68-70 will work as resistance though. need to close above 70 to see the firework! Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
The weekly right side is down against the .8130 highs from 1/26/2018 & the daily right side is down against the 1/31/2019 highs at .7299. The 4 hour is favored to turn up soon when the pair corrects the cycle from the .7032 highs from 12/31/19 & while below there expect the pair turns back lower.
Buy above 401 with the stop loss of 398. Targets are 404, 407 and 411.
In February the scrip may make a dip and touch 2775. Long term target 4180 in case of sustained bullishness.
30656 IS VERY HUGE SUPPORT FOR THIS AS IT HAS BROKEN CHANNEL ON UPSIDE UPPER LINE MUST WORK AS SSUPPORT NOW TARGET FOR LONG MARKED IF IT ENTERS CHANNEL AGAIN ON CANDLE CLOSE BASE GO SHORT
Gold is favored to remain in the cycle up from 8/16/2018 lows where the daily right side is up. A pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1447 on 11/12/19 where the 4 hour is turning up. The metal is favored ended ended a wave B at 1593 where the hourly is turning down to correct the cycle from the 1611 highs. While...
Sustaining 30780 - 30820 will make the price to move towards 30880, 30960, 31120 and 31380. Bearish if it breaks the level 30600 - 30640 for the targets 30520, 30400, 30260 and 30080.
Sustaining 11990 - 12010 will make the price to move towards 12040, 12080, 12130 and 12160. Bearish below breaking 11940 - 11960 for the targets 11910, 11880, 11840 and 11780.
Sustaining 29860 - 29900 will push the price towards 30000, 30120, 30240, 30400, 30620 and 30840. Bearish below 29800 for the targets 29720, 29600, 29440, 29300 and 29080.
Sustaining 11660 - 11680 will make the price to move towards 11720, 11760, 11810, 11840 and 11880. Bearish below 11620 for the targets 11580, 11540, 11480 and 11420.