GOLD has been one of the most considered safe havens against the fall of the USD.
Most investors turned to consider GOLD as a safe haven due to the following factors:
The CORE PCE fall as expected on Friday where which indicates that FED will not put more effort into tightening since the stubborn inflation is coming close to the target.
1 hour time frame (Positional trade)
Trading for Monday 27-01-2023
Resistance at 18000 to 18020 if the rejection candle or (shooting star candle )
Entry time frame is 5 min or 15 min or 30 min
Support at 17870 if the rejection candle entry in 30 mim time frame or 45 min
IB Real Estate recently hit its all time high around 195-196 zones. After this upmove, stock corrected to its 38.2% levels i.e. around 177-178 zones. This zone has previously also acted as a strong support (demand zone) for the stock. This time also the stock has respected this support level and bounced back from it. A strong sustained support from the current...
The stock after touching it highs of about 10Years, took a downward trajectory and a healthy correction occurred. The stock took support at 0.382 Fibonacci Retracement (You can check this by creating grid), henceforth continuing its journey in a parallel channel. This Channel Pattern consolidation is visible at 1H Charts. A breakout from this channel will lead the...
We can see a double bottom in 1 hour . we can expect the price to be moving above forming a ' W ' pattern . we can expect the price to be going above 665.
But there is still a little chance of the price bouncing back at 643 resistance if it bounces then there is chances for the price to drop till 593