Gold - Holding 1680-1720 Key.
Above 1840 its a confirmation of trend change. Till then Ping pong move to continue.
Gold CMP $1760 SL 1680 Looking Bullish on daily chart based on various parameters.
More from Shivaji Vitthalrao🇮🇳
Copper break below 4.43 qualify as bearish Flag and pole
HINDCOPPER break below 157 qualify as bearish Flag n pole.
Impact copper can test 4.28-4.20
HINDCOPPER can test 150-141 as per pattern targets.
165-166 Lakshman Rekha.
Quiz - Hindcopper
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) June 9, 2021
What pattern do you see?
whats the confirmation level and impact ?
Both are interlinked. https://t.co/0gVaRXd4pS pic.twitter.com/Bbs1rdaOWf
105 is key, Bulls might defend for the time being. Once they fail during any downtrend Boy Bulls will be in serious trouble.
First targets 90-95 and worst case 65-70 (This i wil review later) https://t.co/RYaMwRQb7e
Angle 2 -- On Log scale its end of this upmove from March 2020.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) August 24, 2021
No major support until 90-92.
Conclusion - any rise to 123-128 is a sell opportunity
Bullish only above 145. Personally not bulish.
Potential taregts on downside are 105-90#SAIL pic.twitter.com/yZv2WXwIMU
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Result?
1850$ to 2070$
Updated chart https://t.co/l6pEGD7r6D
Most interesting chart:
— The_Chartist \U0001f4c8 (@charts_zone) February 12, 2022
Orange line = Gold
Blue Curve = Gold/S&P 500
Previously the ratio crossed 50 days MA in Feb' 20 with Gold giving a breakout on the charts. The previous cross of 50 days MA didn't result in gold breaking out. pic.twitter.com/HRG1fvsILp
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