Gold is in its fighting zone between 1832-1882.
Not gold is running between Major trend line of selling (Long term) and another selling trend line (short term).
Major trend line has been broken by gold and retest successfully but short term selling trend line was not broken by the Gold.
However, it is very early to predict any move of gold but two things is in...
Gold is in between two major trend lines out of the which one is suggesting Sell Continuation continuation pattern and one is Buy continuation pattern.
However, Gold has broken selling trend line but the same has been retest by the gold but it is under pressure because it is at 61.8% of Fibonacci retrenchment of selling trend.
Buying trend line continuation...
See The Fibonacci golden level (61.8%) which is Giving respect to gold In down Trend.
Further if gold does not respect Fibonacci golden level then see the trend line.
This is the author's own opinion
TRADING TIPS
GOLD BUY 1732
TP 1736
TP 1742
SL@1828
LONGTERM TARGET IS DOWN SIDE AND FOR THE SAME CHART WILL BE PUBLISHED TODAY EVENING.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2529.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.06).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6695).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (34599.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4277).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Swing Trade : KNR Constructions
Reasons :
1) H&S Breakout with good volumes and retracement also done with good volumes.
2) taking good support of EMA's that's why Stoploss is near to 20 Day EMA.
Can be played for upside move with stop-loss of 305, for the target of 335/360..
>> NOTE : I’M NOT RESPONSIBLE FOR YOUR PROFIT AND LOSS
I’M NOT A SEBI REGISTERED...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (129.59).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts...
AS SEEN FROM THE CHART, GOLD HAS BEEN REJECTED MANY TIMES FROM ITS MAJOR REISITANCE 1828-1832.
HENCE, GOLD IS LIKELY TO BE IN DOWNTREND.
TRADING TIPS
SELL GOLD 1818-1822
TP1 1812
TP2 1808
TP3 1803
TP4 1792
SL @ 1832
‼️Follow proper risk management.
‼️Trade at your own risk.
‼️Always close half lot & move SL to entry point after TP1.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8336).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY broke the support zone of 130.000.
The eurozone CPI y/y data will be released later at 1800 (GMT+8).
Final CPI y/y (Forecast: 5.0%, Previous: 5.0%)
Final Core CPI y/y (Forecast: 2.6%, Previous: 2.6%)
The European Central Bank will be releasing the minutes for the most recent monetary policy meeting later at...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3160.51).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (42470.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.0647).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDNZD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
