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Technicalindicators

Gold needs to hit $2,740 to keep rising.Gold prices continued to rise in the Asian trading session on Friday, marking the second consecutive day of consolidation. Although it reached a record high of $2,759 on Wednesday, prices remained confined within a familiar range since the beginning of the week. The fluctuations in gold prices are influenced by expectations that the Federal Reserve may adopt a less aggressive easing policy, along with uncertainties surrounding the presidential election and geopolitical tensions in the Middle East. Additionally, earnings reports from U.S. companies play a crucial role in shaping risk sentiment, which in turn affects the value of the U.S. dollar (USD) and gold prices. Personal opinion: To maintain a sustainable upward trend, surpassing the resistance level of $2,740 is really important. If successful, this will open up opportunities for gold buyers to continue targeting the psychological barrier of $2,750. If they can break through this level, the next goal will be the record high of $2,759. This indicates that the market is showing positive signs and could continue to grow, offering hope to investors. Pay attention to the price range: Buy Zone: 2704 - 2702 SL: 2697 Buy Zone: 2713 - 2711 SL: 2706 Sell Zone: 2740 - 2742 SL: 2747
OANDA:XAUUSDLong
by Chana-Trading
Gold prices edged up as U.S. yields fell and the dollar weakenedThe slight decline of the USD and U.S. Treasury yields may reflect stable market sentiment in Asia following a technology sell-off on Wall Street. U.S. stock futures rebounded as risk was re-established, thanks to strong earnings reports from Tesla Inc. Tesla reported adjusted earnings of 72 cents per share for the quarter, surpassing analysts' average estimates and ending a streak of four consecutive quarters of missed expectations. The company noted that the Cybertruck, delivered for the first time late last year, has started to turn a profit. Personal opinion: The price of gold is currently facing strong resistance at $2,723. This is the 23.6% Fibonacci retracement level from the recent record price increase, where the price rose from $2,604 on October 10 to an all-time high of $2,759. If it breaks above this level, buyers may find it easier to surpass the psychological barrier of $2,750. The next target will be the record high of $2,759. Pay attention to the price range: Buy Zone: 2712 - 2710 SL: 2705 Sell Zone: 2759 - 2761 SL: 2766 Sell Scalp: 2736 - 2738 SL: 2743
OANDA:XAUUSDLong
by Chana-Trading
1
Gold stays high despite rising U.S. yields and a stronger dollarGold prices (XAU/USD) reached a new record high on Wednesday, surpassing $2,750 in the European trading session. Risk-averse sentiment and the threat of escalating tensions in the Middle East have driven capital into the precious metal. Political instability in the U.S. and accommodative monetary policy have also supported gold prices. Despite the U.S. dollar rising to its highest level since early August, bullish sentiment remains strong. Expectations that the Federal Reserve will cut interest rates less and concerns about spending deficits following the presidential election have pushed U.S. Treasury yields to a three-month high, which could hinder further growth in XAU/USD amid light overbought conditions. Personal opinion: XAU/USD has faced resistance near the $2,750 level, followed by the $2,767 area, which is the upper boundary of a two-week upward channel. If this barrier is cleared, it’s likely that the price of gold will continue to grow. If that happens, we could see gold reaching the $2,800 mark. Pay attention to the price range: Buy Zone: 2738 - 2736 SL: 2731 Buy Scalp: 2749 - 2747 SL: 2742 Sell Zone: 2767 - 2769 SL: 2774
OANDA:XAUUSDLong
by Chana-Trading
Gold is rising back to $2,741 early Tuesday.The greenback has retreated from its highest level in nearly three months in Asian trading on Tuesday, as U.S. Treasury yields reinforced the previous price increase. The dollar's pause and rising yields have provided buyers with an opportunity after Monday's sharp drop from record highs. A moderate risk tone and uncertainty ahead of the U.S. presidential election have revived demand for gold as a safe haven. However, it's unclear whether gold prices will sustain their upward momentum and reach new record levels, especially as Chinese stocks show signs of recovery. Expectations for a less aggressive stance from the Fed may also limit the upward trend of this precious metal. Personal opinion: Gold prices are currently attempting to test the record high of $2,741. In this context, buyers are actively pushing back, trying to regain control of the market. The competition between buyers and sellers is intense, creating a lively atmosphere in gold trading. Pay attention to the price range: Buy Zone: 2705 - 2703 SL: 2698 Buy Zone: 2716 - 2714 SL: 2709 Sell Zone: 2740 - 2742 SL: 2747 Sell Zone: 2750 - 2752 SL: 2757
OANDA:XAUUSDLong
by Chana-Trading
Gold seems to be preparing for a correction from its record highThe US dollar (USD) maintains an adjustment regime, reflecting a decline in US Treasury yields. Chinese stocks have rebounded after the People's Bank of China (PBOC) lowered the one-year loan prime rate (LPR) from 3.35% to 3.10%. Although the market's initial reaction was not strong, there are still expectations for further stimulus measures from China. This optimism, combined with ongoing tensions between Israel and Iran, has supported gold prices. Personal opinion: The US dollar's adjustment regime reflects economic volatility. The PBOC's interest rate cut aims to boost China's growth, but the market's weak reaction shows caution due to geopolitical tensions, like those between Israel and Iran. This situation compels investors to tread carefully, especially with gold prices supported by these uncertainties. Pay attention to the price range: Buy Zone: 2704 - 2702 SL: 2697 Buy Scalp: 2719 - 2717 SL: 2712 Sell Zone: 2748 - 2750 SL: 2755
OANDA:XAUUSDLong
by Chana-Trading
1
The price of gold has reached an all-time high.Gold prices (XAU/USD) rose for the fourth straight day, surpassing $2,712 and reaching a new record high in Asian trading on Friday. Key factors include anticipated interest rate cuts from major central banks, tensions in the Middle East, and U.S. election uncertainties. Positive U.S. economic data on Thursday reinforced expectations for modest Fed rate cuts, boosting the dollar to its highest level since early August. Despite this, bullish sentiment around gold remains strong as prices trend upward this week. Personal opinion: The recent rise in gold prices is driven by geopolitical tensions and anticipated interest rate cuts, making it attractive for investors seeking a safe haven. It’s interesting to see how external events strongly influence the market. Gold seems well-positioned to continue attracting interest. Pay attention to the price range: Buy zone: 2690 - 2688 SL: 2683 Buy Scalp: 2702 - 2700 SL: 2695 Sell Zone: 2722 - 2724 SL: 2729
OANDA:XAUUSDLong
by Chana-Trading
1
Gold is at a record high, and a rising USD may limit growth.Gold prices (XAU/USD) rose for the third consecutive day on Thursday, marking the sixth positive day in the last seven, as it tested an all-time high in Asian trading. Anticipated rate cuts from major central banks and geopolitical risks from the Middle East are driving interest in gold. Meanwhile, expectations of modest Fed rate cuts next year have kept the US dollar (USD) near its highest level since early August, limiting new bullish bets on gold. Traders are now focused on US macro data for momentum in the North American session. Personal opinion: Currently, there are positive signs that could push gold prices up to $2,700. If there are more buying transactions, this will create new momentum for optimistic traders, helping to extend the upward trend for several months. This outlook is further reinforced by the fact that daily chart fluctuations remain in the positive zone and are still far from being overbought. Pay attention to the price range: Buy zone: 2650 - 2652 SL: 2645 Buy zone: 2664 - 2666 SL: 2659 Sell zone: 2684 - 2686 SL: 2691 SELL ZONE: 2700
OANDA:XAUUSDLong
by Chana-Trading
1
Gold reached a three-week high, capped by a rising dollar.Gold prices (XAU/USD) rose for the second consecutive day on Wednesday, reaching a three-week high around $2,677-$2,678 due to a downturn in the stock market and geopolitical risks. The flight to safety led to a decline in U.S. Treasury yields, supporting gold. However, expectations of less aggressive easing from the Federal Reserve and a strengthening U.S. Dollar may limit gold's upward momentum in the near term. Personal opinion: Any further price increases are likely to encounter resistance near the $2.685-$2.686 range or the all-time high reached in September. Following that is the round number of $2.700; a decisive breakout above this level would set the stage for a multi-month uptrend amid positive fluctuations on the daily chart. Pay attention to the price range: Buy Zone: 2647 - 2645 SL: 2640 Buy Zone: 2660 - 2658 SL: 2653 Sell Zone: 2683 - 2685 SL: 2690
OANDA:XAUUSDLong
by Chana-Trading
HSI significant pull back! FX:HKG33 Look at 1H chart movement together with the MACD & KDJ indicator, the histogram for MACD line & signal line is getting weaker (you can see both indicators curve seems lower than the previous wave). We should monitor. marked the time zone where the index turned bearish for the 1H chart. There was no re-entry position as trading in Asia time zone. The significant pull-back continues when market re-open here. It's 10% pull back this morning. Well, this is a good chance to look at for a better re-entry level. However, we should be cautious to avoid catching falling knives 🗡 what we see from the 1H chart MACD & KDJ both are on the downtrend level/bearish red zone. However, we can look at the support level at 21580. If the index stays above this level then the uptrend is still intact. Otherwise, we could expect a more significant pull-back (cross-check with longer tf chart 4H,8H). For shorter 1H tf swing trade check the 8H Chart for support/resistance level Find support level at 21500-21700 and resistance level 22000 -22300 It has been climbing too fast and taking a break now. Personal POV, prefer the movement slow and steady forming a stable staircase; more sustainable. Happy trading everyone! A pull-back is healthy for taking a breather.
H
by ChenQianYu
Use of Various Technical indicators. (Educational Post)Nifty again after making a new high ended in negative today. Main reason for nifty ending in negative can be attributed to channel top resistance. RSI (Relative strength Index) reached over heated zone and peaked above 80 showing the market was overheated, this was the second reason of Nifty ended in red of Friday after a fantastic weak. RSI of monthly and weekly and daily candles also shows that Nifty is in the overbought zone. This can continue for a while or Nifty can dive next week or in the coming time searching for it's supports for the purpose of correction or consolidation. On hourly chart as seen above RSI Peak is near 81 with supports near 57 and 47 range. Currently the RSI is at 64.67. Bollinger Band is also suggesting temporary market peak near 26336 and strong support near 26092 and 25866. MACD is also signaling towards consolidation and correction as the coveted blue line seen in the chart is dipping below red line. Histograms sine wave is going towards negative zone with some strength in it's stride. 50 hours EMA or the mother line is near 25909 and 200 hours EMA or the father line is near 25345. Parallel channel indicates top near 26336. Mid channel support near 25866 and channel bottom support is near 25595. Trend line support is near 26148 and trend top seems to be near 26437. Supports and resistances drawn based on recent peaks and valleys are as under: Supports at: 26148, 26037, 25866 and 25595. Resistances at: 26277 (All time high resistance) In the above chart and data we have used the combination of Supports and Resistances, Trend lines, EMA, MACD, RSI, Parallel Channel, Bollinger Bands. You must have seen that various Technical indicators many a times indicate same or similar levels. Thus instead of trying to master many indicators, if you can focus on a few and master them, you will be more often correct. As Bruce Lee has famously said and I quote him, "I am not afraid of someone who knows 10000 kicks, I am afraid of the one who has practised 1 kick 10,000 times." It is also said in Sanskrit 'Sarva Deva Namaskaram, Keshavam Prati gacchati'. Pray to any of the divine forces but they ultimately end up at the feet of the supreme God head. Nasiruddin Shah had also said in a movie (Kabhi Haan Kabhi Na) "Idhar se jao, udhar se jao, ultimately sab rasta God ke pass jata hai." Deducing from it many indicators often yield same results. Master 2 or 3 of them and they will make you a great analyst. Conclusion: Learn, unlearn, relearn and master a few indicators rather than trying to know many indicators. They will help you create generational wealth. To know more about these indicators and how to use them and to understand Techno-Funda investment, read my book: The Happy Candles Way to Wealth creation available on Amazon in Paperback or Kindle version. The information regarding Nifty in this article is for the purpose of education and to show how various indicators often give same or similar result. To know more about when to book profit? Where to place a stop loss or what is trailing stop loss you are recommended to read my book: The Happy Candles Way to Wealth creation which is available on Amazon in paperback or kindle version. You can also comment below or send a message to us. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NVIDIA's Bullish Channel Holds Strong: September 2024 ProgressNVIDIA Stock Analysis and Future Outlook: September 2024 Update Overview: NVIDIA (NVDA) continues to exhibit a robust upward trend, consistently trading within a rising channel. The stock's performance is supported by both strong technical signals and fundamental factors. NVIDIA has established itself as the leader in the AI hardware space, benefitting from surging demand for its GPUs across various industries such as data centers, gaming, and automotive. With a recent rally fueled by the conclusion of CEO Jensen Huang's planned stock sales, the outlook for NVDA remains bullish, although some short-term consolidation could be expected. Price Predictions: 1. Short-Term (Next 1-3 Months): - Given NVIDIA’s recent performance and the slight bearish crossover in the MACD, short-term consolidation is likely. The stock could pull back to test lower support levels near $120 or even $115, which are close to the moving averages and the lower boundary of the upward channel. This presents an opportunity for investors to enter positions at a potential discount. - However, any positive news related to AI advancements or product launches could trigger another leg higher, pushing the stock back above the $130 mark in the short term. A retest of the upper channel resistance near $135-$140 is also possible, depending on market sentiment. 2. Mid-Term (3-6 Months): - Over the next six months, NVIDIA's growth trajectory looks solid, bolstered by strong demand for its AI and gaming chips. Analysts expect the stock to retest its previous highs around $150-$160, particularly as NVIDIA continues to expand its market share in AI and gaming sectors. - Continued strength in its Data Center division, along with strategic partnerships in cloud computing and AI, could see the stock pushing towards $170-$180, assuming no major external shocks or macroeconomic downturns. 3. Long-Term (12-24 Months): - The long-term outlook for NVIDIA remains highly favorable. AI is expected to dominate various industries over the coming years, and NVIDIA is perfectly positioned to capitalize on this trend. Analysts have set price targets ranging from $200 to $250 over the next 18-24 months, contingent on the continued growth of its AI and Data Center businesses. - Longer-term projections could see the stock moving well beyond $250 if NVIDIA’s innovations, particularly in autonomous driving, cloud computing, and AI-powered enterprise solutions, continue to thrive. The recent advancements in sovereign AI and Blackwell chip production further reinforce this bullish outlook. Investment Strategies: 1. Short-Term Strategy: - Buy on Dips: Given the stock's long-term bullish trend but potential short-term consolidation, short-term traders might look for opportunities to buy on dips around $115-$120. This range aligns with technical support levels and offers a solid risk-reward ratio. - Watch Key Resistance Levels: If NVIDIA breaches $130 in the short term, momentum traders could look for further gains up to $135 or $140. However, caution is advised if the stock moves out of the channel or technical indicators suggest overbought conditions again. 2. Mid-Term Strategy: - Hold for AI Growth: Investors with a 6-12 month horizon might consider holding onto their positions, as NVIDIA is expected to benefit significantly from growth in AI, gaming, and cloud computing. NVIDIA's revenue from AI-related applications is forecasted to grow rapidly, which should support stock price appreciation over time. - Leverage AI Boom: Traders could focus on news surrounding NVIDIA’s AI applications, as new product announcements or partnerships in AI or autonomous driving could drive further upward price movements. 3. Long-Term Strategy: - Accumulate for Long-Term Growth: Long-term investors should consider accumulating shares, particularly during pullbacks, with the expectation of significant growth over the next two years. NVIDIA's fundamentals remain strong, and its dominance in AI hardware positions it for continued outperformance in the tech sector. - Diversify Risk: While the long-term outlook is positive, it's important to remain diversified. External risks like geopolitical tensions, regulatory changes, or economic slowdowns could affect NVIDIA’s growth trajectory. However, its current market leadership and innovation pipeline make it a strong candidate for long-term portfolios. Risks and Challenges: 1. Geopolitical Risks: NVIDIA faces potential risks related to U.S. export restrictions on chips to certain countries, which could impact its revenue from international markets. Although the company has mitigated some of these risks through market diversification, any increase in geopolitical tensions or sanctions could create short-term headwinds for the stock. 2. Valuation Concerns: As a high-growth stock, NVIDIA trades at a premium valuation. Any earnings misses or lower-than-expected guidance could result in a sharper-than-expected correction. Investors should keep an eye on quarterly reports and forward guidance. 3. Macro Environment: Broader economic conditions, such as rising interest rates or declining consumer confidence, could affect NVIDIA’s performance. While AI demand may provide some insulation from broader market swings, macroeconomic factors still play a role in overall market sentiment. Conclusion: NVIDIA remains a strong stock for both short-term traders and long-term investors. Its leadership in AI, impressive financial results, and continued innovation make it a compelling growth story. While short-term volatility may arise due to market sentiment or broader economic conditions, the long-term outlook is bullish. Investors should use pullbacks as potential buying opportunities and stay informed of major product launches or geopolitical developments that could impact the stock’s trajectory. has context menu
NASDAQ:NVDA
by alfredomares2019