Get started

Technical

XAUUSD - GOLD BEARISH IDEASame like as my last idea about gold. I'm still bearish , 1960 and above has become a major resistance and a strong one to break. 1955 level is broken several times to the downside. But what is actually happening is because of the range : MAJORITY OF PEOPLE WIILL PLACE THEIR SELL&BUY ORDERS ON IMPORTANT LEVELS THAT FOR THIS RANGE ARE between : 1945 / 1955 / 1965 and above this kind of range is very high risk for intraday trading there will be to so many candle wicks and stop hunting. my prefer setup for 07/18/2023 is on the chart. I'll for the price to make a close-high on Asia or London then I will open sell positions manually same as today based on price action based on 1H/4H What is your idea? Do you guys have the same idea?
FOREXCOM:XAUUSDShort
by feerisa
Finding Bottoms Using Monthly Inside Candles: SNOWThis past year, I shared many bottoms on names on my weekly WLs based on bottoming consolidation structures, mentioning a specific strategy as a reasoning for the trades. Aside from understanding price action, I used a simple method: Monthly inside candles/bars. ---------------------------------------------- What is an inside candle/bar? Inside candles trade “inside” its previous candle. The previous candle’s high and low can be used as resistance and support, respectively. Your trade execution comes on a break & hold above/below the range. Here are a few examples of this: pbs.twimg.com ---------------------------------------------- NYSE:SNOW This has traded within it’s May ‘22 inside range for over a year. This has been one of my top watches earlier this year. The range provides a macro resistance/support of $187.23 and $112.10, respectively. These levels can now be used as targets for your trades. How do I execute on this? Zoom into LTFs to find swing opportunities. In my 1/23/23 weekly watchlist, I provided NYSE:SNOW based on a previous bull div + key support/demand being held (red box). pbs.twimg.com All swing contracts provided on the WL printed, while NYSE:SNOW saw a massive upside move from $140 into $178.70 within 2 weeks. You’ll also notice my invalidation for this was $133.10 while the low was $134.34. This invalidation was based on a breakdown of the range low. Now once again, on 3/31/2023 I mentioned NYSE:SNOW as a potential high R:R trade. Based on the exact same reasoning as my January WL. Once again, NYSE:SNOW was able to hold its demand zone with a macro target of the monthly inside candle resistance. NYSE:SNOW The same exact entry & same exact analysis now provided a recent move into my $187.23 target. First move providing a 33% move, second providing a 42% move. This is how you take advantage of macro inside ranges (specifically monthly candles in these examples). pbs.twimg.com
NYSE:SNOWEducation
by DKingTrades
Weekend Review of the NIFTYNowadays we have been hearing that the next decade belongs to India. Many, including Morgan Stanly expect Indian Markets to do very well in the next five years with a strong Bull market. Maybe the only apprehension is that this is a Election Year which can hold back the Market. Technically, the weekly charts is showing that the NIFTY is clearly gearing up for a big move with a nice VCP pattern. So, there is a high probability that we will see start of a new big up move soon. It is possible that we may see one more smaller contraction before the big up move. On the Daily Chart, though we saw some weakness today, the overall bullishness still remains. We saw selling dominating after many days. The index is still holding above the moving averages. Of course, the index has been under performing the wider market which was being pushed by the mid and small caps. We may see the index retreat some more next week. But the strength remains as of now.
NSE:NIFTY
by karthikmarar
Bharat Forge Ltd. Double BottomA Double Bottom formation has emerged on the Daily chart of Bharat Forge, and the price is currently approaching the neckline of the pattern. The slight upward tilt of the second bottom in the pattern suggests a bullish bias. Furthermore, the 10EMA has crossed above the 50EMA, indicating a potential upward movement. I have placed a buy order at Rs. 802.50, with a Stop Loss set at Rs. 756.53, which corresponds to the bottom of the pattern. With a Risk:Reward ratio of 1:1, the Target Price can be set at Rs. 850.
NSE:BHARATFORGLong
by sudhanshug92
3
Capitalizing on Market Resurgence: A Promising Long Position on As today's market landscape evolves, astute traders recognize the potential for profitable opportunities. With a comprehensive analysis of the US100 (NASDAQ) on the 4-hour timeframe, a compelling case emerges for considering a long position. This article will explore the pertinent factors and recent developments that bolster the bullish outlook for US100. Tech Sector Resurgence: The US100 index, comprising top technology companies, has been witnessing a resurgence in recent times. Amidst the global economic recovery and increased digital reliance, tech giants have been at the forefront of innovation and growth. Positive earnings reports, product launches, and expanding market presence contribute to the overall strength of the sector and signal a potential upward trajectory for US100. Supportive Fiscal Policies: The US government's commitment to economic stimulus measures, coupled with accommodative monetary policies, has acted as a catalyst for the tech sector's growth. Increased government spending, infrastructure initiatives, and tax incentives have the potential to drive further expansion and boost corporate earnings, thereby favoring US100's upward momentum. Technical Analysis: Examining the US100 on the 4-hour timeframe reveals encouraging technical indicators. The presence of bullish chart patterns, such as higher highs and higher lows, along with the potential breakout from key resistance levels, suggest the possibility of a sustained upward move. Traders leveraging technical analysis tools, such as moving averages and oscillators, may observe bullish signals that support the case for a long position. Positive Market Sentiment: The prevailing market sentiment plays a vital role in shaping the direction of indices like US100. With an overall optimistic outlook and growing investor confidence, fueled by positive economic indicators, the appetite for riskier assets like equities remains high. This sentiment creates a conducive environment for US100 to thrive and potentially experience upward price movement. Conclusion: In light of the ongoing resurgence in the tech sector, supportive fiscal policies, favorable technical indicators, and positive market sentiment, a long position on US100 on the 4-hour timeframe appears compelling. However, it is essential to exercise caution, implement appropriate risk management strategies, and stay informed about any unforeseen events or market developments that may impact the trade. By capitalizing on these factors and monitoring the market closely, traders have the potential to benefit from the upward trajectory of US100 and secure profitable gains. Please note that trading involves inherent risks, and it is advisable to consult with a financial professional or conduct thorough personal research before making any investment decisions.
CAPITALCOM:US100
by DalitsoTembo
Bullish Outlook: A Long Position on XAUUSDIn today's volatile market, an opportunity has emerged that demands attention. With a thorough analysis of the XAUUSD pair, it becomes evident that a long position is favorable. The following factors support this bullish stance and pave the way for potential gains. Safe-Haven Appeal: Gold, represented by XAU, has long been revered as a safe-haven asset during times of economic uncertainty. Amidst geopolitical tensions and potential market corrections, investors seek refuge in this precious metal, driving its price higher. Inflation Concerns: Persisting concerns over rising inflationary pressures have prompted central banks to maintain loose monetary policies, thereby weakening fiat currencies. Gold has historically been an effective hedge against inflation, making XAUUSD an attractive choice for traders looking to protect their wealth. Technical Analysis: Careful examination of the XAUUSD pair reveals an encouraging technical setup. Bullish chart patterns, such as a breakout from a key resistance level or a golden cross formation, suggest upward momentum and the potential for sustained price appreciation. Conclusion: With the backdrop of ongoing economic uncertainties and inflationary worries, it is prudent to consider a long position on the XAUUSD pair. The combination of gold's safe-haven appeal and the positive technical outlook creates a compelling case for traders seeking profitable opportunities. However, it is crucial to implement appropriate risk management strategies and closely monitor market developments to maximize the potential gains.
OANDA:XAUUSDLong
by DalitsoTembo
Oracle Rebound & technical analysis According to this chart we are riding the 8 and 20 day. Price bounced off of the 50 after the earnings sell off and broke out from a double bottom. If this plays out in a perfect world this will blow past 127 from the news run up. Not to mention everything AI is running and we are currently in an AI baby bubble. I would trade this carefully since it is making new highs and can fall from a sell off and profit taking. Let’s see how high this goes. Congrats if you were like me and bought around 115 after the earnings sell off. Trade Responsibly. #TradeTheWave
NYSE:ORCL
by FinesseTheWave
3