Sangam-Agarwal

Sangam-Agarwal

price has made three chart pattern here parallel channel, head and shoulder, triangle. price has already breakout yellow channel, remaining two chart pattern are in the action. (1)if price break lower red trend line than it is head and shoulder (2)if price make support at lower red trend line than it is side way triangle correction to last year bullish trend....

Sangam-Agarwal Updated 

corrective wave X made abc flat correction of 38% . using wave w and x we have a potential yellow parallel channel. price has made higher high above wave W, after end of flat correction at 1790 (SL of intraday buyers). above wave w price is making triangle chart pattern. we are in the wave y which has its first projection target at 1855 (TP of intraday buyers)...

Sangam-Agarwal

intraday white parallel channel

Sangam-Agarwal

price is testing white horizontal support on the daily chart. on downside breakout price will test lower yellow support if white support doesn't break than price will test upper yellow resistance. ----------------------------- 0.74137------------------------------ if price found bottom on white support than you have pink rectangle which will guide you on up...

Sangam-Agarwal

resistance 1960 support 1680 after making double bottom at 1680 we can be in the middle of abcde yellow chart pattern correction. since correction can be abc flat or abcde yellow chart pattern, downside breakout of 1750 will confirm it was abc correction otherwise it is abcde correction with wave e starting at 1750. wave c was 3x of wave a and wave e has...

Sangam-Agarwal

bullish parallel channel

Sangam-Agarwal Updated 

price has made yellow triangle chart pattern near daily support confirmation levels are 1894 and 1770 for clear breakout.

Sangam-Agarwal

after completion of ending diagonal price has break white resistance now price is trading between white resistance and yellow support. after breakout of yellow support we can expect lower low. (at retest of white resistance ) short below yellow support long above white resistance

Sangam-Agarwal

61% and 38% retracement from all time high are at the yellow horizontal resistance resistance 35 support 21 on breakout of correction at 26 yellow horizontal resistance price will test 35 resistance at 61% retracement. (we expect one more downward leg to 21 than bullish breakout to 35)

Sangam-Agarwal

support 1772 resistance 1797

Sangam-Agarwal Updated 

gold bullish trend started in December 2015 is rising with blue trend line. will gold make new all time after third retest of weekly trend line or it just short term correction to down trend. intraday double bottom is made by gold at 38% retracement of entire trend. it can continue its downtrend or after correction it could retest 50% . continuation of bullish...

Sangam-Agarwal

price is trading inside a yellow parallel channel. testing lower and upper trend line

Sangam-Agarwal

price is making lower low lower high between white trend lines price tested the lower trend lines near the fib retracements. it is testing again lower trend line near 0.786 fib retracement. price is testing fib retracement respectively 0.50, 0.618, 0.786

Sangam-Agarwal

price is making lower low lower high inside a parallel channel on H4 time frame.

Sangam-Agarwal

white trend line and yellow trend line

Sangam-Agarwal Updated 

price has made expending yellow triangle chart pattern below red trend line (resistance). is this yellow expending chart pattern correction before breakout of red trend line ? or it is beginning of trend reversal all of this will be made clear after Fed's Monetary Policy Statement. the confusion among investor to sell or buy gold is clear from technical analysis...

Sangam-Agarwal

white parallel channel price again making chart patter at the current bottom near 100% projection of wave at beginning of the channel, until price breaks this white channel it is bearish . on clear breakout of this channel we have blue horizontal resistance near 38% retracement on short term upper yellow trend line of chart pattern and white trend line of...

Sangam-Agarwal

this is 135 impulsive wave. wave 1 and 5 are equal in length while wave 3 is 1.618 of wave 1. wave 4 made triangle chart pattern. wave 3 is never be the shortest wave 4 makes triangle chart pattern waves doesn't overlap each other wave 1 and 5 tends to move towards equality end of wave 5 mark completion of 135 impulsive trend .