kaushil_dafda

kaushil_dafda

Their might be two possibilities in gold, If the gold holds resistance level and then give breakout we might see good move above ( BECAUSE THAT RESISTANCE TESTED AROUND 4 TIMES ) And if it forms like M pattern Or kind of Head and shoulder then go for SELL. NOTE - You can adjust time frame for 5 minutes because I'm unable to post 5 min chart to public.

kaushil_dafda

crude is in buying momentum from yesterday and now as we can see it is taking rejection from the level of 75.00 and now making a range so if the range breaks then the buying level is 75.50 and remember their is a resistance at 76.00 so it's like a scalp trade. plan the trade accordingly with proper risk reward.

kaushil_dafda Updated 

Crude is in consolidating phase so as per the 30 min TF if crude is giving breakout and trade above 74.35 on 30 min candle we can plan BUY till 75.00. And if it goes down we have to wait for the 30 min candle close below 73.50 and we can get Target upto 72.80. We can get Trade around 13:30 (IST) Or 15:30 (IST) NOTE- The TF should be 30 min.

kaushil_dafda

After a good moves Gold is now collapsing in a Symmetrical triangle pattern, So keep an eye on both of the trendline that which side it breaks.