Up in analysing it is clear that Gold have broke the rising wedge, if it provides the retest area of 1992-1995 for a sell entry than one can expect to see 1963 as target with major support.
Before news expecting 1982 and once news out 1970. If good close below 1970 than as per broken rising wedge possible gold can touch 1953.
Upon analyzing in shorter time frame I see two potential levels upside. 1834 & 1848
Upon observing gold in a daily time frame i see the trend has been down and last weeks pull upside was to retest the near resistance of (1980-1984) range. Chart is making an inverse Cup&Handle and also near trendline support. expectation is that gold will fall from current levels till immediate support around 1902-1905 and final target of 1820 with Stop above 1990.
Nifty making Rising wedge and RSI loosing momentum near wedge upper line. Good sell will be active below median line 19650. Tr de for a target of atpease 400 points.
Crude has been respecting Major support and anow ready to make a bullish move. The recent high and lows are making the coordinates perfect for a harmonics setup. With current price scenario a small risk may give a very good reward ratio.
Gold is making a rising wedge and got rejected from resistance (upper band).if we break the chart in lower timeframe (5 mins or 15 mins), it has given entry and there are two potential targets we have on card. targets are marked with a good risk to reward ratios.
Crude is making a rising wedge in hourly chart and made a change of character (CHOCH), GO FOR SELL
Rising wedge in US30, with evening star in daily chart, expecting huge fall