Gold forms huge cup and also gave handle breaakout.
Breakout from triangular pattern and retracement after it on the monthly chart. Bullish on long-term charts for years.
closing above line given with green hammer
fall expected on technical charts, till the upward trendline
Crude oil will rise till the line then fall again. But if it breaks out above it, it will rise heavily. But chances of upward breakout are less. Already inflation crisis is hanging sword on global economy. Such rise in crude oil prices will make things worse. Let's see how the "price action" happens.
Buy @ cmp 668 Target 800 & 900 for Short-term amd Medium term traders. Duration:- 1-2 months
It's a rare pattern. Extremely bullish after breakout above the upper trendline.