Gold is getting ready to make new high.
After the price mitigation on supply level , price couldn't break the low. Signifies that heavy buying is happening.
Also the Rsi unable to break the 40 level. But opposite, it took support at 40 and getting ready to shoot upside.
The Relative strength of Gold with Nifty is increasing.
And the Stage analysis says it is just starting the stage 2 breakout (50 ema ).
And Finally It is making the CUP with Handle Formation.
TRADERS BE READY TO TAKE POSITION WHEN THIS HISTORIC MOVES BEGINS.
After the price mitigation on supply level , price couldn't break the low. Signifies that heavy buying is happening.
Also the Rsi unable to break the 40 level. But opposite, it took support at 40 and getting ready to shoot upside.
The Relative strength of Gold with Nifty is increasing.
And the Stage analysis says it is just starting the stage 2 breakout (50 ema ).
And Finally It is making the CUP with Handle Formation.
TRADERS BE READY TO TAKE POSITION WHEN THIS HISTORIC MOVES BEGINS.
Comment:
Traders we should wait for the volatility contraction before the breakout.
Comment:
Gold has started moving