Technical Perspective of Gold
Reversal range: 31760 – 31700
A complete breakout of reversal range indicates a downtrend trend. It could be up to 31500 – 31400 levels.
After touching the reversal range, gold prices can hike up to 32000 – 32200.
Q. Which level will give 100% confirmation for the uptrend?
A. Consecutively two days closing price above 32300 levels.
As per the above chart, Crude oil bullish trend will confirm after 4490 levels. This level can hike the crude oil prices up to 4600 to 4700 levels.
If it prices will remain under the blue line, a downtrend will initiate. And crude oil prices will crash up to 4300 – 4260 – 4200 levels.