A consecutive breakdown below to 23.60% means 38.20% ( 64K - 62K ) will come soon. Otherwise, it will keep moving forward for 72K - 73K+ .
Midterm forecast: While the price is below the resistance 43.60, beginning of downtrend is expected. We make sure when the support at 30.85 breaks. If the resistance at 43.60 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 40.565 on 2020-06-08 and the...
Midterm forecast: While the price is below the resistance 29.85, beginning of downtrend is expected. We make sure when the support at 19.65 breaks. If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI uptrend #1 is broken, so the probability of beginning of downtrend is...
TARGET = 50,700 Clear Trendline and soon it will break Gold Price Will be more DOWN once Covid-19 vaccines comes out fully . Have a selling mindset in gold even after vaccines comes to INDIA .
As per the larger pattern, expecting down break to reach the pattern bottom.
USOIL LH & LL and Parallel pattern formation in 1 hour TF
USOIL LH & LL pattern formation in 30 mins time frame
USOil Symmetrical triangle pattern formation in 4 hours TF
USOIL LH & LL pattern formation in 1 hour time frame
Analysed levels mentioned on chart!! Regards @MrAkshatP
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1966.0). 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 above the 21-Day WEMA which acts as a...
Silver breaking out on weekly and monthly charts after 5+ years of consolidation. Retest can be good entry point.. Don't book your profits just trail you SL. Continue to keep adding position.. Target open. Break of SL 21 week ema
USOil Ascending Triangle pattern breakout in 30 mins time frame
USOIL Ascending Triangle pattern formation in 30 m ins TF. Based on breakout either you can go for Long or Short
Dollars weakness may push the price higher till 1972 tomorrow and further upto 2024 on friday..
Please do consider that this analyses are only for study purpose ! Please do not rely solely by this idea ,always consult with your financial Advisor before entering any trade.