Gold is currently trading very close to channel support
MCX crude is currently trading at a very important resistance zone a break off 4900 - 5000 will be extremely bullish. However, if the resistance is respected deep fall can be expected
Spot gold is currently trading in upper sloping channel. Also there is very important trendline resistance at $1847 which also coincides with 61.8 retracement. Hence spot Gold can be extremely bullish on a break of $1847
Nifty continued to trade in a downward sloping channel, a break of 14950 looks very important
Is there a potential HNS info hourly chart of spot gold? We may More downside before it starts flying
Spot Nifty is currently trading very close to the downward sloping channel support of 14000. Also 100 day exponential moving average (EMA) supports are placed at 14150
MCX gold is approaching a very important channel resistance on a daily chart approximately at 49000. A break off same can open doors for potential upside.
Is Rupee in for a big trouble ??? Will USDINR make a new high in 2021?
Maruti Can be a good buy in short term as there is an inverted Head and Shoulder and a double bottom pattern
Spot gold on a daily chart has witnessed a double bottom around $1677. Can be a possible neckline Breakout around $1755, which can be extremely bullish for gold.
Banknifty if holds 32900 may touch 33800 in coming days
Bank nifty is trading currently at a very IMP level. A break for 32300 will confirm a more pain. If not short term bounce can be seen.
Similar to Gold, Dollar index is also trading at a very important resistance zone. It will be very interesting to watch today's closing
Today's closing for spot gold is extremely important $1727 Also not to forget that tomorrow is a holiday because of Good Friday and we have US non farm payroll data So Monday gap up / gap down is possible
Axis Bank can be a good buy for short term. Stop loss should be placed below the upper ward sloping trendline approx (Arp Fut) 680
USDINR is currently trading at a very important resistance zone. A weekly closing about 74 levels will be very important.