Gold has been in a continuous downtrend since June, 2021 followed by a major crash on 9th August, 2021 which pushed the gold prices to as low as ~1,680 $ to the support level of April - June, 2020 and March, 2021. But the crash was soon followed by strong buying of Gold which resulted in daily candle closure above upper demand zone, but that...
As you can see from the past analysis left on the chart, gold is in a rising channel. However, given the volatility and the unit of time analyzed, there may still be days in which it decreases. But as long as it stays in the area of this channel, and if we do not trade Intra-day, the prediction for Gold is Long.
Strong MACD, StocRSI parameters, and the recent pullback show that if the trend continues for the short term, we can see the Scrip hitting the two target levels. The Parabolic SAR has already given a BUY signal, with all parameters in tandem we can see the same happening.
More Over the Metals segment has taken a strong recovery, and more so on the backdrop of 1.3...
Price formed a double top pattern at major resistance level (on monthly charts). At retest of the support, price has formed a Gravestone Doji followed by Bearish Engulfing (on daily charts) both of which are negative signals. Since past 2 years corrections have been triggered from the month of January, again this cycle may be repeated
Hello Traders. Hope you are doing well
Gold is consolidation above the structure line and after yesterday's break above 2000$ at the exact level I predicted ($2015) I believe that price action is getting ready for another push to the next structure level, $2033
I entered another buy on gold with a target at $2033, but paying careful attention to yesterday's...
Here is an easy ta for TBXXF long:
We have two trendlines and two support zones. On 19 th of June is buying signal Hammer.
RSI: No signal
MACD: No signal
Buy: 90 $
SL: On T1 support around 80 $
or wait for pullback on T1 support or S2 support around 62 $
Any comments are welcome
Good luck for your trading
TATA STEEL BREAKOUT AND NOW TIME TO BUY
& GET 1:2 RISK REWARD LEVEL AS INTRA-DAY.
AND SHORT TERM TRADING LEVEL. YOU CAN TRADE WITH OPTION (ATM) (ITM) & WITH FUTURE JUNE EXPIRY
AND FOLLOW THE STOP LOSS IF YOU GET 1ST TARGET THEN YOU CAN TRAIL YOUR STOP LOSS.
PLEASE GIVE ME ENERGY FROM YOUR VALUABLE LIKE BUTTON AND SHARE AND COMMENTS.
The 1.5-year-old declining resistance line (magenta) has proven too strong for the 4 year rising support (blue) which was broken just last week due to the record drop in the US indices. The drop was due to a combination of a market that had been overzealous and priced to perfection in an increasingly deteriorating economic environment. The coronavirus certainly...
There are 3 reasons why I chose ABX stock:
I am looking forward to a downward movement in USDCAD. (More explanation on Related Ideas.)
I also follow up the stocks related to the precious metal sector traded in the S&P 500 Index.
You can follow and let's communicate )
I think that precious metals are discounted according to the World indices.This...
Pattern: Ascending Triangle on 1D.
Signal: Bearish as it is testing the last Resistance (twin rejection) Zone before the 2019 High.
Target: 1290 (Higher Low on 1W).
* If the Resistance Zone breaks, assume a fast rise to 1345.