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Gold Price Analysis July 10Fundamental Analysis Gold (XAU/USD) traded negative for the fourth consecutive day on Monday, despite no follow-through selling, remaining confined within a familiar range that has held for the past week or so amid mixed fundamental signals. Friday’s upbeat US jobs report dashed market expectations for more aggressive easing by the Federal Reserve, helping the US Dollar (USD) rise to near seven-week highs and weighing on the non-yielding yellow metal. In addition, the underlying bullish tone across global equity markets further undermined safe-haven Gold. However, any meaningful corrective pullback remains elusive amid persistent geopolitical risks stemming from ongoing conflicts in the Middle East, which tend to favor the precious metal. Traders may also want to wait for the FOMC meeting minutes to be released this Wednesday and the US consumer inflation data on Thursday. Technical analysis Gold has bounced strongly from the session support zone of 2640. At the moment, the trading range of gold is relatively wide and the NF has not been able to help gold form a new specific trend. In the h4 or h2 time frame, the trading range is clearly seen at 2635 and 2670. When this range is broken, the price will form a new trend. Besides, we pay attention to the areas that are prone to fake 2625 and 2685.
OANDA:XAUUSD
by TVS-Trader
DXY Set for a Sell-Side Liquidity Sweep Following HTF RejectionAnalyzing the recent price action of the DXY, it appears that a retracement to sell-side liquidity is in progress. Price has respected a higher timeframe order block (HTF OB) near 102.798, showing a significant wick into the OB before closing below it—a clear bearish signal. This indicates a likely push towards key sell-side liquidity around 100.215. Traders should watch for bearish continuation setups as liquidity pools are targeted. Always remember: DYOR (Do Your Own Research).
TVC:DXYShort
by INSIDER_INTEL
#202440 - priceactiontds - weekly update - goldGood Evening and I hope you are well. tl;dr gold: 2640 - 2700 is the range. Play it. Bulls bought the trend line on Friday and are free to continue the meltup. Above 2680 I expect another try of 2700 and a possible 3rd leg (W5) up to 2800 or higher. Bears need something below 2640 for maybe retesting 2600 (the bigger bull trend line is around that price) but for now I can’t see this happening. The rally/bubble is in full force and market is finding buyers on any pullback. Weekly chart gives a good picture. Last time market stalled 3 weeks before another strong leg up. Quote from last week: comment: Bulls hit 2700 as expected and we pulled back some. I do expect this pullback to become a great buying opportunity but I don’t know how far down bears can get it. Obvious magnets are the breakout price 2630, daily 20ema or the bull trend line around 2620. comment : My bearish target was 2630 and low of the week was 2646, I do think that is as good of an outlook as it gets. We are still low enough to justify buying 2667 but your stop would have to be 2640. Until the bull trend line and daily 20ema are broken, market is max bullish, so look for longs. current market cycle: very strong bull trend key levels: 2640 - 2710 (will probably break above again) bull case: Bulls have all the arguments on their side and all patterns are as bullish as it gets. Bull trend line held and a buy is a decent trade right now for 2700 or higher. My target for W5 is around 2780. If bulls fail at this smaller bull trend line, the next bigger one would be around 2600 and that is probably the absolute best bears could get over the next days/weeks. Invalidation is below 2600. bear case: Bears want to break below the minor bull trend line and the daily ema. We have not touched the daily 20ema for a month so don’t expect the first touch to be a strong break below. Bears do not have good arguments for more weakness and I won’t make some up. Anything below 2640 would surprise me and odds would rise to test down 2600 but right now it’s low probability. Invalidation is above 2710. outlook last week: short term : Neutral and I will only look for longs in Gold. If bears show strength, I might try a small short scalp and hope for 2630 or lower and then I wait for bulls to come around again. Making money on the long side here is the way to go. → Last Sunday we traded 2668 and now we are at 2667. Outlook. Was. Perfect. Hope you made some. short term: Neutral around 2640 - 2670 but favoring the bulls to break above 2670 for 2700 and higher. If bears show strength below 2640, it would be a reasonable trade to try a short for 2600. medium-long term - Update from 2024-09-22: Very strong breakout above, again. Market currently has no ceiling. Most likely 2700 next and I do think 3000 could be a potential target if we continue. There is certainly an argument for a measured move based on the bull rally from 2018-08 to 2020-08. current swing trade: None chart update: Added bull gaps to highlight the bullishness..
COMEX_MINI:MGC1!Long
by priceactiontds
#202440 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. tl;dr bitcoin: Strong week by the bears and 60000 held as expected. Bulls are currently not able to close a daily bar above the daily 20ema or 62000. As long as that’s the case, I expect at least a second leg down to 55000 or lower. Bulls need something above 63000 for me to doubt my bear case. Quote from last week: comment: 64500 was my clear invalidation level for many weeks now and bulls are staying above 65400 over the weekend. That’s confirmation for the bulls. Market has now formed another wedge and we could continue sideways until we hit the bull trend line around 65500. Bulls are in control of the market. comment: Strong start of the week by the bears and they want a second leg down to 57000 or lower. The daily 20ema is flat and market is oscillating around it. Bad place to trade in any way and you should wait for a clear direction again. Since we are inside nested triangles, watch for the 50% pb (mid point of the range) and how market reacts to it. current market cycle: trading range and bull trend on smaller tf key levels: 60000 - 70000 bull case: Above 63500 I think bulls can get to 65000 or higher again. We are still close and flat enough to view this as a normal pullback after a sell spike and that’s why I think bulls need to continue strongly on Monday or bears will likely take over and go for the second leg down. Invalidation is below 59800. bear case: They want a strong second leg down to 57000 or lower. Odds still favor them but they need to stay below 63000 or we might go back up again. The bull trend line is support until broken and you can’t be bearish in the pure hope of bears breaking it. Invalidation is above 63500. outlook last week: short term : Bullish for 67000 or 68000. → Last Sunday we traded around 65800 and now we are at 62700. Bad outlook. short term: Neutral around 62000-63000. Bearish below 59000. Bullish only on strong momentum up above 63000 for 65000 again. medium-long term - Update from 2024-10-06 : Something between 49000 and 70000. Big surprise, I know. I don’t know if we get a breakout of this range in 2024 again. current swing trade: None chart update: Highlighted the nested triangles and removed the rest.
CRYPTO:BTCUSD
by priceactiontds
Jio Financial Services (JFS): Navigating Key Levels with PositivJio Financial Services (JFS): Navigating Key Levels with Positive Momentum NSE:JIOFIN (JFS) is currently at a critical juncture, testing key support and resistance zones amidst positive market sentiment. Resistance Zones: 346 / 356 – The stock may face selling pressure near these resistance levels, but a breakout could signal renewed bullish momentum, especially considering the favorable news surrounding the company. Support Zones: 335 / 316 – These levels are crucial for short-term support. If breached, it could lead to downside pressure, but strong buying interest at these levels may act as a cushion, preventing further decline. Positive News Catalyst: JFS recently received SEBI's in-principle approval to establish a mutual fund business in collaboration with BlackRock. This strategic 50:50 joint venture, dubbed Jio BlackRock, combines BlackRock's global expertise in investment and risk management with JFS’s strong local presence and digital infrastructure. This marks a significant re-entry for BlackRock into the Indian market, positioning JFS for expanded offerings in the investment space. With this venture, JFS is poised to bring innovative financial products to the Indian market, which could attract investor interest and drive future growth. Positive sentiment from this news may create bullish momentum, and a break above the 356 resistance level could trigger further upside. Key Takeaway: The stock is likely to be influenced by both technical and fundamental factors in the near term. Traders should watch for price action near the 346 and 356 levels for potential breakouts, while monitoring support at 335 and 316 for signs of strength. Disclaimer: I am not a SEBI-registered Research Analyst. This analysis is for educational purposes only. Please conduct your own research or consult a financial advisor before making any trading decisions.
NSE:JIOFIN
by Fight_Bulls_vs_Bear
SWING IDEA - KPR MILL LTDToday, we delve into KPR Mill Ltd , where a confluence of technical factors suggests a potential swing buying opportunity. Reasons are listed below : KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential strength. Weekly charts showcase a bullish dragonfly doji, signaling a potential trend reversal, while daily charts reveal a bullish hammer pattern, enhancing positive sentiment. The stock bounced precisely off the 200-day Exponential Moving Average (EMA) on the daily chart, highlighting this level as a robust support. Continuous formation of higher highs affirms the sustained uptrend in KPR Mill Ltd, reflecting positive market sentiment. With the stock trading above both the 50-day and 200-day EMAs, there is added strength to the current positive trend. Target - 861 // 928 // 1050 StopLoss - weekly close below 716 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:KPRMILLLong
by Visionary_Growth_Insights
6
SasanSeifi|Is a Breakout Looming? Watch the 0.35 Resistance!Hey there, ✌ In the daily timeframe, as you can see, the price has entered a consolidation phase between 0.25 and 0.35 cents after a downward trend, maintaining the 0.25 cent level for nearly five months. Currently, the price is trading around the descending trend line at 0.31 cents. If we see demand and a breakout above the significant resistance level of 0.35 cents, and it holds, we can expect the price to rise towards the target of 0.40 to 0.42 cents. To understand the continuation of the trend, we should monitor how the price reacts at the first target. We may observe a pullback and then a renewed rise towards the supply area of the second target at 0.47 to 0.50 cents. The crucial support level remains at 0.25 cents. If the price does not behave as expected and breaks below 0.25 cents, the likelihood of further correction will increase. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
XAUUSD TRADE IDEAhi all Gold is currently trading within a 4-hour range. The price has already broken the initial trendline. Now, we are waiting for the second trendline, which is between the high of $2,672.96 and the low of $2,631.92, to break. A pullback to the 0.236% Fibonacci extension area might provide an opportunity to buy the dip and cut the position if the candle closes below $2,634.37. **My trading strategy is not intended to be a signal. It’s a process of learning about market structure and sharpening my trading skills, as well as for my trade journal.**
FX:XAUUSDLong
by mytw0cents
Ethereum Closes with 10% Loss, Testing Key Support at $2,400Market Update: Ethereum had a challenging week, closing with a 10% loss, briefly dipping below $2,400. ETH is now attempting to reconfirm $2,400 as support after wiping out all gains from September, turning market bias bearish. Technical Outlook: Ethereum is on the verge of making a lower low, and the coming days are crucial for the remainder of the month. If weakness persists, the price could drop to $2,200, but if buyers return, a recovery towards $2,500 is possible. #Ethereum #ETH #CryptoMarket #BearishBias #PriceAction #SupportLevels #ETHUpdate
COINBASE:ETHUSD
by Richtv_official