Their are more logics behind the technical trend followed by the JSW Steel, #drop in #petrol prices. #demand in metal sector #respecting trendline Movement Expected.
Despite bouncing off a four-week low, gold prices are vulnerable to further downside as sustained trading below the two-month-old support line, now resistance, joins the bearish cross-over of the 200-SMA to 50-DMA. That said, 78.6% Fibonacci retracement (Fibo.) of September-November upside, near $1,755, may restrict short-term declines of the yellow metal ahead of...
copper in hourly time frame made a big h&s paatern (red color) and at right hand of big H&S pattern made another small h&s pattern (blue color) sustaining below 725 may tgt 715-710 bigger H&s (Blue h&s) has 50--100 points tgt if neck line broken (yet not broken) smaller h&S (red color_ has tgt of 25---12 if neck line broken
1. Cup & Handle Pattern 2. Weekly closing Above 1910$ leads to Bull Run
Gold analysis as per Fibonacci is short side trade with SL above previous swing high
Comparing Dollar Index and Gold movement, we can understand that Dollar is expected to make 1 more leg Up to complete (5) in Blue so as to make ((C)) in black. Once it make that GOLD should make downward move and find support @ 1600 by that time Dollar would have completed Wave II in Red and will start pulling back to make Wave III in REd during this time GOLD...
Although oversold RSI joined 50% Fibonacci retracement (Fibo.) of September-November upside to challenge the silver bears during the early week, a sustained trading below the 200-SMA and a two-month-old support line hints at the commodity’s weakness. The failure to cross the previous support convergence, now resistance around $24.00, joins bearish MACD signals to...
#GC_F - trading in a triangle... patiently wait for breaking of pattern.. $1880--- $1670
Silver Long Strong resistance breakout Buy at CMP- 63180 SL- 62740 Target- 63705, 64100 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
gold corection was ended at 0.618 fibonacci its clear that gold will go long after the breakout of the triangle any close above 1800 it will go to 1876 and 1905 wait for the candle close above 1800 at least h1 candle
Gold extends the previous day’s bounce off an ascending support line from August towards 200-DMA amid a sluggish Asian session on Thursday. The yellow metal needs to provide a daily closing beyond $1,792 to direct buyers towards October’s peak of $1,814. However, any further upside moves will be challenged by a horizontal area comprising highs marked since July...
Silver Long Buy at CMP- 62825 SL- 62450 Target- 63230, 63510, 63705 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Vedanta As per Daily Chart Analysis as broken the resistance 348 Level and now the target 375 should be achievable. Happy Trading to All.
Gold Dec Long RSI Divergence at support at rounding bottom pattern with 100 Day and 200 Day EMA Buy at CMP- 47680 SL- 47535 Target- 47920, 48030, 48154 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
A good retracement to 50% levels and bonuce to 1% if it holds the 50% we can see 1.618% soon..... Lets catch the move ... Study purpose !
looks very weak below 64000. lower low to higher high but didn't sustained.. short below 64000 target 62410
sell gold cmp 49100 sl 49400 tgt 48700 / 48500 /48300 / 48100 Sell Gold At CMP 1856 tgt 1842 / 1835 / 1825 sl 1870 in last few day gold has seen tremendous rally from 1760-1868 Now 4h chart is showing tired sign being contrarian i think it should fall for further upmove
Sell Gold At CMP 1856 tgt 1842 / 1835 / 1825 sl 1870 in last few day gold has seen tremendous rally from 1760-1868 Now 4h chart is showing tired sign being contrarian i think it should fall for further upmove