With panic and likely crash coming in equity markets, gold looks good for upside. Broken-out today as shown.
Various data points i showed in chart suggests that Nifty at key support levels and next 2 days of price action will be decisive. If breaks new lows if bounce 16900/17000 on the cards.
Dow chart showing rsi divergence and double bottom pattern. It looks ready to blast up and fly high
Nifty chart showing positive divergence and a bounce is likely. Idea is negated if nifty breaks 17375 closing basis.
Macd negative just crossed , RSI DIVERGENCE, nifty may just test 20 dema in coming sessions which is near 17400
this week we may see correction according MACD and 1D upper bolinger band for trt lower bollinger band atleast