Gold: On hourly chart, MCX Gold prices
are trading below its Horizontal Trend line. Moreover, MCX Gold prices are
trading below its 21 HEMA which suggest short term trend remains down.
Moreover, Momentum Indicator RSI is trading below 50 levels on hourly time frame
which indicates negative momentum to the prices. For now we expect prices
should move lower towards 28000 levels in the coming trading sessions.
|
|
R2
|
R1
|
S1
|
S2
|
TREND
|
|
|
GOLD
|
28500
|
28300
|
28100
|
28000
|
SIDEWAYS
|
Silver: On hourly
chart, MCX Silver prices are trading in Falling wedge pattern & are
expected to break on the higher side. Furthermore, on COMEX Silver Prices has
completed Bullish White Swan Harmonic pattern at $16.30 levels. In Addition,
MCX Silver prices are trading above its 21 HEMA on hourly time frame which
indicates positive momentum to the prices. For now we expect prices to move lower
towards 39500 levels in few trading sessions.
|
|
R2
|
R1
|
S1
|
S2
|
TREND
|
|
|
SILVER
|
41000
|
40500
|
40000
|
39800
|
SIDEWAYS
|
No comments:
Post a Comment