Cdp22

Cdp22

Gold is moving in up channel and it looks like it will go to 1950 and bounce back from it. if it breaks 1970 barrier price will move up.

Cdp22

if we see any sign of de-escalation in war at all, nifty should hit 16980 according to gartley (XABCD) pattern. if it was any normal time in history, you could easily go for long but fundamentals are strong during war, it's better to avoid trade without any sign of de-escalation. For more on gartley pattern google, gartley patterns

Cdp22

We can see how negative news over past few days have affected the market if it retest 16900 in nifty, we will see temporary reversal in case war situation hasn't any sign of de-escalation I hope the war end soon, markets reach to their true intrinsic Pace.

Cdp22 Updated 

looking at the situation, fundamentals are not bearish but still we will see reversal due to overbuy observed in daily frame. Technicals are supporting as well but too early to say the same.