Nifty rallied to 8,200 on the back of surprise repo rate cut of 50bps by RBI. The rise from ~7,700 ro ~8,200 in 5 trading days seems tiring around 200DEMA (Daily Exponential Moving Average) which is at 8,184. Also the bearish AB=CD harmonic reversal pattern is visible on charts at the upper line of Andrew's Pitchfork tool. The failure to move above 8,270 can...
Gold might remain in the range of $900-$1400 till 2025 which is suggested by the price structure and time cycle since 1975 to 2000. The fractal suggest dip to $950-1000 and may be in a range for another decade (+/-15%).
Gold trades near 5 years low hitting the low of $1073 in the early hours of day. The Bullish Three Drives suggest buying at the current levels with the stop loss of $1060 for the target of $1250.
DJIA is trading at the resistance of Pitch fan and losing some strength at higher levels. Would stay cautious on longs.
Looking for the $72 as it has move above the BAMM level.