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Rectangle

Gold on the edge: is a record high around the corner?Gold prices have settled into a rectangle pattern, a favorite of mine due to its simplicity and high probability of a successful breakout. Over the past 25 days, the price has been consolidating within this range, which strengthens the likelihood of a significant move once the breakout occurs. A breach of the 2,530 level, particularly if the US inflation data tomorrow comes in lower than expected, could propel the price by 57 dollars per ounce, reaching 2,586, a new all-time high. On the other hand, if the price breaks below 2,447, it could fall by the same amount, potentially dropping to 2,410. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAUUSD
by ThinkMarkets
Technical Analysis of Super Micro Computer Inc (SMCI)Upon analyzing the stock SMCI , we observe a significant turning point starting in 2022, following a long period of sideways movement where the stock struggled to break above the $40 level. After this prolonged sideways phase, the stock broke out with a clear upward trend, highlighted by the ascending trendline (green), characterized by higher highs and higher lows. Following a year of gains, the stock entered a consolidation phase but then broke out again to the upside with strength, accompanied by a substantial increase in volume. After reaching a peak in March 2024, the stock began a downward phase that is still ongoing. Potential long entry points, where the stock might bounce or change trend direction, are found in the following two support areas: Support area S1; The POC 1 area. If the stock begins to rally again, it will be crucial to monitor its behavior as it approaches the descending trendline (green), which could serve as a more conservative initial target. More ambitious targets are POC 2 and resistance R1, both within a price range of $900 to $1,000.
NASDAQ:SMCI
by Giovanni_Bandini
**Pidilite Industries Ltd Technical Analysis**Here is a professional summary of the technical chart for **Pidilite Industries Ltd**: --- **Pidilite Industries Ltd Technical Analysis** The price action of **Pidilite Industries Ltd** (NSE: PIDI) is currently trading at ₹3,270.80, showing a steady uptrend with recent gains of +1.15%. The chart highlights several key levels based on Fibonacci retracement and technical indicators. - **Support and Resistance Levels:** - **Immediate Resistance**: ₹3,525.00 (0.00% Fibonacci level). - **Key Support**: ₹3,056.30 (38.20% Fibonacci level) and ₹2,911.50 (50.00% Fibonacci level). - **Strong Support Zone**: Around ₹2,766.75 (61.80% Fibonacci retracement). - **Trend Analysis**: - The stock has been in a consolidation phase around the ₹3,000 to ₹3,300 range but shows signs of breaking out above the resistance levels marked by the upward green arrows. - **Final Target**: If the price continues its upward movement, a target around ₹3,525.50 is projected, as per the chart analysis. - **Moving Averages**: - The 50-day and 200-day moving averages are currently offering support, indicating a bullish trend. - **Volume Trends**: - The volume profile suggests an accumulation phase, with higher trading activity around critical support levels. Breakout volume surges could lead to stronger upward movement. - **Partnership Announcement**: - A noteworthy fundamental update highlighted is Pidilite's exclusive distributorship of CollTech's product range in India, which may positively influence the stock by increasing its footprint in the electronics industry. --- **Disclaimer**: *This chart and analysis are for study purposes only and should not be taken as investment advice. Please consult your financial advisor before making any investment decisions.*
NSE:PIDILITINDLong
by AngshumanSaikia
GOLD (XAUUSD): Support and Resistance Analysis For Next Week Here is my latest structure analysis for Gold for next week. Resistance 1: 2525 - 2531 area Support 1: 2471 - 2484 area Support 2: 2432 - 2447 area Support 3: 2353 - 2381 area The price is now stuck within a horizontal range based on Resistance 1 and Support 1. Consolidation may continue, and we may see one more bullish movement to its upper boundary. Alternatively, a breakout of one of the boundaries of the range will indicate the future direction of the market. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
(BTC) bitcoin "auto fib retracement - 100"BTC falling beneath the 100 auto fib retracement. Other cryptocurrency also beneath the red layer of the auto fib retracement include; AVAX, BADGER, CELO, COIN, CURVE, DASH, EGLD, HFT, KSM, MINA, RAD, SUSHI...and ICP is in the red unlike the other top traded cryptocurrency remaining in green, neutral or blue areas of the auto fib retracement. Others below the red line include: IMX, SUPER, AUCTION, PERP, IDEX, NMR, OGN, YFI, BLUR, DYP, STORJ, UMA, AXS, BTRST, SEI, APE, C98, DIA, LDO, METIS, GRT, TIA, MATIC (POLS), XCN and FX. Still no info from the newly listed tokens/coins of 2024.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
DAX40 Breakout in PlayThe DAX40 has just triggered a rectangle pattern, which has been developing over the past two days and six hours. The difference between the high and low of this rectangle is approximately 153 points. The breach at 18,518 indicates that the price could reach 18,363. Corrections toward the breakout point that do not push the price above 18,572 will keep this pattern valid. However, with the US payroll data due today, volatility could push the price either beyond the target or back into the rectangle formation, triggering a loss. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:GER40Short
by ThinkMarkets
S&P500 INDEX (US500): Important Bearish Signal US500 was consolidating for quite a long period of time around the level of a current all-time high and formed a range. After the release of the yesterday's US fundamentals, the Index dropped and formed a high momentum bearish candle. A daily candle closed below a support of the range, confirming its violation. We can expect a bearish continuation lower now. Next support - 5432 ❤️Please, support my work with like, thank you!❤️
FX:SPX500Short
by VasilyTrader
3