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XAU-USD | 4H | SHORT | TECHNICAL CHARTHello traders, I have determined my FOREXCOM:XAUUSD target on the chart. I expect traders to buy from the supply and demand zone. I have marked the key level. Thank you very much for supporting me with your likes. If you traders want to receive constant updates under this post, there should be at least 50 likes. Note: I have been in the forex, crypto, and stock financial sector for 14 years. I do day trading with harmonic patterns, smc, chart formations, and Elliot wave strategies. I am sharing signals from some of my operations with you.
FOREXCOM:XAUUSDShort
by TraderTilki
GOLD (To 2369$) Fed's Inflation Measure Up 0.2% in AprilFed’s Preferred Inflation Measure Rises 0.2% in April, as Expected According to a closely watched measure released Friday by the Federal Reserve, inflation rose as expected in April, with markets anxious about when interest rates might begin to decline. The personal consumption expenditures (PCE) price index, excluding food and energy costs, increased by 0.2% for the period, matching the Dow Jones estimate. On an annual basis, core PCE rose by 2.8%, 0.1 percentage points higher than the estimate. Including the volatile food and energy categories, PCE inflation was 2.7% annually and 0.3% from the previous month. These figures were also in line with forecasts. Technical Analysis of Gold The price has stabilized in the bullish zone, particularly after the PCE result came in at 0.2%. The first bullish targets are 2364 and 2369. After reaching these levels, the price is expected to move between 2369 and 2354 until a breakout occurs. Volatility is expected to remain high until the market closes. Pivot Price: 2347 Resistance Levels: 2369, 2388, 2397 Support Levels: 2327, 2318, 2304 Today's anticipated trading range is between the support level at 2335 and the resistance level at 2397
OANDA:XAUUSDLong
by SroshMayi
USDJPY WEEKLY OUTLOOK### Weekly Market Outlook Monday: The week begins quietly with a U.S. bank holiday in observance of Memorial Day, leading to subdued financial markets. Tuesday: Focus shifts to Japan for the release of the BoJ core CPI y/y. In the United States, the CB Consumer Confidence data will be closely monitored. Wednesday: Key inflation data from Australia will be released, offering insights into the RBA's upcoming monetary policy decisions. Thursday: A series of significant U.S. economic indicators will be published, including preliminary GDP q/q figures, unemployment claims, and pending home sales. These data points are crucial for understanding the U.S. economic trajectory. Friday: The week concludes with several important releases. Japan will report its Tokyo core CPI y/y and industrial production data. The eurozone will release its CPI figures, the final print before the next ECB meeting. In the United States, the core PCE price index m/m, personal income m/m, and personal spending m/m data will be released, providing a comprehensive view of recent consumer activity. Throughout the week, several FOMC members are scheduled to speak, potentially offering insights into future monetary policy. Additionally, Barclays suggests that month-end rebalancing might signal strong dollar selling, a factor to consider in trading decisions. In the U.S., CB Consumer Confidence is expected to decline from 97.0 to 96.1. Analysts at Wells Fargo highlight a discrepancy: consumer spending has recently increased, while consumer confidence has declined since the beginning of the year, reaching its lowest level since 2022. This decline in confidence may stem from persistent concerns about rising prices, despite a drop in inflation from its peak. Additionally, a slight rise in unemployment has contributed to a less optimistic economic outlook. Technical Analysis: The price continues to experience bullish pressure towards 157.970, with a potential further rise to 159.820 upon breaking this level. A correction to 156.590 is possible before resuming the bullish trend. The bearish scenario will be triggered if the support line at 156.590 is broken, potentially leading to a drop to 155.940 and 155.445 Pivot line: 156.590 Resistance line: 157.970, 159.82, 161.820 Support line: 155.950, 155.450, 154.700 The expected trading range is between support 155.450 and Resistance 157.970 previous weekly idea:
Long
by SroshMayi
Order typesIn the past, a person would typically have to go to the brokerage or another financial entity to buy or sell a security. The trade would be then settled through a personal meeting or, as technology progressed, over the phone. Nonetheless, the implementation of modern technology within the financial markets of the 21st century made placing buy and sell orders as easy as a few mouse button clicks. Nowadays, many trading platforms allow their clients to execute various types of orders beyond ordinary buy and sell orders. Key takeaways: Using limit orders is generally considered one of the safest ways to buy or sell a security. Modern technology allows placing buy and sell orders with a few mouse clicks. A stop-loss and stop-limit orders are used to protect an investor’s capital. A trailing stop locks in some of the accrued profits. Quick trade orders get instantly filled by a single or double click on a bid or ask button. Limit order A buy limit order is used to buy a security at a specified price. This type of order is executed automatically in a case when the price of a security is lower than the value of the buy limit order. A sell limit order is used to sell a security at a specified price. It gets automatically filled when the price of a security is higher than the value of the sell limit order. This design occasionally allows for the execution of the buy limit order or the sell limit order at a better price. Generally, limit orders are one of the safest ways to purchase or sell a security. Quick-trade order Some trading platforms allow the use of quick-trade orders. A quick-trade order is a type of order that is instantly filled by a single or double click on a bid or ask button in a trading platform. These orders are relatively safe to use. However, filling this type of order in highly volatile markets might be difficult due to a quickly changing price. Market order When traders choose to use a market order, they let the market set the price of security. In essence, this means that for a buy market order, a trade execution occurs at the nearest ask. For a sell market order, a trade execution takes place at the nearest bid. The use of the market order is less safe in comparison to limit order because it allows for worse filling of orders in illiquid markets and markets dominated by algorithmic trading. However, some platforms offer their clients the option to choose the tolerance threshold for such trade orders. Good ‘Til Canceled order (GTC) This type of order remains active until it is filled or canceled. Stop-loss and stop-limit orders A stop-loss order sells a position at a market price if it reaches or passes a specified price. Unlike a stop-loss order, a stop-limit order liquidates a position only at a specified or better price. These types of orders are used to protect investor’s capital before depreciation. Trailing stop order A trailing stop order trails the price as it moves in the trader’s favor. For a long position, a trailing stop moves higher with the price but stays unchanged when the price falls. Similarly, for a short position, a trailing stop moves lower with the price but remains unchanged when the price rises. The intent of a trailing stop is to lock in some of the accrued profits. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
COINBASE:ETHUSDEducation
by Tradersweekly
2
USD/CHF Long, SUGAR/USD Short, EUR/AUD Short and GBP/AUD LongUSD/CHF Long Minimum entry requirements: • 1H impulse up above area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/AUD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/AUD Long Minimum entry requirements: • 1H impulse up above area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
Bullish Sentiment in Hindustan Unilever Ltd. Options TradeSpot vs. Strike Price: The spot price (2395.95) is very close to the strike price (2400.00), indicating that the option is near the money. Contracts and Open Interest: With 4155 contracts traded and a high open interest of 696600, there is significant trading activity and interest in this option. % Change and Closing Price: A 14.62% increase in the options price to 66.25 suggests bullish sentiment, as traders are willing to pay more for the option. PCR Volume: A put-call ratio of 0.179 is relatively low, indicating that there are more call options being traded compared to put options. This typically suggests a bullish outlook among traders. Position Build Up: This indicates that traders are increasingly taking positions in this options contract, which could lead to further price movement. Summary: The data indicates a bullish sentiment for Hindustan Unilever Ltd. with the options contract strike price close to the spot price, significant trading volume, a high percentage price change, and a low put-call ratio. The position buildup suggests that traders are expecting potential price movements and are positioning themselves accordingly.
HLong
by ruelfernandes
AUD/USD Long, SUGAR/USD Short and EUR/USD LongAUD/USD Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of interest. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Long Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
by StewySongs
USNAS100 (2H, Toward Bearish Station)Technical Analysis: For the NASDAQ, as long as the price trades below 18,820, it is likely to drop to 18,735. To continue the bearish trend towards 18,550, the price must break below 18,735. Conversely, if the price stabilizes above 18,820, a bullish scenario will be activated, supporting a rise towards 19,100. Pivot Line: 18,820 Resistance Levels: 18980, 19100, 19210 Support Levels: 18735, 18550, 18440 Today's range is expected to be between the support at 18,550 and the resistance at 19,100.
OANDA:NAS100USDShort
by SroshMayi
Breakout in Cipla?Potential breakout in Cipla? Let's understand. Candle made yesterday followed by the candle made today indicates a lot of strength. Both the candles are big green candles backed up with big green volume bars. This gives me a hint that the resistance zone between 1520 and 1525 might be broken now and we might see a strong breakout. Coming to my momentum indicator, RSI, it is moving in the buy zone now. We generally consider the zone between 40 and 60 as neutral and RSI is just breaching the 60 mark. So, I will buy as and when I get a new buy signal in the hourly chart with SL below 1470 and targets above 1525.
NSE:CIPLA1!Long
by travellingtradermumbai