What i liked mostly was the Fibo retracements from the monthly chart with the high of 1920.76 to the low of 1526.82...it gave the accurate level , where the high of yesterday went , hit and retraced... Attaching 2 pics... Monthly chart and H1 chart..

Gold formed a Double top pattern a few hours ago and came down , now it formed a Double Dip pattern and going up..what will normally happen in US expiry date ??

could u explain how and when to use this data ?

Guys, Will Fibonacci Retracements work on WTI Crude Oil ?? What are the factors to be seen before entering and existing a trade ??? and what data affect WTI Crude oil price ??

I would like to know from you senior members...i have drawn a Butterfly in the monthly chart of gold......i am a newbie in this butterfly pattern drawing ...so plz help is the pattern what i have drawn is right ??

Claps...awesome ....

Here is the Gold chart with Daily time frame , with fibonacci retracement from 1795 to todays low 1597 ...

it may test another time to 1.3367...

i wish there was a like or thumbs up button to congratulate u ...

According to me , trading gold and silver is very simple , the method is not to be greedy ..just book if u r in profits , thats my strategy , no target... Here the EURUSD pair , just reached the Pivot point and sustained a little time , till then ...

Came down as expected....cheers...maycome down still as EURUSD is going up.......

I would like to know is there any relation between the EURUSD and the WTI rates ??

For MCX charts u can buy First Charting...

just see the data from forexfactory...like unemployment job claims and other high impact data which may affect it.and also EURUSD .u have to analyse it for atleast one month and u will know how it affects and what to do ?? Am i right senior members ...

If gold doesnt touch the S1 support and the 23.6 level, then it may fall , but if it hits the levels , then its the other way round for some time...