A biased gold lovers analysis.., Last two moves from 50 week moving average resulted in 21 percent and 42 percent returns.., can we expect 84 percent returns from here this time.., taking it to 3200 usd.., I am strongly long.., share your views
Although an ascending trend line from March keeps challenging gold sellers, 100-day SMA raise bars for the bull’s entry. Considering the improvement in RSI conditions and upbeat MACD, gold is likely to follow silver’s jump to the highest since August. However, a clear break above the 100-day SMA level near $1,880 becomes necessary for the bulls. It’s worth...
Silver should head down to the earlier indicated zone . This should be the final Y wave to end the correction.
Again Same Markets heading to Congestion ZONE Excercise Caution !!! Gold performing better again than Silver
Bank Nifty - Technical Analysis: Bank Nifty had a gap down opening and continued downward, closing 3.5% down. Bank Nifty breached the 22000 level before holding the 61.8% retracement level. Market - Driving Factors: Aditya Puri, Managing Director of HDFC Bank, sold over 95% of his stake in the company. Multiple other insiders sold their HDFC Bank...
long term buy ..buy the dips mark the key areas and wait for the good entries
Important news is out, Gold has been consolidating in a narrow range for some time. Forming a triangular pattern on daily charts with RSI turning positive. I believe, traders can trade in the direction of breach of this triangle, sound chances of relaiming 1500+ USD, if it exceeds 1484.
Gold posted a handsome recovery, not only broke a price channel on the upside but also breached another important range 1483-1511, where it has spend several weeks in recent past. It did spend some time above 1483, and corrected a little towards the closing. 1483 is a strong resistance, if and once it is breached too, it will start acting as a resistance. ...
will loike to go long in the counter for 3- 5 % upmove , no brain to be used !!!!! stop below 300 level
i am bullish in the counter looking at its different time frame
OUR CURRENT POSITION GOLD-SHORT-ENTRY-1325 TARGET-1230 STOP LOSS-1385 SILVER-SHORT-ENTRY-16.500 TARGET-14.700 STOP LOSS-17.300( It doesn’t, means that we can't close or even reverse our position in the middle,if we get enough confirmation we can close like we did 3 times previously or even reverse the position if needed) At the moment of writing this...
Everything mentioned on chart...
profit booking continue , we saw xauusd over sold till Friday so,