GOLD POSITIONAL BUY 28.11.2019REASON FOR GOLD BUY CALL OANDA:XAUUSD
1) MULTIPLE TIMES RETESTED AND REVERSED THE TRENDLINE OF 4 HOUR TIME FRAME
2)TRIANGLE FORMATION AND TRADING AT TRIANGLE BOTTOM
3) REVERSAL CANDLE STICK CONFIRMATION
Comex
Nifty/Comex Gold -Solving Explosive puzzle with Golden ShineDisclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Comex Gold
Trading above 1490$ - There is room for gold to move 80-100$ upside in 1580-1625$
Later below 1490$ - It can slip to 1410/1265/1050$ as per long term strategy.
Nifty Index
Holding below 11310-11325 – Bias remains negative & whole explosive rally of last trading day could fizzle out & Index could slip back to
Target 1-
11140-11150
Target 2-
Below 11140 – target is 11080-11090
Target 3-
Below 11080- Expect 10950
Target 4-
Below 10890– Expect 10750
Target 5-
Below 10740– Expect 10580-10615
Note – Above 11325 – This idea gets invalidated
SPOT GOLD OUTLOOKSPOT GOLD TRADE IN SELL ZONE,
BUY ONLY TRADE ABOVE 1400 FOR THE TARGET 1408 AND 1416
ELSE
SELL ON EVERY RISE FOR THE TARGET 1385 AND 1378
Gold- Butterfly Harmonic Pattern@1330Bearish Butterfly Harmonic Pattern in 1330-1335 Zone
Downside Targets
1310/1300
Support Zone 1295-1300
Gold broke major resistance of $1300Gold Spot broke major resistance of $1300 and now retracing its gain. This could be buying opportunity at lower levels with support of $1290-$1288.
With Higher price Target of $1318.
Gold - Golden Triangle Journey- 2018Trading Strategy
Plan A
Resistance in 1275-185 - Look for pull back zone 1250-1255 $ Range
Plan B
Once 1250-1255 $ Range Holds then look for Buying opportunity for 1275-1285 $ Range back
Plan C
Moving above 1285 $ mark & holding above 1285 -look for upside target 1300 $
Plan D
Moving above & holding above 1300 $ mark -look for 1350-1375 $ target range which was expected in tha last published idea.
Also, If you get time -do visit the three places which appear to be golden triangle on India Map- Delhi , Agra (Taj Mahal) & Deserts of Rajasthan and explore more about Indian History.
Humayun's Tomb (Delhi)
Taj Mahal (Agra)
Jama Mosque (Fateh Pur Shikri)
Hawa Mahal (Jaipur)
Wish you once again Merry Christmas & Happy New Year 2019
Thanks for watching the video and your precious time.
Silver spot near breaking of resistance Silver spot near breaking of resistance 14.80 can rise till 14.90 and above 15 also possible .
After long time consolidation takes place in silver and now it signaling breakout and taking support around 14.40
Gold short term BuyAs per chart Gold retraces gains and consolidate around $1235-$1238.
It can Rise till $1244-$1246 with entry around $1239-$1239.5
If it trades above $1240 can gain momentum on upside.
WTI US Oil in Crucial zoneWTI US Oil prices have contracted forming a triangle, almost cornered right through. Expecting a break soon. Most likely with the upcoming API/Inventory data.
Long on Gold!Gold is in high demand zone, with a good recovery from the support. Long on this precious metal with a target of $1300.
Uranium explosion?Uranium prices seems to have contracted and could soon provide a good and strong break out. The possibility of an upside break seems higher.
However, one must remember how this commodity has disappointed investors on several occasions in the past.
Cu - set for a target of 3.80Cu
CMP 3.26
Target 3.80
Stop 3.05
Weekly chart
30/200 crossover
Reverse head and shoulder and price past neckline resistance.
Series of HHs and HLs confirms price in the process of a promising uptrend.
Silver - Base formation for 2018Ping-pong in a range a $15-$18.60 forming a base for Q4 2017 and H1 2018. Wyckoff analysis suggests the rally towards $21-24 by end of H1 2018.
Short with Target below 2.500Copper has completed abc correction that began in early 2016. It is also at the top of a LT channel. Copper seems to have started a corrective (possibly impulsive) move from 2.8 highs; this should take it to a target of 2.49 in the short term(also a strong support zone)
