Crudeoil short below the support level for immediate target marked in green line on the chart. if crude oil bounced back from the support region immediate target on upside is marked in the red line. Trade cautiously. Allow candle to close above or below the level to initiate the trade on either side.
XAG/USD Is approaching a very strong pivot level. This level has been tested several times in the past and as we can see on the chart it has been acting as support and resistance both. With the silver having a very sharp fall it is very likely that this level will act as a support, and there can be mean reversion after the extended fall that we have seen in the commodity.
Gold prices hit a three-month low in midday trading on Thursday in the US. Central banks are still focused on their monetary policies this weekend. This trend of falling prices is due to both reduced demand and the increasing attractiveness of government bonds as bond yields rise. In the end, gold for August dropped by $19 to $1,925. The central bank of Norway...
Crude oil taking support in the same region marked in green for multiple times. for a decisive downside momentum from here crude oil needs to break the support region as per 15 minute candle closing basis. However, if crude oil manages to break the trendline resistance, the immediate upward target is marked in the chart with a red dashed line. and further upside...
Gold Price breaks a month-old bearish channel towards the south and suggests further downside past the latest three-month low surrounding $1,920. However, the oversold RSI conditions keep offering intermediate bounces as the bullion drops towards the 61.8% Fibonacci Expansion (FE) of May 15 to June 16 moves, near $1,907. Following that, the $1,900 round figure may...
This is an entry taken after a multi confirmation such as SMC, price action etc...All of you are requested to trade only after getting multi confirmation and take full care of your risk management.
Gold is clearly on sell pressure and we can expect more decline
After a sharp decline yesterday, crude oil managed to bounce back from the support zone. currently, crude oil broken out from trendline resistance as per hourly chart and sustained above the supply zone. Next immediate resistance or expected targets on the upside are marked in red line on the chart. Disclaimer: This is just a view and only for educational...
The red flags have been mounting in gold for a few weeks now - and likely to no surprise to regular readers, my opinion continues to reflect caution; today, more so than over the last month. The below daily chart shows the rejection at the prior upward trendline proving itself stiff. The $1930 spot is once again broken to the downside, and daily momentum looks on...
📊 Pattern: Wedge 📌 Symbol/Asset: Balrampur Chini 🔍 Description: Can give breakout from here or may touch support & bounce back 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Currently crude oil is trading near its support zone. a bounce back for the target marked in dashed line can be expected if it manages to close above the trendline resistance as per the 5 minute candle. trade with caution. follow your trading setup before initiating any trade.
Attached: COPPER/ SILVER Daily Chart as of 20th June 2023 The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today Within the Commodity space it appears that Base Metals are doing better than Precious Metals And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow) Technical...
GOLD Buy trade opportunities The gold market has been experiencing a strong bullish trend but currently is taking a retracement. I have identified a support area, and if the market reaches this level, it could present a promising opportunity for a long trade.
EXIDE INDUSTRIES NSE:EXIDEIND : Time Frame(TF) : Weekly , wait for the price to come @ 180 and then buy on 200 MA Support level . Reason to buy : 1. Took a retest on fib retracement level of 23% 2. Supply level strong 200rs level , major confirmation after that . 3. Major battery companies showing momentum...
As we can see that metal and paper sector may lead this Rally.So have eye on this too
World gold prices stand at $1,947, a $10 decrease from yesterday morning. The question now is what will cause gold to break out of the trading range between $1,940 and $1,980, as last week's economic events failed to meet expectations. The recovery of the USD has put pressure on gold. This morning, the US Dollar Index, which measures the fluctuation of the...
Gold prices could remain in neutral territory in the near term, unable to push to $2,000 an ounce as the marketplace sees lackluster bullish sentiment. While gold prices are ending the week in neutral territory, bouncing from a three-month low following the Fed decision, analysts are not expecting to see any significant price action in the near term. Need to get...
Bearish Pattern Alert! 📊 Pattern: Descending Triangle 📌 Symbol/Asset: Coal India 🔍 Description: Stock Bearish If Support Level Breaks & Sustains Below Support 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.