On Weekly Basis: Silver completed its 50% correction from USD 26 to 18. There are several resistance pivots at 22.15 on weekly charts. Wave A, B, C and D is over in Silver and Wave E should resume anytime now. Short sell is a good choice at 22 level with a target of 14 which becomes a strong buy from long term point of view. 200 DMA is also at 21.45 where price...
Gold is getting ready to make new high. After the price mitigation on supply level , price couldn't break the low. Signifies that heavy buying is happening. Also the Rsi unable to break the 40 level. But opposite, it took support at 40 and getting ready to shoot upside. The Relative strength of Gold with Nifty is increasing. And the Stage analysis says it is just...
buyers are more active and read this chart for learning
learning chart on xauusd let's leaarn first then go for earning
HI GUYS quick update i hope you seeing bigger picture on haigher time frame market lookig to sell side this moves look on smaller time frame. all holding zones are market previous post lets deep whatch on smaller time frame dont forget to hit like
HI GUYS we are analysis on gold further movements, current price on 1773 this price breaks to and holding to this price 1766 market moves on next target 1754 ,1747 this zone this zone are game changer once price fackout or holdi above this price {1754,1747} market moves on north side or price break and holding below this price {1747,market moves on next target to...
Gold reached a new 2-months high yesterday. The day began at 1765; the price rallied toward the day-low at 1753 throughout the Asian and European sessions. As the market approached the US session, the buying resumed. Gold reached a new 2-months high at 1775. The day ended near 1771, unchanged from the day before. The trend remains upward on the 1-hour chart...
OANDA:XAUUSD Wait for extreme supply zone entry Target 1:5 ratio and previous long term trend line
MCX Copper Sell 705.10 SL 707.50 & Other Sell(One Hour OB) 709.70 SL 714 TP 700,697,693,686,672
Market Mood: 15 November, 2022 (nifty, bank nifty, stocks, commodity, currency, and global markets)
Resistance level: 7035 Support level : 6915 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are...
CRUDE OIL JUST rejects the breakout level of 7250, continuously falling till 7000 . The next IMPORTANT SUPPORT is 6900 ; below it, we can see the level of 6780 to 6700 . ABOVE important RESISTANCE is 7250 only above that we can see some buying. BEFORE that we can look for SELL on RISE
market at bullish momentum and no sell entry here only looking for buy
Is MCX crude oil downtrend a trap? According to the Elliott Wave analysis on the crude oil daily chart, it has completed wave (4) and trying to move out from the Parallel channel’s (PC) control line (CL). If that successfully remains above CL, crude oil prices will hike from CL to the resistance line of the PC. That’s a direct call for target levels of 7800 –...
Looks like its discounting all buyers from past week and will continue to its bearish OB. Hence a long opportunity from discounted levels makes sense
Market Mood: 14 November, 2022 (nifty, bank nifty, stocks, commodity, currency, and global markets)
Midterm forecast: While the price is above the support 17.520, beginning of uptrend is expected. We make sure when the resistance at 21.200 breaks. If the support at 17.520 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
For Crude Oil demand and supply zones are marked. If market rejects at demand zone , then a high probability buy trade can be initiated, rather in case of supply zone a sell trade. You must have a good candlestick knowledge in order to utilize the zones at the best. You can even learn it from us. don't forget to look for PriceActionMonk.