GoldWhat a beautiful Unicorn Model on 1h TF, thats just my opinion on potencial moveShortby andy4444_2
USOil moving lower**Monthly Chart** Last month candle closed bearish after testing the low of key reversal candle of the previous month and started moving lower. The next target on monthly is around 71 level and then 63 level respectively. **Weekly Chart** Last week's candle closed as a bearish key reversal suggesting a continuation of the downtrend move. **Daily Chart** USOil broke the relative equal high of the range with the creation of manipulation candles at around 80 levels. The next target is to break the soft level of supports around 75.50 level and move aggressively lower. A corrective move around 78.00 level is required to push the price lower. The next target is around the 72 to 70 level.Shortby PropSignals1
NQ Update April 1st Post (4-18-24)The White arrows to the right side are KL's. 18700 YTD High, 17027 YTD Open and 16300 YTD Low. The white dash is Mid Level of YTD Range. 4/1 Post, we have hit lower target and my see some retracement back up, not looking for a KL 18590 retest. Use Yellow dots as targets for next move. Yellow diagonal TL is next retest and TLX 17867, may see sideways with slight lift prior to another drop. Interesting chart on S/P, we may be heading back into a Dead Zone. by MAZingUpdated 7715
Double Top on XAG/USD @ D1This double top pattern has formed on the daily chart of the XAG/USD pair (Silver) following a rather long bullish trend. It can be used as a downside breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline). My potential take-profit level is at the green line (100% of the pattern's height below the neckline). My potential stop-loss is not shown on the chart and will be set to the high of the breakout candle or to the high of the preceding candle if the breakout one trades mostly outside the pattern's borders. I won't be trading a bullish breakout from this trend-reversal pattern. Shortby AndriyMoraru2
gold huge risk breaking 2300$ support1. still no lower low, breaking 2300 = lower low start of long term bearish trend 2. If it is lower low then it will create lower high = say goodbye to 2700$ for a while 3. it just 1 candle signal on 1H , 12H and daily, wont show on weekly or monthly yet so I don't know would monthly 2700$ target win the battle or notby salvanostUpdated 1
FCPO Week 23 2024: Bullish?The price broke through the neckline with strong momentum and retraced slightly on Thursday, creating a buying opportunity. It then continued higher on Friday, confirming a rounded bottom pattern. From here, the price is expected to continue rising. A long position targets 4135 initially, with a potential move to 4230 depending on next week's price action.Longby edramlan1
GOLD: Will Start Growing! Here is Why: Balance of buyers and sellers on the GOLD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals112
Silver above 30$And just like that... BOOM! #Silver closes solidly above 28$ and converts that wall of resistance into support. Enjoy the journey guys!by Badcharts4
USOIL - Are we going up? Going to see how the day closes before taking any trade but here my thoughts Technicals → Price respected .618 FIB retracement → We broke out of channel and retested it → Monthly candle will close semi-high probability we're going up to create at least a top monthly wick. Fundamentals → Important next week is OPEC+ meeting 2nd June. Trade → For intraday/swingers long opportunity to go up for about 1:3R → For scalpers good buy opportunities 20 pips at a time when price goes up. Longby Simba_TradingUpdated 335
XAUUSD. Weekly trading levels 3 - 7.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_Hoby1
XAU-USD | 4H | SHORT | TECHNICAL CHARTHello traders, I have determined my FOREXCOM:XAUUSD target on the chart. I expect traders to buy from the supply and demand zone. I have marked the key level. Thank you very much for supporting me with your likes. If you traders want to receive constant updates under this post, there should be at least 50 likes. Note: I have been in the forex, crypto, and stock financial sector for 14 years. I do day trading with harmonic patterns, smc, chart formations, and Elliot wave strategies. I am sharing signals from some of my operations with you.Shortby TraderTilkiUpdated 4
XAUUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 18
DO WE HAVE A POTENTIAL SWING TRADE ON GOLD? There are no certainties in trading, only probabilities... Let's see how this one pans out. Longby babaofijebuUpdated 3
Crude Turning BearishAs shown above, Expecting a reset of previous support zones. Shortby User-Optimized1
GOLD LONG POSITION SETUP | 15M🔮FORTUNE'S OF BETLORD🤑 15M GOLD ANALYSIS✨✨✨ A simple break of structure analysis on the buy side. For a quick 2.78:1 or let it run to 3:1. Cheers, betlord.Longby dikorocz113
GOLD CAN GO DOWN WITH THIS BEARISH FLAGGold has broken below the trend line, signaling a bearish breakout. We now observe a bearish flag pattern, suggesting a further downward move towards the highlighted support level. It is prudent to wait patiently for a bearish flag breakout before entering short positions.Shortby traderchamp_2
GOLD is breaking bullish structure, pay special attention to FedOANDA:XAUUSD fell to its lowest level in 2 weeks when demand for the US Dollar in the market recovered. A Federal Reserve rate cut in September is looking less and less likely, which is causing some selling pressure on gold. Investors will focus on today's (Friday) speech by Federal Reserve Governor Waller, US durable goods orders and the University of Michigan's consumer confidence index report. Strong U.S. economic data pushed U.S. Treasury yields and the dollar higher, which in turn weighed on gold prices. S&P Global said the US Composite Purchasing Managers' Index (PMI), which tracks manufacturing and services sector activity, rose to 54.4 in May, its highest level since April 2022. Other data released on Thursday showed the number of people filing for unemployment benefits in the US fell to 215,000 last week, the biggest two-week drop since last September. Minutes from a Federal Reserve meeting released Wednesday showed that officials still believe price pressures will gradually ease over at least the next few months, but some officials said they were ready to support spending increases. borrowing costs if inflation spikes. Notable data and events of the day Fed Governor Waller is scheduled to speak on Friday. Hawkish comments from Federal Reserve policymakers could put pressure on gold prices. It's worth noting that higher interest rates typically hurt gold prices because they increase the opportunity cost of investing in gold. In addition, US durable goods orders and the University of Michigan's consumer confidence index will also be published. The preliminary value of US durable goods orders for April will be published, with the monthly rate expected to decrease by 0.8 %, after increasing 2.6% in March. The final value of the University of Michigan's Consumer Confidence Index for May will be announced and is expected to be 67.5. Fed Governor John Waller, who has been hawkish on the Fed's rate-hike cycle, said Tuesday that he would need to see good inflation data for several more months before starting to cut rates. “In the absence of significant weakness in the labor market, I would need to see good inflation data for several more months before I feel comfortable making a move,” Waller said at the Peterson Institute for International Economics in Washington. support the loose monetary policy stance." Waller and other Fed officials have recently emphasized that the central bank may need to keep interest rates steady for longer than previously expected. Policymakers have not adjusted the benchmark interest rate, currently at a 23-year high, since last July. Fundamentally, traders need to pay special attention to the speech of Fed Governor Waller, who is a hawkish Fed official and Waller is very likely to follow up with further comments. causing pressure on gold prices. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold broke most of the key technical levels and broke the technical structure that favors the upside. The drop below the trend and EMA21 is providing further downside risk to gold prices. In the immediate future, gold has a support at the technical level of 2,325 USD, and in case this technical level continues to be broken, gold will be eligible to move towards the level of 2,305 - 2,300 USD in the short term. The relative strength index (RSI) is pointing down but is still far from the oversold area, suggesting that gold prices still have room to decline further on the daily chart. From the technical level of 2,325 USD, the possibility of technical recovery is also limited by the EMA21 level which is currently the closest resistance, noticed by the technical point of 2,344 USD. During the day, gold's technical outlook leans more bearish with limited recovery and notable price levels are listed below. Support: 2,324 – 2,305USD Resistance: 2,344USD 🪙SELL XAUUSD | 2370 - 2368 ⚰️SL: 2374 ⬆️TP1: 2363 ⬆️TP2: 2358 🪙BUY XAUUSD | 2288 - 2290 ⚰️SL: 2284 ⬆️TP1: 2295 ⬆️TP2: 2300by Xayah_tradingUpdated 24
THE KOG REPORT - UpdateEnd of day update from us here at KOG: What a day, what a week! Yesterday we said we would be looking for price to come down into the lower support region, that should have been enough for traders as we had high volume news day. We identified a potential move upside pre-NY and in this mornings review suggested a tap into the extension level 2360, which if rejected could give us a late session selloff! Our hot spots worked a treat, giving a pip to pip, level to level move, price going up into our level and rejecting, before them coming down hitting target. So, what now? It's late session and we have support below 2320 and below that the hurdle 2314. These levels needs to be broken to take us below that 2300 level on the close, which may not happen today. Upside we have the resistance level 2335-40 which will need another blast of volume to break, and needs to be monitored. No more trading for the rest of the week for us, so we'll leave you with the circles on the chart together with the levels to monitor, if you're going to risk it. Wishing you all a great weekend ahead, and we'll see you on Sunday for the KOG Report and our view for the week ahead. As always, trade safe. KOG by KnightsofGoldUpdated 5546
The Macro Narrative of the S&PThe S&P 500 is in a bit of a pickle in terms of orderflow. Looking at the Cumulative Delta Volume (CVD) and price, relative to April's highs, we see that the deltas have peeled off significantly. In this case, the CVD is showing exhaustion. Bulls are, perhaps, not as serious as before. This will give some solace to market short-sellers, though I would prefer to see absorption where CVD makes a higher high and the price does not. In any case, the swing in deltas from staggeringly positive to staggeringly negative gives us some insight into what the "big boys" are thinking. It is my opinion that we will see MES (and SPX) in the upper 4900-5000 range in the coming weeks. Summers are notoriously slow for trading, so it will be interesting to see how this develops. Shortby PureDeltaUpdated 4
NEW IDEA FOR GOLD Decrease in buyers' desire for gold due to stable PCE inflation figures Examining the trend in the four-hour time frame, gold has formed a HEAD&SHOULDERS pattern, with the failure of the NECK LINE support in the 2323 range, the rate can fall as high as the head of the pattern to the 161.8% Fibo support at $2219.Shortby arongroups2
The most comprehensive gold analysisIn the U.S. market on Tuesday (May 28), spot gold fluctuated within a narrow range and is currently trading around $2,355 per ounce. Gold prices rebounded nearly 1% on Monday, hitting an intraday high of $2,358.40 per ounce and closing near $2,350.99 per ounce, as investors assessed reduced bets on U.S. interest rate cuts ahead of a key inflation report later this week. Most U.S. markets are closed for the Memorial Day federal holiday. The price of gold hit a record high of US$2,449.89 last week, but has since fallen by more than US$100. It hit a low of US$2,325.28 per ounce last Friday, and then rebounded in shock. Minutes of the Fed's latest policy meeting, released last week, showed officials believed it could take longer than previously thought for inflation to fall to 2%. Investors are currently awaiting data on the U.S. personal consumption expenditures (PCE) price index for April, due to be released on Friday, which is the inflation gauge favored by the Federal Reserve. Gold rose as demand for the precious metal rose. The RSI is at medium levels, so there is plenty of room to gain additional upside momentum. If gold stabilizes above $2,350/oz, it will head towards the next level of resistance, which lies between $2,390/oz and $2,400/oz. Gold prices rose on Monday, on the one hand due to the weakening of the U.S. dollar index, and on the other hand, the geopolitical situation in the Middle East boosted safe-haven buying. There are few economic data on this trading day. Pay attention to the U.S. Conference Board Consumer Confidence Index in May. In addition, you need to continue to pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation in the Middle East.Longby Mark-VIP008Updated 1116
SILVER - Double topIf gold is in a decline mode silver is dropping too... Silver started to print its double top a bit later than gold but it's heading to the neckline at 30.058$. We might backtest the breakout again at 26$ in a few weeks. And also notice on the XAUXAG chart silver printed a daily swing yesterday : It might want to backtest the triangle~s lower trendline. If the XAUXAG chart moving up the silver decline will be much more severe. Prepare for the double top to break down soon ! Shortby chartwatchers5
Gold Market Outlook, Golden Bullish Breakout AheadYour analysis of the XAUUSD (Gold) market indicates a current bullish trend with specific targets and support levels. Here's a structured summary of your analysis: 1.Current Trend: Bullish from 2340. 2.First Target: 2425. 3.Secondary Target: If the market moves in the opposite direction and breaks even at 2350, then focus on the next support level. 4.Support Levels: Primary Support: 2360-2365. 5.If the price falls below these levels, the final support point is 2315. Trading Strategy Based on Your Analysis: Bullish Continuation: Entry Point: Around 2340, if the market continues to show bullish signals. First Take-Profit (TP1): 2425. Second Take-Profit (TP2): Depending on market conditions, a secondary TP could be set higher, but specific targets should be reassessed based on market momentum. Risk Management: Stop-Loss (SL): Consider setting an SL slightly below the 2340 entry point to minimize losses if the market reverses. Break-Even Level: 2350. If the price moves to this level, reassess the position and consider adjusting the SL to the entry point to secure a break-even trade. Bearish Scenario: Entry Point: If the price breaks 2350 and shows bearish signs, look for potential short opportunities. First Support Level: 2360-2365. Monitor price action around this zone for potential rebounds or further declines. Final Support Point: 2315. If the price continues to drop, this could be a critical level for potential reversal or further bearish continuation. Recommendations: Continuously monitor market conditions and adjust the strategy as needed. Use technical indicators like RSI, MACD, and moving averages to confirm signals. Keep an eye on economic news and events that could impact gold prices, such as changes in interest rates, inflation data, and geopolitical developments. This structured approach should help in making informed trading decisions based on the outlined analysis.by MrCharlie1Updated 44