Sangam-Agarwal

Sangam-Agarwal

gold price in February collapsed from 1959 than it went up vertically after SVB collapse and fed not QE now price is again testing that level 1959 as support level while retailer traders were buying in fomo that gold will go above 2100 after recent fomc members comments June rate hike chance are again increasing if fed don't support one more hike tomorrow than...

Sangam-Agarwal

price is making sideway correction below 137 horizontal resistance and above white trendline breakout retest repeat

Sangam-Agarwal Updated 

rsi was highly overbought and now it back to normal level after 12345 wave price has made abc correction with 0.382 retracement this macro trend for gold is super bullish it is ready to breakout its 2070 multi year resistance $2000 is a huge phycological level so profit taking here is very reasonable since macro is big bull on gold so may be it don't hit 0.618...

Sangam-Agarwal Updated 

gold price made bottom on November fomc 75bs hike than top on February 25bps hike that abc trend has made correction and fed is heading towards rate pause than inevitable rate cut into 2023 speculation start which will push gold higher above $2000 buy the rumor - fed will cut rate in 2023 which has no possibility after fed recent comments this week sell the...

Sangam-Agarwal

oil price are coming down since biden selling their SPR and price has made new lower low after abcde triangle correction breakout on fear of recession in economic super power usa but new temporary QE has given full fuel to fed pivot if price makes bottom at $65 and break about $93 than it will be stagflation 2.0 low growth and high inflation

Sangam-Agarwal Updated 

price is trading in a sideway range between two horizontal support and resistance

Sangam-Agarwal

price are making lower low with lower highs inside white chart pattern before again tasting lower trend line again price is making double bottom at current price before nfp

Sangam-Agarwal Updated 

price first dropped vertical in wave A than it made flag correction patter in wave B than it made C ending diagonal pattern after cpi and other economic indicators while top was made after fomc meeting when fed said deflation has been started and inflation will drop very quickly but despite those less hawkish comments gold dropped which you can say insider...

Sangam-Agarwal Updated 

key resistance level 1819 bearish below that level if it breaks than buy retest and target 1 1827 than target 2 1846 bullish from daily support 1807 on m30 time frame

Sangam-Agarwal

neckline 101 right shoulder target 104.77 dollar correction before next downside move

Sangam-Agarwal Updated 

abc corrective wave wave B = abc flat correction wave C = 12345 inside a parallel channel wave C = 1.382 x wave A expecting a drop from near 1881 a counter trend correction before resuming up trend

Sangam-Agarwal

gold price made triple bottom at 1620 but veridical bullish trend was started after November fomc and it went straight up to 1824 bottom to top price has made 12345 leading diagonal chart pattern. Or you can say buy the rumor sell the news of lower size of rate hike lower trend line has been breakout and now retesting that line again as resistance near 1791...

Sangam-Agarwal Updated 

price is making triple top at 1.00492 horizontal resistance it has made rising wedge pattern which is ending right at the resistance. if it break lower yellow line than there is huge risk to down that price going back to support where the chart pattern started based on current price - long on retest of lower yellow line than waiting for breakout of upper...

Sangam-Agarwal

dollar index is making higher high with higher lower between white trend lines from last peak it has made a abcde elliott wave triangle so key support level 109.600 which is testing both yellow and white trend line at the same time if support breaks than peak dollar (as cramer said on 24 October ) confirmed which translate into end of fed QT ( while inflation...

Sangam-Agarwal Updated 

fomc member has given hint of pivot today which will confirm stagflation in usa and the race for gold vs bitcoin start December will be last rate hike ? ffr will peak at 4.75% ? bitcoin bear market is over with double bottom ?

Sangam-Agarwal

gold price made top at 2070 since than it is making lower low with lower high first it makes support than breaks than retest for current gold rally it has no virgin support to retest after being broken and we have white descending trend line which is our dynamic resistance but i have 1711 and 1734 as static resistance so either price reverse from above level or...

Sangam-Agarwal Updated 

gold price first went up when fed said rate has reached neutral but later in august fed made clear that rate will go above 4% and price collapse again below the last low 1680 but wave count from bottom 1680 to 1802 ended with a ending diagonal pattern before fed confirmation now wave count from top 1802 to 1621 is ending with its wave Y 100% projection at...

Sangam-Agarwal Updated 

gold price made bottom at 1680 since than it is making higher high higher low this trend has made 135 impulsive wave with ending diagonal in wave 5 support 1755 resistance 1830 take entry with invalidation level 1808 or wait for breakout of lower trend line than take entry at retest of lower trend line or at retracement with downside target upto 1755