Since March 17, gold has been in a process of market manipulation, leaving us with good entry areas and key signals. As of May 18, 2020, Elliot's impulse wave formation begins with beautiful harmonic patterns and after finishing the cycle of (1-2-3-4-5) with good results, the wave process started corrective (Corrective point "A" exceeds "level" 4 "of the" impulse...
GOLD COMEX is trading in Rising Wedge Technical Pattern (Marked with Blue Lines in the chart Above) Support Zone for the GOLD COMEX is 1725- 1735$ Per Ounce. On can Buy with Targets of 1772$ and Stolploss Below 1710$... You Can Use These Levels to Play GOLD MCX MINI (Take you Own Decision and Analyse you Risk Capacity Before Entering into position)
Metal sector is on very critical area if this Resistance breaks than long upside rally will come. Watch out this three metal shares: 1) JSWSTEEL 2) TATASTEEL 3)JINDALSTEEL
SILVER MCX Enters Bullish Zone Breaking Channel upper resistance as seen on the chart. We can see Levels of 51500 in the coming days. Silver MCX will enter bearish zone only once closes below 47500
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1719.52). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
The iHnS puts the target at around 1170, though money flow says first target is ~1300.
i dont think gold will to continue going up for a while Please like and support and dont forget to share your valuable feedback
The 3-impulsive Wave was considered extended with 316% of the 1-Wave included numbers of gaps. A, B, C, and D is a parallel channel of the 4-wave. The price was traveled to appro. 38.2 retraced from 3-wave. The 5-wave minor crossed of 3-wave on the account of the extended move seen 3rd wave. We then came down to the level marked wave 4, but I have put...
If it breaks 174 Resistance than target will be 195. Nifty metal is at support area. High probability is on buying side.
Silver price action gives a bearish idea , it may go down to touch 15.8.. from there it may start the new month price action..
Anticipation over XAUUSD reach of 1800 have been exceeding among the traders, Its proved that a Resistance area is there around 1750, in spite of last week break out till 1760. Fails to go up and again retested 1716 last week. Reversal bar in Weekly chart shows gold may retest down area around 1710.. close to the weekend and Month end Gold starts the journey of...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1731.0). 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...
This is just to share my understanding and for educational Purpose. I prefer simple and apt technical. If you like it. Please share your feed back, this would encourage me to share further.
The rally from December 2015 lows is a part of corrective structure. The overall structure could pan out in regular flat till the time this rise remains below $1920 which would eventually convert to irregular flat on a cross above $1920. I have marked some projection levels where the prices could end this up move. So we may be in the last leg of the rally in...
XAUUSD pair last week finished with higher price of 1747 from 1692 , Gold demand has been increasing because of pandemic from March onwards and it still continues, last week momentum clearly shows the pair's urgency to cross 1800 mark and its is in the sight. But this week it may stops by the strong resistance area @ 1750 and it may keeps the gold down for some...
vedl with lot of news flow in the counter , despite having it i see the stock as undervalued upto 78 zones , technically weak below it now and from here can try to give a quick upmove for 130 /144 zone
silver started its aggressive mode after several years . i hope it will continue its uptrend .