Trading suggestion: . There is a possibility of temporary retracement to suggested Resistance line (2036) or also on uptrend breakup. 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 down trend is expected. . The price is above the 21-Day...
Silver a good long term bet if it manages to cross the 74865 levels then T1 - 75380 T2 - 76200 with SL - 74500
According to this chart, gold is reversing downward after making an all-time new high of 56191 . Its support level is 53800 . You can take this level as a hurdle too. We may see a correction up to this after the breakdown of DR. This dynamic resistance will initiate buying pressure for a short period. We have chances to see 55600 (T1) to 56000+ (T2)...
USOIL parallel channel pattern formation in 1 hr TF on 07/08
crude s been in this channel on 30 min for long ... if this breaks upside 0.5 dollar move s possible on monday , although daily view looks doji end of the day .
expecting short on crude due to its change in structure
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...
Midterm forecast: 1939.45 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses to support(s) 2000.00, 1970.20 and minimum to Major Support (1939.45) is...
this chart showing that silver may open gap up and may go till its all time high one more time RRR is in chart
I will go LONG on USOIL because: 1) The price is under Support/Resistance zone. 2) It has touched the support and may reach the resistance zone . 3) Target would be the Resistance area . Book profit when it reaches the resistance zone . 4) The price is also forming a Chanel or Rectangle Pattern .
Nifty - Technical Analysis: Nifty had a gap-down opening on hourly charts and remained within a range throughout the day. On the 15-minute chart, most candles had long upper and lower shadows indicating the presence of uncertainty in the markets. 9-period SMA closed above the 12-period SMA on 15-minute charts indicating the small positive bias in the...
USOIL Descending triangle pattern formation in 1 hour chart. Based on breakout either you can go for long or short
Gold looking for a strong bearish moment, quite a few of USD and CAD economic releases studded
1. Ascending triangle formation 2.wait for breakout & retracement 3.soon fly upside
Target of 3000$ exepected in the next couple of years.