GOLD: I don't understand what's so complicated about Gold.
Below 1920: Must avoid.
Above 1920 on weekly and monthly closing basis: Breakout of epic proportions.
More from Mayank Narula
#Bitcoin
Monthly divergence may come into play.
I said best case scenario is market dump over next few months, and it's happening now.
I won't be surprised if it takes off to new all time high after flushing out new entrants.
Monthly divergence may come into play.
I said best case scenario is market dump over next few months, and it's happening now.
I won't be surprised if it takes off to new all time high after flushing out new entrants.
#BITCOIN
— Mayank Narula (@Mayank_Narula1) March 5, 2022
Pending RSI divergence on monthly chart which requires a dip under 13805 to get resolved.
But monthly RSI divergences can go on for years before the resolution.
Best case scenario will be panic dump over next few months. pic.twitter.com/hi67hMg9sZ
I did this comparison between Aarti Drugs and Tata Elxsi back in Oct when Tata Elxsi was at 1200-1300. Now it is 4200+.
Here is one more stock displaying similar characteristics: Mayur Uniquoters.
#MayurUniq
Coming out of 7 years consolidation.
Weekly and monthly RSI crossing over 70.
Can it do what Aarti Drugs and Tata Elxsi did in last 1 year?
#MayurUniq
Monthly RSI crossed over 70 in Sep'09 and stayed till Sep'11.
Stock did 5x in that time.
Here is one more stock displaying similar characteristics: Mayur Uniquoters.
Spot the similarities here in the price action:#AARTIDRUGS
— Mayank Narula (@Mayank_Narula1) October 10, 2020
2013-2015: Monthly RSI goes over 70 and stock goes up 4-5x.
2015-2020: range consolidation
2020: repeat of 2013-15 in few months pic.twitter.com/53L2fNpJoM
#MayurUniq
Coming out of 7 years consolidation.
Weekly and monthly RSI crossing over 70.
Can it do what Aarti Drugs and Tata Elxsi did in last 1 year?
#MayurUniq
Monthly RSI crossed over 70 in Sep'09 and stayed till Sep'11.
Stock did 5x in that time.
More from Gold
Fast forward to today when I added Gold at 1850. It made a sharp-up move but didn't want to sell for the sake of hedging. The positions were scaled up around 1925 with the fresh SL of 1900.
So far doing good. 2000 is the level I would be looking for. https://t.co/j1kiKRSx0y
So far doing good. 2000 is the level I would be looking for. https://t.co/j1kiKRSx0y
GOLD - 1 9 2 7 from 1 8 5 0
— The_Chartist \U0001f4c8 (@charts_zone) February 24, 2022
No indicators, nothing. Understand the language of the price. https://t.co/l6pEGD7r6D pic.twitter.com/JWZjlTLSBF