test driveWhich trading is best for beginners?
The best type of trading for a beginner in the Indian stock market is day trading. Day trading involves you to continuously buy and sell a particular stock within one day, while trying to make profit. In day trading, you should be careful of the risks involved and trade with a small amount of margin.
XAUEUR trade ideas
Gold vs Euro (XAU/EUR): Preparing for a BreakoutAfter breaking out of the sideways channel, gold shows a strong upward trend. Currently, we observe consolidation near a key resistance level with the potential for either an upward breakout or a pullback.
Key levels:
• Buy Stop: 2769 EUR
• Sell Stop: 2731 EUR
Possible Scenarios:
1. Breakout Upwards: If the price consolidates above 2769 EUR, we may see a rise towards the 2785-2800 EUR range.
2. Pullback Downwards: If the price breaks below the 2731 EUR support, a drop towards 2700-2680 EUR is possible.
What to Consider:
• Trading Volume: An increase in volume during the breakout will confirm the direction.
• Fundamental Factors: Key economic news from the Eurozone may influence price movements.
My Approach:
I set pending orders for both scenarios and act only after confirming the breakout.
Bullish biasBased on the Weekly and monthly structure is currently bullish. I am anticipating sells leading to a potentially big buying opportunity for the beginning of next week or could be a few weeks of selling before the buy. Waiting for 1hr candle confirmation before entries at or near these levels.
XAUEUR - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
XAU/EUR "Gold vs Euro" Metal Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/EUR "Gold vs Euro" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at any point.
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 30min period, the recent / nearest low or high level.
Goal 🎯: 2630.000 (or) escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
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Fundamental Outlook 📰🗞️
Based on the fundamental analysis, I would conclude that the XAU/EUR (Gold/Euro) pair is:Bullish
Reasons:
Increasing demand for gold: Gold is often seen as a safe-haven asset, and investors may seek to buy gold as a hedge against economic uncertainty, inflation, or market volatility.
Weakening euro: The euro has been weakening against other major currencies, which could make gold more attractive to European investors and drive up prices.
Low interest rates: The European Central Bank (ECB) has kept interest rates at a low level of 0.0%, which could lead to a decrease in the opportunity cost of holding gold and drive up prices.
Inflation concerns: Inflation concerns are rising, and gold is often seen as a hedge against inflation, which could drive up demand and prices.
Geopolitical tensions: Geopolitical tensions, such as the ongoing conflict between Russia and Ukraine, could lead to increased demand for gold as a safe-haven asset.
However, it's essential to consider the following risks:
Global economic slowdown: A slowdown in global economic growth could reduce demand for gold and drive down prices.
Stronger euro: A stronger euro could make gold less attractive to European investors and drive down prices.
Interest rate hikes: Interest rate hikes by the ECB could increase the opportunity cost of holding gold and drive down prices.
Bullish Factors:
Increasing demand for gold, driven by its use as a safe-haven asset, inflation hedge, and store of value.
Low interest rates and negative real interest rates, which can increase demand for gold as a store of value.
A strong euro, which can make gold more attractive to European investors.
Potential for a decline in the euro, which could increase demand for gold as a hedge against currency risk.
Growing investment demand for gold, driven by its potential as a diversifier and a store of value.
Market Sentiment:
Bullish sentiment: 75%
Bearish sentiment: 25%
Neutral sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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Xau/Euro Sell IdeaGold/Euro has reached a resistance area that has not held 3 times now since last November.
This is basically a Triple Top on the daily time frame.
This is resistance and now we expect a fall again here like it did the last 2 times price reached this point.
This idea is purely based off of the idea of resistance. There is not any signal to sell this pair right now on respectful time frames such as min 15 and so on...
So you need to wait for a sell signal first, then sell.
If you try to sell from the tip top and overleverage the trade, well... that never works as aud/usd, eur/usd, and nzd/usd proved to everyone today.
So be careful with this trade
Bearish continuation Gold Euro will likely transition from a bullish into a bearish trend as price action is developing in that trajectory. Price action failed to stabilise above 2600, and the bullish move was rejected upon reaching this mark. As of now, the yellow metal looks headed towards the downside.
The nearest support is were it might reignite bullish interest. Conversely, the long term bearish move may be confirmed if the price breaks the correction phase it is currently in and stabilising under 2470.
XAUEUR - Short SetupMy trade that I took yesterday, but had no time to show you all before.
My main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower).
Your success is determined solely by your ability to consistently follow the same principles
Ascending triangleWe have a reversal pattern here as an ascending triangle, we have an inner pullback that has tested the resistance line multiple times, a breakout from here suggests a bullish impulse, will be looking for more confluences, such as an outer pullback for confirmation.
WE ONLY TRADE PULLBACKS
XAUEUR - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level higher. Also price swept 1W key liquidity, so the probability for some bullish move higher.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of strength) on key liquidity level with GAP, so there is a higher probability to see price higher at least on opposite level (marked higher).
Your success is determined solely by your ability to consistently follow the same principles.
Conntinuation to the downsideGold Euro will likely continue to the downside after pulling back but with minimal gains. Also, price action is consolidating and will finish off the last wave of this correction and then continue down. This last sell-off may kick start the bullish move if the pair finds support above 2415.
Gold vs Euro: Decline Amid Peace ProspectsTechnical Analysis
In the hourly timeframe, gold's decline from the higher €2600 range to current levels around €2499.52 has been pronounced. The downtrend is confirmed by strong selling pressure, with the price breaking below the 100-period weighted moving average (WMA). Gold remains firmly within the lower half of the Bollinger Bands, suggesting persistent bearish momentum with no solid signs of support emerging yet.
The immediate key support level is positioned at €2491.68, corresponding to the 61.8% Fibonacci retracement. Should this support break, the next downside targets include the 127.2% Fibonacci extension at €2484.61, followed by €2480.92 at the 141.4% extension, and €2475.61 at the 161.8% extension. A continued downward move may drive the price towards the 200% Fibonacci extension at €2465.68 if the bearish momentum persists.
Bollinger Bands continue sloping downward, with the price hovering near the lower band, indicating elevated volatility and sustained selling pressure. The inability of the price to rebound towards the middle band underscores the weak buying interest currently prevailing in the market.
A potential bullish scenario emerges if gold prices reclaim the 61.8% Fibonacci level at €2501.61 and sustain above it.
XAUEUR_1D_Buyhello Update analysis of gold against the euro Analysis style based on Elliott waves in daily and mid-term time frame The market is rising in the 5th wave of Elliott. Currently, until the number 2488 is maintained as a support, the upward trend is for the target of the 5th wave to the number 2666.