M15 has a ChoCh. Overall trend is bearish. Price presented itself according to my entry model. Took a short trade for 1:3RR.
Gold prices continue to trade sideways within a familiar range, reflecting a phase of indecision as traders await fresh catalysts for the next directional move. Support for XAU/USD comes from geopolitical tensions, ongoing concerns about trade wars, and the recent decline in US Treasury yields, which bolster the safe-haven appeal of the precious metal. From a technical perspective, the recent sideways price action can still be categorized as a bearish consolidation phase, aligning with the broader downtrend from last week. The breakdown earlier this week below a four-day ascending channel has tilted the bias in favor of sellers. However, neutral oscillators on the daily chart suggest that any slide below the overnight low of $2,622-$2,621 could encounter support near the $2,600 mark, where buyers might reenter. On the upside, immediate resistance is seen around $2,655, with the next hurdle at $2,666. Should gold breach this level, it could target the $2,677-$2,678 zone, paving the way for a potential rally toward the psychological barrier of $2,700. In the current scenario, gold’s consolidation reflects the market's cautious stance. While bearish forces hold the upper hand, the $2,600 level remains a critical support zone, ensuring that the downward movement remains measured for now. A decisive breakout on either side of the range will likely set the tone for gold’s next move.
https://www.tradingview.com/x/H4yLRsvx/ AUDUSD set a new lower low lower close on a daily, violating a support line of a descending triangle pattern. It indicates a continuation of a current bearish trend. We can expect a bearish movement to 0.64 level with a consequent continuation to 0.637 ❤️Please, support my work with like, thank you!❤️
Zeal Aqua Limited (4H Chart Analysis) Current Price: ₹12.90 Key Levels: Support Zones: ₹12.21 | ₹10.21 Resistance Zones: ₹12.32 | ₹15.77 | ₹18.45 --- Pattern Explanation: Double Bottom Pattern: Chart par ek double bottom formation dekhne ko mil raha hai, jo ek strong bullish reversal pattern hota hai. Price ne do baar lower support zone (₹10.21) ko test kiya aur wahan se reversal dikhaya. Is pattern ka breakout ₹12.32 ke upar confirm hota hai. Breakout ke baad price ₹15.77 aur ₹18.45 tak ja sakta hai. Moving Average Crossover: Price ne 200 EMA ko tod diya hai, jo ek aur bullish confirmation hai. Long-term resistance tod kar price uptrend mein jaa sakta hai. --- Trade Setup: Entry: ₹12.32 ke upar breakout ke confirmation ke saath. Stop Loss: ₹10.21 ke neeche. Target 1: ₹15.77 Target 2: ₹18.45 --- Volume Analysis: Volume me gradual uptick dikh raha hai, jo breakout ke liye zaroori hai. Agar volume high rahe toh breakout sustainable hoga. Risk-Reward: Chart ka risk-reward ratio attractive hai. Stop loss tight rakhein aur targets logical levels par hain. --- Conclusion: Ye setup short-to-medium term ke liye bullish hai. Double Bottom pattern aur 200 EMA breakout strong signals de rahe hain. Entry lene se pehle breakout confirm hone ka wait karein aur apna risk manage karein. --- Note: Ye analysis purely technical hai. Apni risk appetite aur market conditions ka dhyan rakhein!
Short Term Elliott Wave in Silver (XAGUSD) shows that the metal ended wave ((4)) at 29.63. The metal has turned higher in wave ((5)). The structure of the rally is unfolding as a 5 waves Elliott Wave impulse structure. Up from wave ((4)) low on 11.28.2024, wave (i) ended at 30.29 and wave (ii) dips ended at 30.17. Wave (iii) higher ended at 30.75 and pullback in wave (iv) ended at 30.56. Final leg wave (v) higher ended at 30.89. This completed wave ((i)) in higher degree. Pullback in wave ((ii)) ended at 30.04 with internal subdivision as a zigzag. Down from wave ((i)), wave (a) ended at 30.5 and wave (b) ended at 30.73. Wave (c) lower ended at 30.04 which completed wave ((ii)). The metal has resumed higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 30.67 and wave (ii) pullback ended at 30.3. Wave (iii) higher ended at 31.07 and pullback in wave (iv) ended at 30.7. Final leg wave (v) ended at 31.13 which completed wave ((iii)). Pullback in wave ((iv)) ended at 30.44 and final wave ((v)) higher ended at 31.47. This should complete wave 1 in higher degree. Pullback in wave 2 is now in progress to correct cycle from 11.28.2024 low in 3, 7, 11 swing before the metal resumes higher again.
AMEX:KWEB Trendline has been hard to break. If it manages to break through it, we are looking at a measured move of $35. However, $32 to $33 area would be hard to break through. It is showing some signs of a potential breakout, but you have to be quick in taking profit. China is hard to bet on. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
While everyone asleep watching Bitcoin near $100k, I bought $100 of this around blue line. Liked the action and chart. My normal is 3x then out in crypto but this might get saucy. There will be 2 limit sell orders at higher lines. Don't stress it! Its magic internet money that you bought with an unending supply of fiat!
On Wednesday, Nifty opened on a positive note, reaching a high of 24573.20, breaking above the 75m supply zone and testing the Weekly supply zone. However, selling pressure pushed it to a low of 24366.30. Nifty eventually closed at 24467.45, gaining 10 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a neutral outlook. Demand/Support Zones Near Demand/Support Zone (30m): 24300.05 - 24348.35 Near Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (Tested) Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Tested) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply)
trading alerts have provided signal that we may have capitulated here
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