iambalramkashyap

iambalramkashyap

Gold price is currently due for correction , Friday closing was bearish but still need more confirmation to see possible correction (Need one more day to close under PDL (2658 ) , On price action it is clear that price is currently forming head and shoulder pattern and to validated this pattern price need to breakdown at least 2650 level , In Higher side price...

iambalramkashyap

📊Yesterday Price Rejected (took support) from weekly pivot (2025) and today price trading above daily pivot (2031.20: Extreme Narrow, means market can spike in any side with good momentum so watch your stops carefully) 🚀Intraday Buy Scenario :Price above daily+weekly Pivot+ Above trendline support, look for 2040 then 2050 Level. 🔻Intraday Sell Scenario: On...

iambalramkashyap

On Friday, the highly-anticipated US Nonfarm Payrolls (NFP) rose by 199K in November from the previous reading of 150K. Additionally, the Unemployment Rate declined to 3.7% from 3.9% in the previous reading. Average Hourly Earnings held steady at 4.0%, matching market expectations. Finally, the preliminary University of Michigan Consumer Sentiment Index for...

iambalramkashyap

As per price action we can see that price is falling from the weekly open and printed 3 big bearish candles and bulls not able to push it above the pivot level, today also price trading under the daily pivot which is in bears favour. For bulls watch current price zone (1945-52) it is support zone as per VP. Next support level is at 1933 (Fib retracement Level). on...

iambalramkashyap

Price facing resistance at 2000,currently trading inside high volume range (1970-2000) Best scenario For sell:Price need to trade under daily and weekly Pivot Average Best scenario For Buy: Price need to trade above daily and weekly Pivot Average Overall it is good for buy the dip till 1970 is safe , on breakdown of 1970 price can extend the decline towards...

iambalramkashyap

Gold maintaining the bullish structure and moving higher day by day and now trading above 2000.On Daily TF also it is under bullish pressure and maintaining the HH structure. This week main event is FOMC and before that we can expect some range bound trend but as you know that current gold bullish rally is also supported by middle east war. On Intra day TF watch...

iambalramkashyap

As you can see that during this decline cycle gold price faced resistance on golden fib zone previously 2 times on daily time frame, current price is also trading under this golden zone for current retracement phase , watch this zone carefully if daily candle close above this then we can expect good bullish move but if the price failed again to break above this...

iambalramkashyap

All eyes are on on Jackson Hole meeting today, Gold is under CPR, and DXY moving in the higher side without breaks, Let's see whats in Friday's menu

iambalramkashyap

In Yesterday's trading session, we have seen big bullish spike /short squeeze(correction +Retailer Squeeze + Near to expiry PCR)and gold printed a healthy bullish candle which covered almost 5-session decline. On the price action note now the main task for bears is to breakdown the daily pivot as bulls now defending daily pivot successfully from last 3 trading...

iambalramkashyap

Price is trading in range on Intra day TF the range is 1885-1905 and from last 3 days price managed to close above the daily pivot and today also currently trading above the daily Pivot, so above daily pivot, there is chance for bulls to re-test the yesterday's high but overall we have seen that bears not giving any chances to bulls in any TF. to go high bulls...

iambalramkashyap

Gold Price is still under bearish pressure and bulls are trying hard to break out the 1900 psychological level in bottomside 1985 is holding well on intraday TF. If you looking for a sell opportunity then for a Good decline wait it to break down the recent low or wait for rejection on High Volume areas. Buying is still Limited for scalping only.

iambalramkashyap

If Price Breakdown the trend-line support then next support is at this zone also if price breakdown from this trend-line then we can see some pullback/correction of price on gold

iambalramkashyap

Gold Still under big sell pressure but as we have seen a steep decline so some retracement is possible but overall it is in bears control . More Info on Chart

iambalramkashyap

Chart Speak itself , currently on major suport , breakdown will result in more decline.

iambalramkashyap

Chart Speak itself , currently on major suport , breakdown will result in more decline.

iambalramkashyap

Gold Price extending the decline cylce and cleary it is under big sell pressure and no sign of bulls in any time frame . As per PA next major support is 1870

iambalramkashyap

On Intra day time frame the current Wedge pattern is main concern as price is trading into this formation and respecting both trendlines,to see a good move price need to break this structure

iambalramkashyap

DXY Key Levels pre CPI, Currently trading on narrow range and on trend line support , have to wait how PA going too behave post CPI