mohsinhassan242

mohsinhassan242

SILVER WEEKLY ALERT After sharp corrective pullback yesterday, silver bounced back to trade around 34.40. Price is currently in wave 3 targeting 35.35 to 35.55 area initially. After wave 3 is completed we may see a sharp corrective pullback that is WAVE 4 targeting 32.40 to 32.90 area. Wave 5 will then target the final rally towards 36.12 area.

mohsinhassan242

GOLD WEEKLY ALERT After sharp corrective pullback yesterday, gold bounced back to trade around 2750.00. Price is currently in wave 3 targeting 2785 to 2795 area initially. After wave 3 is completed we may see a sharp corrective pullback that is WAVE 4 targeting 2676 to 2700 area. Wave 5 will then target the final rally towards 2805.00 to 2835 area.

mohsinhassan242

As mentioned in the chart, Wave 4 is supposed to end around 1.2830 to 1.2930 area. Wave 5 will be capable enough to target 1.3746 to 1.3765 area in long term. But immediate targets were mentioned in our morning call. #GBPUSD #CURRENCIES

mohsinhassan242

Gold sell on strength below 2700 to target 2647 followed by 2617 and 2610

mohsinhassan242 Updated 

As we witnessed gold price failed to hold ground and got rejected multiple times from the resistance region of 2335.00 to 2342.00 to 2310.00 area. On chart it is clearly visible that price is heading to test the green support zone of 2278.00 to 2288.00 where SMA 200 also provides an additional support. Bullish trend is valid till the price of Gold is stable above...

mohsinhassan242

CURRENT PRICE: 2296.5 2278 to 2288 is the bullish zone for gold as mentioned in the chart, plus 200 SMA is also providing support at 2293. Price is bouncing from this level and is currently trading at 2296. Till the price is above this support zone BUY is recommended to target 2304.5 and 2323.6. Whereas breach and stability below this support zone will result...