. There is still a possibility of temporary retracement to suggested resistance line (1897.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
S&P500 CMP 3390
1. Taking support at trendline (Pink marked line)
2. A bounce may expected from here (till Blue marked line)
3. If this support gets broken a downfall may be
seen till 3230 (green marked line)
Note : This idea is only for educational purpose.
Gold seems to be trading above this neckline in the recent past but only to fall back to this level again and again. Wait for clear break down and retracement as well. Can expect it to fall down to first ~1875/then to ~1850 levels. watch out and let me know your views on this
The downside break in prices is a possible opening for the re-entry on the downside. Watch for the risk level to hold. If prices do not re-enter back into the channel in the coming few hours, the downmove should sustain
While the price is below the resistance 1920.00, continuation of downtrend is expected.
We make sure when the support at 1747.50 breaks.
If the resistance at 1920.00 is broken, the short-term forecast -continuation of downtrend- will be invalid.
The Falling Wedge taking shape and as a bullish pattern suggests we will soon...
While the price is below the resistance 2075.05, beginning of downtrend is expected.
We make sure when the support at 1851.00 breaks.
If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.
While the RSI resistance #1 at 62 is not broken, the probability of price increase...
Gold has enter the long term bearish trend.Head and shoulder pattren given the breakout at 1890 $ .Its showing the down side target range nearly $ 305 . so we expect target of gold is $ 1585 in the couple of months. and also it has hidden bearish divergence.
While the price is below the resistance 26.20, beginning of downtrend is expected.
We make sure when the support at 19.65 breaks.
If the resistance at 26.20 is broken, the short-term forecast -beginning of downtrend- will be invalid.
The RSI downtrend #1 is broken, so the probability of beginning of downtrend is...
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
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Clearly todays inventory data showed fall in reserves of inventory. So when inventory data is less it implies that lot of crude which was saved up as reserves were put to use or in other words consumed.
Now I want to shift your attention to this term " PRODUCTIVITY OF A COUNTRY "
When crude is consumed like the data shows it means productivity of a country is...