Previous   Next
HomeBusinessWhat in a store for Gold: December’21

What in a store for Gold: December’21

After analyze Daily chart for month of Dec’21 through our proprietary calculation method, determine that it will trade with 141 points move, between the Range 1847.22 and 1706.18.

So, our aim is clearly to get minimum of 75% of total move, i.e. 105.75 points, which is equal to 10 K USD (In terms of profitability).

Have on eye on chart:

Extreme Levels:          1847.22-1706.18(Red Horizontal Lines)

Intermediate levels: 1813.67-1737.20(Green Horizontal Lines)

Trend dictator: 1780.71-1768.78(Blue Horizontal Lines)

For low risk set up, one should wait for Daily close above or below of ‘Trend Dictator’ level, it will dictate further price towards Intermediate level or Extreme level.

One can see in chart, recently we got rejected at 1813.67, that is why, lower level of Intermediate level 1737.20 is our preferred count now(Green arrow on chart).

1737.20 may be reversal for 1847.22,will watch price action there.

Will follow up ….

Stay with nayenews.com

More News

Uttarakhand Polls: Former CM Trivendra Singh Rawat Unwilling to Contest Upcoming Polls

BJP leader and former Uttarakhand Chief Minister Trivendra Singh Rawat have announced that he is not willing to contest in the upcoming assembly election...

Smriti Mandhana Named In ICC Women’s T20I Team of The Year

India opener Smriti Mandhana on Wednesday was named in ICC Women’s T20I team of the year for 2021. The team of the year announcements...

Australian Open: Sania, Bopanna Lose In Women’s And Men’s Doubles Opener

Veteran Indian players Sania Mirza and Rohan Bopanna were eliminated in the opening round of the women's doubles and men's doubles, respectively, at the...


Digital Payments Adoption Accelerating: RBI-Digital Payments Index

There has been a significant growth in adoption as well as deepening of digital payments across the country, showed the Reserve Bank of India...

Union Cabinet Sanctions Rs 973 Crore To SBI For Compensation Payment To Borrowers

The government on Wednesday approved sanction of ₹ 973.74 crore to the State Bank of India (SBI) as reimbursement related to the loan moratorium...

Sensex Dives 656 Points, Nifty Ends Below 18,000

Benchmark indices continued the selling on the second consecutive day on January 19 with Nifty below 18,000. At close, the Sensex was down 656.04 points...