The white metal silver is shining radiantly thereby favoring bullish traders and this is a good time to invest in Silver. In the short-term chart, silver is forming a flag pattern that depicts a good risk-reward ratio. Precisely, a flag chart pattern comes with low risk and handsome profits. If
An inverse head and shoulders, also called a “head and shoulders bottom”, is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of security meets the following characteristics: the price falls to
Wishing you all a very Happy Gudi Padwa and Navratri. Weekly Commodity Samachar- Subscribe now for live updates Russia reported that it sold 1 ton of gold from its reserves and on the other hand, Ukraine’s forex reserves are in the same condition as they were before the war. This
Investors are waiting for the outcomes of Fed Reserve’s Jackson Hole Economic Symposium. However, their decision and comments will impact the volatility of market as a whole. Thus, turns out a game changer for all the commodities. Therefore, coming week would be a decider of the trend. Moving further, there
Gold edges down on 27th August thereby rolling the table towards cautionary mode. Investors are now cautious and their main focus lays down with Jackson hole. Precisely, Jackson Hole is a place in Wyoming where all the big financial personalities like central bankers, academic & financial market participants, finance ministers
Silver looks positive as bottom fishing happens from lower levels We clearly indicated in our weekly commodity Samachar that we will not sell Silver at lower levels because our bias is highly positive in it. This week, Silver shot up more than 1500 points. Not only this, Comex Silver is
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On Friday, we clearly recommended support and resistance level in Commodity Samachar. Both levels were not executed in Gold and Silver and traded within a range. Below are the updates on MCX Gold and XAU/USD. Bottom fishing likely to happen at lower levels. Now, what next??? Gold has support at
After minted money in Nickel, now it’s time for Natural Gas. Natural gas is heading towards 300 levels. Traders should keep an eye on 284 levels. Let’s discuss about Natural Gas Natural gas is forming a Flag candlestick pattern on the daily chart and hurdle at 284 while support at
Opec+ members are ready to increase output from December onward. There is a dispute between UAE and Saudi related to crude oil production. Entire global economies are facing inflation hikes due to the rise in Crude oil prices. Last week, Crude oil prices crossed $76 per barrel but this news
