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Candlestick Analysis

24589 proving to be a difficult resistance to conquerNifty once again tried to sustain the levels above 24500 but again faced resistance and pulled back. Amidst the drums of Ind-Pak war beating and ongoing tariff war the investors are afraid to take seriously long positions. Also we will have a US Fed rate decision coming up which is also adding to the investor anxiety. Mid and Small cap took the maximum brunt today due to all these factors. The Nifty resistance at 24589 is proving very difficult to be conquered with all the noise going around. Nifty resistance levels remain at 24509 and 24589 if we get a closing above 24589 Nifty can easily move for war 24813, and 25162. Supports for Nifty on the down side are at 24365, 24048, 23852 and the zone between 23515 (Mother line) and 23461 (Father line). If we get a closing below 23461, Nifty can again fall to the levels of 22802, 22148 or even 21625. (That is in adverse geo-political developments). A lot right now depends on Macro factors affecting the index and overall situation on Geo-Political front. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
2
Buy gold, it may continue to rise to 3400-3420!Fundamentals: Focus on Trump and the Fed’s dynamics; Technical aspects: Gold rose to the 3380 area as expected, and even exceeded expectations to 3387. Since gold rebounded near 3222, the willingness to retreat during the rebound was not strong. The lows were constantly raised, and the highs gradually broke upward, which was a very typical shock rise pattern. As the center of gravity of gold shifted upward, the short-term resistance moved up to the 3350-3340 area. Once gold hits this position and rebounds, it may continue to rise to the 3400-3420 area. Trading strategy: Consider the opportunity to go long on gold after gold retreats to the 3350-3340 area, TP: 3380
OANDA:XAUUSDLong
by Steffen_Schade
DXY Bullish scenario (Daily)Dxy is still respecting the market maker buy model idea. Monday traded inside friday range. Today (Tuesday) price already traded above monday previous high signaling bullish momentum and a higher probability to trade also above friday high. Right now price is consolidating between a daily bullish fair value gap and a bearish daily volume imbalance. With the information we have, price is likelly to shop arround with no clear direction before FOMC. For the current week price is still in the manipulation phase. Traders will find higher probability trades after FOMC.
TVC:DXYLong
by josefreis
Start shorting gold and seize the opportunity to make a profit!!Fundamentals: Focus on Trump and the Fed Technical aspects: Gold fell back to around 3253 and then rebounded, and continued to rise to around 3318. The upward momentum in the short term looks particularly strong. According to the current structure, as gold gradually rebounds, off-market buying funds gradually enter the market, pushing gold further up. However, when facing the previous turning point position area of ​​3325-3335, the market is cautious and it is difficult to break through this area in a short period of time. Therefore, when gold gradually approaches the 3325-3335 area, gold may usher in a wave of retracement in the short term; obviously, the retracement area we can foresee is the 3295-3285 area first. Trading strategy: Consider shorting gold in the 3315-3325 area, TP: 3295-3285
OShort
by Steffen_Schade
Gold returns to the bull market as expected, follow-up layout🗞News side: 1. The “demand shock” of the Trump administration’s tariffs on the global economy 2. The United States rejected Japan’s request for a comprehensive exemption from 10% reciprocal tariffs and country-specific tariffs in recent negotiations. 3. The conflict between Israel and the Houthis 📈Technical aspects: From a technical point of view, the 4H gold bulls are once again making an impact. At the top, we focus on the short-term suppression of the 3380-3390 line, focusing on the suppression of the 3400 line. Below, we focus on the short-term support of the 3350 line, and the important first-line support of 3335-3340. In terms of operation, we mainly go long by stepping back on 3350-3360, and the target is temporarily looking at 3380-3390. In the middle position, we should watch more and move less, pursue orders cautiously, and wait patiently for key points to enter the market. If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by AllenBoswell
Buy gold, it will continue to 3350!Fundamentals: Focus on Trump and the Fed; Technical aspects: Currently, gold is moving in a fluctuating upward manner, and in the short term, the effective double bottom structure constructed in the area around 3200 and 3220 supports the continued upward movement of gold. In the short term, gold is not very willing to fall, and it has not even been able to fall back below 3300 again. If gold breaks through the 3330-3335 area during the rebound, then gold will inevitably continue to rise to the area around 3350, or even the area around 3380. Trading strategy: If gold retreats next, we will mainly focus on the opportunity to go long on gold in the 3315-3305 area; TP: 3350
OANDA:XAUUSDLong
by Steffen_Schade
Gold’s Got Its Groove Back: Morning Star Lights the Way to $3500Gold delivered a powerful signal pointing to a resumption of the bullish trend, completing a morning star pattern that saw it break out of the falling wedge it had been trading over the past fortnight. It would have been nice to catch the initial move, but all is not lost after the price broke above $3367 on Tuesday. The price has run hard, so I’m reluctant to chase the move. But if we see a pullback and bounce from $3367, it would generate a bullish setup where longs could be established above the level with a stop beneath for protection. The obvious trade target would be the record high of $3500 set in April. If the price were to reverse below $3367 and stay there, the setup would be invalidated. Good luck! DS
FOREXCOM:XAUUSDLong
by FOREXcom
Nifty EOD Analysis – May 3, 2025 Monday🟢 Nifty EOD Analysis – May 3, 2025 Monday🔴 A positive open... but no follow-through. Still stuck in consolidation. 📊 Nifty Summary Nifty opened with a gap up of 72 points at 24,420, marking the first open above 24,365 in the last 7 sessions — a positive sign. However, the enthusiasm lacked momentum. Price struggled to cross the resistance at 24,526, and the index drifted back toward the mean, trading the entire day between the initial balance (IB) range and hovering around VWAP. 🔹 Intraday Movement: Just 125 points, the smallest in the last 12 sessions — a clear sign of contraction. 🔹 Closing: 24461 closing is the first closing above 24365 in the last 7 sessions. 🔹 Structure: Daily candle formed an Inside Bar, signaling potential energy buildup. 📌 Strategy Forward: Stay alert for an expansion move from this coil — contraction often precedes sharp action. 📌 5 Min Time FrameChart 📌 Daily Time FrameChart 🕯️ Daily Time Frame Chart & Candle Breakdown 🔍 Today’s Candle Type: Spinning Top with a long upper wick Candle Definition: A Spinning Top reflects market indecision — both bulls and bears attempted moves, but neither gained dominance. A long upper wick with a narrow body often signals failed bullish momentum or fading enthusiasm. 📌 Today’s OHLC: Open: 24,419.50 High: 24,526.40 Low: 24,400.65 Close: 24,461.15 Change: +114.45 (+0.47%) 🧱 Candle Structure: 🔹 Real Body: 🟢 Green candle with a modest body → 24,461.15 – 24,419.50 = 41.65 pts 🔹 Upper Wick: 24,526.40 – 24,461.15 = 65.25 pts 🔹 Lower Wick: 24,419.50 – 24,400.65 = 18.85 pts 📖 Candle’s Interpretation: Despite a strong open and attempt to push higher, the resistance at 24,526 capped the move. The long upper wick shows that buyers lacked follow-through strength, and the close back near the middle of the range indicates a market still stuck in balance. 📉 The Inside Bar + Narrow Range combo is a potential signal for volatility ahead — traders should watch closely for a breakout from this range. ⚔️ Gladiator Strategy Update 📊 Strategy Parameters: ATR: 303.46 IB Range: 110.65 pts IB Category: Medium IB Market Structure: Balanced 📌 Trade Highlights: Trade Count: 0 ❌ No Trigger generated by the system — a no-trade day. 🧠 Note: In contraction phases, it’s common to get fewer setups. Patience is key. 🔮 What’s Next? Markets are coiling tightly, and an expansion move is likely around the corner. As long as price holds above the 24,330–24,360 band, bulls have hope — but conviction is needed above 24,540. 🧱 Support & Resistance Levels 🔺 Resistance Zones: 24,480 ~ 24,540 (Includes psychological level: 24,500) 24,590 (PDH – Immediate hurdle) 24,800 🔻 Support Zones: 24,400 (CDL) 24,330 ~ 24,360 24,190 ~ 24,225 (Immediate Support) 24,120 24,050 24,000 ~ 23,950 23,820 23,710 ~ 23,660 23,500 23,410 ~ 23,370 23,215 ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
WTI Crude oil Holds Support Despite OPEC Production IncreaseWTI crude was on the ropes Monday morning following another surprise production increase from OPEC+. Yet despite the weak start to the week, oil prices held above the April low despite the bearish headlines. Given we've already seen a -15% decline over the prior eight days and a bullish divergence has formed, I suspect some bullish mean reversion is due. Bulls could seek a move to the $60 area, near the April VPOC. Note that the December 2023 low might also provide some resistance along the way. Matt Simpson, Market Analyst at City Index and Forex.com
NLong
by CityIndex
Long trade 5min TF ovewrview 📘 Trade Journal Entry DOGEUSDT (Buy Side) 🗓 Date: Monday, 5th May 2025 ⏰ Time: 12:00 PM 📍 Session: London to New York PM Transition 🪙 Pair: DOGE/USDT 📈 Direction: Long (Buy Side) 🔹 Entry Details: Entry Price: 0.16894 Take Profit: 0.17375 (+2.85%) Stop Loss: 0.16884 (−0.06%) Risk-Reward Ratio: 48.1 🔹 Trade Context: Executed during the London–New York PM crossover, often a key window for major intraday reversals or trend continuations. Market structure showed a series of higher highs, confirming bullish intent and sustained buyside pressure.
Long
by davidjulien369
Long trade ETHUSDT (Buy Side) 🗓 Date: Monday, 5th May 2025 ⏰ Time: 9:30 AM 📍 Session: London AM 🪙 Pair: ETH/USDT 📈 Direction: Long (Buy Side) 🔹 Entry Details: Entry Price: 1797.34 Take Profit: 1830.55 (+1.85%) Stop Loss: 1793.65 (−0.21%) Risk-Reward Ratio: 8.98 🔹 Trade Context: Executed during the London AM session, often characterised by clean intraday price action and strong directional intent. Entry followed clear buyside pressure confirmation, with price consistently breaking highs.
Long
by davidjulien369
3
Long trade 📘 Trade Journal Entry BTCUSD (Buy Side) 🗓 Date: Monday, 5th May 2025 ⏰ Time: 12:00 PM 📍 Session: London to New York Overlap (AM) Pair: BTC/USD 📈 Direction: Long (Buy Side) 🔹 Entry Details: Entry Price: 93,883.46 Take Profit: 94,533.51 (+0.69%) Stop Loss: 93,858.02 (−0.03%) Risk-Reward Ratio: 25.55 🔹 Trade Context: Entered during the London–New York overlap, a peak liquidity window where breakout and continuation setups often occur.
CLong
by davidjulien369
Israel-Houthi conflict could put gold back on the bull run🗞News side: 1. The Israeli president said that they are on the eve of a "large-scale attack on the Gaza Strip" 2. The Houthi armed forces stated that all Israeli airports are their targets 3. The situation of the Russian-Ukrainian war and the follow-up events of the India-Pakistan conflict 📈Technical aspects: From a technical point of view, the current 1H moving average of gold is spreading upward, resulting in a small retracement. The short orders we hold are also closed in time at 3310 to lock in profits. After gold broke through the previous range, the upward channel opened. The 4H MACD diverged from the bottom, the golden cross and the green column enlarged, opening upward, and the overall 4H trend was bullish. Moreover, the support effect of the middle rail of the Bollinger Bands is obvious, and the gold price is accumulating strength below the upper rail of the Bollinger Bands, with strong upward momentum. Pay attention to 3310. After the support stabilizes, you can consider participating in long positions near 3310-3320, focusing on the 3290 line below; focus on 3375 above, and then consider participating in short sales near 3355-3365 after the pressure is under. If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell