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Divergence

How to trade like a PRO on the basis of Technical Analysis. In this analysis we'll look how the Professional Trader explore the chart before executing their Trade. Demand Zone - Fib Retracement - Candlesticks - Divergence - Divergence warns that the current trend is getting weakening and it might possible that the trend get changed in up coming session. Volume Profile - POC - Point Of Control It's the Big guys who moves and manipulate the market, The Retail Traders can't. This is Not investment advice. It's just for learning purpose. Invest your capital at your own risk. Please like, share & follow.
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NSE:METROPOLISEducation
by TheGopal
32
Double top, RSI divergence test gold buyers above $1,800Gold marked a stellar decline after refreshing eight-month top on Tuesday, forming a double top around $1,880. Not only the bearish chart pattern but RSI divergence also warrants the buyer’s caution as the higher high in prices accompanies lower-high of the RSI line. Hence, odds of a pullback towards the 200-DMA level of $1,807 can’t be ruled out if the quote drops below January’s top near $1,853. It should be noted, however, that the metal’s weakness below $1,807 will be challenged by an ascending support line from September, close to $1,777. Meanwhile, a sustained run-up beyond the $1,880 hurdle will reject the RSI divergence and the bearish chart signals, which in turn will propel the quote towards the $1,900 threshold. Though tops marked during June and January 2021, around $1,916 and $1,960 in that order, will challenge the gold buyers if they keep reins past $1,900. In a case where the yellow metal rises past $1,960, the $2,000 psychological magnet should return to the charts. Fundamentally, today’s FOMC Minutes may also offer pullback moves of gold should the statement brighten the scope of a 0.50% rate hike in March.
OANDA:XAUUSDShort
by MTradingGlobal
Nifty Today: “Tough Nut” - 13 Jan’22 
Nifty View: Benchmark Nifty index shows good resilience with another 46 points positive close for the day's trade today. So far, we have five consecutive positive daily gains from the index throughout which the index has successfully posted a sequence of higher highs and higher lows. There is no doubt that the underlying trend is up and resilient, but a look at momentum indicators shows that this recent gain is slowly but surely losing momentum. BankNifty, and especially HDFCBank with the other private sector banks that did show early signs of correction in today's trade. Strategically, one should stay with the trend and look to initiate long trades but not in haste. On the other hand, wait for lower levels, specially at supports, wherein risk-reward ratio is are far more favourable. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul