#TATASTEEL has completed an A-B-C correction into the 200 DMA support and has rallied off the level.
The down move has also been within a contained channel and is about to break out.
A good entry point will be the break of the upper channel , targets in wave 5 will range from 1570 to 1870 levels
Look for a risk containment at the recent lows of 1248
In general,...
Gold prices are sitting atop rising trend support guiding them higher since August 2021. Immediate resistance is at 1813.40, with a break above that exposing the 1834.14-49.64 area. November’s swing top at 1877.15 follows thereafter. A daily close below 1778.50 may confirm bearish reversal, targeting 1750.78 next.
Gold consolidates for more than a year after a massive impulse move
The next impulse wave could be a powerful move
To understand the market structure, look at the chart.
----To protect your capital, please follow your risk management procedures-----
Midterm forecast:
While the price is above the support 1762.98, resumption of uptrend is expected.
We make sure when the resistance at 1874.88 breaks.
If the support at 1762.98 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1762.98 is broken.
Technical analysis:
The RSI support...
Gold could Break On Either Side on Weekly Charts. Any side break could give $175-250 Move. With RSI above 50 and COT Index Bullish, i am having a slight upside bias. Lets see
OANDA:XAUUSD has been trading in a very tight range over the past 2 day - which can be observed from the markings on my chart.
The Day Highs and Day Lows of the past 2 days have actually been roughly the same.
This makes the Previous Day High (PDH) and Previous Day Low (PDL) from today's perspective very good breakout levels - which I have marked on the...
Having reacted to ECB and BOE announcements, gold traders keep their eyes on the US monthly jobs report for January during early Friday. Given the latest negative surprise from the ADP Employment Change, today’s Nonfarm Payrolls (NFP) becomes the key for gold prices as the metal seesaws around the 200-DMA, near $1,806 by the press time, ahead of the release. That...
Description : Silver is forming a beautiful triangle as lower supports are getting tested whereas upper resistance levels are getting lower as you can see with trendline zone.
Support Area : Break of Support at 21-22$ downside will lead to immediate support at 19$. Although Support are has been tested several time it breaks might see free fall.
Resistance...
EURCHF is about to touch the floor of 1.03016 in the coming days but for that, we have a point to trigger 1.03831 once it touches this sealing then we can aspect eurchf to fall down to our target
Silver prints corrective pullback around three-week low, bouncing off 78.6% Fibonacci retracement (Fibo.) of December 15 to January 20 upside. It’s worth noting, however, that the MACD remains bearish and the RSI is off the oversold territory while silver prices keep a downside break of a seven-week-old ascending trend line. As a result, XAGUSD bears remain...
gold will move upside for longer-term but here before price move upside price need a boost i mean liquidity so for price could move downside again before it rise up side
1810/1830/1840 important level even 1800/1785-80 keep eye on these level
