Silver is likely to find resistance around $24 and then see a mild correction towards $20. Then the bigger wave towards $27-28 will start.
GOLD has broken 2000$ barrier. GOLD IS on BULL RUN. Gold demand is increasing as a safe bet to ride out the pandemic.
Gold against US dollar contiunes its bull run this week and hope this month also,, expecting this obvious cross of 2000 USD this week..
Midterm forecast: 18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 18.95 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to...
Sell copper on rise at 515-520 stop loss 525 ( hourly closing ) for target 480-475
#TataSteel @ 346 | TGT: 374 | SL 330 - Usually, 'Cup' is always with a 'Handle' but here the story is with another pattern i.e. 'Cup & Triangle' - Watch for chart story #Nifty #Nifty50 #banknifty #steel #NiftyBank
BUY ABOVE 514 FOR 0.7,1.5,4++ SELL BELOW 513 FOR 0.7,1.5,4++ Can comment or ping me for any query All views for Educational purpose, Trade at your own risk
Looks like we are in the 5th wave according to the Elliot wave theory and moreover there is a negative RSI divergence as well. Indicating weakness in the momentum!
Monthly Levels Marked. Will review further.
GOLD IS GOING PARABOLIC , & TRENDLINE RESISTANCE IS AT 1985 . BEWARE IT CAN DIP FROM HERE & BOUNCE BACK TO 2020 CREATING NEGATIVE DIVERGENCE .
Bank Nifty - Technical Analysis: Bank Nifty had a gap down opening and continued downward, closing 3.5% down. Bank Nifty breached the 22000 level before holding the 61.8% retracement level. Market - Driving Factors: Aditya Puri, Managing Director of HDFC Bank, sold over 95% of his stake in the company. Multiple other insiders sold their HDFC Bank...
In the last trading session, silver has gained +361 points. As we updated in previous newsletters, silver is flying with gold. Silver wings may cutoff after breaking out 60,000 levels and may fall till a hit of control price line. Hence, this breakout will lead the prices 59,000 to 58,000 . Don’t forget to keep your eyes peeled at 5 MA ...
Hi traders, Hope you all trading well in the unstoppable bulls in XAUUSD, As the trade quote say, 'Go with the trend' this week also looks like bullish trend continues, more than technical this pair operates strongly with fundamentals, A weaker USD moves the Gold higher and higher, Dollar index also expected with some support, hope it respects, According to...