anand1988

anand1988

Retest under progress looks on failure it will go down.

anand1988

We know about Double Bottom on the Daily chart, but on weekly chart we see Double Top. Your thoughts?

anand1988

The cycle changed temporarily bearish and then bullish this month end.

anand1988

TARGET ALL TIME HIGHS SOON

anand1988

Target after Right shoulder

anand1988

Looks like Resistance of.14900 15000 will be broken. Next year target given is 16500-17000 by major brokerage houses.

anand1988

First Long > Then Short On Higher time frames!

anand1988

Gold seems to have broken out of the falling channel and looks like it will respect and complete the technical W Formation which was created on Daily Chart and then will continue the downtrend. The Bull Flag formation which was formed last year is near exhaustion. W Formation completion will be = M Formation completion on Monthly Chart

anand1988

Golden Cross will appear soon on Daily Chart between 50DMA & 200DMA. Chances are there that it can break previous Resistance area and Cross towards 95.

anand1988

Watch out for Bullish Cross on weekly it may touch multimonth highs if it happens to be a Golden Cross of 50WMA &100WMA

anand1988

Even though its overbought on RSI, DXY will push towards Weekly Resistance 50WMA and then correction will happen. Last time it happened the same.

anand1988

It will go down

anand1988

This has been published by Credit Suisse and I am just publishing the chart as per their analysis. This is what they wrote: CREDIT SUISSE “Gold maintains a top below $1765/61 and we view the current bounce as temporary and we look for a fresh fall to retest $1682/71 – the 38.2% retracement of the entire 2015/2020 bull market and the recent and June 2020 lows.”...

anand1988

Do not go with divergences and over boughts, DXY is high on dope due consistent selling last year. Its going to rattle all instruments against it. Golden Cross spotted on 1 Day chart between 50 & 100 moving averages.

anand1988

Oil in trouble and will go down as 4H death cross looks to be appearing on the Moving average 50 and 200.

anand1988 Updated 

Indicators providing Bullish Divergence on 3H

anand1988

This chart will give idea to the traders on what happens when HEDGE FUNDS reduce their Net Positions. Based on the positions update we received last week, from tomorrow the chances of retracement are less compared to the next impulse we will have towards the downside. Looks like Monthly M formation will complete at $1580-$1620. Just a note: Every position is for 7...

anand1988 Updated 

Divergences everywhere these days, note the cycles will change soon! DXY will go upwards, Oil , Gold , Euro will correct downwards.