Gold is hovering around upper channel of retracement flag in formation for the Bullish Pole created from 1800 to 2100
Gold has shown decent buying from 1980 zone.
Although more retracement is possible, till 1950 zone, But given the strength of the Demand zone established around 1980, chances of buying from this zone upon retest are very much likely.
Gold may...
On. weekly time frame Gold expected to complete its correction, on daily time frame gold seems to be in complex correction.
We should be able to see further bearish move in gold in coming days.
Yesterday Gold is Moving Upper Side but rejected fib.65% retracement as per mention in chart. If gold break 2037.500-2041 & sustain 2046-48 possibility to move bullish momentum, secondly below 2037.500-2040 possibility to move bearish momentum side.
A falling wedge Breakout on silver hourly. Overall structure is sideways on Daily. A breakout above 23.5 will show a good directional move for a target of 24-24.5
DIAMETRIC PATTERN we may see new low between 18th march 21st may 2024 as per triangle pattern correction time of b wave and d waves hald or equal time may consider for new low
I would be happy to see more sell offs on Gold. If not, its okay, we will catch another one. I am Targeting the spikes again. Good luck, don't forget proper risk management. Lets Download Success.
Gold has a potential to sell off. I am targeting the spike with 2 partials along the way down. Risk management comes 1st, remember . Lets download Success
I believe in technical analysis and I have been astonished about the accuracy when used properly, this is one of those cases.
The Peak can be considered as Stoploss
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
Timeframe: 1 Hour
📉 Crude oil poised for reversal post-resistance at 6542, with potential retest and move towards the next resistance at 6583.
🔹WTI crude prices stable around $78/barrel for the week.
🔹Initial 2% dip attributed to interest rate and demand worries.
🔹Strong US inflation data suggested higher borrowing costs.
🔹Market recovered as geopolitical...
