Silver pierced 61.8% Fibonacci retracement (Fibo.) of May-September 2021 downtrend to refresh seven-month high on Tuesday. Following that, an upward sloping trend line from September 2021 challenged the metal’s buyers but couldn’t hold the forte. Also acting as the key hurdle is the overbought RSI conditions suggesting a pullback. Given the quote’s sustained...
Directional Bias: Bullish Pattern Type: Continuation Pattern Description: This pattern occurs within the context of a longer uptrend and is characterized by the price forming a u-shaped cup with a short handle on the right. The duration of the cup should last at least 7 weeks if using a daily chart. Volume Description: Volume will typically follow the shape of the...
Analysis Points : - - 76 Weeks of Consolidation - VCP Formation - Near Trendline Breakout - Fibonacci Extension near to its Previous All time high (1st Target) - Daily chart outperforming Nifty by 3% in previous week this show relative outperformance of instrument vs Nifty. Note - This view is not for short term trading purpose this is rather positional...
on weekly chart Gold has given BO from triangle formation. expect more bulls moving forward
INVERTED HEAD AND SHOULDER BREAKOUT EXPECTED. TRADE wisely. WE CAN JUST PREDICT. Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
educational purpose only metal sector has been doing extremely well and National Alum has been outperforming. This is one chart which is bullish even in a bear market. The trend is buy on dips. there is a strong support at 118.75 level and the stop loss should be below the support.
MCX copper withing the channel and brokem imp support 845-840 with strong bearish candle below this 820--800 possible on downside... view is valid till it is below 845 views are for educational
Gold needs caution now. Commentary On Chart.p>Lease tighten your stops NOW.
structure seems bearish . touched the monthly high
From 1150 level back in August 2018, Gold rallied up to 2075 highs in August 2020. After that peak it corrected to 1860 in March 2021. 1860 became the short term bottom for the price as price found support there twice in March. Later in August and September price found support twice in the 1730 zone as marked on the chart. The bullish flag pattern would remain...
GC_$ future given a breakout from the triangle pattern and now moving towards $2050+++
As equity market are falling, investors always find gold attractive. Gold will be close to its high, wait for a pullback above its high , for a long position. Gold will give a good return in 12 - 18 months period,as equity market are struggling.
MCX:NICKEL1! #MCX:NICKEL trading bullish and reached ATH, Potential level marked on chart only for learning. Also marked my trade details with entry and stop loss for easy reference. Sharing live trades for gaining live market experience for beginners, target hit/not Hit doesn’t matter, only the experience matters. Share your feedback to continue live trades...
gold is at good pattern where we can take a trade for swing position
Midterm forecast: 1874.88 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 1874.88 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1780.20 on 01 /28/2022, so more gains to...
Due to the uncertainty in the stock market, Gold and Silver raised to a greater extent. If you are looking for shorting opportunity, then we have to wait for perfect time in which the market reverses. This chart will gives you support and resistance for both long and short term. Disclaimer : Analysis are purely for educational purpose. Do not take any...
Gold seesaws around weekly tops after poking $1,951 during early Friday. In doing so, the bullion remains well above short-term key supports ahead of crucial US jobs data. Also keeping gold buyers hopeful is the ongoing Russia-Ukraine standoff. That said, overbought RSI conditions and recently easing bullish bias of the MACD hint at gold’s extended pullback...
Hello Traders, Hope you all are doing good!! I expect Gold to go Down after completing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can...