Gold in 9 month triangle my bias is bearish target 1450 to 1490 .. After completing zig zag correction from Aug 2020 to March 2021 and Gold seems to be in 9 month triangle and D wave is forming currently after E forms Gold is expected to correct to our target 1450 to 1490 Alternative is 240 dollar upside from 1845 and target to 2195 if triangle breaks on the...
Crude looking for C down to 69.5 to 70 ... We see if Crude oil bottom at this level... Still Crude looks like sell on rise...
Copper looking for 3.32 to 3.82 wave Y correction Previous ABC fall is 80 cents and using that Y target could 3.82 if fall is similar to previous fall of 80 cents... if we have deeper correction say 1.618 retracement of previous move...target would be around 3.32... I will be keeping daily 50 dma as stop loss...
sell silver on any bounce for a target of 23.81 to 21.90 .. Excepting short term bounce... stop loss above 50 dma 26.30. ..Wait for it raise and go for sell...
Gold needs to hold 1660 to 1670. this month..Charts looks dangerous.. if 1660 is not held.. this looks massive descending triangle confirmation from Aug 2020... targeting 1260...long term. I am still open for this view unless downtrend line is broken on the upside and stays above at least for two days... . As of now it looks over sold with DSI around 8....more...
Buy Gold Short term stop loss 1785 target 1829 to 1860... Will be interesting to see if this breaks long term Flag to confirm change in intermediate trend from Sell to buy Important level to watch is 1790 - 50 dma support
US500 Above 4562 can go till 4770 stop loss 4500 .. Based on Fibonacci extension target of 1.764 US500 can reach 4770 this year ...which might near final target ...for this year last target of 4550 is almost reached
BTCUSD stop 56300 target 78K . BTC (Bitcoin continue to be corrective... once correction is complete... as of now looks like low formed 56300... as long as this level is held.. if u are very short term trader and risk averse..stop loss should be 61 K
Buy Gold only close above 1850 for target 2050 only 200 day moving average need to be crossed all technical indicators are satisfied for Gold.. but i would be patiently waiting for Gold break out above 1850 to go stop los below the wedge line around 1825 to ensure that you are not getting bull trap..for target of 2050 . Almost indicating a trend since August 2020.
Gold if unable to break the wedge then sell Gold stop loss 1850 ... Gold seems to be continuing correction...if unable to cross 1845... alternate view it can go to 1563 stop loss ... if it sustains and break out the wedge on the upside then can go to 2050... interesting next few weeks for Gold
I was getting bullish and had a DXY dollar target of 113 and 96 to 97 short term... but i am open to bearish view as DXY closes below 92.. then important indicator ...50 dma which is sitting at 92.54... Overall monthly DXY looks like a target of around 76 and 77.this is my alternative view target... However go with overall Market view...Markets is saying dollar...
DXY looks like in correction targeting 93.9 before raising again .. Need to start Wave 4 correction to target 93.9
1803 is next resistance for Gold .. Expecting big sellers come back with sharp reversal in US10 Y.. Book profit if Gold unable to cross this level... 50 dma resistance has been respected for quite a long time.. short term strategy is to sell Gold around 1795 stop loss to 1740 .. Risk: There is chance of short squeeze to 1850 be careful...and stop loss need...
Copper stop loss 4.45 long term Short to 2.9 to 3 .. As long as Copper remains below 4.45... best swing trade will be shorting copper.. till 3.0 Dollars H & S target also point to this level 2.9 to 3 . Everything changes if Copper able to climb above 4.45 recent high...
US 10Y correcting to 1.18 to 1.2 before ralling .. US 10 Y has entered short term correction and it is looks wave 4 in progress. Only post that may be another 5th wave Correction i am expecting till .764 retracement...
Sell US OIL stop 75 target 68 next three weeks .. US OIL looks like it is topped after hitting rectangle breakout target of 74.45.. Hence strategy to keep stop loss at 75 and sell for a breakout retest level 66 to 67.. We can book profit at 68 which will be safe target.... if ideally H & S is forming on US OIL ...we can expect 57.75 last quarter of the year...as...
Gold break above 1840 on closing basis .. target 1950 to 1900 .. My stop loss hit above 1800 on Gold short... If Gold closes above 1840 on closing basis for two days.. .i will go long for target of 1950 to 1980... This action looks like new Wave 3... i will be patient for break of 1840 for one or two day closing not rush....for intra day moves...
Crude oil short stop loss 78 target 62 .. Elliot wave 3 is about to end... though our last trade failed... We near 1.00 extension of 78... risk to reward in favor of short... till .618 support... target of 61 to 62... will continue to try this highly rewarding trade of 12 to 18% return