XAUUSD reached an intraday high of $ 1,814.41 and found buyers at $ 1,803.93. From a technical standpoint, the metal is neutral to bearish on the daily chart, trading well below a bearish SMA of 20, which is currently converging with a descending trend line at $ 1,831.70. The Momentum indicator is flat around its midline, while the RSI indicator consolidates...
A clear H&S pattern on 240 minute chart , We have some strong point like It previously test 9 months low on daily and it
maintained descending channel lower support around 1672 level and and it might take some time near 1740 zone to break but if it able to clear above this level once and closed above this 1740 zone it surely go 1770 zone in next 2-3 weeks.
Monthly Chart breakut has already been witnessed above 3.25
Expect the rally towads 4.25-4.65.
resistance will be at 3.79, 3.84 and 3.98.
As long as 3.49 is not violated
A rise to test resistance and the supply zone of 4.25 or above range can be tested in due course of time with volatility.
(COMEX) GOLD SPOT started to make the bearish Elliott wave. After making the 3rd wave, it started to make the 4th wave. It may see 1970+
The trend will fall again after a particular level around 1965 , to make the 5th wave. And after taking a reversal, it will fall up to the dynamic support. After the breakout of the dynamic support, it will hit 1900 - 1886...
COMEX silver spot is moving sideways with the fluctuation on the 15m timeframe. It started with the descending peaks and after that made three ascending peaks. Then fall again and made a descending peak. Right now, making a descending peak again, and targets are followings $26.460 - $26.430 - $26.360 . It will make more descending peaks and fall up to $ 26.260 .
Short term and day trading levels are calculated.
Expecting swing between 1860 to 1890 levels since holidays season.
*Disclaimer : I just shared my view. Please trade with your own and comfortable ideas.*