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Harmonicmoves

GOLDGOLD had a sharp sell off like equities in the 1st week of March due to Central Banks across the globe pumping liquidity and reducing rates. Besides the domino principle of one pulling the other (losses in equities globally being cleared via unwinding of long gold positions) as one asset manages the other in a systematic risk environment. Current set up suggest $1675 where it would complete its minimum Bullish Dragon (trigger - hourly close above $1630). Only if it sustains above that $1800 is the next level with some resistance near $1735. Else a dip till $1575 before it attempts another up move. From a medium to long term prospective this could be the last leg of the rally from 2016, post this Gold could start a fresh downside cycle.
OANDA:XAUUSDEducation
by Dinesh_C_Nagpal
1
SENSEX | Harmonic PatternHarmonic Pattern seen in Sensex indicating a bearish bias. A minor support at 39570 is holding the index for now, below which 39500 is a very crucial demand area. If that level holds we can see further upside in coming days. However, if 39500 fails to hold there would be a sharp correction towards 39250 and 39000. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
BSE:SENSEX
by AkhilSuryaFS