We have been tracking gold cycle in the last few months. It had a downward trend in the month of novemeber and december has seen Gold uptrend. It's very close to our accumulation zone. If the price sustains in the accumulation zone, we can see further upmove in the coming weeks.
Charts show GOLD taking support along the yellow trendline.
Gold price upmove can be...
BTCUSD has had a very steep climb with a very little retracement for much of the bears liking. Agressive buying seen in BTCUSD taking Bitcoin to the ATH regions over 19000$. If the price sustains above 18500$ range, we may see some good consolidation in BTC, thus ETHUSD may also creep up in value.
Reliance is a good buy in the dips around the support region, in the last few trading sessions, we have seen huge selloffs and profit booking but the price has been making higher lows since the last couple trading sessions. It's on the road to recovery but will find it challenging to break the resistance which has formed over the last 3-4 months of trading.
In the last two days, ETHUSD has made significant higher lows to reach over 600$ which is a very refreshing time for ETH HODLers and Traders. While comparing to the BITBAY:BTCUSD reaching it's All time high, ETH still has a long way to go to break it's ATH from 2-3 yearsa ago.
We had a similar breakout on Nov 18th-19th after a good consolidation. Currently...
Since the last two months, GOLD has seen tremendous movement in both sides.
Few trading sessions back, I had posted to hold LONG positions has the GOLD was hovering around our Bearish Zone.
We have seen a RSI Trend reversal and the GOLD has recovered quite a bit as the market is consoldating (which has been the mood in the last few weeks).
RELIANCE has broken the short term support in the last week. Wait for Reliance to hold above the drawn Support Line. If Reliance holds the same in the next few trading sessions, we can see a upmove.
RELIANCE is news driven and currently a very trending stock. Reliance Retail is still looking to confirm news of new investements in the comings week.
I am still...