Gold finally paused after the stellar rally as it moved in a range of $55 cradled between the support and the resistance posting a negative return of $10 after 6 weeks. The fall was on account of better than expected payroll data which reduced the likelihood of a rate cut in the next Fed meet allowing the dollar index to move higher. But even amongst such...
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Wait for Proper Entry.
Do not be Hurry for entry.
Do not book/Exit Early , wait for atleast 1st Target.
Buy/Invest with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX .
Follow Chart Instruction.
if Wants to take Entry then wait for it.
Can Ask in Comment for Proper Entry when it reaches my level.
I have shared this chart because many were thinking to exit from Raymond at lower Low Broken, hence better to wait for Higher Level for Exit or profit Booking .
and for short term investor to wait and then took entry.
stop loss 197
right price to buy
good pullback is done ,go for it.
1st target 226
2nd target 234
3rd target 248
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Kindly contact financial advisor before taking position/decision.
Gold continued its rally as it rose more than $40 in the week but ended with modest gains of $11. This surge from lows was broadly on account of an accommodative Fed which became the reason for the fall as Fed’s Chair Powell signaled not so brisk path to rate cuts in his speech last week. The G20 summit and the most important Trump – Xi meet resulted in lowering...
Gold closed at a six year high after gaining more than $57 in a monumental week which spanned nearly $80 in terms of range making it the biggest week since November 2016. Gold not only crossed $1400, it broke through multiple technical patterns which makes it supremely bullish. Fundamentally this breakout happened due to geopolitical concerns arising from U.S –...
Gold consolidated after huge gains in yet another another big week with range of over $38 with actual movement of less than a dollar. Such a move created an indecisive candlestick or a spinning top which is par on course as next week contains very important event of – “Fed’s interest rate decision” which will shape the future path of gold. The fundamentals remain...
Gold posted massive gains of $35 in the week which was having a range of $43 making it the biggest week of 2019 and the highest weekly gain in last 3 years. Gold zoomed towards the highs in the fear fueled rally assisted by a near certainty of a rate cut by the Fed later this month due to appalling data which signaled intensive slowdown. The resistances were taken...
Fundamentally: Strong and Undervalued
Debt to Equity: 0.04
Consistent profit growth of 51% for last five years.
Stock shall move upto 2-3 times of it book value, indicating a price range of 550-750 in coming year ahead.
Technically: Recovery from downtrend
Positive Divergence observed on the chart, indicating an upside from current...