@sally_xauusd Trading range at 4124–4204
• Fixed pivot: 4164
• Dynamic pivot: 4147. As long as the price remains below this level, the recovery momentum lacks sufficient support.
• Critical support zone: 4144–4147
• Critical resistance: 4177
Hrly close below or above these levels
@MonarchRabia Trading range at 4124–4204
• Fixed pivot: 4164
• Dynamic pivot: 4147. As long as the price remains below this level, the recovery momentum lacks sufficient support.
• Critical support zone: 4144–4147
• Critical resistance: 4177
Hrly close below or above these levels
@Sahilpahwa09 So u believe previous low of 21743 will be breached ,election day low of 21281 & pran prathishtha day low of 21131 will be tested then what's about the bullish gap of 20300-20500 odd levels made when BJP won MP & Rajasthan
@CaVivekkhatri@Bhagirathsutar Before every fundamental correction ,technical correction happens & vice-versa,markets are indeed oversold ,it's not that new lower lows are ruled out but as a positional trader one should be cautious,there is divergence on weekly charts too
@kothariabhishek@MahindraFin All NBFCs aren't sure about lending defaults
Not,a good scenario.Lowest cross sell ratio in Bajaj finance & increased B/S in M& M Finance reflects that
@sally_xauusd Till now Gold is trading in 60 dollars range,same as last Friday,Monday was volatile with ATR of 170 dollars ,50% of which is 85 ,subracting from lower low of wk& adding to weekly lower high makes it 4022-4300,which side happens 1st after NFP will decide next week's fate!!🙂
@aryapolatx Gold better,hasn't breached Monday's low,Gold $4247 resistance,Silver $62.10,Simple price action,it's close of 5th August 2026',rally started on 4th Aug,Close of which is $4077& $59.53 respectively
@Ashish_4vedi Closed 90 points above lowest close of 22331,till we get weekly close above 22712 next week we are in woods,2024 election dsy low of 21281 in sight!!
@icooperTrades 1757 is also very important on yearly charts,it was high before Covid ,1900 was important level from which rally started towards 2735,now to watch 2046 which was breakout level& 2110 which was the low when 1900 was tested 5 years ago