9325 level closing basis weekly charts on DAX future will decide the future direction of prices and serve as a LOC between Bulls and bear..
For Immediate short term…
Soild Resistance is 9931
Solid Support is 9069.10
Team Technical IQ,
As we told you all in our previous post that we have bearish view in Indian Ruppee.
As USDINR traded above its short term key resistance area i.e 68.5975.
We are looking for more sharp depreciation from current levels in 4-5 trading sessions.
69.01 ….. then 69.4175 targets on cards
But We are positional trader…. and our final target something else.
To know more learn Technical Analysis.
We noticed Gold test its short term Key supply zone i.e 1250 level around.
This Gold (COMEX) chart for education point view.
As Economic conditions developing in near term, We make/ or intact our long term bullish view on Gold.
You just need to focus 1247.90 level above 2-3 closes on Gold COMEX chart.
For Education Point of view.
Short term technical trend seems choppy with negative bias. Sell on rise near resistance level recommended.
Team Technical IQ,
Checkout our previous post on Silver.
Still if you don’t understand power of Learning, No one can help you out.
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A correction in long markets is the favorite wish for bullish Investor… They add more near supports not short their holds.
Same happening with USDINR positional traders.
The way we minted money…
Bullish on Gold above 1085 (went long)
Add more lots above 1111
With predefined Targets (Exit points) of 1155/1165 +++ Both attained (Six trading sessions) in last trading session.
But its not matter much if u don’t know about stop loss and position sizing.
Now we stand aside and waiting for more Technical clues ….. (We can do jobbing also here near supply point as most of traders do, But we never as we told you, We only believe in positional trading style).
If you understand bold words we mention here, You are on the way of success. Rest your financial health is in danger.
if You feel “YOU” are one out of them them Its high time to get Trained