Gold: Opportunity To Ride Trend [Flag Pattern]Opportunity to buy Gold as in the chart, I can see Bullish Flag or Falling Wedge pattern.
This patterns are trend continuation patterns.
So, go ahead and grab some gooooold......
If price breaks the upper downward trend line, then buy Gold and sit tight.
Moreover, I am expecting market may crash soon and so, I strongly believe Gold is likely to shine.
Price-action-trading
BankNifty Strong Bearish SignBankNifty looks strongly bearish and 19500 is likely to test soon.
Trend is down from daily time frame to 1 minute. So, I will wait for pullback just to enter a short trade unless it breaks blue trendline.
For the time being, 21000 is the crucial resistance level and 19500 will act as support.
Check out the Blue downward trendline which may act as resistance and Red upward trendline and Black horizontal Line may act as a support level.
However, I strongly believe that 19500 will break and more pain is there.