Gold Price Explodes Past Key Levels! Is $2500 Next?Trading Idea Breakdown for XAUUSD
Chart Overview:
Time Frame: 4-hour chart
Instrument: Gold Spot (XAUUSD)
Key Levels and Zones:
Daily LQZ (Liquidity Zone):
Level: 2450.370
Significance: Major liquidity area where price is likely to experience significant reactions.
4-hour / LQZ:
Level: 2437.909
Significance: Intermediate liquidity zone crucial for intraday trading decisions.
1-hour TP (Take Profit) Zone:
Level: 2419.054
Significance: Shorter-term take profit area, potentially indicating minor resistance.
Support and Resistance:
Key Support Level: Around 2410.920
Previous Top of Flag: Highlighted zone where price action showed previous resistance before breaking out.
Technical Patterns:
Flag Pattern:
The chart showcases a flag pattern where the price initially showed strong upward momentum (flagpole) followed by a consolidation phase within parallel lines (flag). The breakout from this flag pattern indicates a continuation of the bullish trend.
Upward Channel:
The price is currently moving within an upward channel, suggesting a controlled and steady rise in the price of gold.
Current Price Action:
Price: 2410.920 (at the time of the screenshot)
The price has broken out of the flag pattern and is currently trading near the 4-hour LQZ level.
There's an observed strong bullish momentum as the price approaches the daily LQZ.
Trading Plan:
Bullish Bias:
Given the breakout from the flag pattern and the upward channel, the bias remains bullish.
The price targeting the daily LQZ indicates further potential upside. For participating inside of this trade you would be waiting for the market to give some sort of pull back to the support box that we have indicated. The shadow vars that i have provided give a good representation of what we would be looking for in order for price to continue long.
Risk Management:
Ensure proper risk management by calculating position size according to your risk tolerance.
Monitor key levels for any signs of reversal or significant market reactions.
Longposition
Conflux _ Next Target is Box Size _ Biggest Profit (+1,456 % )Conflux, Trading in Side Waves or Box. Next Target is the Box Top and if Breakout above the Box, Box Target is USD 2.27048238. Offering the Chance to Achieve Biggest Profit of (+1,456%).
Suppose if Breakout bottom of the Box, exit all the positions.
Support me; I want to Help People Make PROFIT all over the "World".
ADA ANALYSIS🔮 #ADA Analysis - Breakout 🚀🚀
💲💲 In daily Timeframe,Falling Wedge Breakout is Done✅
But right now we can see that #ADA is trading around its crucial resistance zone and if #ADA breaks this resistance zone then we would see a bullish move 💯🚀
💸Current Price -- $0.4393
📈Target Price -- $0.7489
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ADA #Cryptocurrency #Breakout #DYOR
$TSLA not done going higher. $320-$330 by July 24. GET LONGSo we already know that Tesla deliveries came in 9000 more than what was expected, 438,000 expected verse 447,000 that Elon Musk posted on Twitter a couple weeks ago. Last quarter earnings per share of $.47 was slightly missed, and on July 23 they’re expected $.60 per share earnings. So IMO, That could indicate that even a slight earnings beat on revenue and earnings, would propel the stock to complete wave three at 2.618 Fibonacci level.
never mind, the whole Robo-taxi delay, which caused an 8% decline on Thursday along with the rest of the Big tech Nasdaq. I don’t think robotaxi is realistically a factor in their valuation just yet.
$CELH - Celsius Bull Run Starts Again?NASDAQ:CELH
Hey everyone! I've identified an ascending channel pattern on the Celsius weekly chart that started in 2022 (see weekly chart below) and has been playing out perfectly since then. When the price reaches the channel's bottom line, it reverses, and a bull run begins again. On the weekly chart, the price holds on the lower line and 100 EMA perfectly and bounces back up. UT Bot indicator gave a buy signal on the daily chart, and I think there is over a 50% profit opportunity. That's why I believe a swing-long trade would be perfect!
Weekly chart:
Uptrend - 2 year breakoutBased on resistance and support levels, price breaking parallel range above 2 year resistance supporting rejection and retracement. further upward move is expected ( if price stays above 2164 ) to 14%-15% price apprx. 2500.
*only checking buying position, no short selling
!!Personal views only. please do your own research!!
Buy xauusd Certainly! Here's a description you can consider using for TradingView:
"XAU/USD is currently showing a strong uptrend, with prices moving from 2382 to 2400. This upward movement presents a lucrative opportunity for forex traders to capitalize on potential gains. Considering the influence of the Consumer Price Index on gold prices, traders are advised to consider buying XAU/USD as it signals an increase in inflation rate, which historically has been favorable for gold prices. Keeping a close watch on the ongoing uptrend and CPI data can help traders make informed decisions in the current market scenario."
Long Opportunity for SAGA/USDT Based on Volume Profile AnalysisOverview:
This trade idea focuses on a long position for SAGA/USDT using volume profile analysis to identify key support and resistance levels. The setup involves entering the trade in the support zone and targeting higher resistance levels.
Volume Profile Analysis:
The volume profile indicates significant trading activity around the $1.22 - $1.40 zone, which suggests this as a strong support area. This provides a good entry point for a long position.
Trade Setup:
Entry : Long position between $1.22 and $1.40
Stop Loss : Set at $1.20 to manage risk below the support zone.
First Resistance/Targe t: $1.53, identified as the first significant resistance level.
Strategy if First Target is Broken : If the price breaks above $1.53, consider opening an additional long position and move the stop loss to $1.53 to protect the trade.
Final Take Profit : $2.15, which is the ultimate profit target based on higher volume nodes and previous price action.
Indicators :
RSI: Currently showing bullish signals, indicating potential for upward momentum.
ADX: Confirming a strong trend, supporting the long trade setup.
Conclusion :
This trade setup leverages volume profile analysis to identify high-probability entry and exit points. Proper risk management is emphasized with clearly defined stop loss and profit targets.
ETH Target REACHED ! Follow my Ethereum Analysis For those who followed my last analysis of ETH on the daily timeframe and had the patience to wait until we reached our target, I am pleased to inform you that we have reached a very important point of interest where there is a high probability that the price will consolidate a bit before bouncing back.
So far, the analysis has gone perfectly according to plan. Since Sunday, I have opened a percentage, and if it continues to drop a bit more, I will keep adding.
Regards, and thank you for your support.
NAHARSPINGHi guys,
In this chart i Found a Demand Zone in NAHARSPING CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
GUJARAT GAS LTD FOR LONG Gujarat Gas Ltd. is a prominent player in India's natural gas distribution sector. Here are some positive aspects about the company:
Market Leadership: Gujarat Gas Ltd. is one of the largest city gas distribution companies in India, providing natural gas to domestic, industrial, and commercial sectors.
Extensive Network: The company has a vast pipeline network, enabling it to reach a large customer base across multiple states.
Strong Financial Performance: Gujarat Gas Ltd. has demonstrated consistent revenue growth and profitability, reflecting its robust business model.
Environmental Benefits: The company promotes the use of natural gas, a cleaner and more environmentally friendly fuel compared to traditional fossil fuels.
Innovation and Technology: Gujarat Gas Ltd. continuously invests in advanced technology to enhance operational efficiency and customer service.
Government Support: The Indian government's focus on increasing the use of natural gas in the energy mix provides a favorable environment for the company's growth.
Customer-Centric Approach: The company is known for its customer-centric approach, providing reliable and efficient services to its clients.
Sustainability Initiatives: Gujarat Gas Ltd. is committed to sustainable practices and reducing its carbon footprint, aligning with global environmental goals.
Strategic Partnerships: The company forms strategic alliances and partnerships to expand its reach and improve service offerings.
Skilled Workforce: Gujarat Gas Ltd. boasts a skilled and dedicated workforce, contributing to its overall success and reputation in the industry.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
DEN NETWORK FOR LONG TERM MY VIEW ON 06.07.2024Den Networks Ltd is one of the largest cable distribution companies in India. Here's a detailed explanation:
Overview
Den Networks Ltd was established in 2007 and has grown to be a major player in the digital cable television and broadband sectors in India. It is part of the Reliance Group.
Business Segments
Cable TV:
Den Networks provides cable television services across multiple cities in India.
It offers a wide range of channels, including regional, national, and international content.
The company has been transitioning from analog to digital cable TV, which provides better picture quality and additional services.
Broadband:
Den Networks offers high-speed internet services.
It has been expanding its broadband services to cater to the growing demand for internet connectivity in both urban and rural areas.
Key Features
Wide Reach: Den Networks has a significant presence in several states across India, making it one of the most widespread cable TV service providers in the country.
Digital Transition: The company has been focusing on converting its analog cable subscribers to digital, which allows for more interactive services and higher-quality broadcasting.
Partnerships and Collaborations: Den Networks has formed strategic alliances with various content providers and other stakeholders in the media and entertainment industry to enhance its service offerings.
Financial Performance
Revenue Streams: The company generates revenue from subscription fees, advertising, and broadband services.
Investments: Den Networks has been investing in infrastructure and technology to improve its service quality and expand its customer base.
Challenges and Competition
Market Competition: Den Networks faces stiff competition from other cable and DTH (Direct-to-Home) service providers like Tata Sky, Airtel Digital TV, and Dish TV.
Regulatory Environment: Changes in regulations by the Telecom Regulatory Authority of India (TRAI) can impact the company's operations and pricing strategies.
Recent Developments
Reliance Acquisition: Den Networks is now part of the Reliance Group, which has provided it with additional resources and support to expand its services and improve its market position.
Technological Advancements: The company is continually upgrading its technology to offer better services, such as high-definition channels and faster internet speeds.
Den Networks Ltd continues to be a significant player in India's media and entertainment industry, adapting to changes and leveraging new opportunities to grow its business.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
XAU continues to increase - break $2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) marginally increased during Thursday's Asian session, but didn't surpass the near two-week high reached previously. The strong global equity market is hindering the safe-haven metal during the US Independence Day holiday. Traders are awaiting Friday's US Nonfarm Payrolls (NFP) report before making further investment decisions.
⭐️ Personal comments NOVA:
Gold price after breaking 2350 from the sideway zone 2310 - 2350, the Uptrend prevails, the Bulls prevail.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2349 - $2347 SL $2342
TP1: $2355
TP2: $2368
TP3: $2380
🔥BUY GOLD zone: $2337 - $2335 SL $2330
TP1: $2345
TP2: $2352
TP3: $2360
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Crude Oil "Triangle Pattern" Target 7100 and "Wolf Wave Target"A "Triangle Pattern" has formed in Crude Oil and Downtrend has "Breakout". So market is Bullish Trend. And the Target is Triangle's Top Trendline at INR 7100. Additionally, Expect a Breakout of the Triangle Pattern.
Don't miss the "Wolf Wave Target" Opportunity. If Breakout the Triangle Pattern, then the Next 2nd Target is Wolf Wave. Refer to the below image for Wolf Wave Target Achieved in Ethereum.
Guess 3rd Target ???
I want to help people Make Profit all over the "World". Additionally, I am Eager to Receive Money form Worldwide because of my Potential. Thank you
ALANKIT FOR LONG TEAM Steady Growth: Alankit has consistently demonstrated steady growth in its financial performance, reflecting its robust business model and strategic initiatives.
Revenue Streams: The company has diversified revenue streams, which contribute to its financial stability and reduce dependence on any single source.
Market Presence:
Wide Reach: Alankit has a strong presence across India with numerous branches and service centers, ensuring accessibility for a broad customer base.
Reputation: The company has built a solid reputation for reliability and trustworthiness in the financial services industry.
Innovative Services:
Technology Integration: Alankit leverages advanced technology to offer innovative and efficient services, enhancing customer satisfaction.
Service Range: The company provides a comprehensive range of services, including financial services, e-governance, health care, and insurance, catering to diverse customer needs.
Customer-Centric Approach:
Customer Focus: Alankit prioritizes customer satisfaction, offering personalized services and maintaining a high standard of customer support.
User-Friendly Platforms: The company’s online platforms and digital solutions are designed to be user-friendly, making it easy for customers to access and utilize services.
Strong Management:
Experienced Leadership: Alankit's management team consists of experienced professionals with a deep understanding of the industry, driving the company’s growth and strategic direction.
Visionary Leadership: The leadership’s visionary approach ensures that the company is well-positioned to capitalize on emerging opportunities and navigate market challenges effectively.
Corporate Governance and Responsibility:
Ethical Practices: Alankit adheres to high standards of corporate governance, ensuring transparency, accountability, and ethical practices in all its operations.
Social Responsibility: The company is committed to corporate social responsibility (CSR) initiatives, contributing to social development and community welfare.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
APE - W pattern?APE appears to be one of the best assets in crypto from a risk-reward perspective and has been in a macro accumulation phase for a considerable period.
The $1 support, which has become resistance, is very relevant for the upcoming period.
If APE manages to turn the $1 resistance back into support, we have confirmation that the price below $1 in the recent period was a fake-out.
On the other hand, at the macro level, APE seems to be forming a W pattern . Taking the macro support and resistance (accumulation) as the price objective and placing it above the $2.5 resistance indicates that we can reach $6.4.
Therefore, if we have confirmation that $1 is becoming support again and the recent movement below it was a fake-out, we have a potential 5x reward .
An invalidation of the fake-out would be if the price falls below $0.84 with a full body and consolidates below.