rahulgupta1509

rahulgupta1509

As anticipated previously Spot gold failed to break is major resistance around 1750 -1760 and fallen sharply from there. Gold prices are now likely to test 9th March 2021 Lowes which is $1676 On the daily chart currently gold prices are trading in a downward sloping channel. If 1676 dollar is breached a test of the test of channel lower level is possible...

rahulgupta1509

Asian Paint Likely to test 2620 in Coming days ?????

rahulgupta1509

Crude Oil is likely to find resistance near 4500 - 4520 As shown in the chart it is currently trading in a downward sloping channel. Till the time it is trading below 4620 there is a good chance we can achieve a target of 4100

rahulgupta1509

Dollar index at very important reversal point ?

rahulgupta1509

USDINR spot is Currently trading in a downward sloping channel. USDINR is likely to find support from the channel trend line along with 61.8 retracement. Also RSI is currently at 21 which is indicating oversold position.

rahulgupta1509

MCX Gold is currently trading in a rising channel. Breach of this channel can likely see a target of 44510 followed by 44270

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Nifty is likely to find support near 14300 - 14250 zone

rahulgupta1509

Bank Nifty is currently trading at a very important Point. Likely to find strong Supports around 32750 zone. Only a daily close below 32700 may ADD to selling pressure.

rahulgupta1509

As it can be observed on an hourly chart spot gold has taken resistance of a falling trend line, rising channel and Fibonacci retracement around 50%. Thus the short term view for spot gold is negative targeting $1723. View negates if Trend line is broken

rahulgupta1509

Spot gold is likely to find resistance near the rising channel. Also completed Fibonacci extension target close $1738. Short-term bias for the counter is negative