For the Sensex monthly expiry on 28th March 2024, I anticipate a bullish trend driven by positive economic indicators and corporate earnings. Continued government stimulus measures and favorable global market conditions are likely to support investor sentiment. Key sectors such as technology, healthcare, and renewable energy could outperform, while stable...
Chart patterns are the most loved trading strategy among traders. There are different kind of patterns traded in stock market. One of which is inverse head and shoulder - a trend reversal pattern. Upon formation of this pattern the stock trend get reversed. Generally if the stock is in consolidation phase then this pattern is seen.
Now here I have observed...
- AXP is setting up for a supply reaction
- It can surely retrace the whole move it created from the origin
- Inefficiencies created should be filled by expansion and post that a bounce back
- Do not initiate shorts from the mentioned zone like a fool without a reaction
Greetings celestial beings,
Presently, the price of gold is displaying favorable momentum as it remains above the significant threshold of 2000 USD at the commencement of this week's trading session. As of the time of writing, it is fluctuating around the mark of 2004 USD.
Simultaneously, the US Dollar Index (DXY) is hovering around 106.6, having retraced from...
Gold prices edged lower at the start of the week after posting solid gains from haven flows that were seen outperforming higher government bond yields across most of the globe. The price of precious metals decreased not because gold's upward momentum was over, but because the market needed to consolidate with resistance at 1,985 USD/ounce.
The geopolitical...
Currently gold is trading around 1980 USD and has increased a total of 7 USD today. It can be seen that after the Fed chairman's speech yesterday, gold's reaction was not too strong but still developed with the highest impressive number in the past two weeks since October 6.
The reason gold prices increased cannot help but mention the fact that the gold market...
Hello ladies and gentlemen
👻Gold continues to rise as predicted currently trading at 1882 USD. The main reason is that last night's news made the USD cool down, causing them to return to a defensive level.
A little technical analysis
👻Gold is being challenged near the 1888 USD area (resistance level). It is likely that after achieving a good increase, Gold will...
Dear ladies and gentlemen
The uptrend of GBPUSD is becoming increasingly clear. Waiting for the 1.22700 zone we can make a Scalping signal.
GBP/USD holds above 1.2300 ahead of UK economic data.
Currently, it does not have a major impact on GBP fluctuations. Tonight's US CPI data is likely to make GBP continue to rise and break the above resistance.
⚡️Market news
Gold hit a 6-1/2-month low on Wednesday as support at $1,900 an ounce since early August collapsed amid continued investment flows from the yellow metal to the dollar and treasuries. silver.
The most active gold futures contract on New York's Comex, gold for December delivery, was steady at $1,890.90 an ounce, down $28.90, or 1.5%. Gold's previous...
As expected, yesterday we witnessed a very unique performance in gold with a significant decrease. Gold actually fell to $1900/ounce, facing selling pressure from the rising US Dollar (USD).
However, this is also considered an important support level because it was previously a milestone marking the development of gold prices pushing to higher levels.
In terms of...
All the key points, aspects, and probabilities are clearly mentioned on the Chart. Kindly do your own research before entering. Or DM for daily premium trades.
THANK YOU
⚡️Market news
Gold prices traded more steadily on Friday, thanks to supportive policy measures and strong business activity data from China. These factors boosted market sentiment and dampened the safe-haven demand for the US dollar, limiting its recent appreciation.
Furthermore, concerns about low yields on US Treasury bonds also provided additional support for...
Gold prices slightly extended its gains and successfully continued a third day of gains.
TVC:GOLD hovers around $1,900/oz during the Asian session on Wednesday, showing signs of recovery from four consecutive weeks of losses despite a firmer US Dollar (USD).
However, a stronger recovery is unlikely at the moment.
After days of continuous decline, gold...
Tata Motors is trading in a very narrow range and we expect a breakout soon on 15 mins chart.
A short position below 302 for a small target of 298 from where it is expected to rebound.
If we see a bullish breakout then we can buy for a target of 315 followed by 323.
Ultimately the momentum is still bullish and just we need to wait for a right entry level.
All...
Nifty shows a potential upside for tomorrow session. A perfect W bottom with clear diversion on TDI. The diversion is strong as the first leg of the diversion is outside the Bollinger band followed by the second inside leg. If it breaks the trend line we can expect the 61.8% levels tomorrow.
D Link looks positive as it is have a strong support near 98 level. One can add this stock for a short term purpose.
Entry- 98- 99
Target- 107-114
Stoploss- 95.8 Closing Basis
