PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone
Trend – Bullish.
We have still not found good downward pullback for Gold.
Flip support area to observe clear buy signals seems to be around 1358 to 1345 area.
So we plan to wait and watch if price arrives at around 1358 to 1345 and creates buy signal on daily time frame.
It’s time to wait and watch till our desired location arrives as seen in the above price chart of Gold.
Trend – Mild Bullish
Clear buying signals has to be observed at around 14.985 area to join the bullish move ahead.
If price closes below 14.985 area then we will nullify our buying views for Silver.
CRUDE OIL :
Price is arrived at the desired location of around 60.68 $ area .
We have selling views for crude oil as long as price stays below 60.68 $ area.
We will observe clear price action bearish rejection on daily or 4 H at the arrived location to enter into a bearish fall down.
NATURAL GAS :
Trend – downtrend
We already mentioned that flip resistance to observe sell signals for Natural Gas is seen at around 2.441 to 2.512 area .
We have selling views for Natural Gas till price lies below 2.626 area.
Clear selling signals has to observed at arrived location of 2.441 to 2.512 area on daily time frame to get involved in the bearish move down.
Trend – up trend
We got good bullish move from the small bullish pin bar created on 5th July which we already mentioned in our previous post.
Those not boarded can still find buying signals after a downward pullback at around 1942 to 1864 area.
We stay bullish till price lies above 1864 area.
Wait for the downward pullback till 1942 -1918-1884 area and find clear bullish rejections on daily or 4H time frame to connect with bullish move above.
Trend – Agressive bullish.
Nickel moved aggressively bullish as we can see in the above price chart.
This week we plan to get in line with the bullish move , if we get downward pullback till around 13377 to 12818 area .
Clear buying signals has to be observed at around 1337 7to 12818 area to connect with the aggressive bullish move.
Trend – bearish
We can see Zinc is aggressively bearish without giving a proper upside pullback as seen in the above price chart.
We have aggressive short selling views for Zinc after a upward pullback at around 2562 area.
We will wait and watch clear selling signals at around 2562 area to connect with the bearish move.
Trend – Bearish
We are waiting for a upside pullback till around 1.2774 area to get selling signals to board the downward move.
1.2774 area is seen as an multiple affected zone as shown above.
Stay connected for next updates.