mightybullcapital

mightybullcapital

Price has a key resistance at 161.527 & a new low at 160.655. Now price if price makes a breakout of recent low then price might continue to push down to major support zone at 159.998 on a higher timframe. However we see about 66 pips rejection from the recent low on gj so a breakout of the resistance could happen if 4hr candle close with a bullish engulfing...

mightybullcapital

Price while moving in downtrend it has recent resistance at 1.1600/1.1657 & also creating a new low breaking the previous one. now on a high tf pov price needs to respect 1.1600/1.1657 as resistance if price is to continue to go down in respect to the downtrendline. And a breakout of the resistance would result in the breakout of the downtrendline leading gj to go...

mightybullcapital

GJ moving in respect to 2 trendlines while getting shrink in between creating a symmetrical pattern. And also price facing major support at 160.858 & resistance at 162.672. if the support is broken which seems very likely now, then price might continue to push down to the next major support at 159.998 or go even further down. And if price respects the support &...

mightybullcapital

Gold has a recent resistance at 1725.62 & support at 1681.15. price if breaks out of that resistance, then it could push upto 1745.11 or 1764.42 as a retest on the downtrendline. However, if price breaks & closes below support at 1681.15 then price might continue to push down in respect to the downtrendline creating new lower low on a higher timeframe.

mightybullcapital

Gold has a Recent resistance at 1712.14 from & Support at 1698.80. now if gold respects its resistance & breaks out of recent support at 1698.55 then price might move bearish in respect to the downtrendline to all the way retest 1681.15 key zone. However if price breaks out of the recent high at 1714.86 then it would be a breakout of the downtrend & price might...

mightybullcapital

Price has a strong resistance at 1.1619 which it needs to make a breakout of to break downtrednline & start going for some deeper retracements. But as long as 1.1619 is respected as its resistance and price makes a breakout of the previous low at 1.1502 then price might continue to go down creating new lower low.

mightybullcapital

As the price is retesting the resistance, it needs to make a breakout of the recent high at 162.195 to continue pushing up to 162.652 while respecting 161.505 as its support. A breakout of the support might still lead gj to continue moving in the ranging phase.

mightybullcapital

GJ is moving in respect with the downtrendline while facing recent resistance at 161.971 & major support at 161.042. Now if gj makes a breakout of the support & previous low at 160.827 then it might push all the way down to retest the major key zone at 159.998 by forming another recent downtrendline.

mightybullcapital

Gold if makes a breakout of the resistance at 1728.49 then it would be making a breakout of the downtrendline & that might lead gold to push towards 1735.90 or all the way to 1740.49 key zone. And gold finds resistance at 1728.49 & makes a breakout of the previous low at 1709.25 then it might push to 1700.60 or all the way to 1685.06 key zone.

mightybullcapital

Price moving in respect to a very recent downtrendline keeping 1.1651 as its recent resistance. So if price in respect to the recent downtrendline & resistance breaks out of recent low at 1.1598, then price could continue pushing down.

mightybullcapital

GJ if breaks out of the current resistance at 161.967 then it might continue pushing up to 162.672 or create new higher high if even breaks out of 162.660. Similarly if gj makes a break & close below the major support at 161.170 then we can look for trades on short side anticipating gj to continue pushing down to retest 160.106 key zone.

mightybullcapital

looking for sells below the previous low of 1718.98 in hopes of price retesting 1712.58 & looking for buys if price breaks out of 1732.80 with further bullish move. but careful with the fakeouts.

mightybullcapital

GJ found resistance by forming double tops at 162.630. so it needs to breakout of that resistance to continue moving up to 163.543 key zone. And if gj breakout of recent support at 161.961 then it could push down to previous support at 161.601 or 161.250.

mightybullcapital

Price could push to 1.1794 if breaks out of 1.1758 as part of deeper pullback in respect to the downtrendline and then continue to go down. but if even breaks out of 1.1794 then it would be a breakout of the downtrend and shift to an uptrend. And if price makes a breakout of the recent support at 1.1684 then price could push further down by breaking below the...

mightybullcapital

price scould go long if breaks above 1729.54 in respect to the uptrendline. and price could short if breaks the uptrend and breaks out 1719.71.

mightybullcapital

If the price makes a breakout of previous high 162.185 the gj might continue to push up to the key level 162.654 while respecting the uptrenline & the recent low 161.572 as its support.

mightybullcapital

waiting for a proper breakout of the mentioned zones to look for further trades in the direction of the breakout.

mightybullcapital

Gold seems to be moving in respect to a downtrendline & gold might continue to move down to retest 1680 key zone if it makes a breakout of 1711.34 or create new lower low if even closes below 1681.50. However if it breaks out of 1808.34 with further bullish momentum then it would be making a breakout of the downtrendline & could shift to an uptrend from the downtrend.