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...
ng intraday cal give @ 188.50 target 192
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....
Sell crude oil at 3515 stop loss 3525 Target 3429 / 3395
Crude Oil - Lets wait and see which pattern it's going to follow up whether parallel pattern or Descending parallel pattern?
Crude Oil Parallel pattern formation at 1 hour TF
GOLD descending parallel pattern formation at day time frame - short
Buy Crude oil at 3396 Stop Loss 3390 Target 3471
I hope you can now see how USOIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
Crude Oil Ascending Triangle pattern formation at 30 mins TF
this my view vaccine successful then crude go up if not success then going down
According to the daily chart of MCX crude oil, it is further advance for short-term investors. The retracement level of 0.618 is a perfect entry-level. In the previous update of crude oil, we have recommended buying many times. As per RSI & MA, it seems bullish. We will see soon target 1 and target 2 price after a short reversal. But if you want to...
CONTINUE: When MCX Crudeoil touch 4000 levels? - Part II According to the 4H chart of MCX crude oil, it's sharply moving upward. It's safe for intraday & short-term traders to take a position nearby the support trendline or 50 MA for the targets of 3600 - 3660 - 3700 - 3800 . But what if it breaks the support trendline? DMI is indicating collapse ahead. I...
Gold (XAUUSD) Strategy this week. (X'mas Dec.22-25) OANDA:XAUUSD