inverted hammer is created in monthly time frame in metal sector so beware taking long positions. long time traders should partially book profit.
Need daily close above 74500 to negate this downward slope. Disc : it's not an investment advice to buy or sell
Daily closing above $28 will provide required momentum and once closes above $31, we might be in for new ATHs in Silver. Plan and trade accordingly. Disclaimer: idea only for educational purpose. No recommendation to buy/sell.
Consolidation almost over, good upmove possible
Gold short term view. if we sustain this trend line, can see 49400 in short term: 3-4 sessions
Gold has given Slopping Channel breakout on the daily chart. It has also given CUP-N-Handle pattern breakout. We can expect an uptrend in Gold. Price is likely to move up to 51450 in the mid-term. There is a hardel zone between 51800 to 52500. In the long term, we can expect price movement up 54500.
UNDER RETESTING. MORNING GAP WILL GUIDE. MIGHT BE ANOTHER PROFIT BOOKING DAY AFTER LONG BULLISH TREND
Target and StopLoss on Charts
Gold August future may test 50332 soon
Steel Sector is giving perfect breakout from falling trendline. Coming week can be of metal sector. Target and Stoploss on Charts
Currently in for a long position at 1860. Expecting a break of our daily supply area. Lets see how this plays out
once it break go long. Don't sell until the ride end. Follow @prmshwrn
ZINC (Daily):- CMP 229.5 looks good for upside invalid below 220 DCB :) 1) Taking support from previous supports :) 2) Taking support from previous moving average
Gold against Dollar may give some rest for bulls, for last few weeks this pair have been aggressively bullish, but 1840 area which is very crucial zone for this pair may have some retracement before the price goes up towards 1920 area in the coming month .. Analysis only for education purpose