Silver (XAGUSD) and Gold- Important UpdateIt is important not to just focus on the analysis, but also combine it with important news.
It is expected for Silver as well as Gold to rise. But all depends on the Fed-Cut-rate data.
Lest wait, be optimistic and enter at the right point.
I have a long position open, but i won't recommend you take a position for now.
Wait and watch.
Do you own analysis before taking a trade.
BEST OF LUCK !!! :)
Information
NIFTY IT (CNXIT) trendline on historical chartIt has been observed on NIFTY IT CNXIT weekly chart that a rising trend line has been acting as good support and resistance on several occasions.
PS: Request you to use this trend line setup as a supplement to your analysis before taking any position.
Thanks,
tRex
Jurassic Park