Potential move to the upside . All depending on Gold prices so a bit risky . Gold has price has been declining as you can see by the daily . Trend lines channel was taken from weekly . Divergence on long stochastic 25 . If worldly affairs go pear shaped , we could see a move to secure havens....Minus Warren Buffet ; 0
Main scenario: If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46600 - 46000 - 45660 - 45200 Alternative scenario: If gold remains above 0.5 , it may try to hit 0.382 (TP: 48260 - 49000+ ). So, here hurdle is 47296 for the short-term traders. Intraday traders can play both sides. And we may see a...
closing above 1852 on monthly candle will negate the break of neck of head & shoulder pattern developed on RSI ...ALSO will give thrust to bull to lift the prices on upper side with velocity , leading to short squeezes .
Midterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 29.85 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
GOLD descending channel formation at day chart and expecting Gold to take support at S3 zone Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
If it break upper green take Long !! If it break lower red take Bearish !! ------------------------------------------- My Oppinion is Gold May be !! Break Lower Red and move down side. World Stock Markets r Bullish for long Term !!
Gold sellers embrace weekly low while declining for the second day in a row, currently down 0.13% around $1,823, during the early Friday. In doing so, the quote extends reversal from 200-day SMA while eyeing further losses towards the key horizontal support around $1,765, tested in November. During the fall, the $1,800 threshold and the monthly bottom around...
Sell on rise with SL of 725 for target of 645/608
Waiting for a breakout here..if it does, may expect price fall to 1820..as analysis indicates, else bulls have tight control..let see..
Although gold buyers are primed for breaking the five-week-old resistance line, the recent tops near $1,848-49, as well as 200-bar SMA near $1,863, stay ready to test the upside momentum. Also acting as the key resistance is the area surrounding $1,875 that comprises the late January highs. It should, however, be noted that a clear upside break of $1,875 will not...
COPPER COMEX Monthly Chart breakut has already been witnessed above 3.25 Expect the rally towads 4.25-4.65. resistance will be at 3.79, 3.84 and 3.98. As long as 3.49 is not violated A rise to test resistance and the supply zone of 4.25 or above range can be tested in due course of time with volatility.
sell at 69660 stop loss 69860 Target 68840
possible target 2130 levels, then a slide consolidation this bull run can bring eth to 15800 to 19000 levels
Gold levels ...08/02/2021 (W candle)
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1875.15 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is...