Expecting strengthen Dollar may send the price below till 1840 area of XAUUSD,
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1897.3). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Crude Oil call on 28-10-2020
According to fundamental research, MCX ( NCDEX ) cotton seems strongly bullish ahead. The short-term investors can start buying cotton nearby highlighted area for the targets of 19860 - 20000 - 20260+ .
This is an add on analysis of my previous one on Gold, buying recommended at 50580, Gold has now made a strong base around 50500 level, if 50500 breaks with volume than only it will fall else m expecting a good upside move..
FOR THE DAY TRADERS: MCX Crude oil has made a symmetrical triangle pattern, and that indicates a bearish continuation. At present, its price is moving inside the triangle pattern. That's a consolidation area. The prices will keep playing sideways here. Intraday traders can sell or buy based on control price. The last expected stop is at E. So, we may see crude...
According to this chart, MCX Natural gas is further advance. We may see the following levels after a reversal. Targets: 234.6 - 263.9 - 305.6 Intraday traders can run with 20 & 50 MA crossover. And long-term traders should stick with 200 MA to maximize profits. Significant releases or events that may affect the movement of natural gas on Wednesday, Oct...
Midterm forecast: While the price is below the resistance 26.20, beginning of downtrend is expected. We make sure when the support at 19.65 breaks. If the resistance at 26.20 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of beginning of downtrend is...
Crude levels...26/10/2020 (1hr Candle)
Gold against Dollar pair , has traded sideways in the month of October , traded between the range between 1874 - 1932, price closes last week at 1902, it looks like the price actions supports the bearish move in the upcoming week, if it breaks the levels of 1880 at the bottom, it might go deep down of 1856 , If its not breaks the level of 1880 , then there is...
CrudeOil Call on 22-10-2020
Crude is near to its resistance level, buy it above 2987 for a tgt of 3120+
Gold Mini Buy @ Current Price Target 55000 sl with 49769