TARGET = 50,700 Clear Trendline and soon it will break Gold Price Will be more DOWN once Covid-19 vaccines comes out fully . Have a selling mindset in gold even after vaccines comes to INDIA .
Analysed levels mentioned on chart!! Regards @MrAkshatP
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1966.0). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Silver breaking out on weekly and monthly charts after 5+ years of consolidation. Retest can be good entry point.. Don't book your profits just trail you SL. Continue to keep adding position.. Target open. Break of SL 21 week ema
Dollars weakness may push the price higher till 1972 tomorrow and further upto 2024 on friday..
MCX Silver had a steep fall on 11 Aug 2020. There are two gaps at 57k and 54k . Fib retracements show them amidst possible entry level.
Nifty - Technical Analysis: Nifty had a gap-down opening today but tried to fill the gap through the course of the day. The intraday trend was bullish. Nifty once again took support around the 11240 levels but there is no clear momentum direction yet as indicated by the ADX indicating a week 14.61. Market - Driving Factors: Travel and Tourism stocks...
On the 4 Hourly Charts Gold MCX has Strong Support Zone around 49900-50000, As it was previous Channel Resistance now acting as support. We may see the uptrend resuming, On should follow strategy to buy on correction and Hold for investment with Stoploss below 49000 on closing basis.
Gold has fallen from it's recent high of $2050. Correction between $1940-$2000 range expected in the next couple of days. Accumulate depending on the market news regarding US Jobs, COVID Vaccine, US Election news & Trump. First Support at $1960 and second Strong support at $1940 .
GOLD SHORT TERM SELLING 🔺Trading at Forex is Speculative, Involves Significant Risk of Loss, and is not suitable for all investors. You have to understand and be willing to assume the Economic, Legal, and Other Risk Involved. 🔵if You Decided to Invest, You Will Be Doing at Your Own Risk.
here u can see the three buddha pattern or also known as head and shoulder pattern
Gold has corrected well from the recent highs and if it sustains above 54850 levels then take the trade with the following targets T1 - 54997 T2 - 55143 T3 - 55299 with SL - 54690
Trading suggestion: . There is a possibility of temporary retracement to suggested Resistance line (2036) or also on uptrend breakup. 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 down trend is expected. . The price is above the 21-Day...
Silver a good long term bet if it manages to cross the 74865 levels then T1 - 75380 T2 - 76200 with SL - 74500
According to this chart, gold is reversing downward after making an all-time new high of 56191 . Its support level is 53800 . You can take this level as a hurdle too. We may see a correction up to this after the breakdown of DR. This dynamic resistance will initiate buying pressure for a short period. We have chances to see 55600 (T1) to 56000+ (T2)...