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...
Midterm forecast: . 1818.00 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: . While the RSI uptrend #1 is not broken, bullish wave in price would continue. . A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses minimum to Major Support (1818.00) is expected. . Price is above WEMA21,...
The moving average has the highest resent slope and macd is showing a strong divergence than recent times. Don't buy in now. Be careful everyone. Risk/Trade management.
Trade Setup summary: Profit targets=128513 pip (4059 + 6584 + 9744 + 15994 + 23224 + 29189 + 39719) Stop Loss =19901 pip Reward/Risk > 6.5: 1 Current Status: Total Profit: 122387 pip Closed trade(s): 20387 pip Profit Open trade(s): 51000 pip Profit Trade Setup: We opened 7 BUY trade(s) @ 805.00 based on 'previous Forecast' at...
gold currently in a visible uptrend , with support range in 1700 /1689 while hurdle at current level if current level hold a sharp upmove cant be denied of 50 /60 $ in gold while downtrend will begin in short duration if breaks 1700 on downside trade accordingly
Sell Gold on rise at $1825-1840 SL above $1870 (4 hourly closing) Target $ 1700 and $1530
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...
This Will Signal A Massive Gold Rally After a short reversal, gold will start marching for 49060 – 49200 . Don’t mess with gold below support trendline. Can we expect a key level as a target? Yes, and I will update it into the next newsletter.
Midterm forecast: . While the price is below the resistance 1818.00, beginning of downtrend is expected. . We make sure when the support at 1660.25 breaks. . If the resistance at 1818.00 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . While the RSI uptrend #1 is not broken, bullish wave in price would...
ENTRY @ 1805 TP 1 @ 1814 TP 2 @ 1819 TP 3 @ 1829 SL @ 1789
... Now, where it's headed is it the end of rally yet? A BIG NO FOR THAT :) WE STILL HAVE LOTS OF PROFIT TO BOOK :D Currently, prices are trapped in a range shown in the chart here. So, we are neutral on gold for now. **But again do not short in any condition as it is highly bullish pair. We have to wait for break above 1818 before taking any long term trade....