Gold is set to break up and above 2360-2365 it may again set to fire for new high! #XAUUSDTRADING #xauusd
Though today is bank holiday in USA, We may see a break out in US Session. Above 2351 it may reaches upto 2370 which was a session high of May 10, 2024. And Breaking below 2330 it may reaches up tp 2306 which was session low of May 08, 2024. Wait for a session break out and have a big movement in your pocket!
If it sustain above 69350 in US Session, US Session will be right up and can check 78.6% Fibo level which is 70168. I will suggest buy above 69350 with SL of 68720 and TP of 70166 with risk reward ratio is 1:1.59! Trade is active only in us session if market is opening and sustaining the prices given.
Gold is creating reversal candle for H4 Time Frame. There are two probabilities as shown on the chart here. Which says that probably gold may reverse from here and will move upto 2355 and max 2290. Scenario says something different for SMC theory. Here there is an unexplored area of 2375-2400 which may be explored sooner or later. But what if it moves in downward...
The provided chart for XAUUSD (Gold Spot / U.S. Dollar) shows a clear uptrend, marked by the upward trajectory from 2420 to a high of 2450.125. Here's a detailed analysis: Trend Analysis: The chart indicates an uptrend starting from the 2420 level, highlighted by the "UP TREND" label, peaking at 2450.125 before experiencing a slight pullback and consolidation...
Gold is on Breakout? May be Yes. But still a further bull confirmation is pending. Gold currently being traded around 2353 and day low is around 2356. Day level resistence and Fair Value Gap OR further Demand Zone what ever confirmation we may require is forming above 2360. Gold must close H4 above this level. In addition to this, there are so many fundamental...
Gold shows stability at the top breaking below 1732.30 may go further down. One Can open sell position below 1752.30 Price - 1752.30 SL - 1762.80 TO - 1733.50 Happy Trading!
Sell Gold below 1733.50 Gold on h1 chart shows berish movement may break the support that is observed by trend line. So one can take a sell call below the price mentioned. Also take care of the news/data to be released in next 2 hours or so. Happy Trading All!
August Month closing will be more important now. Moving Down or Up will decide the new movement in trend formation can be seen! Stay tuned!
- XAUUSD is priced below MA & Pivot Point. RSI is below 50 level. Down Trend is observed. - Upward Triangle is observed. Price is placed near bottom of the upward triangle. - For a fresh buy one can wait for breaking of Pivot Point that is 1809.48. - Alternative Scenario - It may enter intraday down trend below S2 – 18003.1. - Watch out levels for intraday trading.
- USDJPY is above MA & above Pivot Point. RSI is above 50 level. Up Trend is observed. - Price is moving in upward channel (Major Trend Channel). Consolidation at top is also observed. - Minor Trend Channel is a downward channel. Price is placed at the top of Channel. For Buying, wait for it to break R1 – 114.912. - Alternative Scenario –Breaking downward below...
- USDCAD above MA and Pivot Point. RSI is above 50 level mark. Up Trend is observed. - Downward Triangle and Downward Channel are formed and priced is placed near the top of both channel & triangle. Above R1 – 1.28404 new upward movement may be found. - Alternative Scenario – Trend reversal may be found below S1 – 1.27881. - Watch out levels for intraday trading.
- GBPUSD is below MA & Pivot Point. RSI is above 50 level mark. Reversing Up Trend is observed. - Upward Channel has been formed and price has currently reversed from the top. - Flat price range band is marked with 1.33879 – 1.134163 – 1.34629. - Breaking R2 – 1.34629 may take price up to 1.34845. - Alternative Scenario – Down trend may be observed below 1.34060....
- EUROUSD is below MA & Pivot Point. RSI is below 50 level mark. Down Trend is observed. - Upward Triangle & Downward Channel is observed and price is reversing from the top of Down Channel. - Triple Top can be observed and price has reversed from the top. - Above 1.13222 a fresh buy may be entered. - Alternative Scenario – Below S1 – 1.12942 an intraday...
- AUDUSD is below MA and below Pivot Point. RSI is below 50 level. Down Trend is observed. - Price is following upward triangle but could not sustained above up the top trend line, reversing from here will make it move downward. - Good example for consolidation at top with narrow range is formed. - Alternative Scenario – One can wait for it to check S2 - 0.72073...
Bank NIFTY trending up from the bottom. Check Trend lines for nearest resistence. Support if broken will continue to move down. Important Resistences are 37500 & 37800. Important Supports are 36900 & 36600.
CNXAUTO (AUTO INDEX-NSE) has crossed 50% Fibo Level and closed above 10750. One can enter a fresh buy above 10790 important resistences are 10830 & 10925. For entering a fresh sell trade wait for 50% Fibo Level - 10750 and important supports are 10700 & 10670. Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on Tradingview.com Whatsapp -...
CNXPHARMA (PHARMA INDEX-NSE) has completed a Trianlge pattern and shown a reversal from the bottom. Currently it is being consolidating in the narrow range. Wait for it to break 13280 for up trend. Important resistences are 13314 & 13340. Failing this will continue downward movement and one can enter sell below 13210. Important supports are 13165 & 13130. Reach...