Silver MCX looks promising at this level After several attempt to break trend-line it is once again at the level, RSI crossing 50 levels If breakout occurs and stays above the Resistance we may see level around 63100-64800. However if failed, reversal happens from this level! then nearest support will be around 59950-58890. Thanks
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (22.66). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAGUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1765.5). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Gold has possibly completed its complex correction in wave II and now it looks like wave III is unfolding, today it has given breakout from the down sloping resistance trendline, along with macd positive crossover and uptick in daily time frame, other indicators are also giving positive signs of uptrend at breakout point, as wave III unfolds, gold can possibly...
The current trend in XAU/USD seems positive after bouncing off its long-term area of support (1752 – 1763) but gold is likely to struggle to find bullish momentum until it cross 1790 and stay there. A break above this area would place buyers in a good position to try and tackle 1,800, at which point resistance is likely to be met on the way up to the 61.8%...
The current trend in XAU/USD seems positive after bouncing off its long-term area of support (1752 – 1763) but gold is likely to struggle to find bullish momentum whilst below 1790 utill it cross and stay their. A break above this area would place buyers in a good position to try and tackle 1800, at which point resistance is likely to be met on the way up to the...
Gold buyers attack a three-week-old resistance line as the market’s anxiety underpins the metal’s haven demand. However, the US Nonfarm Payrolls (NFP) remains awaited for fresh clues as the same will pave the ground for Fed tapering, which in turn could portray the US dollar strength and weigh on the gold prices. Technically, the immediate resistance line near...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (22.470). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAGUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Copper is presently retracing. Can enter long after some reversal patterns like bullish engulfing.
CMP: 48982 It's a weekly chart of GOLD Future. Breaking out of a falling wedge.
Yellow metal on MCX may remain volatile, traders can take a short positions. CMP : 46635 at 1:15 (IST) Stop Loss : 46810 Target : 46225 On th October, MCX Gold DEC Contract made a low of ₹ 46477, which is expected to be broken by today or tomorrow amidst a firmer dollar and a rise in US Treasury yields weighed on the precious metal’s appeal. Yellow metal will...
Scrip Name: GMDC (Gujarat Mineral Development Corporation) Setup: Decent Valuation, Prices showing upcycle Entry - 64-70 Stoploss range - 44-50 (This is an investment Idea. In case of market correction, additional positions can be added) Target 1 - 80 Target 2 - 90 Target 3 - 105 Time Period - 3-6 Months
Descending wedge clearly showing the downfall. #########################################
X to D ~= A to C, while X to B is ~= B to D. Target 176
Copper's long rally from under 2.00 to 4.95 has been stalled and we have had a sideways move for the last few months There is very good support at the 4.05 area, but one of the Elliottwave interpretation allows for a rapid fall to the 3.50 area. What is visible is an a-b-c down move from May to late Jun in Wave A followed by a sideways triangle wave B. If this...
Trading Signal: There is a Trading Signal to Sell in Gold XAUUSD Traders can open their Sell Trades NOW Rank : ⭐️ ⬇️Sell now or Sell on 1769.56 ⭕️SL & Buy 1783.46 ( Buy Target 1818.50 ) 🔵TP1 @ 1715.61 🔵TP2 @ 1686.15 If you liked our ideas, please support us with your likes 👍 and comments.
gold went more messier last month and now we are almost good for the up wave to come. Before the up wave we can see the 1740 level once more and this is where you should get into buy and personally i would like to hold a small lot size till 1900 level. all we need is a confirmation for the buy setup and that may happen this week