By silver with cmp with sl of 59460 I feel silver has created base here, as updated early we are bullish on gold, so along with that silver can show good move up to 62000
After retracing 61.8% of recent rise or we can say wave I, Gold has given a positive daily close in yesterday's trading session, it looks like corrective wave II is completed and now wave III can possibly unfold, we also noticed that since april 2020 gold is responding nicely as support and resistance at these areas of $1740 to $1760 price zones, at this time...
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this are the probable level in gold for coming weeks. if it breaks the double or triple bottom than short otherwise take positions according to your risk appetite
As a part of sector rotation metals are in a range where hedging will make most traders profitable. A directional trade in metals can be risky. Just see levels and keep trading.
Last post clearly mentioned twinkle gone... (idea attached below for reference) Now in a bear territory every rise is a sell... treading levels marked.......... 20 to 20.550 small support...
XAUUSD Forecast IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
Buy Gold for Intraday Strong Support below 1850 Target 1860 and 1865 for Today
support find bullish engulfing candel and buying 1/support resistance 2/candlestick
copper take trendline resistance bearish movement possible
Very clearly in a bullish territory... 1855 short term hurdle... Every Dip is a buy at the bullish level. refer the related idea below for september levels. Like... Share... Follow....
sell Gold CMP 47165 with SL of 47285 trgt 46750 1 Gold rises after US CPI misses analysts’ estimates 2 Treasury yields fall, allowing bullion to advance 3 Markets may have overreacted to inflation miss The 78.6% Fibonacci retracement level (1801.57) from the July/August move also gave way. The 1834.14 level is a major potential resistance level if bulls advance.
Gold keeps losses rolling for the second consecutive day, extending Tuesday’s U-turn from 200-DMA amid the initial European session on Thursday. While the descending RSI and bearish MACD favors sellers, a monthly rising support line near $1,785 challenges the commodity’s further downside. A clear break of the same will direct the quote towards the late-August...
triangular break out above 4.6275 can lead to 5.42 level in next 8-10 weeks
break out happened at 110.5 on mcb. then again retested the same & now shall move up for next target of 321
Very good breakout.... Enter at any pull back near the levels marked... LIke,, Share... Follow///
Target 1 : 35$ Target 2 : 42-43$ Good time in invest positionally in metals . Keep buying near support near for the given target. Trade duration : 6-10 months .
head & shoulder break out above 4.43 can take out new high this time