GOLD!
Yesterday gold broke the channel and move upside as we mentioned in the morning update It is currently forming higher highs on the 15min time frame but on higher time frames it is still bearish. Now if the price shows a bullish structure around the 2670-2680 levels we can plan an upside trade.
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Gold 1H level
Approaching major resistance zone and round number of 2700.
Dont short against the buying but this level we can expect pullback to plan long.
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4H resistance has broken
Gold formed inverted head and shoulder
Sharp Buying now best is to wait for pullback
Gold on major support of 2650.
Expecting to respect this level.
Plan will be buying for 30-40pips trade on support
Nifty took a strong rejection from the 24500 resistance level. Important levels are marked on the chart.
Trade in Nifty - https://bit.ly/TradersParadise-Dhan
If Nifty holds support and breaks out on the upside we could possibly see an upside move.
Trade in Nifty - https://bit.ly/TradersParadise-Dhan
Didn’t come live in evening was stucked in some work.
As of now waiting for setup will update on telegram.
Fomc at 12:30 will come live at 11:30! See you!
Sharp selling in first hour in nifty today. Now market is in complete consolidation.
Hope there would be a move out of this zone near market closing expecting more correction
Gold has taken local support around the 2645-2638 level and is currently following a channel on the 15 min chart a buying plan can be considered on a channel breakout till 2677.8. Selling will be considered in the 2678-2685 zone if Gold shows any rejection there.
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