As I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect,
even though I had many objections and many messages of disapproval ... as I said GOLD went down even below the 1774 area and now it is at the Fibonacci level 0.5 from where I expect it to reject and rise again towards 1836 and from there DOWN AGAIN to...
Tested crucial level.
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Check these successful trades & approach on HUL , BAJAJ FINSV , DABUR , TATACHEM , VOLTAS, BAJAJ AUTO , WIPRO , DR REDDY , CUMMINS , HDFC , M&M
If...
stock is taking support from trend line and now ready for big move ..
If it cross 13000 and sustain then so bullish ...BULLISH
on 1hr time frame we can cup and handle pattern formed
And it is also forming bullish channle pattern
#Gold is showing same pattern as observed in 2005
ready for breakout for the target of $4000-4500-5000 in 4-6Year .
It's a good time to invest in gold .
Gold is expected to form its base above $1730 in july 2021 as its has also formed base in july 2005 so same is expected to happen this time also according to pattern on the chart .
Gold should not give monthly or...
CNX Metal is so bullish in the recent days and it is in the channel pattern in an hourly time frame, so Lets wait for its either breakout or Breakdown to take trades in the metal stocks
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
#GOLD
Trendline of life for gold
Price action followed in 2005 mirror image
Coincedently in 2005 too Gold made bottom in month of JULY you can check
Bigger Question is what to do
Keep an eye on $1730
Nothing else 2 weekly + monthly close below bloodbath of life in gold can happen
till then 1 can buy with same stoplosss
