Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving...
Not much to add to Last Weeks Analysis, except that i have also added Open Interest to the chart. You can well see that Open Interest is at Record High for Last 7 Years. In fact it is at all time record high for last 25 Years. So be Careful. With Bearish COT Commercials and record high OI, My Bearish call has a solid backing and reasoning
Bullish COT. Diverging but still Weak Momentum trying to turn positive. The green technical area barely trying to hold itself. SILVER (posted) looking much stronger. Huge selling behind the present down move. With these conflicting, confusing and diverging signals, perhaps Silver will provide a much clearer future direction for precious Metals Complex. If...
Silver Interestingly Poised ? Nicely Holding the Green Area ? Bullish COT Report, Momentum Diverging on W, D & 240 min Charts. With that in the background if the 4 Hour start closing above 16.250, the momentum can take it to 18.350. Again 18.150 is Crucial area, if it is able to SOLIDLY sustain the up-move above 18.250-18.300 area, then medium term Silver is in...
HOPE TEST 1140 BEFORE OR AROUND FED MEETING AFTER MEETING WHO KNOW
The Critical Price Zone support holding till now. But the price action is not very encouraging for LONGS. Start thinking about going LONG Gold, only when it trades above 1200 Level DECISIVELY. BUT IN THAT CASE DO WITH VERY STRICT STOP LOSS as there is still very large selling in the background.
With Limited possible upside, distribution may soon begin. Be Careful with LONG entries.
* Inverted Three Buddha * Bullish Crossover on MACD * Positive Divergence
Nothing much to say, as i had said everything in Analysing Gold. same will be true for Silver
With Positive Divergences and Buying by Commercials (Last weeks data, this weeks awaited), I am Expecting the Current Price Area to Hold and Arrest The Downtrend. If that happens, I had Given The Upward Projection Target. But if the current zone does not hold and give up, i have given the further Support Areas (H&S targets). But that will invalidate the upward...
It is been observed on daily chart that the price action is making lower highs and lower lows, indicating a bearish trend. Now, it shall further move down to the next support levels at around 81000-80300 levels. Target: 81000 Stoploss: 84500 Risk Reward: 1:1
Look for Buy Setups in Silver around these two levels Marked in RED
This is to support my Hindalco breakout idea on daily chart
Please share your opinion about the long position on Hindalco
Gold price cracked big time last week and the fall was arrested right at the support zone marked in the chart. Price has since been consolidating and the price action indicates the possibility of a bounce. The immediate level to focus-on is the blue line in the chart. If the price manages to clear that blue line via a green WRB (with higher volumes) then the...