XAU/USD - Gold Long trades"After yesterday's sharp decline in XAUUSD, the market is showing signs of stabilization, creating potential opportunities for long trades. Key support levels have held firm, suggesting bullish momentum could resume as buyers step in. We must closely monitor price action for confirmation, targeting a potential recovery towards key resistance zones. As always, proper risk management is essential. Let's see how this plays out!"
The bullish side breakout of 200 EMA in the 15-minute and 5-minute charts can be a good sign of a market uptrend.
Entry 1st zone - 2630-2640
Entry 2nd zone - 2673-2683
Entry 3rd zone - 2726-2736
Technicalindicators
Gold "trembling" waiting for US employment dataGold (XAU/USD) continued to fluctuate in a narrow range on Thursday morning, supported by geopolitical risks such as the Russia-Ukraine conflict, trade war concerns and political instability in France and South Korea. A weak US dollar also contributed to keeping gold prices high.
However, expectations of the Fed maintaining a tight monetary policy, along with a slight increase in US bond yields, are limiting gold's upside. Comments from Fed Chairman Jerome Powell kept investors cautious, waiting for the US Non-Farm Payrolls (NFP) report on Friday.
Personal opinion:
This week’s break below the multi-day ascending channel signals bearish momentum, but neutral oscillators on the daily/4-hour charts suggest waiting for a break below the $2,630 support before positioning for further losses. A subsequent decline could drag prices toward $2,622-$2,621 and potentially to $2,600.
On the upside, $2,655 remains the immediate hurdle, followed by $2,666. A sustained move above $2,678 could pave the way toward the $2,700 mark, but strong resistance around $2,721-$2,722 might cap gains. A decisive break beyond this level could shift the trend in favor of buyers and trigger meaningful upside momentum.
Pay attention to price range:
BUY ZONE: 2640 - 2638
SL: 2633
BUY ZONE: 2634 - 2632
SL: 2627
SELL ZONE: 2655 - 2657
SL: 2662
Gold “sideways” ahead of important Fed speechGold prices (XAU/USD) maintained a positive trend for the second consecutive day on Wednesday but remained confined within a familiar range. Investors appeared cautious, awaiting clearer signals on the Federal Reserve’s (Fed) rate cut trajectory before making decisions.
The focus now shifts to Fed Chair Jerome Powell’s speech later today and the U.S. Non-Farm Payrolls (NFP) report on Friday. These events will significantly impact monetary policy decisions and the short-term outlook for gold.
Personal opinion:
Recently, prices have been trading in a narrow range, signaling a consolidation phase after last week’s downtrend. The recent break below the four-day ascending channel supports the bears, but any drop below $2,622-2,621 could find solid support near $2,600.
On the upside, the $2,655 and $2,666 levels are immediate resistance. A break above $2,678 could push prices toward the $2,700 mark. However, a sustained move beyond the strong resistance zone at $2,721-2,722 is needed to open the door for significant gains.
Pay attention to price range:
SELL ZONE: 2655 - 2657
SL: 2672
BUY ZONE: 2637 - 2635
SL: 2630
BUY ZONE: 2627 - 2625
SL: 2620
Nov.26-Dec.02(ETH)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment.
However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts.
Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%.
These macroeconomic and external factors will undoubtedly impact the cryptocurrency market.
After rising to around $3,700 last week, ETH has been experiencing some volatility. The WTA indicator shows a disappearance of the blue bars representing whales, indicating a gradual reduction in large capital inflows. Meanwhile, the purple wave area on the ME indicator is widening, suggesting a strengthening of bullish sentiment.
In summary, we believe that ETH may continue to fluctuate this week, and it is essential to be mindful of the risks associated with price volatility. We have adjusted the resistance level to 3,800 and the support level to 3,200.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Nov.26-Dec.02(BTC)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment.
However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts.
Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%.
These macroeconomic and external factors will undoubtedly impact the cryptocurrency market.
Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend.
In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000.
Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency.
Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.Since last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment.
However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts.
Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%.
These macroeconomic and external factors will undoubtedly impact the cryptocurrency market.
Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend.
In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000.
Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency.
Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.
UPL Ltd. (NSE: UPL) AnalysisOverview: UPL Ltd. is currently trading at ₹545.50, showing signs of consolidation near its short-term moving averages. The price is poised at a critical level with a potential for either a breakout or a breakdown, depending on market dynamics and volume activity.
Technical Insights:
1.Support and Resistance Levels:
Immediate Support: ₹528 (marked by recent lows and a strong demand zone).
Key Resistance: ₹549.50 (current level) and ₹584.05 (previous swing high and significant supply zone).
2.Volume Profile:
The visible range volume profile indicates a concentration of volume between ₹540-₹550, suggesting this zone as a pivot for future price action.
A breakout above ₹549.50 could attract higher volumes, pushing the stock towards ₹584.
3.Moving Averages:
The stock is near its 20-day and 50-day EMAs, indicating a neutral short-term trend.
A clear break above the 200-day EMA would signal a shift in momentum towards the bulls.
4.RSI (Relative Strength Index):
RSI is hovering around 50, indicating a lack of strong momentum. A breakout above resistance could drive RSI towards overbought territory, confirming bullishness.
Scenarios:
Bullish Case: A breakout above ₹549.50 with high volumes could see the stock targeting ₹584.05 in the short term. Sustained momentum may lead to further upside towards ₹600.
Bearish Case: Failure to sustain above ₹549.50 might result in a pullback to ₹528. A breakdown below ₹528 could open doors for lower levels, around ₹510.
Trading Plan:
Entry:
Bullish: Above ₹550 for targets of ₹584 and ₹600.
Bearish: Below ₹528 for targets of ₹510.
Stop-Loss:
Bullish: ₹535.
Bearish: ₹540.
Final Thoughts: UPL Ltd. is at a crucial level with a well-defined risk-reward setup. Traders should wait for confirmation of direction with strong volume support before taking positions. Monitor global agrochemical sector trends and news for potential catalysts.
GOLD TECHNIAL UPDATE >GO :? AND READ THE : CAPTAINBuddy's dear friend 👋
Gold trading signals technical analysis setup I think 🧐 Gold ready for Down trand 😜 4 H Time Frame 🖼️ looks good Short Trade first Zone buddys 2774 Next Short Trade 2700
Why wait should be good choice for short Trade 😄. Technical analysis setup now stall Sell trend 📈. Follow risk management
Technical analysis setup look for short trade entry 2673 target 🎯 2540 OANDA:XAUUSD
Technical analysis setup look for short trade entry 2704 target 🎯 25 80 2540
🎮
S upport 🌟 My hard analysis Setup like And Following Me 🤝 that star ✨ game
#DYDX 4H. X2 Potential. 11/21/24The coin is in a sideways trend and near the lower boundary. If not now, then when to enter a position? Personally, I can’t give advice, as the best opportunity was yesterday, and the second-best opportunity is today.
From the current levels to $0.9, it’s quite reasonable to accumulate on spot. The nearest target is $1.8. You can easily take at least 2x on spot.
BTCUSD TECHNICAL UPDATE : GO AND READ THE :CAPTAINBuddyS dear friend 👋
Crypto Traders. Are you still wanting for buying zone right now 🙏🤔 BTC USD All time high 94k buying zone right now
92K Big support level 🎚️. Easy to recover 💪 back up trand 97k
Technical analysis setup look for first buying zone 94k Next buying zone support level 92k
Buying said 94k target 97k after 25 hours Hit 🎯
Next buying said 92k target 97k
After two 48 hours
Support ✨ My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎮 BITSTAMP:BTCUSD
Filling the gap and returning to the main path.After the rapid movement of the price from 2708 and going down and breaking the level of 2605, the price made a correction in the direction of filling the gap of the market towards the level of 2653 by reaching the range of 2545 and it is expected that after the gap is filled and the distance between the market and the collision With the trend line and reaching the range of 2676-2655, the expectation is to return to its downward path.
Nov.12-Nov.18(ETH)Weekly market recapAs the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend.
Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of specific policies by the Trump administration, including the establishment of regulatory frameworks and strategic reserves, will also play a vital role.
Moreover, the ongoing participation of institutional investors is a key factor, as their capital flows often have a substantial impact on market trends. Currently, the cumulative net inflow for BTC ETFs stands at $27.714 billion, while ETH ETFs have seen a net inflow of $139 million.
It is noteworthy that since August 5 of this year, Tether has minted over $7 billion USDT on the Ethereum blockchain. Changes in the supply of stablecoins have become an important market indicator; an increase in stablecoin supply not only reflects market confidence in cryptocurrencies but also provides potential support for subsequent price increases.
After retreating to around $3,000 last week, ETH has been experiencing fluctuations. The blue bars of the WTA indicator, which represent whale activity, are still present. The orange wave area of the ME indicator has shifted to purple, indicating a strengthening of bullish sentiment.
In summary, we believe that ETH may rise this week, but it is essential to remain cautious of price volatility risks. We maintain a resistance level at $3,400 and a support level at $3,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Nov.12-Nov.18(BTC)Weekly market recapAs the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend.
Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of specific policies by the Trump administration, including the establishment of regulatory frameworks and strategic reserves, will also play a vital role.
Moreover, the ongoing participation of institutional investors is a key factor, as their capital flows often have a substantial impact on market trends. Currently, the cumulative net inflow for BTC ETFs stands at $27.714 billion, while ETH ETFs have seen a net inflow of $139 million.
It is noteworthy that since August 5 of this year, Tether has minted over $7 billion USDT on the Ethereum blockchain. Changes in the supply of stablecoins have become an important market indicator; an increase in stablecoin supply not only reflects market confidence in cryptocurrencies but also provides potential support for subsequent price increases.
Last week, BTC exhibited a volatile trend, with significant price fluctuations. The WTA indicator shows the appearance of blue bars representing whales, indicating the presence of large capital. The purple wave area on the ME indicator is widening, suggesting a strengthening bullish sentiment.
In summary, we believe BTC may experience an upward movement this week, but caution is warranted regarding price volatility risks. We have adjusted the resistance level to $95,000 and the support level to $85,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
USD/JPY Shows Potential for RecoveryThe Japanese Yen (JPY) has pared some of its gains against the USD in the Asian trading session, as investors remain cautious about the timing of a potential rate hike by the Bank of Japan (BoJ). Expectations around President-elect Donald Trump's policies have also supported U.S. Treasury yields, weakening the JPY.
However, the potential for a sharp depreciation in the JPY seems limited, as there are concerns that Japan may intervene in the foreign exchange market to support its currency. Geopolitical risks may also provide some support for the JPY, while a restrained USD is likely to influence the USD/JPY pair. Traders are waiting for U.S. housing market data for further cues.
Looking at the technical chart, the pair is recovering and continuing its upward momentum, supported by a strong level at 154.1. Although the resistance at 155.2 is a challenge and may not be breached immediately, after a pullback to the 154.5 support, the pair could gain momentum to break through that resistance.
Overall, despite some limiting factors, the outlook for a USD/JPY recovery remains positive, provided support at 154.1 holds and resistance at 155.2 is cleared in the near term. This is my view — what do you think?
Gold Continues to Plunge (November 13)The rise in the US dollar has diminished the appeal of gold as a safe-haven asset, while expectations surrounding Trump's economic policies, such as tax cuts and infrastructure investment, have led many investors to shift towards riskier markets, driving gold prices lower.
Specifically, gold has dropped to around 2,600 USD/ounce, marking a significant decline compared to previous days. Looking at the price channel, gold is currently moving in a downward trend. Technical indicators show that gold has broken through several key support levels, especially below 2,650 USD/ounce, suggesting that selling pressure is intensifying.
If the downward trend continues, the next support level could be 2,550 USD/ounce, where gold might find temporary buying interest. However, if gold fails to hold this level and continues to drop below 2,500 USD/ounce, the price could continue to plummet, widening the decline in the short term.
Gold Prices Plummet Today (November 12)Global gold prices have dropped significantly, mainly due to the strong rise of the US dollar and an increasing willingness among investors to take on risk. The primary reason is that the market is expecting a cautious policy stance from the Federal Reserve under the leadership of President-elect Donald Trump, which has boosted investor confidence in economic stability and reduced the demand for gold as a safe-haven asset.
Looking at the technical chart, the EMA 34 and EMA 89 lines have not shown any signs of reversal, indicating that the downward trend in gold prices is still intact. Currently, the nearest resistance is at 2,706, while solid support is at 2,609. If gold continues to face selling pressure at the resistance zone, the likelihood of a deeper decline towards the support level at 2,609 is quite high. There is even a chance that gold could break through this support level if it revisits the resistance at 2,661.
Will gold prices continue to fall, or will there be a reversal in the future? What do you think?
Gold remains around $2,675-$2,670 due to a stronger USD.Gold (XAU/USD) stays around $2,672-$2,670 as trading opens in Europe on Monday, continuing its recent downtrend from the October 31 record high. The USD remains slightly below last week's 4-month peak, driven by optimism over Trump’s economic policies, which are pressuring gold for the second consecutive day.
Investors expect Trump’s policies to boost growth and inflation while limiting strong Fed easing, keeping US Treasury yields high and pushing funds away from non-yielding gold. However, a mild risk sentiment may support gold as traders await US inflation data and Fed Chair Powell’s speech later this week.
Personal opinion:
A sell-off below last week's low around $2,643 could trigger further downside, potentially pushing gold towards the October range low at $2,605-$2,602. However, a rebound above $2,700 faces strong resistance near $2,718 and the $2,740-$2,745 zone. A break above these levels could signal the end of the correction and push gold towards $2,750 and the $2,758-$2,790 range, or even the record high from October 31.
Pay attention to the price range:
Buy Zone: 2656 - 2654
SL: 2649
Buy Zone: 2666 - 2664
SL: 2659
Sell Zone: 2687 - 2689
SL: 2694
$WULF: Primed and Ready to Launch! PT:$3.70Hello everyone,
NASDAQ:WULF is looking primed and ready to launch. Once it can break above this top resistance line at around $2.80 then price will head to the monthly at $3.63. Looking at the hourly for support.
Good luck everyone! It is looking very bullish right now for most crypto miners :)
Will the Yen Recover or Will the USD Continue to Rise?Hello everyone, let’s join Alisa in predicting the USD/JPY currency pair!
The Japanese Yen (JPY) is struggling to recover against the USD, hovering near its lowest level since July 30, due to uncertainty about the Bank of Japan’s interest rate policies and the prevailing risk environment. Additionally, rising US Treasury yields, especially after the return of Donald Trump, are limiting the JPY. The sharp drop in the Yen has prompted intervention from the Japanese government, providing some support. Meanwhile, the USD remains strong, close to its highest level in 4 months, fueled by optimism about growth and inflation, which is supporting the USD/JPY pair ahead of the Fed's policy decision later this week.
Based on technical chart analysis, the support level at 151.49 is helping maintain the upward trend for the USD/JPY pair. While the pair faces resistance at 154.58, any pullback would likely be supported at the previous resistance level of 152.41, providing a foundation for a potential recovery. If USD/JPY breaks through the 154.58 resistance, it could target new higher levels.
Given the current technical and fundamental factors, what do you think the next move for USD/JPY will be? Will the Yen recover, or will the USD continue to strengthen?
#NIFTY Intraday Support and Resistance Levels - 06/11/2024Gap up opening possible in nifty near 24300 level. After opening if nifty starts trading above 24350 level then this bullish rally can extend upto 24500 level. Below 24300 level possible downside movement upto 24050 support level. Above 24500, Nifty will indicating strong bullish rally in upcoming sessions.
Gold stays strong amid the US election and Fed rate cuts.Early on Tuesday morning, the latest developments surrounding the U.S. presidential election showed that former President Donald Trump is leading Vice President Kamala Harris in each of the seven swing states, although the margin is very narrow. A survey by AtlasIntel revealed that Trump holds the widest margin in Arizona, with 52.3% compared to Harris's 45.8%.
This update seems to have helped the U.S. dollar halt its decline, keeping gold prices in USD at a low level. Furthermore, expectations of a less aggressive easing cycle from the U.S. Federal Reserve (Fed) have also supported the dollar.
Personal opinion:
Gold prices remain steady, fluctuating between $2,730 and $2,748, with no catalyst pushing them outside this range. While the RSI still indicates bullish momentum, buying pressure seems to be easing. For continued gains, gold buyers need to reclaim the key $2,750 level, which could lead to a target of $2,790. However, a daily close below $2,750 could signal further weakness.
Pay attention to the price range:
Buy Zone: 2715 - 2713
SL: 2708
Sell Zone: 2747 - 2749
SL: 2754
Sell Zone: 2761 - 2763
SL: 2768
USD/JPY May Experience Slight DeclineIn Tuesday's Asian trading session, the Japanese Yen (JPY) weakened against the US Dollar (USD), moving away from the one-week high reached the previous day. However, the decline in JPY may be limited as traders remain cautious amid the uncertainty surrounding the US presidential election, coupled with expectations that the Bank of Japan (BoJ) will raise interest rates in December.
At the same time, the ongoing "Trump deal" and expectations that the Federal Reserve (Fed) may cut interest rates later this week have led to a decline in US Treasury yields, narrowing the interest rate differential between the US and Japan. This weakens the demand for USD, providing support for JPY. Additionally, a weaker risk sentiment could favor the Yen and limit significant upside moves in the USD/JPY pair.
With resistance at 152.337, the USD/JPY pair may struggle to maintain strong upward momentum. If the price fails to break above this level, the likelihood of a downward correction increases, with the nearest support levels at 151.500 and 151.000. However, if the Yen continues to face pressure from macroeconomic factors such as US election uncertainty or expectations surrounding the BoJ’s monetary policy, the USD/JPY pair may still test the 152.337 resistance again.
Gold rebounds ahead of U.S. elections, market cautious on Fed.Gold prices have halted their adjustment from the record high of $2,790 set on Friday, as the U.S. dollar faces strong selling pressure. The gap opened lower following the latest poll results regarding the U.S. elections, which showed Kamala Harris surpassing Donald Trump in Iowa, marking a significant shift. The presidential race between the two candidates is intensifying, with Americans set to vote on Tuesday.
Additionally, U.S. Treasury yields are also declining due to market caution and expectations that the Fed will cut interest rates by 25 basis points on Thursday, which has supported non-yielding gold prices.
Personal opinion:
Gold prices are heavily influenced by the U.S. elections and the economic situation. Kamala Harris leading in the polls might make investors feel more optimistic. The drop in bond yields also indicates that people are looking for safe places to invest, increasing gold's appeal during this uncertain time.
Pay attention to price levels:
Buy zone: 2727 - 2725
SL: 2720
Sell Zone: 2747 - 2749
SL: 2754
Sell Zone: 2760 - 2762
SL: 2767