[INTRADAY] #BANKNIFTY PE & CE Levels(14/11/2024)Today will be slightly gap up opening expected in banknifty. After opening possible it will face immediate resistance at 50450 level and from this level expected downside in market. This downside can extend further 400-500 points if banknifty starts trading below 49950 level. Upside only expected in case it starts trading and sustain above 50550 level in today's session.
Priceactionanalysis
Gold Analysis November 13fundamental analysis
Gold prices pared some of their modest intraday gains, although they held above $2,600 heading into the European session on Wednesday. Uncertainty over the extent of trade tariffs promised by U.S. President-elect Donald Trump and their impact on the global economy dampened investor appetite for riskier assets, spurring some flows into the precious metal. In addition, some repositioning ahead of U.S. consumer inflation data turned out to be another supportive factor for the commodity.
Meanwhile, the U.S. dollar (USD) held steady at its highest level since early May amid hopes that Trump’s expansionary policies could boost inflation and limit the scope for Federal Reserve (Fed) rate cuts. The outlook still favors rising US Treasury yields, which, in turn, restrains any further upside for non-yielding Gold.
Technical Analysis
Yesterday, Gold fell back to the 618 Fibo extension level and this morning broke down from 2598 and flew up to 2613. We are currently waiting for a Break to find a Buy point, or at least a correction to the Retracement point at 2603 to detect a Buy signal, because at 2608 like this is a bit half-hearted. Choosing an uptrend for today, but it is only a correction, so before tonight's news, I will choose to buy with a short TP to the 2625 area (in case of breakout at 2615)
The SELL levels of 2625 - 2627, 2644 - 2646, 2658 - 2660 will be updated immediately at the time of real-time signal, the admins will notify.
The best Buy signal below is to wait for a break of 2593, the price will return to the levels of 2586, 2576 - 2574, a false break through 2565 to catch the entry of 2562 is also good, for other areas, scalp and don't expect too long, at least from the 2574 area onwards to think about holding.
GBPCAD can we see higher bearish push
GBPCAD higly good price action structure, price touch trend lines 2 times, we have visible and SYMMETRICAL TRIANGL inside trend lines-zone and CHANNEL pattern is visible its be breaked today.
Currently here bearish push still expecting till next long term trend line
SUP zone: 1.80200
RES zone: 1.77600, 1.77000
GBPJPY possible for another dropHey guys,
based on the chart price reach a key level and and a bearish reaction of sellers is visible on 15min timeframe and again if we change the time frame to 1H again we can see another foot print of sellers on candlestick chart.
So based on this scenario we can consider this movement as bearish.
Good luck
#NIFTY Intraday Support and Resistance Levels - 13/11/2024Today will be flat opening in nifty. After opening important level for nifty is 23800 level. In case nifty gives breakdown of this level and starts trading below 23750 then possible strong downside movement upto 23500 level in today's session. Upside 24000 level will act as a strong resistance for the nifty.
[INTRADAY] #BANKNIFTY PE & CE Levels(13/11/2024)Today will be flat opening expected in banknifty. After opening if banknifty starts trading below 50950 level then possible strong downside fall of 400-500 occurs in index. Downside 50550 will act as a support for today's session. Upside 51450 is the resistance level, if any upside rally above 51050 level will face this resistance and possible reversal from this level.
DOGEUSDThi
For now, we don't have any positive signal and the best case is to wait; If the $0.12172 resistance range is completely consumed, we can expect a break of the descending channel and an uptrend.
But now, due to maintaining the downward channelized movement, the probability of the continuation of the downward trend is higher.
What do you think?
Gold trading strategy november 12Fundamental Analysis
Gold prices fell to $2,600, or a fresh one-month low, heading into Tuesday’s European session on continued buying of the US dollar (USD). Investors remained hopeful that US President-elect Donald Trump’s expected expansionary policies could boost economic growth and boost inflation, limiting the scope for the Federal Reserve to ease policy. This sent US Treasury yields higher, further supporting the greenback and dragging the non-yielding yellow metal lower for a third straight day.
It was also the fourth negative move in the past five days for safe-haven gold, which appeared unaffected by concerns that Trump’s protectionist stance could spark a trade war. It will now be interesting to see whether the shorts retain control or choose to reduce their bets ahead of speeches from a host of influential FOMC members, including Fed Chair Jerome Powell, on Thursday. In addition, US consumer inflation figures on Wednesday will be looked at for clues on the Fed's rate cut path and provide fresh impetus to XAU/USD.
Technical Analysis
Gold prices broke the last support zone of 2606 and headed towards the 2582-2580 zone. Waiting for gold to close below the 2606 area on m30 and SELL signals to be established towards the 268x zone. Waiting for the early US session if the front port zone around 2592 is broken, then hold the sell signal to 258x. If it fails to break 2592, close SELL BUY at the beginning of the short scalp session back to zone 06 and continue SELL to trade within the range.
#NIFTY Intraday Support and Resistance Levels - 12/11/2024Nifty will open slightly gap up in today's session. After opening it will face resistance at 24250 level. Possible reversal from this level upto 24050. But in case nifty starts trading and sustain above 24300 then possible strong bullish rally upto 24550 level in today's session. Major downside expected below 24000 level.
Gold Analysis November 11Fundamental Analysis
Gold prices held firm around the $2,672-$2,670 range as they entered the European session on Monday, looking vulnerable to extending their recent pullback from an all-time high hit on October 31. The US dollar (USD) remained slightly below a four-month peak hit last Thursday amid optimism over Donald Trump’s expected expansionary policies, becoming the main factor weighing on the commodity for the second straight day.
In the meantime, investors appear to believe that Trump’s policies could boost economic growth and boost inflation, while limiting the Federal Reserve’s ability to ease aggressively. This has helped keep US Treasury yields high and contributed to outflows from non-yielding gold. However, a lighter risk appetite could limit losses for the safe-haven XAU/USD as traders await US consumer inflation data and Fed Chairman Jerome Powell's speech later this week.
Technical Analysis
The key breakout zone of 2663-2665 acts as immediate support in the European session on Monday. When this zone is broken, we will not buy half and wait for a retest to sell the breakout to the 2643 zone. When the price bounces strongly from the 2670 zone, the trend is that we will wait to buy when there are Dow breakout points. Our targets are around the 2706 and 2726 zones for SELL plans.
[INTRADAY] #BANKNIFTY PE & CE Levels(12/11/2024)Today will be flat or slightly gap up opening expected in banknifty near 52000 level. Strong bullish rally expected if banknifty starts trading and sustain above 52050 level. If banknifty opened below 51950 level then after opening it will face strong resistance at this level. Downside 51550 will act as a crucial support for today's session. Major downside expected if banknifty starts trading below 51450 level.
USDJPY UPDATEFrom the weekly chart, the price has reached the 61.5 Fibonacci retracement level and made a rejection at the price of 145.470 before dropping again to the level of 152.134 on the 1-hour time frame. Therefore, I am waiting for any possibility of a rejection as shown in the chart before deciding to continue selling USD/JPY
[INTRADAY] #BANKNIFTY PE & CE Levels(11/11/2024)Today will be flat opening expected in banknifty. After opening if banknifty starts trading below 51450 level then possible strong downside upto 51050 level. Bullish rally expected if banknifty sustain above 51550 level after the opening session. Upside 51950 level will act as a strong resistance for today's session.
Google is Taking a Break and accumulating for the 2nd run !Google returns to the inflection zone we had previously studied. This is good news because, after pulling back, we got a bounce in the same inflection zone.
What does this mean?
It means that the price is more than ready to continue its upward trend; however, it is just forming an accumulation pattern, where it could resume its upward movement at any moment.
Key points to follow:
Markets, in general, are bullish, and we are in a week of high market euphoria, which could support the price to continue rising.
Google continues to report positive news within the company.
Google’s prices have increased, indicating that higher figures may be reported in their next earnings report.
In my opinion, Google will remain in an accumulation range this week—it's a pattern where the price will hold steady this week before its next bullish run.
Thank you for supporting my analysis. TRADE SAFE! Best regards."