That's my first time analysis in XAUUSD pair, might be brutally wrong or excellently perfect,
Not to trade on this logic, just for educational purposes
(4hrTF,24Nov'23 23:00 IST)
Looks bullish , the only reistance for Me are certainly 2000 and 2003 ...going in a channel pattern considering a +1.7% up move the next target come up to be 2030
Might go a lil slow...
Nifty resistance 17800 according to fibonacti tool for the supports come up at 17670 and 17600
• India's CPI Inflation Data "India's retail inflation britches RBI tolerance limit in January accelerates to 6.52%"
• Tomorrow's market might be a bearish market again or kind of sideways because of today's adani's report published by bloomber it says Adani group...
Indian shares extend losses on COVID, inflation worries
Dec 22, 202216:01
Indian shares extended fall for a third straight session on Thursday, with broad-based declines, after the Reserve Bank of India's latest monetary policy minutes revealed strong concerns about inflation, while fears of a COVID resurgence weighed on sentiment.
The Nifty 50 index
NIFTY
...
Dow Jones after FOMC meeting and Mr Powell speech sharply felt down....breaking the lower lowers and lower highs pattern now it's on a trendline support
Nifty being a range bound... forming double bottom every lower level is a support and every upper levels are resistant
All time high K baad ek healthily correction Hua ...4hr TF pe pole and flag ka Breakout Hua ....
US CPI Inflation data came lower than expected previously 7.3% And November 7.1% after a heavy gapup profit booking took place
14th Dec next day is FOMC meeting about the rate hike....Mr Powell already made hopes about lowering the rate hike (expecting 0.50 bps)...
CPI inflation data for the month of November is 5.88% whereas in October it was 6% according to RBI prediction we can fall under 6% inflation boundary in Q3
A good indication data than other countries
Dow Jones going good
Crude oil in double digit.
Nifty might face resistance at 18570-600
After breaking the level 18000 nifty gave a staright uptrend of almost +700pts in 9-10days and made a all time High 18890( round figure) since then it started making a lower low and lower highs structure that shows a correction in nifty
After market opens nifty doesn't give much chances to option buyers / intraday traders or specific bull's to get a good trade it...
