Gold trading in the zone forming symmetrical triangle, waiting for the breakout .
It is testing 3rd time on trendline( which is always said to be strong zone) and on horizontal level 1010-1030 price zone support overall trend from “1”. For next trading sessions 1055 above expecting 100points move, wait for blue trendline breakout also rejections from 1030.
Expecting a drop from 2500-2520; need to look for further confirmation. If rejects supports finds at 2250-2300 zone for next few trading sessions.
Expecting to test next support level at 21000
Holds strong support at 1030-1033; resistance at 1056+ (Strong support/resistance holds at 50%-68% retracement of any impulsive move with a breakout)
Holding support at 2440; finds next resistance at 2510-2520, shorting only below support ,if only breaks with strong momentum in price.
(Intraday) Bank nifty is in the strong zone , Between 22100 - 22800; if rejects 22000-100 levels ...expect little rally to 22800.
Bigger TF at Resistance; in 5min we can see strong down push.. expecting little more down push
ibul formed a bearish descending triangle, holding 221.80 strong resistence