We are currently working a balance zone between 5835 and 5880 with an excess both sides being rejected in the past two days.
The resolution of this balance zone will set up the next high probability trades.
Clearly the month of March was different from the past five months as we witnessed a stop in the one time frame movement seen from the start of November.
The current levels which are above 5800 seem to suggest that the downmove has been nullified and we are working our way back up to 6300 levels again.For this to be possible we will have to close out April above 5800 also.
The chart illustrates the buying seen above 5550 levels and continuation above the red line in the second pane will signify more buying interest.
However if 5800 breaks then a 100 point drop to 5700 is on the cards.
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4 comments:
Gm Shai,
Can U help me in getting Value areas of Gold & Silver & Crude?
I try much but unable to find it.
If U help me in getting them either in MCX or Comex.
Hope a positive response from U.
Thx
@ musti,
I don't subscribe to a data feed from MCX.
If you have an ami afl and a data feed, you should get values everyday.
Initiative buyer in goldbees at 2016.
" We are currently working a balance zone between 5835 and 5880 "
...Still the same as when first stated at 11.50 on friday.
Play the break of range.
shai..
hi..
not a bull nor a bear..
a rhino....at 36 u look young in pic..
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