Hindalco can rise to 436 levels to complete Wave C of B which should be followed by Wave (C) down so we would trade this setup on short side when the pullback is complete.
Gold stays on the bear’s radar as it reverses the previous weekly gains, the first in five, ahead of the all-important US employment report for February. It’s worth noting, however, that the 200-EMA level surrounding $1,805 puts a floor under the metal price, a break of which could set the ball rolling towards the 50% Fibonacci retracement of November 2022 to...
GOLD FORMING 5-0 HARMONIC PATTERN AND GARTLEY ON DAILY CHART Sell gold below 56980 add more 57170 two days closing stop loss 57463 above target 56000-55200-54400-53500 taking two days closing just bcoz 2 big event upcoming first one is indian union budget second one is fed int rate import duty should cut in budget expected already last 2 time hiked with...
gold 55112 silver 62240 high made in dedcat bounce gvn here some bounce due to powel speech
gold susatin abv 55020 buy sl 54900 tgt 55180-300++ yes abv 55356 u will see 55500++++++++
silver buy on dips looks with sl 61697 dedcat bounce 61780-62300 near expect
copper hit 742 almost olks chk sell gvn lvl now eys on 741 blw more dwn side expect 733-728
yesss there is solid pattern if take this impact will see bleeding bath soon sell on rise good way i think with tight sl al ready gvn in last gold report full update entry sl
silver hit 61000 almost copper 742 almost pls chk last week or 2 week ago told here silver slel or relaxxx soo 61000 or 19.70$ see almost hit now ready for nxt move
gold is buy tp 1820 and sl 1809 confirmtion bullish engalfing
silver broke important support can see more down fall be cautious
Silver is now ready to dip down and to unfold wave 5 of (C) and as per equality, Target of (C) equal to (A) is pegged at 19.963 and 1.618 is pegged at $ 18.350, which can be stop loss for fresh long positions to be made below $ 20. Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor...
If you are following CFTC COT report for commodity you already knows that the CFTC is not sharing the COT report timely from last 5 Weeks , I tried to analyze the Last three week COT report on GOLD published by CFTC. On 24/1/2023 the COT showing bullish sentiments as they adding in Longs and Covering there Short and we have seen sideways (You can see the Green...
Gold braces for the first weekly gain in five but stays within the key moving average envelope as traders eye Fed Chair Jerome Powell’s testimony and the US NFP data, up for release in the next week. It’s worth noting, however, that the bears appear to run out of steam, per the RSI and MACD conditions. As a result, a clear upside break of the 50-Exponential Moving...
Hind Copper needs Weekly close above 111 to gain Momentum which could take it back to its high of around 190+ keep a eye on Copper it should not breach 3.9 Levels in Comex now.
After strong NFP gold market made strong sell side reversal
NSE:CNXMETAL Metal stocks are bottoming out in wave 2 correction. Shall be heading in wave 3 higher. Bought couple of them today.
Silver (XAGUSD) has formed a head and shoulders type rounding top on the 4h time frame. The price is still at the supply line. A breakdown below this line would be bearish for the commodity with measured move target of 21.75. Price action at 23.15 to 23.50 zone is critical and would decide the next course of action.