First, 2260 acted as a resistance on 6th Nov'20 and it acted as a support on 26th Feb'21 and moved up from the support.
Second, if I apply the fibo retracement from 1912, you can see that market rejected the 61% fibo level at 2260, so again it touched the support and moved up.
Third, there is a bullish head & shoulder made from 1st Feb'21 to 25th March'21, 2483...
#Bitcoin hitting all time high as predicted earlier on 8th March, after breaking the ascending triangle. It hit the exact target as of now.
We might see the price now testing the previous resistance (Support as of now) and might hit new highs.
stay tuned for the new highs and keep your eyes open.
*** THIS IS NOT A FINANCIAL ADVICE, TRADE AT YOUR OWN RISK!! ***
Gold against Dollar , expects to be bullish after a dip and rise at the last day of the last week.
Price action suggest it could be breakout trade this week at 1728 area..
If any negative impact on fundamental analysis , it might break into 1680 area..but analysis suggest a bullish week..
Analysis only for education purpose
Today will be gap up opening in banknifty near 36000 level. If banknifty trading and sustain above 36050 level then expected it will give further 300-400 points rally towards the 36450+ level. Downside 300-400 points possible below 35950 level. Upside it will face resistance near at 36450-36500 level in case breakout of this resistance then can expect further...