Tradingsignals
Everyone selling GOLD to buy Bitcoin???Hey guys! New trading week is here, and we're entering market with Bitcoin ATH.
Today I want to talk a bit about gold.
And here are some interesting moments. First time since April we finally can see MA cross on a daily chart, and price of Gold is reacting with a big red candle.
Also, as a confirmation, we can see that the volumes are descending and RSI is heading to low edge.
Seems like after BTC ATH some money are flowing from Gold to Bitcoin. The target by Fibo can be zones 0.5 and 0.618.
What you think, guys, is really people starting to reinvest money from real gold to digital gold? Let's discuss
PS. If you're planning to trade the movement, follow the risk ratio, which I marked.
The gold market experienced sell-offs.Experts believe that the market's adjustment phase is a "temporary" reaction to Donald Trump's re-election as US President and maintains his opinion in favor of increasing gold prices in the near future.
During the question and answer session this morning, Governor of the State Bank Nguyen Thi Hong shared that "gold is also a headache for the world". She informed that before the State Bank intervened, the international price per ounce was about 2,300-2,400 USD, but has now increased to around 2,700 USD. Compared to the beginning of the year, precious metals have increased by more than 50%.
The USD skyrocketed after this event, and the gold market experienced sell-offs. Bond yields rose as investors worried that the tariffs and tax cuts that Mr. Trump promised before his election could cause inflation to rise again.
Morrison said, USD and interest rates increased. Gold prices fell sharply and found a bottom, then increased slightly in the last session of the week, gold was under strong selling pressure. Gold prices hold support from 2,635 to 2,675 USD/ounce. This is the resistance level of gold prices in the last week of September and early October.
AU Small Finance Bank - Technical Analysis Update and Key LevelsChart Overview:
The price action for AU Small Finance Bank shows it has been moving within a rising channel for the past few years, currently testing key support levels. The bank recently saw a price downgrade from Nomura, which adjusted the target price to ₹670, retaining a neutral rating. This adjustment reflects some cautious sentiment among analysts.
Key Levels and Fibonacci Retracement:
Channel Support - The stock is currently near the lower boundary of the long-term rising channel, a crucial area where it previously found support.
Fibonacci Levels - The stock has pulled back to the 61.8% Fibonacci retracement level around ₹565.65 from its recent highs, which often acts as a strong support level in technical setups. A further breakdown could push it towards the 50% retracement at ₹492.40, a potential next support.
Resistance - On the upside, resistance lies around the upper channel boundary and recent highs near ₹670-₹700, which aligns with Nomura’s target.
MACD Indicator:
The MACD currently shows a weakening momentum on the weekly chart, hinting at possible bearish pressure. A recovery in MACD or a bullish crossover could indicate a return to upward momentum.
RSI Analysis:
The RSI is approaching the oversold region. A bounce from this area might signal potential for reversal if accompanied by strong buying volume.
Conclusion:
AU Small Finance Bank is at a critical support level within a broader uptrend channel. Holding above ₹565-₹570 could lead to a rebound towards the upper end of the channel, with ₹670-₹700 as potential targets. However, if the price fails to hold, watch for the ₹492 level for possible support. The current technical setup suggests caution, especially with Nomura's neutral outlook.
Gold continues to decline according to the technical chart.Gold prices continue to decline according to the technical chart. World gold prices dropped sharply last Wednesday after Mr. Trump won the election to the White House.
The USD skyrocketed after this event, and the gold market experienced sell-offs. Bond yields rose as investors worried that the tariffs and tax cuts that Mr. Trump promised before his election could cause inflation to rise again.
Morrison said, USD and interest rates increased. Gold prices fell sharply and found a bottom, then increased slightly in the last session of the week, gold was under strong selling pressure. Gold prices hold support from 2,635 to 2,675 USD/ounce. This is the resistance level of gold prices in the last week of September and early October.
This week, the market is interested in some economic information such as US core CPI - data for the Fed to monitor inflation, weekly unemployment benefit data, US retail sales,... Owner Fed Chairman Jerome Powell will also speak on Thursday.
According to Adam Button, Director of Currency Strategy at Forexlive, the market is watching who will be America's next finance minister. He expects the price of gold to increase again if John Paulson is chosen, because he is a gold price speculator.
Be careful with BITCOIN !!!Now, it can be said that Bitcoin can reach $100,000 next year, and I believe in this. Technically, the price managed to break the megaphone, and this is confirmed when four or five candles close above this resistance. If this happens, you know better than I do what will happen next !!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Mastering the Anchored Volume Profile: Setup & Tutorial on TVMastering the Anchored Volume Profile: Setup & Tutorial on TradingView 📊
The Anchored Volume Profile is a powerful tool that traders use to visualize volume distribution over a specified price range, providing critical insights into market behavior. Here’s a detailed description of its setup and usage on TradingView:
In this video, we will be going in-depth into the following areas:
What is the Anchored Volume Profile?
The Anchored Volume Profile is a specialized indicator that helps traders understand the distribution of traded volume at different price levels. Unlike traditional volume profiles that analyze data over a fixed time period, the anchored version allows traders to anchor the volume analysis to specific bars, candles, or price points.
Why Use the Anchored Volume Profile?
Identifying Support and Resistance Levels: You can easily identify key support and resistance levels by analyzing where the most volume has been traded.
Spotting Trends and Reversals: High-volume nodes can indicate areas of strong interest, helping to predict potential trend continuations or reversals.
Improving Entry and Exit Points: Knowing where the market participants are most active can significantly enhance your decision-making process for entries and exits.
How to set up the Anchored Volume Profile on TradingView:
Add the Anchored Volume Profile Indicator:
Click on the “Indicators” button at the top of the chart.
Search for “Anchored Volume Profile” in the search bar.
Select it from the list and apply it to your chart.
Anchor the Indicator:
Click on the anchor icon that appears on the chart.
Drag it to the specific bar, candle, or price point where you want to start your volume analysis.
Customize Settings:
Adjust the settings to suit your trading style. You can modify the range, color, and other parameters to better visualize the data.
Using the Anchored Volume Profile:
Analyzing Volume Nodes: Identify high and low volume nodes. High volume nodes often act as support or resistance, while low volume nodes might indicate potential breakout areas.
Understanding Market Sentiment: See where the majority of trading activity has taken place to gauge market sentiment.
Making Informed Decisions: Use the insights from the volume profile to make better-informed trading decisions regarding entries, exits, and stop-loss levels.
Investors, Heads Up! XAUUSD Breakout Alert!Calling all traders! XAUUSD is blazing, smashing records with finesse! Here’s the latest:
XAUUSD Overview: Engaged in a gripping duel between 2682 and 2695. Is a breakout looming?
Bearish Outlook: Be alert for potential declines if it dips below the range! Targets: 2676 and 2667.
Bullish Outlook: Anticipate buying opportunities if it breaks above! Targets: 2700 and 2705.
Join the Discussion: Share your perspectives as we journey through this golden terrain! Let’s reach new heights together!
Gold price analysis November 8Fundamental Analysis
After Trump took office, hopes that his policies would boost economic growth and inflation, to a greater extent, overshadowed the dovish outlook of the Federal Reserve (Fed), which helped revive demand for the US Dollar (USD). In addition, a generally positive risk tone undermined the safe-haven precious metal.
Meanwhile, falling US Treasury yields could keep US bulls from placing aggressive bets and help limit any further downside in non-yielding Gold prices. However, XAU/USD, for now, appears to have stalled its nice recovery from the 50-day Simple Moving Average (SMA) support, or above the three-week low touched on Thursday, and remains on track to post a second consecutive weekly loss.
Technical Analysis
If the correction of gold fails to exceed the 2690 zone, the recovery may last until the beginning of the US session. Our target is around 2676 at this signal. Today's main port area is noted around the bottom of the 2650 correction wave. When gold breaks 2690, wait for a retest and BUY to the 2710 and 2730 zones.
World gold price recovers despite high USDWorld gold prices recover despite the high USD. Recorded at 9:50 a.m. on November 8, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.430 points (up 0.19%).
According to Kitco, central banks cutting interest rates, a wave of buying, and recently released US economic data... are supporting the recovery of gold prices.
On Thursday, the US Federal Reserve (FED) continued to cut interest rates. This was a move that many people had predicted and long expected. The Federal Open Market Committee (FOMC) lowered the federal funds rate by 25 basis points, in line with expectations. Interest rates are currently trading in a range of 4.5% to 4.75%.
The FED did not provide much guidance on the future path of monetary policy. They noted that the economy continued to grow at a solid pace.
Not only the FED, the Bank of England (BoE) has also just decided to cut interest rates further. In a long-awaited move, the BoE cut the bank rate to 4.75% on Thursday.
In addition, gold prices rebounded sharply after the release of US labor market data. Mr. Ernest Hoffman - market analyst at Kitco News - said that the US Department of Labor announced on Thursday that initial jobless claims increased to 221,000 in the week ended November 2. This figure was completely in line with expectations, as the general estimate forecast the number of claims was 221,000.
🔥 GOLD BUY 2683 - 2681🔥
✅TP1: 2690
✅TP2: 2700
✅TP3: OPEN
🚫SL: 2675
Gold price today, November 8: Reversing to go upGold prices jumped today as the US Federal Reserve (FED) cut interest rates by 0.25% as the market had predicted. Accordingly, the US base interest rate fell to 4.5-4.75%. This is the second time in 2024 that the FED has cut interest rates to reduce inflation to the 2% target and boost economic growth.
Lower interest rates have put pressure on the value of the USD and bond yields to fall, after rising sharply on November 7 - the time Donald Trump was elected US President. Since then, gold prices have become attractive to investors.
Bloomberg news agency reported that central banks around the world are concerned that Mr. Trump's policies could lead to slower global economic growth and higher inflation.
Analysts say that in the long term, the world gold price will continue to heat up because President Donald Trump intends to impose high import taxes. At that time, the price of goods in the US will increase, affecting inflation, causing the USD to depreciate, pushing the price of gold up.
🔥 XAUUSD BUY 2683 - 2681🔥
✅TP1: 2690
✅TP2: 2700
✅TP3: OPEN
🚫SL: 2675
Aditya Birla Capital Ltd. (NSE: ABCAPITAL) Technical AnalysisCurrent Price: ₹201.60 (-0.82%)
Price Target (Jefferies): ₹265, maintained at Buy
Technical Overview
Price Action: The chart reflects a strong support level near ₹197-₹201, where the price is currently hovering. The support zone is reinforced by a trendline that has been respected several times (highlighted with green arrows). This support level aligns with a high-volume node in the volume profile, indicating considerable buying interest around this area.
Volume Profile Analysis: A significant amount of trading activity has occurred around the ₹190-₹200 range, suggesting strong demand. On the upside, high trading volume can also be seen around ₹227 and ₹241, which could act as resistance if the stock attempts an upward move.
Moving Averages: The 50-day and 200-day moving averages are providing additional support and resistance signals. The stock is currently trading near its 200-day moving average, which has historically provided solid support. A sustained break below this level could indicate bearish momentum.
Resistance Zones: The stock has encountered resistance around ₹240 (indicated by red arrows), with multiple attempts to break this level failing. This level will be crucial for the next bullish wave, and a breakout above it could lead to a new upward trend.
Key Pattern Observations: A broad ascending triangle pattern is observed, with the stock making higher lows since last year. This bullish structure indicates underlying strength, but a break below the support line could invalidate this pattern.
Technical Indicators
1.RSI: The Relative Strength Index is nearing the oversold territory, suggesting that the stock may be due for a reversal or consolidation phase.
2.Support and Resistance Levels:
Immediate Support : ₹197
Critical Support : ₹190
Resistance Levels: ₹211, ₹227, ₹241
Outlook and Conclusion
With Jefferies setting a revised target of ₹265 and maintaining a Buy rating, there is an optimistic long-term outlook. However, in the short term, the price may continue to consolidate around the ₹190-₹200 support region.
Bullish Scenario: If the stock bounces off the ₹197 level, supported by increased volume, it could make another attempt to reach ₹227 or even test the critical ₹240 resistance.
Bearish Scenario : A sustained break below ₹190 might attract further selling pressure, pushing the stock toward the ₹175 region.
Investment Idea: Traders may look for buy signals around the support zones of ₹190-₹200, with a potential target near ₹227 and ₹240, while maintaining a stop loss slightly below ₹190.
Bitcoin to 100k this year?Hey guyys!
So Trump won the election and we have new BTC ATH!
And I think we all wondering where we can go now?
Let's check the chart and daily we have bullish MA cross, huge volume on this election day.
But, another day volume is not pretty nice and looks like more manipulative movement.
So I think if we will stay long at the ATH level without moving up with descending volumes, we could potentially see some correction.
If we stay above 69k, most likely after this short correction we can go up, if we're not holding this level we can go to 59-63k level.
Cause real rally for me, will happen in 2025.
What's your ideas, guys? Let's discuss in the comments? Are we going to 100k this year or only in 2025?
TCS Analysis - Multi-Year Deal with Air France-KLMTrend: TCS is in a strong uptrend within an ascending channel since 2021, signaling steady growth potential.
Technical Signals:
EMA Support : Price bounced above key EMAs (20/50/100/200), showing strong support.
Volume Surge : High buying volume after the Air France-KLM deal indicates increased investor confidence.
RSI : Above 50, supporting bullish momentum.
Levels to Watch:
Support : ₹3,995.45 – Reliable base.
Immediate Resistance : ₹4,411.25
Final Target : ₹4,587.95 – Top of the channel.
Trade Setup:
Entry: On pullbacks or above ₹4,217.30.
Stop Loss : Below ₹3,995.45.
Target : ₹4,411.25 - ₹4,587.95.
Gold price analysis November 7Fundamental Analysis
Gold (XAU/USD) extended losses for a second straight session on Thursday. The dollar-denominated precious metal faced downward pressure from a stronger US dollar (USD) following former President Donald Trump’s victory in the US election.
Gold prices are under pressure as safe-haven flows ease amid market optimism and the “Trump trade”. The move was driven by the apparent victory of the president, while the market had previously anticipated a controversial outcome.
The US Federal Reserve’s (Fed) policy decision will be in focus on Thursday. Markets expect a modest 25 basis point rate cut this week. This could be supportive for Gold as lower interest rates reduce the opportunity cost of holding non-yielding assets. The CME FedWatch tool shows a 98.1% chance that the Fed will cut interest rates by 0.25 percentage points in November.
Technical Analysis
After yesterday's sharp decline, Gold is being adjusted slightly higher at the beginning of today's Asian trading session. Pay attention to the 2677 port area for SELL strategies in the Asian and European sessions. The 2625 and 2603 support areas become key support levels and also become TP zones for SELL signals. The psychological port breakout zone of 2700 becomes an important resistance zone at the moment when Gold prices have some retests.
Nifty Bank Index Analysis (30-Minute Chart)Key Observations:
1.Fibonacci Retracement Levels:
The chart shows a clear downtrend from around 54,497 to the recent low near 50,279.
Key retracement levels include:
23.6% Retracement : Around 53,497, indicating minor resistance.
38.2% Retracement : Near 52,882, a level that has acted as resistance multiple times.
50% Retracement : Around 52,385, which has been retested recently.
78.6% Retracement is seen at 51,180.8, a key level of support.
2.Moving Averages (MA):
The 30-minute chart shows price movement interacting with multiple MAs.
The 200-period MA is an essential indicator of trend direction and resistance/support.
Shorter MAs like the 20 and 50 periods can highlight entry points during trend reversals.
3.Support and Resistance Levels:
Resistance: 52,389.90 and 53,497.15. Breaking these could signal bullish momentum.
Support: 51,195.90 and a lower support at 50,279.50, which marks the recent low.
4.Trendline Channels:
The index is moving within a channel, with an upward support trendline. The price respecting these levels might suggest range-bound movement with breakout potential.
3.Volume Analysis:
Recent volume spikes align with price testing key resistance levels, hinting at possible rejection or continuation if volume sustains.
World gold was sold off and plummetedGold sold off and plunged to its lowest level in 3 weeks after the unexpectedly decisive victory of Republican US presidential candidate Donald Trump.
The Federal Reserve's FOMC meeting appears to be overshadowed but also in the spotlight this week. The meeting began Wednesday morning and ended Thursday afternoon with a statement from the FOMC and a press conference from Fed Chairman Powell. Most people believe the Fed will cut its key interest rate by 0.25%.
“While the market expects a 25 basis point rate cut, any sign of a pause or slowdown in cuts will put further pressure on gold, which is already sensitive to rising interest rates and a stronger dollar",
“With a stronger dollar and rising yields, gold faces immediate downside risks, potentially extending towards the 50-day moving average at $2,636.66 an ounce if the Federal Reserve State signals more caution about future interest rate cuts.”
This puts a lot of pressure on Gold and we can completely believe that gold will fall even deeper
🔥 XAUUSD BUY LIMIT 2649 - 2647🔥
✅TP1: 2660
✅TP2: 2670
✅TP3: OPEN
🚫SL: 2638
🔥 XAUUSD SELL LIMIT 2676 - 2674🔥
✅TP1: 2665
✅TP2: 2655
✅TP3: OPEN
🚫SL: 2685
Bitcoin - Time to buy again!I was just waiting for the elections to be over. Now, it can be said that Bitcoin can reach $100,000 next year, and I believe in this. Technically, the price managed to break the megaphone, and this is confirmed when two or three candles close above this resistance. If this happens, you know better than I do what will happen next !!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BINANCE:BTCUSDT
Give me some energy !!!Finally, Bitcoin managed to go above the cup and handle resistance in the weekly timeframe, but it hasn't fully broken it yet. We need to wait for the weekly candle to close above this resistance. If that happens, we can anticipate the biggest rally in Bitcoin's history. That's it!!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Potential Correction Ahead for Waaree Energies Ltd After Strong Analysis:
1.Price Surge and Overextension: Waaree Energies Ltd has witnessed a sharp upward move, pushing prices significantly higher in a short period. This steep ascent could indicate an overextension, making the stock vulnerable to a pullback or consolidation phase.
2.Resistance Levels:
Immediate resistance is observed around the 3,600 level, with another support/resistance flip level near 3,300. Price nearing these levels might trigger profit-taking or selling pressure from short-term traders.
3.Overbought RSI Indicator: The RSI is currently in overbought territory, signaling an overvalued condition. Historically, an RSI above 70 often suggests a cooling-off period might be near, as buying momentum may slow down.
4.Volume Insights: The recent price rally has been accompanied by high volume, which validates the strength of the trend. However, any decrease in volume while the price stays elevated could indicate waning buying interest, strengthening the case for a correction.
Conclusion: Given the steep rise, overbought RSI, and proximity to resistance, caution is advised. A healthy correction could provide better entry opportunities. Monitor for potential reversal signals and volume changes to gauge the sustainability of this trend.
Trade Idea: Consider waiting for confirmation of a pullback or consolidation before entering new positions. Key support areas for potential retracement include 3,300, 2,625, and 2,280.
PAYTM Ascending triangle PatternPaytm Daily Chart Analysis
This daily chart of ONE 97 Communications Ltd (Paytm) shows a strong uptrend with prices consistently following an ascending trendline, forming a triangle pattern with higher lows. The stock is currently testing the resistance zone around ₹780 - ₹790, which aligns with previous rejections.
Key Observations:
1. Triangle Pattern Formation: A triangle pattern is forming as the price consolidates within narrowing boundaries, indicating a possible breakout soon. The lower trendline has acted as strong support throughout this rally.
2. EMA Support: The price is trading above the 13, 48, and 200 EMA levels, signaling a bullish sentiment. These EMAs have provided reliable support, reinforcing the ongoing uptrend.
3. Volume Analysis: There is steady volume, with spikes on green days, suggesting accumulation. This volume behavior often precedes a breakout, where a significant volume increase can confirm the direction.
4. Resistance Levels: The key resistance levels to watch are ₹790 and ₹803. A breakout above these levels, especially with high volume, could push the stock into new highs.
5. Potential Scenarios:
• Bullish Breakout: If the price closes above ₹790 with strong volume, it may lead to a breakout, targeting ₹850 and higher.
• Reversal Scenario: If it fails to break ₹790 and reverses, it may retest the support around ₹748. A breakdown below this support could lead to further downside toward ₹700 or lower.
RSI: The RSI is around 59, indicating mild bullish momentum. Watch for an RSI break above 60 to confirm strength on a potential breakout.
Summary: Paytm’s price action suggests a high probability of a breakout. Traders should watch for a close above ₹790 for confirmation. Maintain caution around resistance and support levels, as a failed breakout could lead to a pullback.
Disclaimer: This analysis is for educational purposes only and should not be considered as financial or trading advice. Please conduct your own research or consult a financial advisor before making any trading decisions.