Metals

freestocktips

Here I have compared Gold Spot (CFD) with Indian MCX Gold to identify this week's trend. In the chart, there are two different support levels. Wherein support level 1860 is for gold spot, and 49260 for the MCX gold. I have used moving average and volume on Indian gold. At present, 50 MA is turning downside. If it breaks the parallel channel (PC), gold will...

ForecastCity_ME

Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1851.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase...

SolomonsView

The first downmove that we see has clearly traced a 5 wave sequence and a 3 wave correction. this means we are headed down. Looks for new lows with 25.57 as the risk stop

ForecastCity_ME

Midterm forecast: While the price is below the resistance 1920.00, continuation of downtrend is expected. We make sure when the support at 1747.50 breaks. If the resistance at 1920.00 is broken, the short-term forecast -continuation of downtrend- will be invalid. Technical analysis: The Falling Wedge taking shape and as a bullish pattern suggests we will soon...

uniproadvisory

december will be a good month to watch.

bbrijesh

* Rising Trendline * Symmetrical Triangle

SolomonsView

The sideways action in GOLD is not a Wave 4 triangle as assumed earlier. A Wave 4 triangle should have resulted in a swift move up, this has not been the case. This is turning out to be a Wave B triangle , so a Wave C to the downside is the next expected move.

freestocktips

Here, I have applied Elliott wave , moving average , volume , and MACD . Wave 4 can be steady or sideways for a while. Overall, silver is in an uptrend. Safe investors can buy silver at wave 4 for the following levels: Intraday Targets: 62100 - 63300 Positional Targets: 64260 - 65200 At present, moving average and MACD throwing upward signal by...

ForecastCity_ME

Midterm forecast: While the price is above the support 19.65, resumption of uptrend is expected. We make sure when the resistance at 26.20 breaks. If the support at 19.65 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. While...

SolomonsView

#Gold seems to be breaking out of a small timeframe cup and handle

iElliottician

Currently it is incomplete converging triangle (abcde) and completed combined (wxy) correction. . .

AbhishekHSinghCMT

Bullish Triangle Running – A Classic Scenario for MCX Gold ------------------------------------------------------------------------------------------------------------------------------- Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy,...

abhijitgujarathi15

Silver Mini again in a tight range. Red, Yellow and Green are Monthly, weekly and daily simple support and resistance. watch how it works guys!! Thank you.

ForecastCity_ME

Mid-Term Forecast: Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1909.00). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day...

mayank0705

Target 1847

djgaldhar

IF CLOSED ABOVE 69000 WE CAN SEE ANOTHER UPSIDE TARGET 78 82K+++ FOR EDUCATIONAL PURPOSE ONLY

tradersgroup2020

Gold Mini View For Next Week

SolomonsView

Silver rallied up in three waves - and has now completed and a-b-c structure. The fall in the last 30 mins could accelerate and take the issue to new lows. Watch the indicated risk level for exits if caught on the wrong side.