Hello everyone, let's strategize for the new day with RKarina! It can be observed that yesterday afternoon, the price of gold increased significantly, surpassing the important resistance level at 2035 USD and approaching the level of 2050 USD before stabilizing around the 2045 USD range in the first half of today. In line with this, the core PCE of the United...
Opening: The nifty futures opened almost flat (GAP is the adjustment) and formed a BIG bull bar as the 1st bar indicating a bullish strength which was confirmed as bears weren't able to pullback to the MA even after 20 bars Mid day and closing: The market behaved like a typical bull trend day closing near it's high PROFITABLE TRADES: One good trade which i...
Crude oil is in strong up trend, hourly indicators are showing a bottom near 6500.
After 5months of rigorous compression it nears its long term resistance trendline With VCP pattern its likely to break resistance forming upthrust candle.stop loss closing below the rising support trendline
Mentioned Selling Area Idea Achieved CMP is 2063: As mentioned for different zones for selling area and buying area, post Michigan sentiment data release and while Running Speech of Fed Member we have witnessed gold value touched at 2063 from where its a possibility that it will take a turn towards Pivot range in coming week time Not to Forgot that Next Week if...
Crude oil bullish on weekly chart. Took support on 200 EMA on weekly chart (White Line). W pattern in making. Demand Zone is marked as Green shaded horizontal area. Double Bottom is marked with 2 Stars which makes Demand Zone stronger. Resistances are marked as red horizontal lines (For Long Term). Stoploss is marked as orange horizontal line (For Long...
Banknifty Make or Break Situation. around 47980 to 48080 - is the one of MAJOR Retracement Zone. where possible Trend takes a Pause or Reversal, and if it Breaks above it with a BULLISH Candle then Banknifty will be again in a MAJOR BULL REVERSAL TREND. so, keep watch these levels carefully.
The chart shows the price is traveling in a descending parallel channel formation. This time reaching towards the upper levels of the channel. If rejected from the levels of 2044-2052, may be in a downtrend for further sessions. Possible targets are indicated on the charts. This illustration is my personal view only, for learning and sharing purposes, not a piece...
Xauusd , Gold in bullish in short term view, close 2065 level, then return
Though long term silver trend is mildly bearish, it may bounce from here based on stochastics and VI indicators.
REASON FOR BUY : 1 Bullish Engulfing formed in 1H low 2 Price closed abv SMA in 1H 3 MACD is in Positive in 1H and Daily
copper spot blw 3.81$ looks dwn fall 3.75--3.70$ in mcx looks breakout sell copper 723@--724 sl 726 tgt 720--715++++++
mcx gold stya abv eveng timne 62380 looks up side 62460--560++++ where support indicate 62255@ usdindex favor in upper side -----silver styaa bv 69800 looks up side 70100-400+++ silver buy on dips after lvl sl 69493 gold sl 6255 support sl
gold spot styaa bv 2042 loks up side 2048--55--65$ yes support 2030 buy on dips with tight sl more lvl stya connect with us
Gold Analysis based on Key structures and EMA cross over.
Hello dear friends! What is your prediction for the movement of gold today? Last night, gold briefly touched the $2025 mark before quickly recovering to stabilize around the $2035 range, facing challenges around this resistance level. Due to the narrowing Bollinger Bands, it is predicted that gold will have minimal volatility today, possibly fluctuating between...
sbin stya abv 770 looks up sid e775--78 ultimate 800+++++ yes buy on dipsss with 760 sl let see in near terms looking bullish sentiment
In the volatile world of commodity trading, gold stands out as a prized asset with its unique dynamics and responsiveness to market shifts. Trading gold reversals requires a keen eye for patterns and a strategic approach. This article explores a potent strategy: identifying breakdowns of previous lower lows and leveraging substantial volume to initiate trades on...