RTY Retest and FailRTY is my favorite short setup at the moment. Had a nice break of this ascending wedge and failed on a retest. I expect further downside, but being cautious with shorts while NQ and NVDA are this strong. Shortby AdvancedPlays0
FCPO1 bullish momentumafter very big bullish momentum price predictions will going up to $4027 for intraday. ABC pattern will appear at bigger TF to move to second zone above $4100 (fibo retracement 50% daily). TAYORLongby shahfx93114
ZM! still uptrend still look uptrend after a big pullback on H4. price still bias going up looking for $401 zone fibonaci 50% retracement if this hit need to draw a new technical review. TAYORLongby shahfx93111
Bullish gold.. Seize the opportunity Gold seems to continue the buy. Find buy options and key In the trend by RonaldoRichmond5
XAUUSD, WEEKLY CHART... here's how it looks.I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift. 1950 (completed support line) would be the key price point for that level. Touch it, and we got a BUY SIGNAL. Non-confirmatory (risky) would be 1940 level. TAYOR. Safeguard capital always.by JSALUpdated 1116
SILVER, bargain opportunity that's hard to resist.SILVER has trimmed it's price significantly to multi week lows. The overextended correction is a good opportunity for possible reversal prospect. KEY NOTES: Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision. Histogram higher lows. Daily Higher lows -- firm ascending support lines. TRI-MONTHLY higher lows - price + histogram conveying firm price valuation goal. Bubble up volume appeared twice this last 2 quarters -- current range of 22.00-23.00 acting as support space for XAG. Spotted at 22.3 TAYOR Safeguard capital always. Longby JSALUpdated 3318
GBP (GBPUSD, 6B1!) Weekly Forex Forecast.... BULLISH!Bias is Bullish, overall. Price has formed several +FVGs on the way to the DOL. Potentially, a pullback to one can propel price higher to the draw on liquidity at 1.2810. I do not think price pullback further than this +FVG at 1.2745. This is also the location of the Volume Imbalance seen on the Daily TF.Longby RT_MoneyUpdated 1
Gold buyLiquidity to take,new bullish trend, 3 ascending triangles, bullish market structure, Longby seanstone12240
Xauusd Xauusd I dropped the signal of a buy its just same pattern that repeat it self I love ❤️ the way Xauusd is playing out but we hit sl on audusd I lost 114$ and am making 900$+ a nice day Longby Greatvic001332
A Shining Year for Gold: Geopolitical Risks and Economic DynamicThe year 2024 may be a bright year for gold, but it coincides with a period of increasing geopolitical risks. Global political and economic uncertainties, while unsettling investors, may boost demand for safe-haven assets such as gold. Another notable feature of this year is the decline in inflation and interest rates. It is expected that inflation will be kept under control, and central banks will opt for interest rate cuts. The -0.75% interest rate reduction can be considered as part of efforts for economic recovery. Gold has traditionally been a sought-after investment in environments characterized by low inflation and interest rates. Therefore, the anticipated interest rate cut in 2024 may support gold prices. However, the persistent presence of geopolitical risks remains another crucial factor influencing the value of gold. Investors will carefully monitor the performance of gold in 2024, taking into account both geopolitical developments and economic indicators in this complex and dynamic environment. In the face of potential risks, a diversified investment strategy may provide a more secure position. ------------------- When I look at the gold mining index, I see a very positive increase. ------------------- The graph of gold in 12-6-3 month time frames gives very positive clues that the price will rise. ------------------ My Goals for 2024 - 2200 - 2500 - 2700Longby FXMHDHUpdated 2211
silver vs spx weeklyHere's the setup for #silver to run up over 50% in a few months and recapture the mythical 50$ mark.by Badcharts1
2024-05-28 - a daily price action after hour update - oilcomment: In my weekly outlook I wrote that 76 was rejected often enough and bulls are favored to at least test the top of the channel around 78.8. They poked enough today and finally broke above. I expect 84 over the next 1-2 weeks. Measured move would bring us to 84.3. current market cycle: Bear trend broken - Still inside bigger triangle (form of trading range) key levels: 76 - 84 bull case: Got my clear confirmation today and will look for long entries over the next days. Bulls probably expect a pull-back to maybe the daily 20ema (79) to form a channel). 1h 20ema is currently holding nicely. Invalid below 78.4. bear case: Bears stepped aside since Friday US session and we are in a strong bull trend inside this bigger trading range. Bears will try to sell new highs for small scalps. Best they could hope for is moving sideways around 80. short term: Up - 84 expected over the next 1-2 weeks. medium-long term: We are seeing the big triangle playing out between 73 and 86 (could also be 87 but for now I see the spike above 83 as a failed breakout of the triangle. We hit the lower trend line and now we will test back up to above 83. trade of the day: Just buy anywhere. Look which 20ema is holding and buy near it. Longby priceactiontds1
USOILWe can attempt to buy USOIL from specified level as it break LH , also bullish divergence occur indicate that it move upward . SL , TP mention in chart.Longby SignalEdge2
INT IRL ( PRICE IN DISCOUNT) EXPECT A VALID PULLBACK HTF bias Gold is heavily bullish ,After Breaking structure to the upside price pullback .....only a valid pullback must be in discount zone below the red line.Marked HP is high probability anticipated for the valid pullback though price is in Discount zone.Longby MauriceAdband222
FORECAST dor the next 4-6 yearscycle n crash and war comiung soon bubble burst in ai and creShortby cw1sss550
Can Oil soar on June 2 OPEC+ cut hopes? Can Oil soar on June 2 OPEC+ cut hopes? WTI crude futures and Brent continue to recover from three-month lows. The rebound is potentially driven by expectations that OPEC+ will extend its output cuts of 2.2 million barrels per day into the second half of the year during its June 2 meeting. Additional support for crude prices came from the start of the U.S. summer driving season and a weaker dollar. Further data on the demand side will come from upcoming U.S. PCE to gauge the Federal Reserve's future monetary policy. A softer-than-expected reading on the PCE could increase the possibility of interest rate cuts, and potentially enhance the demand for energy. Deutsche Bank has maintained its Brent forecast at $83 per barrel for the second quarter and $88 for the second half of the year, assuming OPEC+ will sustain its current production policy on Sunday. Should prices move above the $80 level, WTI could test the 50-day moving average just above $81.1. The RSI suggests there is still room for prices to rise before reaching the overbought zone. Conversely, if prices fall below the $78 range, they might stabilize around the $76 mark. by BlackBull_Markets2
Gold Global Analysis Gold began to correct after the opening yesterday, and it temporarily stopped after hitting a maximum of around 2358 at the end of the US market. However, the upward trend was weak in the morning of the day, and it retreated in the opposite direction. Currently, the European market has retreated to around 2340, and the intraday discontinuity It also allows us to directly consider whether yesterday's retracement was a correction by the shorts, not a counterattack by the bulls. Furthermore, combined with last week's retracement and downward channel, it is not a reversal in the short term, and we still need to continue in the later period. We are short gold, and it is currently retracing above 2340. Overall, the short energy remains during the day, and there is still some room for downside in the evening. Judging from the current trend of gold, the first support below is maintained at the 2328-30 line, focusing on the 2320 line. This position is also related to whether short sellers can start a new round of action in the later period, while the key suppression port above will remain at 2320. Last week's retracement high point was around 2360-65. This position is also our ideal short selling point in the evening. The hourly line is currently repaired and there is a signal to turn around. In the middle position, watch more and move less and pursue orders cautiously. Wait patiently for the key point. Bit entry. 1. Go short on the rebound at 2350-55, cover the short position at the 2360-65 line, stop loss at 2372, and target the 2338-2340 line;Shortby Jerome-LeonUpdated 4
USOIL - bottom out ? What's next ??#USOIL.. market placed lows around 76 77 And bounced back.. now we have 78 around as a immediate supporting area and if market hold it means further highs are in table. Keep close it guys and don't be lazy here.. Good luck Trade wisely by AdilHussain731333Updated 0
POTENTIAL TOP ON GOLD (XAUUSD) Hey everyone! Coming on here with another breakdown of the commodity Gold! Let's dive in! OK so what I am seeing is a potential for Gold to actually soon make a move to the downside. What leads me to this conclusion is the fact that first off Gold is sitting around all time highs of $2,450 PER OUNCE for this commodity. Literally never seen before. Now of course Gold is a great hedge against inflation and a weakening US Dollar but prices have to eb n flow for the market to be able to build the liquidity to continue with demand in prices. So based on how last week had closed with price you can see an attempt to go higher above that $2,450 per ounce mark but shortly after getting slammed to the downside with very very strong seller momentum...price too expensive...right now. SO what that had caused technically was a bearish engulfing weekly candle...and a very strong push to the downside on the daily timeframe as well! AND IF THE #1 SIGN OF A REVERSAL IS POWER...THEN THIS FITS THAT BILL.. Also something you can see is how the buyers are struggling to bring price up (showing weak to minimal demand) supporting the case for further downside to again build demand back up in this every demanding commodity. ALSO on the 4H timeframe we broke lows and are now in a bearish market for some price action confirmation. OK so keep an eye out when prices come (if they do) back up into that newly developed supply zone for potential move to downside. Cheers! Shortby JosePips3
XAUUSD Outlook👁️ OUTLOOK 5hr chart: Context 5hr: Price is currently in reaccumulating and needs time to get above the 50 ema. Once price starts surfing the 50ema then I will start looking for longs on Gold. Analysis summary: Bullish and expecting price to continue to break 2450.125 area this week or upcoming weeks. Needs a bit of time to show money coming in but I will have Gold on my watchlist this week.Longby angelvalentinxUpdated 111
GOLD - Will double in price in a few years! (cup and handle)GOLD is at its all-time high levels and will continue in the price discovery action. Why? On the chart, you can see a cap and handle formation that is currently breaking out on the monthly chart. This is a huge event for gold, and therefore the price can double in a few years from now. Does it mean that we will see a multi-year bull market? Definitely yes. This cup and handle formation is fully confirmed. The monthly candle closed above the neckline of this pattern with a bullish engulfing candle. How to trade? If you are an investor, simply buy gold and hold, you can expect a pretty good and reliable return in a few years. If you are a swing trader, I recommend trading with the trend and going for buy/long only strategies. Do not short gold on futures, as it will lower the probability of success. And if you are a day trader, also focus on long-only strategies, and you can potentially short GOLD, but only with limit orders that you put above the current price. Avoid trading bearish breakouts, as they tend to take liquidity (stop losses) and reverse. What is the profit target for gold in 2026 or 2030? There is no historical price action, so to determine our profit targets, we need to use the Fibonacci extension tool and Elliott Wave theory with simple trendlines. On the chart, you see my Fibonacci projection (wave 1 -> wave 2). Usually, the market tends to react to the 1.0 extension, the 1.618 FIB extension, and the 2.0 extension. These are strong levels, but only for a short-term bounce. As my title says, I am expecting a huge bull market, so do not forget to follow my account to stay updated! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. Longby XanroxUpdated 2727180
Gold slowing at Thursdays POCI have been testing Tradingviews volume profiles with Gold and some of the levels are so accurate. Using spot market data, it was a bit of a surprise, but a welcomed surprise it has been. We can see today's intraday longs tapping straight into a naked POC left behind from the sharp sell off on Thursday. I have yet to test this is in other markets however Gold has proven really quite reliable utilising the entire Value area from the fixed period profiles. Anyway - watch out for Gold bears to take control once again from 2360 - 2370 once again. I am looking for a 1000pip drop near enough back to 2275. I will keep you all updated.Shortby CIFERSTRATEGIES0