Today, gold has broken the July month low level & it’s making new low level now. As per my last statement about the Gold (click here), Gold Price Focusing on Nov 2016 Support Trend line Bottom. It can crash up to 29500 – 29250 to restart a solid uptrend.
What do you think it will hit the target levels or take a reversal?
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UPDATE : USDCAD NEED CORRECTION REPORT
What had I written about USDCAD @ June 25, 2018, 12:43 am (IST)?click here.
We had strongly recommended,
On USDCAD Index, 50% Correction awaiting ahead because it had overbought in the previous week.
The Technical Indicator STOCK (14, 14, 3, 3) is indicating sell signal on U.S. Dollar / Canadian Dollar pair. FX Traders could take profit at 1.31954 – 1.30478 – 1.29520 levels.
Its price can hike if USD CAD index crossover or close above the resistance level (1.34378), you can see the 1.35500 – 1.37788 levels.
USDCAD second target achieved 1.31954 – 1.30478 levels.
EURUSD: Bearish continuation?
Symmetrical triangle (ST) – 1: breakout shows high 1.2557 (16/02/2018).
Symmetrical triangle (ST) – 2: Bearish continuation?
We will update entry level only for our premium Subscribers.
GBPUSD: Buyer fails to reattempt.
Our preference
Short positions below 1.30749 with targets at 1.30464 – 1.29835 – 1.29079 – 1.28406 in extension.
Alternative scenario
Above 1.30749 look for further upside with 1.31376 – 1.31999 levels
USDJPY : No Correction On USDJPY previous report
Follow the previous report of USDJPY, We will recommend buying after breakout of 111.489 level.
Did you check the last report of Gold? If not, click here.
“Gold Price Focusing on Nov 2016 Support Trend line Bottom. It can crash up to 29500 – 29250 to restart a solid uptrend.”
– My view is the same for the downtrend, but a short reversal possible in this week!
Contact us for Further information about the Intraday & Positional Trading Calls.
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Below 38K look for further downside with 37650 – 37300 – 37000 as targets. The bullish trend will resume after closing price above, 39100. Sellers must beware of the breakout of 38650 level.
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Weekly Outlook of Lead
This week Lead could be stuck in the base range of 151.1 to 145.5. It can come upside up to 147.5 – 150. Look at the chart, be aware with the trend-changer line. The technical indicators indicating the trend is unconfirmed.
Do not forget to watch out the Test level once it shows closing price below the Test level 1. It’s target levels.
Two crucial level will define the direction of Zinc.
Test level 1: 184
Test level 2: 171
Keep selling this commodity below test level 1 for the level 2. If it closes above test 1, buy for the 188 – 192 OR if it closes below test 2, sell for the 167 – 164 – 158.
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Did you check the last report of Gold? If not, click here.
All target of this call achieved in the last trading week trading sessions.
Gold Price Focusing on Nov 2016 Support Trend line Bottom. It can crash up to 29500 – 29250 to restart a solid uptrend.
In the previous week, three times, MCX Lead has failed to close below 146 level. Stock is indicating bullish trend ahead, but MACD still not did the crossover for the uptrend. What will happen next?
The previous report of Lead (Click here) and Nickel (Click here) to know more.
First, click here and read the Mentha oil previous report.
As per the previous report, if you see a closing price above the level of 1600 then start buying. 1660 – 1700 will be the next targets.
Mentha oil made a high of 1634. Do you think, it will touch the targets?
This week beginning may start with bearishness. But overall trend will remain upside till this commodity do not close below the 1500 level.
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Gold has successfully tested test level one and test level two. T3 will come soon. Further information on Gold updated here: click here
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Keep selling the natural gas.
Target: 187 – 185
Don’t forget to keep eyes on high of Natural gas futures, $2.778. Perfect entry level and stop loss informed to members. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Click here to read the last report.
As per the previous report of Mentha oil 100% Bullish Signal. The target was 1450 – 1500.
It both targets has achieved.
If it closes again below the 1500 level, then stop making a long position. It will come down.
But if you see closing price above the level of 1600 then start buying. 1660 – 1700 will be the next targets.
The downside is well protected by the horizontal level around 177 which can now be expected to act as support again. The major support level around 182 to 177 which was tested as support over the past five months. The major target near 217 in sight, with intermediate resistance to be expected around 202. The RSI Momentum line moved below buying zone and MACD is indicating to buy. So according to technical view, buy from 182 to 177 and Selling target will be 202 to 217.
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