Shalvisharma5

Shalvisharma5

Silver Update (December) - Symmetrical Triangle Pattern Pattern Forming: Silver is currently forming a symmetrical triangle, signaling a potential breakout in either direction. Bullish Scenario: Break Above: 84,780 Bearish Scenario: Break Below: 84,050 Both breakout directions could offer 800-1,000 points movement. Watch for confirmation before entering...

Shalvisharma5

Silver (XAGUSD) 4-Hour Chart Analysis Pattern Formation: An Inverted Cup and Handle has formed, which is typically a bearish continuation pattern. This suggests a potential decline in prices if the pattern completes. Breakdown confirmation: Price is currently below the critical level of 82,290. A break below this support can confirm the bearish signal and...

Shalvisharma5

Gold (XAUUSD) 4-Hour Chart Analysis Pattern: Ascending Triangle Breakout Level: 72,250 Potential Target: 200-400+ points Market Sentiment: Gold prices stable in India; Silver increased on MCX. Key Indicators: Gold is forming an ascending triangle, signaling potential bullish momentum. A breakout above 72,250 could indicate a significant upward move. Risk...

Shalvisharma5

Natural Gas (NATGASUSD) 1 DAY Chart Analysis Bullish Indicators Identified: Bullish breakout above the neckline of a double bottom pattern, previously acting as horizontal resistance. Break of a falling trend line, signaling potential trend reversal. Expanding Demand Zone: The broken structures suggest a new demand zone, increasing the likelihood of a...

Shalvisharma5

Crude Oil Weekly Technical Analysis Timeframe: 1-Day Resistance Level: 6,190 Expected Move: Pullback from 6,190 resistance towards 6,038 support zone Support Level: 6,038 (multi-swing-low support area) Outlook: Potential bounce off the support area could lead to a climb higher Don't Forget To Push The Boost (Like) Button and Follow Me for more ! Best Regards...

Shalvisharma5

Gold Technical Analysis (1-Hour Timeframe) Gold is currently forming an ascending triangle pattern, with strong resistance at 72,748. A breakout above this resistance level could indicate further upside potential. However we can plan our trade from the bottom 71700 towards the 72200 Keep an eye on this key level for potential trading opportunities. 📈 Don't...

Shalvisharma5

Crude Oil (4-Hour Timeframe) Analysis Pattern: D cup formation in progress Price Targets: 1st: 6500 2nd: 6600 3rd: 6680 Stop Loss: Near demand zone News: Oil prices rose on Monday due to fears of regional conflict and expectations of U.S. interest rate cuts. However, weak global economic outlook and OPEC's planned output increase remain...

Shalvisharma5

Crude Oil Analysis (1-Hour Timeframe) Current Pattern: Crude oil is trading within a falling wedge channel, indicating potential for a breakout. Breakout Levels to Watch: Key Resistance: A break above 6185 is crucial for confirming the breakout from the wedge pattern. Sustained Move: If crude oil can hold above 6240, it would signal strength and a higher...

Shalvisharma5

Silver (1-Hour Timeframe) Breakout Alert: Silver has broken out above 85,000. Target: Anticipating a move higher by 500- 800 points Pattern: Potential bull flag formation in progress. Risk Management: make sure to put stoploss Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves...

Shalvisharma5

Technical Analysis: Crude Oil (1 - DAY Timeframe) In the 1-day timeframe, we're currently observing a developing cup and handle pattern. Should the price sustain below the demand zone, the probability of further downside increases, signaling potential bearish momentum? Conversely, if a reversal occurs, there is a strong likelihood of a significant upside...

Shalvisharma5

Crude Oil (1-Hour Timeframe) Recent Breakout: Crude oil has broken out from a falling wedge pattern, signaling potential for further upside if price sustains above the breakout level. Outlook: Monitor for signs of retracement or consolidation. Strike Price Trade Setup: Entry: Above 6,550 Targets: 6,570, 6,600, 6,630 Stop-Loss: Must have Remember to adjust...

Shalvisharma5

Technical Analysis: Crude Oil Timeframe: 1 hour Current Situation: Oil prices have increased due to lower US inventories and ongoing tensions in the Middle East. However, concerns about weak Chinese demand and potential US interest rate hikes are keeping the market cautious. Price Action: Crude oil remains range-bound, moving within a rising wedge pattern...

Shalvisharma5

Triangle pattern Current Outlook: Consolidation Crude oil is currently trading sideways around the 6221 support level. Potential Scenarios: Bullish Breakout: A sustained move above the 6245 level could signal a bullish trend, with initial resistance at 6300. Bearish Continuation: A breakdown below the 6210 support may lead to a retest of the 6135...

Shalvisharma5

Technical Analysis: Crude Oil (1-Hour Timeframe) Short-Term Outlook: Bearish Trade Setup: Entry: Below 6410 Target: 6360 Stop Loss: 6436 Rationale: The price is currently below the crucial level of 6410. A break below this level suggests a potential bearish trend. The target of 6360 represents a potential downside move. However, if the price moves above 6436, it...

Shalvisharma5

Natural Gas Analysis Natural gas experienced a short-term rally due to unexpected hot weather forecasts, pushing prices into a supply zone. However, the market remains cautious due to persistent high inventory levels and rising production. Key Levels: Resistance: 180 Targets: 1st: 182.5 2nd: 185 Support: 177.5 Stop-Loss: Minimum 10 points below entry (adjust...

Shalvisharma5

Potential Trade Setup: Based on the information provided, the trader is anticipating a bearish outlook for Crude Oil on a 1-day timeframe. The formation of a D cup pattern suggests a potential target of 6200-6100.

Shalvisharma5

Trade Setup: Short Position: Below 6450 Target: 6400 Stop Loss: 6490 Timeframe: 1 Hour Remember: Technical analysis is just one tool in a trader's arsenal. It's essential to combine it with other factors and conduct thorough research before making any trading decisions.

Shalvisharma5

Technical Pattern Analysis Pattern: Potential Bullish Breakout from trendline Timeframe: 1 Hour Analysis: Crude oil is showing signs of a potential bullish breakout. A sustained move above 6500 level could signal a bullish trend, with initial targets at 6600-6700. Positive sentiment is supported by a decline in crude inventories and supply disruptions due to...