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A-trend

BHARTIARTL | Weekly TF AnalysisWith the recent downfall in the market, Bharti Airtel broke its trend line and unable to make a higher high due to resistance from the multi-year trend line. At the bottom, it is standing at a very important support/demand zone, if broken, one can look for short sell with given targets. If it sustains above the support, it will be a potential consolidation and one can look for buys after a strong rejection from the support zone. Note: For education purposes only! Do your own study before taking the trade.
NSE:BHARTIARTL
by Romi001
3
Gold teases key support-zone amid global bond routWith the fears of reflation propelling global Treasury yields and the US dollar, gold remains depressed near the three-month-old horizontal support. With the bond rout less likely to fade soon, coupled with the US dollar’s expected run-up on recently welcome fundamentals, gold is up for extra south-run. However, a clear downside break of $1,760 becomes necessary for the yellow metal to eye the mid-2020 lows near $1,670. However, the $1,745-40 has multiple supports to challenge the downside move. Meanwhile, the corrective pullback may eye to regain the $1,800 threshold. Though, bulls will have less confidence until witnessing a break of the yearly resistance line, at $1,805 now. It should, however, be noted a confluence of 100-day and 200-day SMA offers a tough nut to crack for the gold buyers, currently around $1,860, before they retake controls.
OANDA:XAUUSDShort
by MTradingGlobal
Gold bears need a clear break of $1,764 to keep the reinsFollowing its failure to break the November 2020 bottom, gold prices finally slipped to the lowest since July during early Friday. However, the metal bounced off quickly from the $1,760.55 low and remains sluggish off-late. This suggests the bulls’ inability to cheer the oversold RSI conditions while bears also await confirmation. As a result, a clear break below $1,764 becomes necessary for gold sellers to eye April 2020 peak surrounding $1,748. However, any further weakness will end-up meeting June’s low of $1,670 wherein the $1,70 can play the role of a buffer. Meanwhile, corrective pullback needs to cross the February 04 low near $1,785 before challenging the $1,800 threshold. Though, any further upside will have to cross a six-week-old resistance line, at $1,825 now, before trying to conquer the 200-day SMA level of $1,857. Overall, gold bears are likely to remain dominant for a while but not without corrections.
OANDA:XAUUSDShort
by MTradingGlobal