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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.
OANDA:XAUUSD
by TVS-Trader
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.
OANDA:XAUUSD
by TVS-Trader
2
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."
NASDAQ:GOOGLLong
by RocketMike111
DXY DirectionAs long as I see clear Bullish STR on the 4H and the buyers still in control, I would like to keep selling the other symbols against the Dollar (GBPUSD/EURUSD etc'...). As I see it, we were in a range between supply and demand (marked as trendlines) and now we are pushing into supply zone (?Let's see if it hold?). From this point there are two scenarios for me: 1. Supply is holding and DXY will drop towards 101-102 2. Buyers will go over the sellers and keep pushing higher, to 110 zone. *That's only my personal opinion and not any advice to take action. And as we all know... we can't predict anything and things can change// Trade safe.
TVC:DXYLong
by noamayalon1
SasanSeifi| Price to Target $0.43 in Mid-Term!Hey there, ✌In the daily timeframe, as seen on the chart KUCOIN:ZEUSUSDT , the price has shown a slight recovery from the 0.20 cent zone and has increased moderately. Currently, with the break of the descending trendline, the price has risen to the 0.30 cent zone. Given the overall market conditions, there is still potential for further price growth. The scenario we can consider is that the price may undergo a minor correction and pullback from the 0.32–0.35 cent range. If the levels of 0.30 to 0.25 cents are held, and the pullback completes, the price could potentially reach mid-term targets at 0.38 cents and eventually 0.43 cents.The likely trend, as shown in the chart, confirms this scenario. 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! ✌😊
Long
by SasanSeifi
2
SWING IDEA - WIPROWipro , one of India's leading information technology companies, is displaying technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 550 Zone Breakout : The 550 level has been a significant resistance zone, and the price has recently broken out above this level, indicating strong bullish momentum. Cup and Handle Pattern Breakout : The price has broken out of a cup and handle pattern, a bullish continuation pattern that suggests potential for further upward movement. Bullish Breakthrough Candle on Daily Timeframe : The formation of a bullish breakthrough candle on the daily chart indicates strong buying pressure and further supports the bullish case. Breakout of 2+ Year Consolidation Zone : The stock has broken out of a long consolidation phase lasting over two years, signaling a potential new bullish trend. Support on 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. Target - 640 // 725 Stoploss - weekly close below 490 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
NSE:WIPROLong
by Visionary_Growth_Insights
10