and, following the breakout of the descending trendline on the daily timeframe, has shown a significant increase, reaching $5.70. Currently, after this upward movement, the price has faced a slight correction and has returned to the broken $5 level.
Given the overall market conditions, the outlook remains more bullish.
It is expected that after this pullback, the price will likely continue its significant upward movement towards the $6 and $6.50 levels. The price ranges of $5 and $4.50 – $4.20 can be considered key reversal zones. If a bullish candlestick pattern is observed and confirmed, there is a high possibility of positive price fluctuations.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Nifty Outlook: Last Week of NovemberNifty is currently trading at 23,900.
It will come 500 points below to 23,400.
This level coincides with multiple things - previous support & 0.786 fib level of the last run.
Then it will reverse and go up till 24,700.
That is where it will take the liquidity of the previous swing highs.
NZDCAD: Oversold Market & Pullback 🇳🇿🇨🇦
NZDCAD may pull back from a key daily horizontal support.
The market looks quite oversold after an extended bearish rally.
As a confirmation, I see a double bottom and a breakout of its neckline
on an hourly chart.
Target - 0.8189
❤️Please, support my work with like, thank you!❤️
SasanSeifi|Breaking $2.50, A Bullish Signal for LongTerm Growth! Hey there,On the 3-day timeframe, the price has been consolidating near its bottom range. If the price can break above $2.50 and hold this level, there’s potential for growth towards $4.00 and $4.50 in the medium term.
Long-Term Outlook:
After a pullback, the price may resume its uptrend, targeting $5.50, $6.50, and potentially $8.00 in the long term.
The key support level for this analysis is $1.50.
💡 Keep in mind, this is just my personal perspective and shouldn't be considered as financial advice. I’d love to hear your thoughts and engage in a discussion!
Happy trading!✌😎
Feel free to reach out if you have any questions or need more clarification. I'm always here to assist!✌
If you want any further adjustments, just let me know!
Gold price analysis November 22Gundamental analysis
Gold (XAU/USD) maintained its strong intraday gains in early European trading and is now trading near a two-week high, just below the $2,700 mark. Persistent geopolitical risks stemming from the worsening Russia-Ukraine conflict helped the safe-haven precious metal extend its weekly rally for a fifth straight day. In addition, expectations that US President-elect Donald Trump’s expansionary policies could stoke inflationary pressures turned out to be another factor in favor of the commodity, which is seen as an inflation hedge.
Meanwhile, buying of the US dollar (USD) remained unabated amid growing acceptance that higher inflation could limit the scope for further rate cuts by the Federal Reserve (Fed). Furthermore, expectations of a less dovish Fed, coupled with concerns over a larger fiscal deficit, still favor rising US Treasury yields, although they have not significantly dampened the bullish sentiment around non-yielding Gold. XAU/USD bulls have even ignored the prevailing risk-on sentiment, suggesting that the path of least resistance for bullion is to the upside.
Technical Analysis
2708-2710 is emerging as a technical resistance zone at the moment with corrective waves expected. 2673 and 2675 are the two targets we are aiming for. Note that today is the weekend so huge volatility is still waiting for the US session.
#NIFTY Intraday Support and Resistance Levels - 22/11/2024Gap up opening expected in nifty near 23450 level. After opening possible it will face resistance at this level and reversal towards the downside upto 23200 support level. Major upside rally expected if nifty starts trading and sustain above 23550 in today's session. This upside rally can be goes upto 23750+ level.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/11/2024)Today will be slightly gap up opening expected in banknifty. After opening if banknifty starts trading and sustain above 50550 level then possible upside rally upto 50950+ level in today's session Downside 50050 level will act as a strong support for today's session. Any major downside only expected below this support level.
fib levels; unwritten ruleSometimes you can predict market moves by price and S-D logic. Gold consolidated at 2500$, that works as a natural fib level? ie if market (SD dynamics) is strong enough -> either 3000$ is possible or 2500$ stays the limit. Bitcoin around 75k figures out which side is stronger --> does 100k make sense or 50k is greater. Which side market leans towards most - wins. ♟️