&GOLD



Weekly Chart

Daily Chart

Gold is trading near 1550 levels and MACD which is showing bearish movement after brokendown in strong trendline as well as trading below the signal line that compelete indicates strong bearish movement  but Negtive divergence is not there that means we are trading in 4th wave of longerterm trend so it may go upto 1300 levels which is strong fibonacci resistance levels then could see a strong pull back upward rally in gold . So i think this downfall should continue in 5 wave pattern instead of ABC or in complicated pattern

USDINR,SGX NIFTY,EURUSD

USDINR

It has been increased from lower levels which is 49 as i told before but rising pattern is so much at this time so thats why we should stay in aleart to convert in bearish mode 

SGX NIFTY

Lower volume with traingle pattern indicates it should touch 5600 levels before breakdown , and nifty is tarding from 5175 to 5372 that means we are in consolidate pattern which is wait and watch pattern. once breached below 5175 lvels we could see 4800-4700 levels in few days. But my thinking suggests to go upward after crossed 5372 levels

 

EURUSD

As i told before it should touch 1.26 levels to completing of B wave but at this time we should wait for bearish conformation  below 1.30 levels . But before it may touch to previous high then fall ,lets see

SGX NIFTY

I Think today's fall is good for tomorrow .  small ABC waves have been completed of totall impulse wave from 5200 to 5550 levels . Budget could be quity impressive as i think , may be AAM ADMI budget . so thats why here i am just looking for a good buying levels to add more position above 5550 levels tgt. could be 5750--5800 in near term then trying to a fall may be near 5000 or 4900

DOW , COMEX COPPERDOW

DOW

 At this time dow is making higher high pattern but i think we may see small bearish to complete of small 4th wave of 3rd wave. so thats why near 13300 levels dow may fall.

COMEX COPPER

Every body knows Corrective waves are difficult to analyse for further movement .  After touched near LME 8200 levels i was thinking to bounce back then fall to near 8000 levels in LME chart. But instead of that it is making 3 wave pattern , now we may see falling pattern to get profit booking but it should not go below 8200 levels or recent low. Breached  above recent high after got a correction without touching recnt low then TGT. could be 4.1 levels in LME

EURUSD , SGX NIFTY

EURUSD

 A wave has been completed near 1.35 levels in 3 wave that means we may see 3-3-5 wave for further trend so thats why i think B wave should touch 1.26 levels in few days but before , here price line may go up to completing  small B wave of B wave then could see falling moment in 5 wave of small C wave of B wave  



SGX NIFTY

It has been bounced from near 5200 levels to my SL levels which is near 5400 , i think some kind of falling pattern should be there of entire rising pattern but shouldnot breached the recent lower levels and if it cross the 5400 after got small correction then nifty should be near 5600--5700 levels


COMEX CRUDE , COMEX GOLD, SPX

COMEX CRUDE

 Crude has been achieved my previous TGT. near 110 levels . but at this time i am just looking for lower rising trendline which is giving support if it breaks after small pull back rally then we could see near 90 levels in short term to compeleting of entire ABC wave pattern . if not then could see rising pattern after got support near lower rising trendline . But according to Commodity charts, equity charts are indicating it should touch 90 levels.

COMEX GOLD

 Gold chart indicates very very interesting pattern . But i think it should be bottomed near 1650 to 1670 levels due to completed ABC wave as i think . if it goes above 1790 levels then could see 1880 or 2200 levels in very few days.

SPX

Equity market looks very strong due to 5 wave pattern .and i think price line should take action in ABC wave mode which is corrective of small 3rd wave impulse wave pattern then could see rising pattern.

NIFTY , COMEX COPPER

Nifty

 

 

I think nifty should touch near 5000 levels in 5 wave pattern to completing of 4th wave then may touch near 5600 levels after got confirmation for uptrend . But at this time 5400 level indicates as a strong resistance point for bearish pattern 

 

Comex Copper

Free fall pattern indicates bearish should countinue till the levels of 3.60 or in LME near 7950 levels