(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...
Crude Oil - Reached Ascending channel resistance zone from S3 to R3 in 4 hours time frame
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Buy Crude Oil At Cmp 3532, Strict SL - 3399
Target - 3850/4200
This is my 2nd call in addition of my previous crude oil buy call. Please see previous recommendation as well..
GOLD - Ascending channel pattern formation at 4 hours time frame
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
As we can see a falling volume and prices are going up, which indicate a weakness.
So lets go short On Gold , Gold will have a correction upto 16%.
We also see a SZ nearby.
Entry 1937
SL 1966
T 1612
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1896).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Gold/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
USOIL - Ascending parallel channel pattern formation at 4 hours TF - Target will be R3 zone after inside parallel pattern resistance breakout
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and...
