XAUUSD H4 Analysis And NExt Route Map for tradingPair Name = Gold
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2615 Gold Price level and 2638 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2620 to 2622. That indicates if Price breaks this level. Then we will see a small retesting period.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2638 to 2650 price level.
EMA 5 Crossing levels:-
2620 To 2622
Retracement Zone:-
2600 To 2615
Bullish Gold Levels:-
2638
2650
Bearish Gold Levels:-
2615
2600
2564
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move.Happy trading.
Technical Analysis
#NIFTY Intraday Support and Resistance Levels - 23/09/2024Today nifty will open gap up near 25950 level. After opening it will face strong resistance in between zone of 25950-26000 level. Strong upside bullish rally expected in case nifty starts trading above 26000 level. Downside 25800 level will act as an important support for today's session. Any major downside only expected below this support level.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/09/2024)Today will be strong gap up opening of 300-400 points expected in banknifty. After opening expected banknifty reach upto 54450 level and this bullish rally can be extend for another 400-500 in case banknifty starts trading above 54550 level. Any major downside only expected below 53950 level.
DreamAnalysis | Technical Analysis Dow Theory EP02📚 Welcome to the Educational Content Section of Our Channel: Technical Analysis Training
📚 Recap of the Previous Session:
In the previous session, we explained the first two principles of Dow Theory. Make sure to review and study them, and if you have any questions, feel free to reach out to us in the comments.
📖 Today’s Focus:
Principles 3 & 4 of Dow Theory
Now, let’s dive into Principles 3 and 4 of Dow Theory and explore them together.
🎨 What is Technical Analysis?
Let’s talk a bit about technical analysis and patterns in life. Technical analysis is not a science; rather, it is an art. Therefore, there is no right or wrong in art. Instead, we apply rules we have created through experience in this lawless market.
📑 Principles of Dow Theory :
1 - The Averages Discount Everything (Not applicable to crypto)
2 - The Market Has Three Trends
3 - Trends Have Three Phases
4 - Trend Continues Until a Reversal is Confirmed
5 - The Averages Must Confirm Each Other
6 - Volume Confirms the Trend
📊 Principle 3: Three Phases in Every Trend
According to Dow Theory, each major market trend is divided into three distinct phases:
1️⃣ Accumulation
In this phase, large and informed investors begin buying or selling assets at favorable prices. These groups consist of individuals and institutions with significant knowledge and financial resources, often acting contrary to the majority of the market. While most market participants may not yet notice price changes, these informed investors are positioning themselves to benefit from future market movements.
2️⃣ Public Participation
At this stage, most investors start recognizing the trend and begin participating in the market. The trend accelerates as public attention increases, and new capital flows in. This phase is typically characterized by a sharp rise in prices during a bull market or a sharp decline during a bear market.
3️⃣ Excess or Fear
In this phase, participants jump into trades out of fear of missing out on profits or due to panic over further losses. This phase often signals the nearing end of the major trend and is usually followed by a reversal or change in trend direction.
💡 Principle 4: Different Indexes Must Confirm Each Other
This principle states that the overall market trend must be confirmed by various indexes. It means that a bullish or bearish market trend can only be considered valid if other key indexes are moving in the same direction.
🔍 Example: To confirm a bullish market in a country like India, all major indexes, such as Nifty, Sensex, Nifty Midcap, and Nifty Smallcap, should be moving upward.
📝 Important Note: These principles were developed over a century ago, and it is natural that with today's diverse financial markets, there are varying views on their application.
⚠️ Please remember that these lessons represent our personal view of the market and should not be considered financial advice for investment.
BANK NIFTY INTRADAY LEVELS FOR 23/09/2023BUY ABOVE - 53900
SL - 53700
TARGETS - 54110,54300,54500
SELL BELOW - 53700
SL - 53900
TARGETS - 53500,53290,53020
NO TRADE ZONE - 53700 to 53900
Previous Day High - 54100
Previous Day Low - 53020
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 23/09/2024BUY ABOVE - 25800
SL - 25700
TARGETS - 25900,26000,26100
SELL BELOW - 25700
SL - 25800
TARGETS - 25610,25550,25490
NO TRADE ZONE - 25700 to 25800
Previous Day High - 25800
Previous Day Low - 25440
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Up or Down? Where are we going?I'm bullish on playing long. It's on an upward trend and has touched the line twice. I need three or more touches to give a bull signal. I predict it will retract more than the pump. Honestly, this stock could bloom or boom to the floor. From a fundamental standpoint, the company holds a bright future with the AI and tech boom. I hope they pull through with the tech boom and that the tech boom will use NVIDIA as a powerhouse asset.
SWING IDEA - GLOBUSSPRNSE:GLOBUSSPR has found its Swing Low levels at 710, which has also formed as a good Support as of now.
MACD levels are also moving upward steadily since the last few years indicating a good move upward.
If the market condition is stable for the next few weeks, we can see this stock moving up too.
Do not expect the stock to suddenly rally up as there is not much news about the stock in the recent months, so the Price movement could be pretty slow yet steady too.
Take this trade only based on your Risk Appetite and Risk Management.
SWING IDEA - GOLDIAMNSE:GOLDIAM bags INR 600m worth of order for Gold Jewelry.
In addition, even the MACD is about to make a crossover on the weekly charts. This can indicate a good move upward as it comes at the same time that even the company has bagged a very huge order.
If everything goes well, the stock could easily hit the next Support/Resistance zone very comfortably and further up too.
BTC breaking out of handle Structure for major cup and handlePrice action have broken through the 50-100-150 simple moving averages. all averages are aligned according to there respective timeframe. Moving averages are all sloping upward.
RSI ignored a potential downtrend and broke market structure.
Two curves shown are resistance and support for the price action. The break of structure occured roughly around the 14th of september.
Top line is the resistance of the handle. Another touch is possible with the way the market is leaning. The cross on the chart could be another potential trend touch, at around 68,600 as the next stop for what I beleive to be the bull market. That could be a week from now possibly based on the number of bars.
Volume is inclining.
Seat Belts everyone.
This is not financial advice.
Do your own DD, come to your own conclusions.
Thanks for looking at the idea.
EURUSD: Move Up Expected! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.11792
Wish you good luck in trading to you all!
GOLD: Local Correction Ahead! Sell!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,606.363$
Wish you good luck in trading to you all!
Dollar Index (DXY): Waiting For a Bearish Continuation
Dollar Index is trading in a strong global bearish trend.
Since the end of August, the market started to consolidate
within a wide horizontal range on a daily.
The signal that will signify a continuation of a bearish trend
is a breakout of a support of the range and a daily candle close below that.
It will push the prices lower at least to 99.8
❤️Please, support my work with like, thank you!❤️
SasanSeifi|Metis Analysis: Potential Breakout Ahead?
In the 10-hour timeframe, as you can see, The price has touched the downward trend line four times and is now trading around the critical $32 level. Given the previous interactions with the trend line, a breakout seems possible.
If the trend line is broken, we can expect the price to rise towards targets around $35, followed by a potential further increase to the $37-$38 range after a minor correction. To understand the ongoing trend better, observe how the price reacts to the $35 level. Key support is at $29-$28.
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! ✌😊
AUDCAD: Bullish Stocks And Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.92150 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.92150 support and resistance area.
We would also like to consider the current bullish bias on Indices, due to the positive correlation AUDCAD can benefit from that.
Trade safe, Joe.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 144.500 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 144.500 support and resistance area.
Trade safe, Joe.
NIO (NIO): 55% Increase but Bearish Trends Still LoomA while back, we analyzed NIO, and recently, we’ve seen a considerable 55% increase in the stock price. However, despite this rise, nothing truly convinces us that this bearish trend has ended or that a sustainable upward movement is underway.
The critical factor here is that none of the key levels that need to be breached for a trend reversal have been crossed. Specifically, we’re looking at the current Wave ((iv)) level around $6.04. If this level isn’t breached, it’s likely that we could see further declines, possibly dipping into the $2.99 range—or even lower, potentially as far as $1. It may seem dramatic, but considering NIO has already dropped up to 62% since January, repeating such a decline isn’t out of the question.
In conclusion, the market remains quite weak, and we’re still cautious about the possibility of more significant setbacks. Always remember, it’s okay to stay on the sidelines and not invest in everything that catches your eye. 🤝
DreamAnalysis | S&P 500 Entering a Crucial Phase , Stay Ahead!✨ Today’s Focus: S&P 500 Analysis :
We're diving into one of the key assets in the stock and indices market: the S&P 500. Let's explore what potential movements we can anticipate for the upcoming week.
📊 Current Market Overview :
The S&P 500 has just swept a major buy-side liquidity level, specifically the All-Time High (ATH). This could signal a move towards lower prices, indicating a potential retracement or even a reversal. Additionally, there’s a clear divergence in market structure (SMT) between the S&P 500 and the Nasdaq (US100): while the S&P 500 has taken out its ATH, the Nasdaq has made a lower low. This divergence reinforces the possibility of a downward move.
🕓 Identifying Key Levels :
Here are some critical zones currently present in the market:
- PML : Previous Month Low
- BSL : Buy-Side Liquidity (ATH)
- SSL (EQL) : Sell-Side Liquidity, a key target for price movements
- 4H FVG : 4-Hour Fair Value Gap, a potential retracement zone indicating an area of imbalance
- SMT : Smart Money Technique, signaling further confluence for a move lower
- BPR : Balanced Price Range, another zone of imbalance to watch for potential corrections
These levels are significant as they represent areas where the price typically seeks liquidity, facilitating its movement toward the next target. The Fair Value Gap (FVG) also highlights areas where the market might seek to rebalance, providing further clues for future price action.
📈 Bullish Scenario :
For any potential long positions, we should look to lower timeframes for a sweep of Sell-Side Liquidity (SSL) or a tap into a key Fair Value Gap. Once this occurs, targeting a Buy-Side Liquidity level could present a buying opportunity. However, keep in mind that this strategy is riskier, as the higher timeframe outlook appears bearish.
📉 Bearish Scenario :
Currently, the market offers opportunities to look for lower timeframe entry models to establish short positions. These trades would target Sell-Side Liquidity levels. Monitoring the Nasdaq for correlation is also crucial, as we want the two indices to align before executing any trades.
⚠️ Disclaimer :
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and consult a licensed financial advisor before making investment decisions.