1. Ascending triangle formation 2.wait for breakout & retracement 3.soon fly upside
Target of 3000$ exepected in the next couple of years.
Strong buying in GOLD since the last 24 hours. Go Long until target $2050. Sentiment broken at $2000 for GOLD. This brings us to GOLD at a all time high. Global economy looks bleak. Hedge away!
Copper has made a high of 509.25 and took U-turn. We may see at all-time high soon. S-RSI is a key to take an entry.
What happens next? That described in the chart. You can ask me anything related to this chart by below comment section or DM.
BUY HEG IT WILL SOON 900+ oncr break this resistance it will soonn 900+++
Silver looks to have reached the upper end of the current up move. A correction towards the market zone is the likely outcome. Overall, I see silver to touch 70000+ levels in the coming months. Now buying will be below 55000 keeping stop loss below 48000 for the target of 70000 +. High risks trader can use another spike towards 62500-63000 to short silver...
Silver is likely to find resistance around $24 and then see a mild correction towards $20. Then the bigger wave towards $27-28 will start.
GOLD has broken 2000$ barrier. GOLD IS on BULL RUN. Gold demand is increasing as a safe bet to ride out the pandemic.
Reason for USOIL reversal : Market has formed LH & LL pattern in 15 mins time frame and exactly 6:30 PM IST market has taken support from support channel which i mentioned in chart and reversed
USOIL 1 hour chart pattern formation on 04/08/2020
Energy ONGC: Buy 77.60, Target: 80.35, SL: 76.25