New to the world of CHARTS, but always fascinate by Fibonacci. Tried the fib Channel on Copper weekly chart, markets seem to mostly respect the time schedule as per Fib. Will keep analyzing more.
interesting / deciding week for copper. will decide its near term trend. need to close above 4.27
OANDA:XAUUSD Market is Ranging between 1821.214 and 1816.678 There is a Buying Opportunity above 1822.924 And a Selling Opportunity below 1815.276 Wait unlit it breaks these levels or 30min candle closes above this levels. Trick : For impulse entry trade at London or NY Timing, When 30min candle cross these levels switch to 1min or 5min time frame for best...
Midterm forecast: While the price is above the support of 23.75, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The symmetrical triangle is taking shape, and as a continuation pattern suggests, we...
Gold is being traded around its support levels and consolidating. Its ready to resume its uptrend soon and may start trading upwards. Buy Gold strictly above 48170 with SL 47975. Targets open as per your apatite. 4 Digit Gann's roadmap for Gold for swing trading is: 4796(0) 4831(0) 4866(0) 4901(0) 4936(0) 4971(0) 5006(0) 5041(0) 5 Digit Gann's roadmap for...
Evening star pattern on gold near a resistance zone...chances of reversal after slight consolidation.
In June, XAUUSD and MCX Gold crash due to FOMC events. It has recovered almost 60% to 70% loss in the July month. You can read the previous articles of Gold to catch the next move. This week gold may remain downside until it breaks the levels of 48520 . It can be up to 47580 - 47200 . But, once it crossover the 48520 levels, then it will become unstoppable...
It has been lacklustre since touching the high of $ 30 a year back. It traded in the 22-30 for a year. With a decisive break of the 200DMA on Friday at $25.7, it would have given sleepless weekend nights to the Silver Bulls. The GANN Fan lines and Speed resistance lines are also not signaling any smooth up-move in the near term.
Trading range bounded can break either direction have a watch on dollar index
June was a brutal month for Golf bugs. The Inflation news along with political developments stopped the rally of April -May, which resulted in Gold posting again of 14% in 2 months. Trend is bullish for Gold, however 2-3% slide cannot be ruled out from 1810 levels. 200DMA resistance at 1825, is important to be monitored before any fresh long buying.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1854.75). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a uptrend, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
SILVER FORMING A RANGE ON H4 TIME FRAME !!!
Taken support on 55 EMA. Previous Resistance now turned into support. Triangle also closing. Can expect action now.
A simple wyckoff set up assisted with top-down analysis. I believe price should rise past the breaker box and eventually hit the 1850 level.