GOLD analysis week 36🌐Fundamental Analysis:
Gold prices fell about 1% as the US dollar and US Treasury yields rose sharply after US inflation data matched expectations over the weekend. However, given the Federal Reserve's September rate cut and geopolitical tensions remain a risk, gold still has plenty of potential support on a fundamental level.
Gold prices closed slightly lower this week but still held the $2,500/ounce mark. Next week, investors will receive US ISM data and non-farm payrolls reports, which are expected to cause major fluctuations in the gold market. Next week's NFP data will be the main focus, as Fed Chairman Jerome Powell and other members have also focused heavily on the upcoming employment data during the Jackson Hole conference.
Meanwhile, tensions in the Middle East have boosted safe-haven demand for gold. Signs of steady buying from central banks in emerging markets also support prices.
📊Technical analysis:
Looking at the D candle, selling pressure has started to appear on gold. The buying pressure at the end of the day is insignificant and there are ready to be more sell-offs next week. Returning to the familiar H4 time frame, the breakout area of 2512 becomes the immediate resistance zone to push gold prices deeper. The declines may extend to the 2485 area and even the 2470 area next week. The downtrend is the path of least resistance for gold. After rejecting the resistance level of 2525 many times, gold may easily break through this hook once again and move straight to the important resistance zones of 2530-2540-2550.
Resistance: 2412 - 2420 - 2430 - 2440 - 2450
Support: 2494 - 2485 - 2470
🕯Trading Signal:
BUY GOLD 2485-2483 Stoploss 2480
BUY GOLD 2472-2470 Stoploss 2467
SELL GOLD 2513-2515 Stoploss 2518
SELL GOLD 2530-2532 Stoploss 2535
Priceactionanalysis
EURUSD Analysis week 36🌐Fundamental Analysis
EUR/USD continued to fall sharply on Friday, extending its decline into a third straight day and dragging Fiber down to 1.1050 to close the trading week. EU inflation figures released on Friday morning failed to impress anyone in particular, and the US Personal Consumption Expenditures (PCE) price index did not deviate too far from forecasts, leading the broader market to bet on a rate cut heading into the Federal Reserve’s next rate call on September 18.
With the PCE inflation data out and offering no warning signs, the way has been opened for next week’s Non-Farm Payrolls (NFP) print, one of the last major economic data points that stand in the way of the Fed and markets clamoring for a rate cut. Next week will also open on a low note, with US exchanges expected to remain closed for the Labor Day holiday. Several Purchasing Managers Index (PMI) releases are also scattered throughout the trading week.
📊Technical Analysis
EURUSD remains in an uptrend, with a pullback over the weekend that could be a stepping stone for further gains in the coming days. On the D1 timeframe, the EMA 34 is sloping sharply higher than the EMA 89, indicating that the market structure is tilted to the upside with the most recent trading range around the support of 1.100 and the resistance of 1.127. With the pullback after meeting strong resistance as analyzed last week, the pair is still entering a strong growth phase. The upside slide could revisit the two-year high around 1.146 and the deepest, most reliable support level next week is placed by investors around 1.090 to prevent the pair from sliding too sharply.
Resistance: 1.128-1.146
Support: 1.100-1.090
🕯Trading Signal
SELL EURUSD zone: 1.127-1.129 Stoploss 1.131
BUY EURUSD zone 1.100-1.098 Stoploss 1.096
SWING IDEA - NETWORK 18 MEDIANetwork 18 Media , a prominent player in the media and entertainment industry, is showing signs of a promising swing trade opportunity based on several key technical indicators.
Reasons are listed below :
75-80 Support Zone : The 75-80 level is a crucial support zone that has held multiple times, indicating strong buying interest at these levels.
Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart suggests a reversal of the previous downtrend and indicates strong buying pressure.
0.618 Fibonacci Support : The stock has retraced to the 0.618 Fibonacci support level and is now bouncing back, indicating a potential reversal and continuation of the uptrend.
Breaking Consolidation Phase of 2+ Months : Network 18 Media is breaking out of a consolidation phase that lasted over two months, signaling the beginning of a new bullish trend.
Decisive Break Above 50 EMA : The price has decisively broken above the 50-day exponential moving average, confirming the bullish sentiment and providing a strong support level.
Target - 105 // 120 // 135
Stoploss - weekly close below 81
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.
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SWING IDEA - BIRLASOFT Birlasoft , a leading IT solutions provider, presents a swing trading opportunity based on its current technical indicators.
Reasons are listed below :
600 Zone as a Strong Support : The 600 level has been a significant support zone for Birlasoft, acting as a key level where buyers have stepped in to support the price.
Hammer Candle on Weekly Timeframe : The formation of a hammer candle on the weekly chart is a bullish reversal pattern, indicating that selling pressure has been absorbed and buyers are taking control.
0.5 Fibonacci Support : The stock is holding at the 0.5 Fibonacci retracement level, which is often a strong support level, suggesting that the stock may be poised for a rebound.
100 EMA Support on Weekly Timeframe : The 100-week exponential moving average is providing additional support, reinforcing the bullish sentiment and indicating a potential for upward movement.
Target - 680 // 733 // 845
Stoploss - weekly close below 549
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
SWING IDEA - L&T TECHNOLOGY SERVICESL&T Technology Services (LTTS) is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
4700 Resistance Zone Breakout and Retest : The 4700 level has been a significant resistance zone. The price broke above this level, retested it, and is now continuing its upward move, indicating strong bullish momentum.
Bullish Engulfing Candle on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart signifies strong buying pressure and suggests potential for further upward movement.
200 EMA Support on Daily Timeframe : The stock is finding support at the 200-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level.
0.382 Fibonacci Support : The price is also supported by the 0.382 Fibonacci retracement level, further strengthening the case for an upward move.
Target - 5420 // 5870
Stoploss - daily close below 4390
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
GBPUSD 1.31790 -0.09 % LONG IDEA PM SESSIONHELLO TRADERS
Hope everyone is doing great
📌 A look at The CABLE Heading into the NY PM SESSION
* With With string bearish run open today, looking for a possible bullish PM session.
* On the 1h we see a CISD + CHOCH on lower tf + fvg on the 15M.
* looking for some sort of reversal before continuation bearish.
* Looking for the take of that IRL.
* Looks like we are in a seek & destroy profile looking to take as such
* with two possible OTE, EXECUTION IS BASED ON RR & RISK MANAGEMENT.
* Looking at the 1H FVG, POSSIBLE TARGETS .
* Should this PD ARRAY hold will be LONG for the GBPUSD intraday PM session.
* BASED on the price action served next session...
* We will see what does the market dish.
🤷♂️😉🐻📉🐮📈
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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* ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Gold price analysis August 30Fundamental Analysis
Upbeat US growth reports and initial jobless claims have pushed back expectations of a deeper Federal Reserve rate cut in September, weighing on non-yielding gold. However, escalating geopolitical tensions in the Middle East and the war between Russia and Ukraine could boost safe-haven demand, benefiting the yellow metal.
Investors will be closely watching US inflation data for further insight into the potential size of the Fed’s rate cut. The core personal consumption expenditure (PCE) price index, the Fed's preferred inflation gauge, is estimated to have risen 2.7% year-on-year in July, up from 2.6% in June. A weaker-than-expected PCE reading could prompt the Fed to start a rate-cutting cycle, acting as a bullish catalyst for XAU/USD.
Technical Analysis
Gold is pushing higher in the European session ahead of an all-time high. If the resistance at 2525 is broken before the US session starts, we will see a new ATH around 2450. In the event that gold is pushed below 2525 and the US enters, it could push gold deeper into the current support at 2503-2494 as a hurdle ahead before heading towards 2485 to end a volatile Friday for gold.
Resistance: 2530 - 2535 - 2543 - 2550 - 2558 - 2568
Support: 2513 - 2505 - 2500 - 2494 - 2485 - 2472
SELL zone 2541 - 2543 stoploss 2547
SELL zone 2548 - 2550 stoploss 2554
BUY zone 2509 - 2507 stoploss 2503
BUY zone 2485- 2483 stoploss 2480
USDJPY trading signalsUSD/JPY stays pressured below 145.00 after hot Tokyo inflation data
USD/JPY remains under pressure below 145.00 in Asian trading on Friday, The Japanese Yen is underpinned by hot Tokyo annual CPI data, which fans hawkish BoJ expectations. The pair's downside, however, is cushioned by the recent US Dollar strength and a better mood. US PCE eyed.
BUY USDJPY now zone 145.000-144.800
Stoploss 144.700
Take Profit 1 145.300
Take Profit 2 146.000
Asian session volatility August 30Gold prices lost momentum amid a stronger US dollar on Friday. Upbeat US growth reports and initial jobless claims pushed back expectations of a deeper interest rate cut by the US Federal Reserve (Fed) in September, weighing on non-yielding bullion. However, escalating geopolitical tensions in the Middle East and the war between Russia and Ukraine could boost safe-haven demand, benefiting the yellow metal.
Gold could be pushed higher as the European session begins. Look for buy zones around 09-07 or 03-01. Further trading strategies will be updated soon.
Gold Analysis August 29Fundamental Analysis
Gold prices recovered some of their losses on Thursday after bouncing off a weekly low below $2,500. Expectations of a U.S. interest rate cut could boost demand for gold as lower rates reduce the opportunity cost of holding non-yielding bullion. In addition, the current political uncertainty in the U.S., geopolitical tensions in the Middle East and global economic concerns have contributed to the rise in the precious metal.
On the other hand, renewed demand for U.S. dollars could weigh on gold, which is priced in dollars, as it makes gold more expensive for most buyers. Investors will be closely watching Thursday’s second estimate of U.S. second-quarter (Q2) gross domestic product for more information on the size and pace of the Federal Reserve’s rate cuts. On Friday, the US Personal Consumption Expenditures (PCE) Price Index data for July will be in focus.
Technical Analysis
In the Swiss session, gold pushed to the 2416 zone when it failed to break the resistance level of 2521. Considering that the European session can push back above 2551, we can consider retest buy orders and keep the buy order if the 2421 zone is broken. If the European session cannot push above 2421, we can SELL to the 2511 zone and catch BUY again around 11-09 when the session fails to break this zone and keep the order until the end of the US session. In case of a break on 11-09, we wait for support zones to buy scalp such as 2503-2495 and buy strongly when the price reaches 2585.
SELL zone 2527 - 2525 stoploss 2531
SELL zone 2548 - 2550 stoploss 2554
BUY zone 2510 - 2508 stoploss 2504
BUY zone 2485- 2483 stoploss 2480
Gold analysis asian session august 29Gold structure in the Asian session on August 29.
After bouncing from the support zone of 2495 as analyzed yesterday. Gold was strongly pushed back above yesterday's resistance zone of 2511. The 2511 zone unexpectedly became an important support zone of today's session and then the resistance level of 2518 became a trading price range for gold in the Asian session to the European session. With the strong pulling force here, it can be seen that gold is ready to create a new ATH today if gold does not have the pulling force to the 2485 area.
Pay attention to trading in the 2818-2511 zone in the Asian session
GBPJPY trading signals✍️DCA stands for Dollar Cost Averaging - which means averaging the price, simply put, it is when a trader buys an asset many times at different prices.
✍️This is a very popular strategy in finance and cryptocurrencies. The main purpose of the averaging strategy is to effectively minimize investment risks. And increase profits when the market is trending.
🤑🤑In the GBPJPY signal, we had a positive DCA when the price broke out of the DOW zone and the resistance zone at 190.700. The DCA point went in the right direction and brought great profits for the two signals.
SWING IDEA - IEXIndian Energy Exchange (IEX) is exhibiting promising technical signals that suggest a potential swing trade opportunity.
Reasons are listed below :
170 Zone as New Support : The 170 level was previously a resistance zone and has now turned into a support level, indicating strong buying interest.
Hammer Candle on Weekly Timeframe : The formation of a hammer candle on the weekly chart suggests a potential reversal, signaling a shift from a bearish to a bullish trend.
0.5 Fibonacci Support : The stock has found support at the 0.5 Fibonacci retracement level, indicating a potential bounce and continuation of the uptrend.
Trading Above 50 and 200 EMA on Weekly Timeframe : IEX is trading above the 50 and 200-week exponential moving averages, confirming the bullish sentiment and providing strong support levels.
Breaking Consolidation Phase of 2+ Years : The stock is breaking out of a long consolidation phase that lasted over two years, signaling the start of a new bullish trend.
Target - 205 // 245 // 300
Stoploss - weekly close below 155
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
SWING IDEA - WELSPUN LIVING Welspun Living , a leading company in the home textiles sector, is presenting a compelling swing trading opportunity based on several key technical indicators.
Reasons are listed below :
Head and Shoulder Pattern Breakout : The price has broken out of a head and shoulder pattern, indicating a bullish reversal and potential for further upward movement.
170 Resistance Zone Breakout : The 170 level was a significant resistance zone. The price has broken out above this level and is sustaining, indicating strong bullish momentum.
Bullish Marubozu Candle with a Strong Close : The recent formation of a bullish marubozu candle with a strong close signifies strong buying pressure and suggests potential for continued upward movement.
Breaking 3+ Years of Consolidation : The stock is breaking out of a long consolidation phase that lasted over three years, signaling the start of a new bullish trend.
Gradual Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Target - 200 // 250
Stoploss - weekly close below 145
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