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Top News In பெருநிறுவன அங்கீகாரம் பெற்றது பிரதிநிதி Today - Breaking & Trending Today

Gold Risky At Present - FNArena


Gold Risky At Present
Daily Trend: Neutral
Resistance Levels:  $1919 – $1962 / $2137 (Aug 2021 contract)
[All prices US$/oz Comex gold futures.]
Technical Discussion
→ longer-term upside price action solid off the August 2018 lows
→ bullish decade long cup and handle pattern now well evolved on the longer-term charts
→ retesting of the handle breakout now needs to prove
We were certainly very happy with the handle breakout back in May. And we had no problem with the retesting phase when price headed back towards $1800 in mid-June. Yet since then, price has travelled a little lower down to $1750 which was deeper than what we would have liked. The move has also unfolded as a minor degree 5-wave pattern which has added some extra caution to this push lower. ....

Shartru Wealth Management Pty Ltd , Chartist Pty Ltd , Corporate Authorised Representative , Product Disclosure Document , பெருநிறுவன அங்கீகாரம் பெற்றது பிரதிநிதி , ப்ராடக்ட் வெளிப்படுத்தல் ஆவணம் ,

Iron Ore: Remain Bullish


Resistance Levels: N/A (all-time highs)
Technical Discussion
→ Chinese demand remains strong
→ larger multi-year [A]-[B]-[C] move north remains in play
→ expected impulsive move north continuing to play out off the Wave-[B] low

The typical Wave-3 1.618 x W1 extension measures in at $206.38 USD. So with this target now having been exceeded, we need to be on the lookout for a Wave-4 breather to start taking shape sooner rather than later.”
Well since our last review above, the Wave-3 appears to have locked in a high point circa $218.38. With the Wave-4 now in progress. In Elliott Wave theory, Wave-4’s are generally shallow which fits what we are seeing at the moment. Yet they can also be quite complex which means some further sideways consolidation, perhaps even with a slight downward bias, could well be seen over the coming weeks before it finally completes. ....

Shartru Wealth Management Pty Ltd , Chartist Pty Ltd , Elliott Wave , Iron Ore , Rio Tinto , Fortescue Metals , Corporate Authorised Representative , Product Disclosure Document , எலியட் அலை , இரும்பு ஒரே , ரியோ டின்டோ , ஃபார்‌டெஸ்க்யூ உலோகங்கள் , பெருநிறுவன அங்கீகாரம் பெற்றது பிரதிநிதி , ப்ராடக்ட் வெளிப்படுத்தல் ஆவணம் ,