Symbol - XAUUSD
Gold has given a huge up move in recent months after breaking out of 2070 - 2080 zone.
Gold went till 2430 on 12 April and witnessed sharp selling immediately from that level. After consolidating, It tested 2420 level today again and exhibited sharp selling from that level for the second time.
XAUUSD CMP - 2392
I'm planning to short it between...
MCX GOLD is currently trading at 68900.
I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC.
I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100.
I think rally in gold is about to end and...
MCX Gold has rallied one way from 62000 to 67000 in last 5 weeks without any major retracements.
Gold is currently respecting a rising channel pattern & currently trading at higher end of this channel pattern. I'm expecting gold to correct and touch bottom of this rising channel.
I tried to short gold last week but it went sideways so I had to close. Closed that...
Good Day ,
Hello Traders,
PVR looks bearish below 1714 as it will be more weak and more downside will be there till 1621.
One can plan a short trade with keeping Stop Loss as 1770.
IF it didn't sustain 1621 then more downside till 1489 is coming up
Time Frame : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please...
Reliance Make Multiple Attempts To Break ~ 2680 In Few Day's But Unable To Close Above Resistance, Short With Stop ~ 2705, Target ~ 2550.
Trade Nature ~ Short Term Trade Setup.
Crude Oil is hovering around 6030 on MCX.
Sell crude Oil around 6030 for a target of 5800.
We are not responsible for any loss or even porfits you incurr on our suggestions.
Charts and views are only for educational purpose.
Gold is showing a change in DOW theory
Made a Lower High, so, expecting a Lower Low
Chart pattern seen is Head and Shoulder, if breaks neckline then good short.
Target marked in the chart above.
BankNifty formed a double top with bearish divergence
Above 35436 : If price breaks out, then flag n pole setup to be followed and target next resistance - 35750 / 35800
Below 38494 : If price breaks down, then double top confirmed, 1st target 34140, 2nd target 33270
Happy Trading !!!
