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SILVER- Relative Strength says Buy!XAGUSD Another Bullish Signal for Silver🥈 Attached: XAGUSD/ Nifty 50 Weekly Chart as of 31st March 2023 - This Relative Strength Chart indicates that the Outperformance of Silver over Equity (Nifty 50) has started 📈 -It is similar to the Signal on Gold🥇 that I had shared on New Year's Day and you can see how fabulously well that Gold Buy Signal played out for us ‼️ - Expect the same for Silver as I have been saying that Silver has to catch up with Gold So if Not Already in Silver, Get In As Soon As Possible or you will miss the Move 🚀! Note: In my previous post on Silver, I highlighted an Inverted Head & Shoulder Breakout BUY SIGNAL Since that post, Silver is up 6.60% and counting....
OANDA:XAGUSDLong
by T_Harth
gold in a triangle triangle formation is a chart pattern formed by drawing trendlines along the highs and lows of price action. This pattern typically indicates a period of consolidation in the market, with decreasing volatility and narrowing price ranges, as the forces of supply and demand become more balanced. Ascending triangle: This pattern forms when there is a horizontal resistance level and an upward sloping trendline connecting the higher lows. Traders often see this pattern as a bullish continuation pattern, meaning the price is likely to break out above the resistance level. Descending triangle: This pattern forms when there is a horizontal support level and a downward sloping trendline connecting the lower highs. Traders often see this pattern as a bearish continuation pattern, meaning the price is likely to break down below the support level. Symmetrical triangle: This pattern forms when there are both a descending trendline and an ascending trendline converging towards each other. This pattern does not indicate a specific directional bias, but rather suggests that a breakout in either direction could occur. Traders often use triangle patterns to help identify potential trading opportunities, such as buying when the price breaks out above the resistance level of an ascending triangle, or selling when the price breaks down below the support level of a descending triangle. However, it is important to note that triangle patterns are not always reliable indicators, and traders should use other technical analysis tools and risk management strategies to make informed trading decisions.
TVC:GOLDLong
by pratik2358
Gold inks bullish consolidation inside key rising trend channelGold price seesaws around the top line of a five-month-old bullish channel, recently supported by the 10-day EMA. It’s worth noting, however, that the smaller gap towards the north joins descending RSI (14) line and easing bullish bias of the MACD signals to keep XAUUSD sellers hopeful. However, a clear downside break of the 10-day EMA, around $1,955 by the press time, becomes necessary to convince intraday sellers. Even so, the $1,900 round figure and a horizontal area comprising multiple levels marked since early February, near $1,860, could restrict the metal’s further downside. In a case where the commodity remains bearish past $1,860, the stated channel’s lower line and the 200-day EMA, respectively near $1,841 and $1,825, act as the last defense of the buyers. On the contrary, the $2,000 psychological magnet keeps restricting the short-term upside of the Gold price, a break of which could push XAUUSD bulls towards the 61.8% Fibonacci Extension of the metal’s moves between November 2022 and late February 2023, close to $2,017. Should the precious metal remains firmer past $2,017, the aforementioned channel’s resistance line, close to $2,021, may become the only hurdle between the bulls and the previous yearly top surrounding $2,070. Overall, the Gold price stays inside a bullish chart formation despite having limited room towards the north.
OANDA:XAUUSD
by MTradingGlobal
Gold has smoother road towards the northGold teased bears earlier in the week by defying the bullish channel but the follow-on bounce off the $1,934-36 zone renewed buying interest in the yellow metal. However, a clear upside break of $2,000 becomes necessary for the XAUUSD buyers for conviction. Also acting as an upside filter is the aforementioned channel’s lower line, close to $2,011 at the latest. Following that, a run-up toward the previous yearly high of around $2,070 can’t be ruled out. Meanwhile, a one-week-old horizontal support zone near $1,934-36 puts a floor under the Gold price, a break of which could quickly recall the $1,900 threshold on the chart. However, a convergence of the 200-EMA and six-week-old horizontal region surrounding $1,890-85 appears a tough nut to crack for the bears. Should the bears keep the reins past $1,895, the early-month swing high of near $1,854 can flash on their radars. Overall, the Gold price may keep grinding higher as promising oscillators join the metal’s hesitance in declining.
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OANDA:XAUUSD
by MTradingGlobal
2
Gold buyers brace for fresh 2023 highHaving successfully bounced off the 200-day EMA, the Gold buyers poke a four-month-old support-turned-resistance line as bulls await final clues for the next week’s Fed meeting. Given the overbought RSI conditions, the metal buyers appear to run out of steam and can keep struggling with the immediate hurdle surrounding $1,930. Even if the quote crosses that previous support line, the year-to-date (YTD) high of near $1,960 can act as an extra filter toward the north. It should be noted, however, that a clear run-up beyond $1,960 enables the bullion buyers to aim for the 61.8% Fibonacci Expansion of late September 2022 to February 2023 moves, near $2018. On the flip side, pullback moves could aim for the 23.6% Fibonacci retracement level of October 2022 to February 2023 upside, near $1,877. Any further downside, though, will need validation from the early March swing high near $1,858, a break which makes the Gold price vulnerable to retesting the 200-EMA support, around $1,810 at the latest. It’s worth noting that a clear break of $1,810 will need validation from November 2022 peak surrounding $1,786 to convince XAUUSD bears. Overall, the Gold price remains firmer but the bulls need a breathing gap before leaping toward the fresh YTD high.
OANDA:XAUUSD
by MTradingGlobal
Guide to Asset Allocation and Investment Planning in IndiaAsset allocation is a crucial process in investment management, where an individual divides their investment portfolio among different asset classes, such as equities, debt, and cash. It is the process of deciding how to distribute your investment portfolio across various asset classes to achieve optimal returns for a given level of risk. Asset allocation has become increasingly popular as people seek to diversify their portfolios and minimize risk. According to a survey conducted by ICICI Securities, 73% of Indian investors prefer mutual funds as an investment option due to their potential for higher returns and diversification benefits. Asset allocation balances risk and reward, considering an individual’s investment goals, risk tolerance, and time horizon. For example, someone with a high-risk tolerance and a long-term investment horizon might invest more in equities. In contrast, someone with a lower risk tolerance and a shorter investment horizon might choose to invest more in debt securities. Factors influencing asset allocation include an individual’s investment goals, financial situation, risk tolerance, and time horizon. It is crucial to consider these factors before making any investment decisions.
NSE:NIFTY1!
by rishurishab66