Short trend bullish or Neutral, Long term Bearish indication. trade according to support and resistance levels,
MCX Gold 1Day time frame 48648 Resistance 46617 Support 1 44036 Support 2
on 1W chart at the primary degree it looks like wave 4 is down of an ascending leading diagonal is underway. 36615 (1.4%) Risk 26723 - 26800 (17.1%) Target
Note : This is long term view like monthly, short term it may consolidate. Support 35429 (1.9%) Risk Resistance 45717 (26.6%) Target
14800 support and we are in the 5th wave formation as per Elliot wave.
Nifty 1 day chart it looks like wave 5 up of an ascending diagonal underway .
UASINR 4hr time frame as per Elliott wave showing strong bearish trend.
Elliott wave looks like wave 5 (Bank Nifty 36625)up of an ascending impulse is underway.