The last few weeks have been a roller coaster ride for gold. Sure enough the upward momentum snapped and gold fell from its peak of $2,790 per ounce reached on 30 October 2024 to $2,537 on 14 November 2024. The recent dip in gold price to the $2,537 per ounce mark has not even tested the first 31.8% Fibonacci support …
The recent market correction is viewed as a 'Diwali offer' by some, with the Nifty experiencing a significant rally from 17,800 to 26,277 in just 18 months. The bulls are still in the game, with the 14-period RSI entering oversold territory and the 200 DMA above the 200-day moving average (DMA). Additionally, the 14-period relative strength index (RSI) is in …
