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XAUUSD | GOLDSPOT | New perspective | follow-up detailGold took a tumble last Friday, reversing its upward trend after disappointing economic data from the US. We saw a near 1% drop following a two-week high of $2477, driven by concerns about the health of the US economy. The latest Nonfarm Payrolls figures fell short of expectations, adding only 114K jobs in July, a significant miss from the estimated 175K. This comes on the heels of a dismal ISM Manufacturing PMI report, raising concerns about the health of the US economy. Major banks like Bank of America, Citi, and JP Morgan have adjusted their forecasts, now anticipating more aggressive rate cuts by the Federal Reserve. While gold remains bullish in the current environment, the path forward isn't clear. What’s next for gold? With the market dynamics shifting, the path of least resistance for this safe-haven asset remains bullish. But which route will it take? In this video, I dive deep into my swing trading strategy and share how I plan to navigate the current market environment. Join me as I break down the latest developments and outline my approach to capitalize on potential opportunities in the gold market next week. XAUUSD Technical Overview: This week, we're focusing on the crucial $2,20 - $2,425 zone. This is a big deal for gold traders - it could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone then Bears might gain the upper hand, and prices could head south breaking down the support line of the ascending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #gold #goldprice #goldtrading #swingtrading #marketanalysis #fed #rates #economy #usdata #nonfarmpayrolls #tradingstrategy #technicalanalysis #investing #finance #goldinvestors #goldbugs #goldnews #marketupdate📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
SAXO:XAUUSD
by darcsherry
Hey SPY Lovers! We are on a slow recoveringThe price touched our area of interest and has started to bounce back upwards. As you can see in the indicator, the SPY is beginning its slow strength. If you Compare the structure with the oscillator on the bottom, you will see there will be a bull run soon . The question is: will this be the bull run we've been looking for, to reach our area of interest or even higher? No one knows for sure, but for now, I want to show you that the SPY is starting the recovery process. HERE IS THE KEY: We need to pay much attention to Nvidia's report because, if you remember, the last time they reported, it practically pushed all the markets to new highs! Let's see what happens."
AMEX:SPYLong
by RocketMike111
SWING IDEA - GLAXO SMITHKLINE PGlaxoSmithKline Pharmaceuticals , a major player in the pharmaceutical industry, is displaying technical signals that suggest a potential swing trade opportunity. Reasons are listed below : Breakthrough of Strong Resistance (1800-1900) : The 1800-1900 range was a significant resistance level. The price has broken through, retested, and is now making new highs, indicating strong bullish momentum. Breaking a 9+ Year Consolidation Phase : The stock has emerged from a consolidation phase that lasted over 9 years, signaling a potential new long-term bullish trend. Bullish Engulfing Candle on Weekly Timeframe : The recent bullish engulfing candle on the weekly chart indicates a significant shift towards bullish sentiment, engulfing the previous week's candle and suggesting further upward movement. 0.5 Fibonacci Support : The stock has found support at the 0.5 Fibonacci retracement level, reinforcing the potential for a continued bullish trend after a retracement. Increased Volumes : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and the potential for further gains. However, it's also important to monitor for signs of overextension or profit-taking at these levels. Target - 2940 // 3600 Stoploss - weekly close below 1950 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:GLAXOLong
by Visionary_Growth_Insights
SWING IDEA - STERLING AND WILSON SOLAR SW Solar is showing promising technical signals that suggest a potential swing trade opportunity. Reasons are listed below : 620-650 Crucial Support Zone : The 620-650 range has been a strong support zone, indicating significant buying interest and providing a solid base for potential upward movement. Bullish Engulfing Candle on Daily Timeframe: The formation of a bullish engulfing candle on the daily chart suggests a potential reversal, signaling strong buying pressure. 'W' Pattern Formation : The 'W' pattern, a bullish reversal pattern, indicates that the stock might be ready to break out to the upside. Bullish Marubozu on Weekly Timeframe : A bullish marubozu candle on the weekly chart indicates strong buying pressure, suggesting that the bulls are in control. 100 EMA Support on Daily Timeframe : The stock is finding support at the 100-day exponential moving average, reinforcing the overall bullish sentiment and providing a reliable support level. Target - 828 // 955 Stoploss - daily close below 620 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:SWSOLARLong
by Visionary_Growth_Insights
Gold (08/07) Wide trading range in a week without important news☘️Fundamental Analysis Gold prices attracted some dip buyers near the $2,379-$2,378 region on Wednesday and rose to fresh daily highs heading into the European session. Weaker economic data from the United States in the coming weeks suggested that the world’s largest economy is slowing faster than initially expected. This, in turn, fueled speculations of more rate cuts by the Federal Reserve (Fed), acting as a boost for the non-yielding yellow metal. In addition, concerns over an economic slowdown in China and the risk of escalating geopolitical tensions in the Middle East also provided additional support for safe-haven gold. However, strong demand for the US dollar (USD), fueled by a further recovery in US Treasury yields, coupled with a generally positive risk sentiment, could keep a lid on any meaningful upside move for XAU/USD. ☘️Technical Analysis There is not much important news this week so gold is trading in a wide sideway range. The two EMA lines are still showing that the sellers are dominating the market. The RSI in the short-term frame also wants to show that the recovery of gold is being limited by the RSI 50 level. In short-term time frames such as h1 h4, gold is in a downtrend and is ready for deeper pullbacks to the support zone of 2370-2355. The important level in the sideway range will be around 2415, the peak that gold reached yesterday. Breaking the level will form a new structure for the market. On days when there is no news that has a big impact on the market, we can identify price range zones to trade. Support: 2386 - 2381 - 2375 - 2366 Resistance: 2405 - 2415 - 2426 - 2430 ☘️Trading signals SELL zone 2414 - 2416 stoploss 2420 SELL zone 2428 - 2430 stoploss 2434 BUY zone 2365 - 2367 stoploss 2361 BUY zone 2347 - 2345 stoploss 2341
OANDA:XAUUSD
by TVS-Trader
Gold August 2. Approaching all-time high🌿Fundamental Analysis Gold prices showed absolute strength in the European session on Friday ahead of the US Non-Farm Payrolls (NFP) data for July. The official jobs data will indicate the current state of the labor market, which will influence market speculation about the US Federal Reserve (Fed) cutting interest rates in September. Investors will also focus on Average Hourly Earnings data, a key measure of wage growth that boosts consumer spending and ultimately drives price pressures. Meanwhile, the deepening risk of an all-out war between Iran and Israel has improved Gold’s appeal as a safe haven. Iran has vowed to retaliate for the assassination of Hamas leader Ismail Haniyeh with an Israeli airstrike in Tehran. 🌿Technical Analysis In terms of Elliot wave, Gold may have formed wave 5 and is trading in an abc recovery wave. or a recovery could occur after Nonfarm pushing gold prices to the 2442-2430-2422 support zone to continue to return to wave 5 to break the all-time high. The 14-day relative strength index (RSI) is rising to near 60.00. If RSI rises above that level, the momentum will continue to increase strongly. We will wait for recovery waves to buy gold today, or look for resistance zones to catch the recovery wave. SELL zone 2472 - 2474 SL 2478 SELL zone 2482-2484 SL 2487 BUY zone 2433 - 2431 SL 2427 BUY zone 2422 - 2420 SL 2416
OANDA:XAUUSD
by TVS-Trader
Gold benefits after FOMC announcement☘️Fundamental analysis Gold prices hovered around the $2,450 region on Thursday and are currently trading just below a two-week high. Traders were bullish amid the prospect of the Federal Reserve (Fed) rate-cutting cycle coming to a head, underpinning the yellow metal without yield. Bets were reaffirmed by the Fed’s relatively dovish outlook on Wednesday, which sent US Treasury yields to multi-month lows and boosted the US Dollar (USD). Geopolitical tensions in the Middle East also added to the upside. Positive Outlook for Safe-haven Gold That said, the risk-on tone is generally seen as a drag and cap on XAU/USD. ☘️Technical Analysis From a technical perspective, the breakout above the 2430 resistance last night has officially put gold in the bullish phase of wave 3 of the Elliot Wave pattern. Furthermore, if there is a move above 2450, a return to the old highs is not far away. Hence, some further strength towards the next relevant hurdle near the $2,468-2,469 region, en route to $2,483-2,484. On the other hand, today’s Asian low, around the $2,437 region, now seems to protect the immediate downside ahead of the $2,432 region. Any further declines can now be viewed as buying opportunities and remain capped near the resistance breakout point of $2,413-2,412. The RSI is in the overbought zone, indicating that buying interest is still high and the possibility of a push higher for gold remains in favor. The bullish channel is still holding strong with major support around 2422. The two EMAs are expanding with EMA 34 above EMA 89. Overall the market is still in a strong uptrend and we will wait for recovery points to BUY. Resistance: 2452 - 2459 - 2464 - 2475 Support: 2433 - 2425 - 2420 - 2412 SELL zone 2472 - 2474 stoploss 2478 BUY zone 2433 - 2431 stoploss 2427 BUY zone 2422 - 2420 stoploss 2416
OANDA:XAUUSD
by TVS-Trader
Ethereum 2nd Test on our demand zoneEthereum decided not to continue with the trend but to conduct a second test before the rally. This pattern is very natural when the market breaks a channel and seeks equilibrium points in demand zones. Our plan remains in place. Remember that markets need to make pauses or retests before taking action. Additionally, we must consider that markets, in general, have been bearish—we are in a bear market. However, the points of interest I have marked are based on historical prices and significant liquidity, so we can expect aggressive movements once the price reaches the indicated zones. Thank you for your support, and don't fear these bear markets; on the contrary, we should average in and take advantage of the opportunities they offer us. Regards
COINBASE:ETHUSDLong
by RocketMike111
SWING IDEA - BIRLASOFTBirlasoft , a leading global IT services company, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 720 Resistance Zone Breakout : The 720 level has been a significant resistance zone, and the price has recently broken out above this level decisively, indicating strong bullish momentum. Bullish Engulfing Candle on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and further supports the bullish case. Price Action Above 50 EMA : The stock is trading above the 50-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level. Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 790 // 855 Stoploss - Daily close below 670 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:BSOFTLong
by Visionary_Growth_Insights
SWING IDEA - CAPLIN POINT LABORATORIESCaplin Point Laboratories , a leading pharmaceutical company known for its focus on generic formulations with strong fundamentals, presents an attractive opportunity for swing traders and investors. Reasons are listed below : Support Zone at 1200-1250 : Caplin Point Laboratories has established a strong support zone in the range of 1200-1250, showcasing its resilience and attracting buying interest at these levels. Bullish Hammer on Weekly Timeframe : A bullish hammer candlestick pattern observed on the weekly timeframe signals a potential reversal of the downtrend and indicates bullish sentiment among investors. Bullish Engulfing on Daily Timeframe : The formation of a bullish engulfing candlestick pattern on the daily timeframe, engulfing ten previous daily candles, reinforces the bullish outlook and suggests a shift in momentum in favor of Caplin Point Laboratories. 0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level strengthens the bullish case and provides a solid foundation for potential upward movement. Higher Highs : The stock has consistently formed higher highs, reflecting a trend of increasing bullish momentum and indicating potential for further upward movement. Trading Above 50 and 200 EMA on Weekly Timeframe : Caplin Point Laboratories is trading above both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, further confirming its bullish momentum. Target - 1410 // 1540 // 1620 Stoploss - weekly close below 1207 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:CAPLIPOINTLong
by Visionary_Growth_Insights
5
SWING IDEA - ROSSARI BIOTECHConsider a compelling swing trade opportunity in Rossari Biotech , a leading specialty chemicals manufacturer in India, renowned for its innovative and sustainable solutions across various industries. Reasons are listed below : Price at Support Zone : Rossari Biotech is trading at its support zone, where it was initially listed, indicating potential buying interest and stability at these levels. Doji Candle Formation : A doji candlestick pattern has formed, confirming the bullish momentum indicated by the preceding marubozu candle. This suggests that the price is holding onto higher levels and may continue to move upward. 0.618 Fibonacci Support : Finding support at the 0.618 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement. Initiation of Double Bottom Pattern : The beginning of the formation of a double bottom pattern suggests a potential trend reversal and bullish continuation, indicating a shift in market sentiment. Increase in Volumes : An increase in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Rossari Biotech. Target - 809 // 890 StopLoss - weekly close below 655 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:ROSSARILong
by Visionary_Growth_Insights