Jublingrea has formed a beautiful upward channel and is rangebound with a buy at low sell at high and sell at high buy at low move. It has pulled towards trend line on low volume.
This is a risky trade as if the lower trend line breaks, the move has come to an end hence I would suggest risking less than what you usually risk at first since risk to reward is 1:5...
INFO EDGE has been respecting the trendline since a long time and has always hit the lower channel followed by hitting the upper channel which gives an opportunity for a quick profit following past data and all done on above average volume.
Support of 50EMA and trednline provide enough confluence for a quick long side trade targeting around 4591.45
Tight stop...
XAUUSD - Weekly analysis in Gold.
1680 will major support for Gold. Gold is Trading in downward chanel. We can see pullback in next week from 1680 to 1760.
If 1680 Breaks , we can see more down side levels - 1650 , 1600.
If we can see pullback after 1680 Support level test, Then only look for buying side...
(My Personal views on gold - Educational Purpose...
In a 1 Hour Chart we can see 910 as a strong resistance. Over all view is given in the chart. Please do your own analysis before investment. Its purely Technical Call.
I hope the year ends on a high. We saw a lot of volatile expiries at NIFTY50. But this is going to be the last one of the year and the month we can expect volatility again. Looking at the chart, we can see that the all-time high for the Nifty50 was set on October 19th, and a clear downward trend was created when the price touched the trend line. There was clear...
