After pleasing buyers for six consecutive weeks, Gold prices are finally on the bear’s radar even after bouncing off $1,900 round figure the previus day. The rising wedge confirmation and bearish MACD signals do favor the metal sellers ahead of the key event. However, the downbeat RSI and a likely dovish rate hike challenge the downside bias. That said, a...
Looks like its time for 230/234 levels on aluminium... up-move that is part of a bigger Inv H&S breakout... Please refer to previous post for further details Also, similar setup seen in Zinc
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SIlver future chart showing trendline resistance at 69000. It can short here or on any rise and wait for target 68000 ,67330 and 64000 soon. major fall will come when it close below 68000.
Following the current bullish trend, the minor bearish wave on lower timeframes is coming to a halt. Gold is supported by the strong level at 1920 and 1900 respectively, which will be enough volume to see it soar towards 1953 and 1980, the remaining porting of q1 2023. We will have to wait and see how these two support levels behave before entering long and daily...
Definitely looking to trade some gold this week, We've entered the regional supply region, I believe price will seek the institutional safe heaven of 1900.000 in order to collect balance. Price is currently trapped within the 2h liquidity pool within 1930, let's see how the market develops on the opening. RR potential 1:16
Descending Low Support on previous high and impulse In Q1 RRG All Timeframes in Momentum
Observed RSI divergence in daily time frame . Gold is in over bought condition. Expecting some retracement . However price action will be volatile in this week due to FED meeting . Educational purpose..
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
#XAUUSD ANALYSIS.. In xauusd(gold) there is no fresh entry market are move in 1922 to 1934 zone may be market are making exhaustion move so wait for break this level 1922 zone or 1934 zone... If the market break 1934 zone then buy First target 1937,1940,1946. If the market break 1922 zone then we can go for sell First target 1918,1916,1911
This pattern seems bullish on DXY on H4 before the Friday data .Gold is also facing resistance at 1930-35 levels .
metal index hindalco tata steel to me all three are looking positive for 6 months time period TaTa steel is looking good on daily and weekly time frame rsi is taking support from 40 levels on daily as well as weekly time frame however on monthly time the confirmation is yet to come but monthly confirmation will not at come these prices till we find monthly...
The price reacted drastically in its pursuit to cross 1950. After the positive economic data, it's retesting 1928, 1920. If the decline continues it might cross 1912-15 zone and drop to 1902 and further 1886 levels. The larger trend is Bullish. We should wait out for the price to react at our areas, reversal might take place. This retracement could be the part of...
GOLD FORMING 5-0 HARMONIC PATTERN AND GARTLEY ON DAILY CHART SELL BELOW 56467 ONLY TG 53600 CLOSING SL 57170 GOLD forming 5-o harmonic pattern on weekly chart .and gartley pattern completed on daily chart Sell below 56466 with closing stoploss of 57200 above target 55200-54400-53500
Gold is trading in this wedge pattern ,GDP data is due today ,on breakout of this wedge can clear the direction of gold for today.
Gold buyers appear to run out of steam as traders await the key advance US GDP for Q4 2022, following the five-week uptrend. A one-month-old rising wedge formation joins recently sluggish oscillators to tease the metal sellers. However, a clear downside break of the $1,917 support appears necessary to confirm the bearish chart pattern, which signals a theoretical...
Gold short setup considering dollar index trying to retest it's resistance area EP: 1933.17 SL: 1942.88 TP: 1923.89 RRR: 1