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Zinc is going upward since April. Recently, it has broken the strong support trendline and made an excess. At present, it's running at a strong support line. So what are you expecting next? Technically, the crossover of 20 & 50 MA indicating a downtrend ahead, and multiple volume spikes are a direct sign for an uptrend. Simple Trading Strategy for the...

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Here, I have used Elliott wave theory, Fibonacci Retracement, and MA ( 30 & 62 ) to identify the next move. At present, MCX nickel in a corrective wave. We may see a reversion bounce off here. It can be up to 38.20% to 23.60% of the retracement level. Wherein, 38.20% retracement level will act as a resistance and 50.00% vice versa. In other words,...

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Here, I have used Gann Fan & Fibonacci Retracement to identify the next move of Gold Spot. Wherein, it is taking reversal from the 0.5 retracement value (highlighted by green square ). And now it's running under 3/1 & 4/1 Gann Fan value. According to this chart, gold will keep drilling upward up to $1940 . After that, it can fall for 0.382 value of...

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Overall it's a descending trend. According to the Stoch RSI, It will continuously fall. So, intraday traders can sell GOLD now nearby dynamic resistance (DR) trendline for the target of 50000 - 49600 . If gold will breakout the DR, don't selloff. At present, we have chances to see the following levels before this weekend: 50560-50700 . Please keep your...

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The trend is making a symmetrical triangle. In the symmetrical triangle, you can see the trend is descending, and it will continue to fall up to the particular targets, which are shown in the charts (T1 2886 & T2 2800 ). After knocking the lower ascending trendline with higher lows (support), It will bounce to the upper descending trendline with the lower...

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Breakout Range: Approx. 3300 Hurdle: 50600 level At present, gold is trying to recover the previous loss. The support level has broken (flat lower trendline), and it becomes resistance now. We may see the continuation of the downtrend from there. That could fall to the following levels: 49360 - 48760 and below. Lionheart traders can hold for 48000 to ...

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According to this chart, aluminium is moving flat under the rectangle pattern. The top of this rectangle is the resistance , and the bottom of this rectangle is the support . The trend is making frequent parallel channels between the support and resistance of this rectangle. At present, aluminium is playing into support trendline (B) . There is a crucial...

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This chart is all about the assumption of the future moves of the gold, which has created by using the Elliott wave patterns of impulsive & corrective waves. In the beginning, there are impulsive waves which converted into the corrective waves now. Gold cannot keep drilling downward. Before the downtrend begins, we may see the following levels: 51160 - 51300 -...

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On the chart above, we have plotted three different MAs on the 1-hour chart of MCX Natural gas futures. As you can see, the 62 MA is indicating a downtrend ahead. And 5 MA & 30 MA are crossing each other for a reversal. This reversal can be for 174 to 180 levels. But according to the support & resistance trendline, we may see continue price collapsing. I...

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Was That the Top in Crude oil? Crude oil price is running nearby a 78.60% retracement level, and it can act as support. Hence, trade with the trend: sell positions executed around 78.60% retracement level area for the targets of 2660 – 2600 – 2560 – 2500. For long-term investors: they can hold for 2410 – 2320 levels. Don’t sell crude oil above the ...

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By following the symmetrical triangle (ST), we can say that if candles will consecutively crossover the upper line, the silver will hit the following targets: 72460 - 75360 - 77800 - 80000+ According to the ST, the final targets are 86700 to 88000 levels. But if you look at the volume and S RSI indicators, it is planning for a downtrend. And at present,...

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USDJPY prices are falling since the mid-2015 year. In the 2020 year, it has made a low price of $101.180 . Are you still expecting up moves for the short-term? Then wait for the breakout of USDJPY-Bull Resistance . According to my Parallel Channel (B), short positions in the range of $106 to $106.5 or below with targets at $105 - $104.5 - $104.260 in...

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As per this chart, the trend continuation will drag up for 9.94600 - 0.95000 levels. Keep your eyes on the support trendline, USDCHF has broken it. If it's not fake-out, 0.92360 - 0.91800 target levels.

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EURAUD price begins to accelerate higher faster than other currencies from the control price (CP). It can hit 1.63500 - 1.64060 after crossing the CP level. Hurdle: 1.62150 This hurdle is a game-changer. It could explode downward and prices may fall 1.61850 to 1.61360 levels. The above information is sufficient for a smart trader to start minting money.

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As per this chart, EUR/USD starts marching for (B) 1.1426 level. Next move (C): 1.1370 level.

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If hurdle breaks, GBPUSD will consolidate there. Hence, don't make a sell position after the breakout.

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I will update more information about Nickel soon.

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As per the chart above, gold is trying to take a U-Turn. It can slip for 47460 – 46760 – 46260 levels. As per the S-RSI, it will start running upside soon for the dynamic resistance level of 53900. Hence, targets: 49560 – 50000 – 52000 – 53000+ Don’t forget to keep your eyes on downtrend level 46260 .