iambalramkashyap

iambalramkashyap

As it is clear from the chart that previos support in now acting as resistance (Blue Trendline) so we can have two possible scanarios from here. one, it can take some time like a week or two to break above 1800 two, it can go directly above 1800 if hold on 1785 after FOMC minutes . Overall my view will remain bullish till it trade above 1750 Level (Black Line) .

iambalramkashyap

Dxy tested this trendline on daily time frame ....if breakdown then more decline and if hold then we can see bounce from here . Gold is watching this level from 1770-80 area .If dxy decline from here we can see 1800 soon on gold .

iambalramkashyap

On monthly chart silver rejected from the support and looking good if hold the recent low .

iambalramkashyap

After rejection from the major support of 1680 now at the month end we can see a big wick on gold chart , this wick also supported by the decline on DXY. So we can expect good bullish move if month close above 60-70 zone. As Simple as that!

iambalramkashyap

On short term outlook , after the breakout of bull flag and push during FED speech gold able to test 1740, 1740 is major level and currently gold is trading near it . If able to breakout we can see good bounce and we can expect higher levels(1770-1772) very soon .Main resistance zone in 1745-50. On intraday 1728 (Also Pivot on intraday ) is imp support if gold...

iambalramkashyap

This is monthly chart and we can see that 1680 is major support and in last week we have seen that 1700 is Holding well so far. If it keep holding 1700 for next week then we can expect bounce towards 1760-75 from here and if it breakdown this important support then we can see 1680 within one trading session . As it is clear from the chart that 1680 is next...

iambalramkashyap

In Yesterday trading session we have seen that Gold Tried to Breakout this first resistance but failed now in second attempt if gold able to breakout the first resistance then we can expect good upside move and test towards 1750 is possible after today's data.

iambalramkashyap

Sharing some Key Levels to watch for Gold , In yesterday trading session we have seen good bounce after Inflation Data but still It is under selling pressure ,Let's see if Gold able to hold on Yesterday low or not.

iambalramkashyap

1722 Big support if we look on Volume Profile , If Hold we can expect some bounce towards 1750-65 from here and if Not then More decline towards 1700. So we can Look for Buy until this level is safe on intraday basis but if breakdown 1722 then we can look for sell.

iambalramkashyap

Gold is currently trading in range , we already seen good bounce from the recent Low/Support 1785, We have to wait how Price Behave if it test the marked Zone (High Volume Zone ) 1805 area .If able to hold on this zone then we can think about the buy otherwise more decline/Re-Test possible. **Previous Idea Comes true***

iambalramkashyap

As this zone is holding well and Gold Tested this zone many times so we can expect decline after breakdown of this zone .

iambalramkashyap

EURAUD Currently Trading in 4H TF Parallel Channel , Either Wait for Channel Break or Trade within the channel or wait for the channel breakout for Long or Short Position Accordingly.

iambalramkashyap

Cipla on15 Min Chart

iambalramkashyap

#tatamotor #nifty

iambalramkashyap

14500 Target