Friday, October 18, 2013

Nickel Weekly update

Nickel Prices have been consolidating in small range for last two weeks , after hammer formed two weeks , the low hasn't been breached yet and prices continued to Consolidate . with positive engulfing candle last week , expecting a bounce now till the level of 900/921 , once the prices are able to sustain above immediate resistance of 875

Tuesday, August 20, 2013

Gold setting stage for a Possible Large downside correction

Gold prices show a clear 5 down from top of 32780 levels and than bounced back sharply now facing Resistance at 78.2 RT fib .  the RSI is also at imp resistance . Medium term if we see a possible  zig zag 5-3-5 correction we could be headed as low as 23000 again --- please ignore the current week candle which looks like doji as Snap take mid week

MCX Gold Weekly