Good consolidation seen on 4 Hourly Chart of Gold. Biased seem to be Bullish. Will have to wait till breakout before initiating another long trade. If we do see breakout, the price might head till 1315 levels. Right now Patience is the key.
Currently Silver is within consolidation on Hourly Chart. It has taken support multiple times in the range of 15.450 to 15.550 which is very akin to 0.382 Fibo Retracement from the previous swing low. Till the time its holding onto that support, the chances of breakout above resistance zone increases and we might get a good long entry.
Trading Strategy Plan A Resistance in 1275-185 - Look for pull back zone 1250-1255 $ Range Plan B Once 1250-1255 $ Range Holds then look for Buying opportunity for 1275-1285 $ Range back Plan C Moving above 1285 $ mark & holding above 1285 -look for upside target 1300 $ Plan D Moving above & holding above 1300 $ mark -look for 1350-1375 $ target...
Start of 2018, I had picked out Gold as the asset class of the year. Then Had a choice between Gold, Equities, OIL and then booming BTC to pick from. While Gold hasnt delivered it has emerged as the best performing asset class of 2018. Coming to 2019- it looks like Gold is in a larger consolidation theme, ranging back to 2013 onwards. There seems to be not much of...
Silver spot near breaking of resistance 14.80 can rise till 14.90 and above 15 also possible . After long time consolidation takes place in silver and now it signaling breakout and taking support around 14.40
Buy XAUUSD between CMP (1230+) and 1229 T1: 1239 T2: 1243 T3: 1250 SL: 1219.50
The chart is of Gold ETF of UTI, India. at the moment, moving in a downward wedge. We have a high chance for price to go to 2670 levels which is also where green trend line will support it. We may get a reversal from that level.
Buy XAUUSD above 1205 T1: 1221 T2: 1228 SL: 1999
MAANALU (Maan Aluminium) Buy at 130 with SL at 125 and Target at 138.5
Silver (XAGUSD) long setup Buy after the breakout
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1183.15 would begin in Midterm. Technical analysis: The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. Price is...