Thursday, October 30, 2014

Gold - Update - 30.10.2014

Dear All,

>>> Gold - As Updated on 29th Oct, 2014 <<<

>>> Click the chart to see on full screen <<<

As mentioned on above chart - All support broken and fell down. Now Whats next - Lets See.

>>> Gold - Update - Happened and Yet to <<<

>>> Click the chart to see on full screen <<<

26560 Looks as a good Support. Price fell down as a-b-c and C wave completed its 1-5 fall as marked on chart. Now Expect a good bounce from here if 26560 holds. Cheers!!!

8180 - Is this a Double Top ???

Dear All,

>>> Nifty - As Posted Yesterday <<<

>>> Click the chart to see on full screen <<<

Wrote Yesterday - channel acts as a resistance. Today the channel crossed and rallied till 8180. We hit Stop Loss. So lets see whats next.

>>> Nifty - Happened and Yet to <<<

>>> Click the chart to see on full screen <<<

8180 looks like a double top, But if cross above 8180, some more upmove possible. So lets wait and see.

>>> Bank Nifty <<<

>>> Click the chart to see on full screen <<<

RSI and MACD trying to give a Buy signal today. Should take care of that. If all happens with trend line break out on price, then rally to continue. Lets See. Cheers!!!