25
BANKNIFTY 25 JULY ANALYSISBank nifty is looking v bullish than nifty , if price breaks channel & resistance at 37000 level ,momentum can take little pause between 37000....38000 levels. we can see small consolidation around this area & can expect a small retracement from this level .
if price fails to break immediate resistance , we can expect initial retracement till 0. 236 of fib.
XAUUSD LONG 5 WAVE - AB=CDXAUUSD LONG 5 WAVE - AB=CD
Pattern analysis suggests AB=CD parallel geometry.
Culminating into an eventual long, finishing the second 5 wave it's just started here at The end of September.
Looking at an eventual long past the resistance around the month of December - in step with the rate hike, but for now,
looking for the bounce off the top red support, going into 3/5 pushing up into resistance leaving a bounce around these levels finding buyers to push up this market past resistance - looking to pop on the 3 or later at the 5, either way, the 3 is coming, the trick is timing.