Gold MCX has strong Channel Line Support As marked on the above chart and we can see buying resuming in the GOLD MCX, With the Stoploss of 50400 one should Go Long for the Targets of 52000 and 54000 on the upside. Once GOLD MCX Closes above 52500 it May Again Resume its bullish momentum.
USOIL Ascending triangle pattern formation in 30 mins TF
After weeks of rallying, Gold may drop to 1.820$ within the next few days. May rise up to 1.942$ before
Gold can have a daily spike but by the weekend we will see 49000.
Hi guys this is Trader Kanishk In this analysis of COPPER Today WE will discuss : Why to go long has it taken support trendline breakout new support levels new targets new stoploss levels entry levels for sharp entry and many more. Please Watch the entire video and GO for It DISCLAIMER Every thing i have discussed in this video is only for educational purpose,...
Gold if breaks the string support of 51120 then it is bound to test 49500. There is a strong retracement indication of gold before making new highs. The current downward rally may dup till 49500/48000 before making a move up.
1. Bullish Div in 2HR with the retest 2. Wait for a complete channel breakout 3. low risk (yellow support zone) 4. Enter for a good RR!
An small analysis of the accumalation zone for GOLD. If gold falls below the Bearish Signal, we can expect price to fall for quite a bit.
Wait for the levels to break or bounce All these levels have been drawn based on Bigger time frames I.e 4hrs , daily. This is my view and now lets hope for the best!!! Whats your view comment down below!/.
Dollar index bullish analysis also support the bearish move in XAUUSD this week..
Forming strong bottom @ 1900-1950
BPCL seems to take support from and important support level and bounced back. a bounce back trade can be initiated here with stoploss below 397 for target 440-450
Midterm forecast: While the price is below the resistance 46.30, beginning of downtrend is expected. We make sure when the support at 36.95 breaks. If the resistance at 46.30 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08 and the...