XPeng: Knock Knock 🚪The XPEV share is currently trying again to establish itself below the $7.51 support level. We assume that it will succeed in doing so soon. The green wave (2) should lead to a sell-off to the blue Target Zone (coordinates: $5.31 - $3.01). There we expect the low of the protracted correction and thus a long-term trend reversal. Traders and (long-term) investors can take advantage of the price range to build up long positions.
Chartanalysis
GBP/USD's Rise Outlook, Targeting 1.2500 Resistance LevelThe British Pound (GBP) extended its gains to 1.2480 in Thursday's European trading session. The GBP/USD pair is experiencing a period of heightened increase, propelled by a strong adjustment in the US Dollar, alongside growing expectations that the Bank of England (BoE) will postpone interest rate cuts.
The GBP/USD pair is rebounding from the 1.2400 level and focusing on surpassing the psychological resistance level of 1.2500. The Relative Strength Index (RSI) is currently trading above the 60 level, a positive sign indicating that GBP/USD may continue its strong growth trajectory in the near future.
Gold Still In Buy trend !!!Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Tencent Major Trend ReboundHKEX:700 after years of down trend it is showing some sign of trend bottoming. Mainly supported by company share-buyback in the past few weeks.
While selling pressure from the market is not strong to pull the price lower after each selling. This is indicating that the selling pressure is weak. Which supports the kick start of a bullish trend.
In short term, the price movement continue to show bullish where the selling pressure erased with price marking back higher after sell down in the past 3 trading days. A short term rebound from recent retrace is on the way.
[INTRADAY] #BANKNIFTY PE & CE Levels(18/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level in todays session.Any Major downside only expected in case banknifty starts trading below 47450 level to 47050 level.also possible reversal downside 47950 level.
Fantom: Docked in 🚢⚓FTM has reached our magenta Target Zone ($0.76 – $0.50). Here, we expect the low of this same-colored wave (ii). Long positions could be opened here accordingly. Stops could be placed around one percent below the lower edge. With the low in place, a rise above the $1.22 mark should be on the cards.
#AUDJPY bullish possible continuation movePrice has correctively reached an important medium-term support zone , which is further reinforced by the presence of the 200EMA.
Additionally, we observe that the price has taken out liquidity from the low and formed what appears to be a double bottom pattern.
These indications suggest the possibility of a bullish continuation move, potentially driving the price back to previous highs and beyond.
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XAUUSD Again Buy now !!!!!Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Gold Prices Rise on Powell's Remarks Amid Middle East TensionsAt the end of Tuesday's US trading session, the price of gold rose higher by 0.22%, following Federal Reserve Chairman Jerome Powell's hawkish remarks. This provided a favorable momentum for gold's growth amid escalating political tensions between Iran and Israel.
Looking at the chart, it's evident that the price of gold is heading towards the target of 2,400 USD. Breaking through this threshold won't just mark a significant milestone but also present an opportunity for gold to surge further, with potential subsequent levels reaching 2,431 USD and 2,450 USD.
Analyzing Gold Prices in the Upcoming PeriodGold sideway around the $2,385 level in Tuesday's Asian trading session, with expectations of further rising to $2,400. However, diminishing political tensions in the Middle East and upbeat economic data from China are exerting downward pressure on gold prices. Therefore, the current trend is towards correction, possibly testing the SMA 20 area before resuming its upward trajectory.
T-Mobile US: Downhill ⛷️TMUS was able to pull out of its green Target Zone ($168.80 - $161.69) on the downside. As we consider the high of the green wave (B) to be already established, we now expect a pronounced sell-off to below the support at $154.38. Our 37% probable alternative scenario, on the other hand, calls for a slightly different development. If the Zone is overshot, it will lead to a higher high of the green wave alt.(B).
Gold: Destination Reached 📌The gold price has now reached the levels at which we expect the high of the orange-colored wave c and thus of the turquoise-colored wave B. We anticipate that the price will turn around and then sell off sharply. After all, we consider the current rise to be merely corrective in nature.
Gold Prices Reach Record High Amid Middle East TensionsThe price of gold has risen to a new record high, closing at the resistance level of $2,400 USD in the Asian trading session on Friday. The escalation in gold prices is driven by political tensions among Middle Eastern countries, despite the Fed's anticipated interest rate cut in September.
Currently, the price of gold is facing difficulty in surpassing the $2,392 USD level, after reaching a new high at $2,396 USD. However, if the price continues to rise and breaks through the $2,400 USD threshold, it could generate a stronger bullish trend, aiming for the psychological level of $2,450 USD.
Although the Relative Strength Index (RSI) is at an overbought level, nearing 72.5, this indicates that there are still plenty of opportunities for buyers to demonstrate their strength.
[INTRADAY] #BANKNIFTY PE & CE Levels(12/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 48950 level then possible downside rally of 400-500 points upto 48550 Level & this rally can can extend another 400 points if market gives breakdown 48450 level in todays session.Any Major upside only expected in case banknifty starts trading above 49050 level to 49450 level. also possible reversal upside 48550 level.
Fiserv: Time to Descend 🧗🏽♀️The price of Fiserv should have recently placed the high of the magenta-colored wave (1). We now expect the magenta target zone to be reached between $134.54 and $120. Within this range we expect the low of the same-colored wave (2). We consider it 37% likely that a higher high of the magenta-colored wave alt. (1) will occur.