The price of gold (XAU/USD) has taken advantage of its recent upward momentum and reached a new record high around $2,152 on Wednesday. This price increase comes amidst expectations of an upcoming change in the Federal Reserve's policy. Comments from Fed Chair Jerome Powell have reinforced these expectations, indicating that the central bank is likely to lower the...
Hello Everyone,
I've conducted another analysis, indicating that we might experience a good correction, likely in the 2nd or 3rd week of January 2024. But the question is how far this correction will go?
Projected Support Levels:
1st Support: 21,100
2nd Support: 20,250
3rd Support: 19,950
I'm optimistic that the correction will be limited to 21,100, after which...
Gold/XAUUSD Seems Bearish on Technical and Fundamental Basis..
Above are levels to trade gold better...
Sell on rise would be better strategy
could be Short/ Sell Now At 2007 with Tgt of 1995 towords 1980....
Colpal broke the neckline following the formation of a double top , signaling a potential bearish trend. We've initiated short positions based on this pattern.
Please note, that the provided chart includes details such as entry points, stop-loss levels, re-test zone, and target levels.
However, trading involves risks, and these are speculative predictions....
Crompton, After a huge rally, in the top it has formed a head and shoulder in daily time frame.
after huge downfall it has retraced a bit and formed bearish flag.... and it may continue to fall upto given levels ....
Make decision wisely...
Head and Shoulder #HnS with breakdown has formed in #ABB
A clear left shoulder, Head and and right shoulder is formed.
break down came in this week below the neckline and the pattern has completed.
Let's see if the pattern can show it's effect in coming weeks.
PS: This is only for educational purpose
The gold price has recently dropped below the psychological $2,000 mark, indicating a bearish trend after breaking the 61.8% Fibonacci retracement level of the November-December rally at $2,012-2,010. Daily chart oscillators are losing positive momentum, supporting the possibility of further declines. The next potential support level is the 50-day Simple Moving...
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* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of...
Hi, in this chart i Got a Good Top in NIFTY , please Observe this levels and Analysis your own... Don't Take any orders Based on this Chart because this is just Observation purpose only.
I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this...
Everytime Nifty has formed 2 or more NR7 candles consecutively, it has given a down move. The retracement till .5 - .618 of the previous down move is also completed, so more up-move is highly unlikely. Keep a Short bias.
Nifty has completed the retracement till the .5 & .618 fib levels of previous down leg(which also started after a similar retracement) There may be one more down leg remaining before the market finally decides to move up. The candles in this retracement have been not completely strong and have left some gaps on the downside, so the possibility of a another down...
