Gold is nearing a trend line support... 4th wave is nearing completion
Bullish BAT Harmonic pattern, PRZ seen at 1205
The recent consolidation may end in an upward breakout
Dark cloud cover as well as a bearish divergence .... expected to correct in the near term
FMCG to remain strong over the mid term
The 5th wave has completed and the price may start corrective ABC
A strong Breakout in the Monthly chart indicates after a short term correction market may show new highs
RSI has given a falling trendline breakout suggesting more rallies in the coming months.
Strong Bearish Divergence on the weekly chart indicating exhaustion of bullish momentum and possible correction over the medium term.
Price has moved above the rim of the cup and handle pattern on the daily chart indicating a further rise in the optimism. On a shorter degree view price witnessed a rally after a quick downwards consolidation.