While a year-long resistance line has been testing gold buyers for one week, a six-week-old rising wedge bearish chart pattern teases sellers as markets brace for the Fed’s verdict. Given the sluggish RSI and receding bullish bias of the MACD, bears await a downside break of the $1,828 mark, comprising 50-SMA and 61.8% Fibonacci retracement of November-December...
Analysis Points : -
- 76 Weeks of Consolidation
- VCP Formation
- Near Trendline Breakout
- Fibonacci Extension near to its Previous All time high (1st Target)
- Daily chart outperforming Nifty by 3% in previous week this show relative outperformance of instrument vs Nifty.
Note - This view is not for short term trading purpose this is rather positional...
There is a Trading Signal to Buy in Gold XAUUSD Pair.
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 1833.0
⭕️SL @ 1828.5
🔵TP1 @ 1848.75
🔵TP2 @ 1868.90
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#GOLD Price trading in nearby 4hr support area and waiting for and any bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of the resistance area
Why we like it:
Price is trading nearby 4hr support area
moving to the next resistance area
waiting for bullish candlestick formation in the support...
Sacheta Metals Ltd at present is one of the major manufacturers & exporters of Aluminum Utensils in India. They have also started manufacturing of stainless steel cutlery items in various design. Sacheta brand is well known & accepted in the market. The product range of the company includes Aluminium Products in Various Sizes & Designs Like: Aluminum.
The formation of an inside candle resembles the future strong movement in daily trends. Can expect a downward movement of at least $10. This strategy works maximum in gold. Can refer to my earl y xauusd post-trading with the same strategy.
Hello traders, hope you are doing good and enjoying gains in nmdc & tatapower.
Now this time tatasteel has given a long awaited breakout from is channel pattern, I posted trading idea of tatasteel before, here on tradingview when it made a double bottom and said that this could be the time it we will get a breakout and asked you guys to make your positions...
IS THIS A GOOD TIME TO BUY OR WAIT FOR MORE CLARITY
Silver has a major support @ 61150
One can buy with a Stop loss of this support for 1000 points rally from current level.
BUY @ 61540
TGT @ 61850-62250-62800
Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis.
Silver formed inverted head and shoulders pattern . if we break above 25$ then we will be heading for $28 in short term . if we break below $24 then we will be facing heavy selloff to 20$ in short term .position size should be taken care off .
For more follow me if can of any doubt fell free to connect .
Silver is bullish in all time frame
about to complete a pullback and formed triangle.
In this counter we should be on a look out to create a fresh long entry for marked target.
Any bullish reversal candle in 15 min tf, should be used to make entry
R:R is a good 1:3
USDJPY has been setting up for quite some time for the next big move. On the daily we can see that we are in an ABC correction and its just a matter of time before the next impulse down.
Watching for lower timeframe bearish momentum and then jumping in with targets of 300pips as first target.
Goodluck and trade safe!
Sail long position for Cash
After the fall the Sail stock is into the demand zone again and in the weekly time frame 90-95 zone is 0.6 Fibonacci retracement and also looking good from RSI
Aggressive traders can take an entry@ CMP i.e. 97.50
Conservative traders can take an entry @95
Stop loss if a daily candle close below 90 then exit with loss