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.
mentioned reasons of view in Chart. This Analysis Is Done Only For Educational Purpose, Never Invest Or Trade based on this. I have all the rights to be wrong on my views :) - TraderMonk
MCX Silver had a steep fall on 11 Aug 2020. There are two gaps at 57k and 54k . Fib retracements show them amidst possible entry level.
USOIL HH & HL pattern formation in 30 mins time frame
Long if crossing up level 61% Short if crossing down level 38% let me know your views.
Nifty - Technical Analysis: Nifty had a gap-down opening today but tried to fill the gap through the course of the day. The intraday trend was bullish. Nifty once again took support around the 11240 levels but there is no clear momentum direction yet as indicated by the ADX indicating a week 14.61. Market - Driving Factors: Travel and Tourism stocks...
On the 4 Hourly Charts Gold MCX has Strong Support Zone around 49900-50000, As it was previous Channel Resistance now acting as support. We may see the uptrend resuming, On should follow strategy to buy on correction and Hold for investment with Stoploss below 49000 on closing basis.
USOil parallel channel pattern formation in 15 mins time frame
Gold has fallen from it's recent high of $2050. Correction between $1940-$2000 range expected in the next couple of days. Accumulate depending on the market news regarding US Jobs, COVID Vaccine, US Election news & Trump. First Support at $1960 and second Strong support at $1940 .