Gold Price reverses the post-US inflation retreat from a two-week high as market players await more consumer-centric details on early Friday. In doing so, the XAUUSD bounces off 100-SMA and justifies the firmer RSI (14) line. However, bearish MACD signals will join a two-month-old horizontal resistance area surrounding $1,880-85 to provide a tough fight to the...
Friday's price action a) brought the price precariously close to the descending triangle breakdown b) Trendline recapture miserably failed and confirmed the breakdown Both (and 2 other EW based factors) points towards price reaching green zone after break of blue zone. The momentum oscillator is also no-where near the oversold zone and indicating some more...
if price goes above 44869 then it can give you a quick 80 to 100 points move , but a sudden break down from top may happen so be careful.crossing above 45002 will surely push price to the level of 45144. Squeeze getting shorter but angled upside, in this situation if it gets broke down then it have to face lots of strong support quick bounce moves, which is...
Today's expiry played its role well and in the closing hours it gives a good indication for the intraday players. Technical Data: Momentum - Positive Heikin Ashi - Positive MA Bullish Cross - Positive Macd Histogram - Positive All these positive signs indicate a bounce for the intraday traders. Disclaimer: This is my pre market analysis and my trading journal....
Gold trade in downfall wave expted more down Note here i share idea only for education perpose
Major & Minor sup & res lines for coming days....lets see
Black Friday is waiting for you eagrly........next two weeks will be crucial for nifty .......18800 coming this month ..........this will happen in next three days non stop ........put position of next week or month expiry is going to give to 10 times returns .....
Major & Minor support & resistance lines for coming days
sell gold blw 58000 on rise sell sl 58129 tgt 57850 yes spot gold blw 1870$ looks dwn fall till 1866--60$
buy gold stya abv 58100 tgt looks 58270--300++++ buy on dips sl 57966 spot gold abv 1877 looks zoomed 1890=96$ yes today cpi data so may be some voal tile
If #NaturalGas breaks below its 276 support level, we can see further downside.
Hi, STATE BANK OF INDIA on the verge of ascending triangle formation breakout. If it breaks and sustains above 605 : Positional Target - 658
Entry: Long if sustained above 286.5 Target: 294-300 zone Stop loss: Below bearish order block (OB) This analysis is based on the following factors: The price has been trending upwards recently. - There is a support level of 286.5. - There is a resistance zone at 294-300. - The trader is expecting the price to continue to move upwards if it sustains above...
yes its gap dwn opened now eys on 85$ if stya abv thna expect 86-87$ or if hold blw 85$ thna sell on rise may be melt dwn tgt 82.20-81.30 thna after 78$ in mcx 7059 blw dwn only if find near 6980-7000 sell only with sl 7062 tgt 6868--6770 thna after more bear mode will update in trade hrs
sell natural gas 281@mkt or come285 sl 290 cls base tgt 276--260+++ yes bear pattern occurred on daily chart sell on rise looks correction here
The Fibo levels marked on the chart show clearly that Silver has broken out over horizontal level. Its a multi year Break out. I gave the major levels in my previous idea upto $32. (link Provided) Ist major target is 24. Maintain a SL of 19.49. Stay invested. Next major three canldes to be watched in coming three days are as under: 10-12-23 12:53 PM 10-13-23...
Elliott wave analysis:- View 1:- if it is a BULLISH triangle then it will break upside and the entire pattern next to w) wave is TRIANGLE X) Pattern. View 2:- If X wave was flat correction then a) wave was completed and b) wave was a BEARISH triangle and C wave has to break downside and the target will be same size of a) wave. i am not a...
-The gold price last week retraced after the NFP data and took the demand zone of the last swing low area which is near 1808-1805 -Before going upside the gold needed to retrace the same demand zone from 1812-1816 -Need to break the near resistance which is 1837-1844. -For the breakout long 1846.800 SL 1837.300 TGT 1877.500 -The near support is 1812-1816