GOLD and SILVER have been in a downtrend after a surge in Mar of this year which was a reaction to the Ukraine invasion. A lot of "GOLD is a safe haven " traders may have entered in post the invasion and have been stuck for over 6 months as the metal moved down over 21%. Of course the continuous downmove since then may have forced a lot of exits. We can now see...
1. important close above trendline 2. closed above 61 EMA 3. Higher low and Higher high confirmed As metals are moving up this will also add momentum to NALCO Use discretion!
NOTE:watch live streaming on "YTB" and also wait for confirmation no impulse entry in any trade
Gold is showing positive divergence on chart. so, it may bounce from here up to 1717-1727 level. It is also trading in downward parallel channel so correction also come from 1717-27 up to 1621,1560
lets see if we can secure this trade with at least 1:1 RR. SL of 50 points Candle close above 17840 will change every thing Until then its a good risk reward. I am posting this for Live testing purpose. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or...
8th Nov 2022 - According to my analysis I am bullish on gold for short term as there is a CHoCH to the upside and also fib levels are matching with the strong demand zones on 4H timeframe
Carry forward Silver Short (07 Nov) RSI- 70 RSI divergence Sell at CMP- 60890 SL- 61275 Target- 60160, 59700 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
hi this nellai trader. welcome back to my analysis. its is one of the best gold trading style.its really very effectively.so anyone use it.and enjj take profit
wait for unmetigeted order block and then go to lower time frame for confirmation and get entry after choch and bos
Nmdc has broke out of a cup pattern IMO according to the technical analysis theory the target should be around 156 and moreover it has broken out of a channel on 1d timeframe basis. *Only for educational Purposes, not a financial advice*
Market Mood: 07 November, 2022 (nifty, bank nifty, stocks, commodity, currency and global markets)
My analysis for US OIL is bearish. Though we have liquidity above and a unmitigated supply zone sitting above. I believe after liquidity sweep we might turn around in the bearish direction. Thank you.
Crude oil is looking Bullish ahead Reasons are mentioned below Inverted head n shoulder Neckline Breakout Price taking support from RK's Mass psychological cloud and RK's stopline in daily time frame Possible wave counts on weekly chart Possible wave counts on Daily chart Possible wave counts on 4 hourly Possible wave counts on 1 hourly Price...
very small risk and reward is huge approx 7:62. and triangle breakour has been seen, so target is up side..
Market can be bullish if it breaks the neckline of crude oil h&s pattern. Keep your eyes.
As crude oil is continuously moving in an undecisive manner, not giving many moves to go long now, we can see a good move from it. the triangle breakout will give us a good long and short position in the upcoming weeks. Levels that are holding the immediate support are 85.50 for the short-term period and 82.00 for the long-term period. levels that are ...
CHART:xauusd time frame: 1 month this is the reason why i am looking for sell only bcz the gold is still strong bearish move so plz avoid buy and find the bearish setup
Crude price reverse back from around 90.50 for 7 times in last 12 days. Today again it visited the hurdle and turned back. Interesting to watch .