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.*
Midterm forecast:
46.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 52.38 on 12/18/2020, so more losses to support(s) 48.95 and minimum to Major Support (46.50) is expected.
Price is...
Analysis based on technical parameters(No Noise)
The rally that we are witnessing is far from over as far as metal stocks are concerned...On monthly chart what I analyze, "A" wave have completed and c of "B" wave is under prog....tgt for the index is as given in the chart...However selection of particular stock from the corresponding sector is...
Midterm forecast:
While the price is above the support 1762.05, resumption of uptrend is expected.
We make sure when the resistance at 1902.60 breaks.
If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would...
Buy Above :- 67860,(Above resistance Area)
SL:- 66300 (Bellow Major support)
Targets : T1:- 68380,
T2:- 69460,
T3:- 71225...
Note:-
1. Please book your Targets near the points not at exact levels.
2. Stop loss should & must be there. Once the price level cross the T1 and sustain, you may trail your SL on entry price i.e.67860 to...
After a lifetime high, gold retraced back to 78.6% levels and has formed a small higher high, higher low pattern and has also broken out of one of its resistance line. The commodity could move up to levels mentioned in the chart.
Although gold prices paid a little heed to the Brexit deal announcement and the US stimulus news, bullish flag formation on the weekly play as well as the metal’s sustained trading above 50-SMA keeps the buyers hopeful. That said, the latest consolidation of a bull-run from August 2018 needs to stay beyond the pattern support near $1738. Though, a pullback to the...
This is MCX Silvermini 15 minutes chart. I have used here moving average, Fibonacci, DMI, and RSI.
Fib Levels: T 71496 and B 65664
Silver will try to touch 0.382 ( 67892 ) from here. It will act as resistance. Moreover, there is a 50 MA. If silver breaks both, it will fly from there and touch 68580 levels. Intraday traders can play between it.
But if it...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1857.14). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD 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 support....
