Silver FailSilver failed hard today, had a small short term position get wrecked. Still don't think it's over, but that pennant break the downside is rough. I'll be watching for a retest of the major trend line it broke for another long on it.Longby AdvancedPlaysUpdated 3
FCPO RANGINGafter a bullish momentum setup FCPO will continue its momentum on opening session either "gap up" or price open continue at the yesterday closing price. So trading plan is ABC / 123 pattern to the H4 swing high.Longby shahfx932
Heading into 38.2% Fibonacci resistance?The Gold (XAU/USD) is rising towards the pivot which has been identified as an overlap resistance and could potentially reverse to the 1st support. Pivot: 2,372.52 1st Support: 2,325.45 1st Resistance: 2,397.30 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets7
xauusd fallingHello dear friends: I hope you have taken enough profit from the fall of gold today We should note that classical patterns must be compatible with several other elements to be formed. For example, in this triangle, the decreasing price gap in the daily and weekly time frame from Moving 20 and the end of three equal ascending lags in the 4-hour time frame can be good reasons to enter the sale transaction.Shortby ali5adeghiUpdated 2
Wait for a new possitionHello friends I hope you have profited enough from the falling market. Next, I must say that the possibility of returning to 4-hour moving is high I see a level there that the price has reacted to in the past, So now I am a little more careful in doing the sales transaction. In my opinion, gold will move down in the weekly and monthly time frames, but I have to wait for the formation of a new position to enter a new trade. Longby ali5adeghiUpdated 2
GOLDGold weekly forecast: Hawkish Fed rates repricing generates asymmetric dovish risks. Looking interesting for sell at given These Points.Shortby AFFINITY_MARKETS3
Xauusd bullish moveMost probably price gonna move to demand 15 min amd fill the gap to the upsideLongby Doctor_traderr5
GOLD targets 2545 (under condition)Weekly chart, GOLD targets 2545 under condition: staying a week above 2085 Stop loss below 2080 The formed chart pattern, RSI and MACD are supporting this view. Note: A historical new HIGH was made while writing this idea!Longby snourUpdated 4
Big longs in COT data spotted. I remain bullishGold is around ATH. Dropped to the lower band of ascending change and rejected from the OB. I see the potential of growth continuation up to the 2500 territory. In COT we can see a large number of longs added. It could mean bullishness also. always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Longby Dave-FX-Hunter227
I still keep bullish bias as we rejected BPR. Longs until 35.41Silver has finally broken up multiyear highs and it's set for the continuation higher in its upper band of the channel. If we get a decent retest for the weekly inverted FVG and its BPR. It will be a great entry. Previous analysis Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Longby Dave-FX-Hunter1
XAUUSD - Bullish FlagGold is showing bullish signs with a confluence of a synchronized RSI oscillator trend. Levels have been marked. A good entry point would be breaking the 2369 level. From this point onwards I am projecting it to hit the 2500 mark.Longby ShahzaibNaveed118
Whispers from the Estate Oh My Precious GOLDA Noble Decree to Long XAUUSD Ah, my esteemed friend, let us embark on a refined discourse concerning the prospects of our cherished and most precious gold. With the grace and poise befitting of our noble heritage, we shall delve into the matter of gold trading, specifically its anticipated ascension from the current valuation of 2333 to the elevated stature of 2405. Gold, that resplendent metal of ancient lore and timeless allure, continues to captivate the hearts and minds of both sovereigns and commoners alike. Its intrinsic value, untouched by the ravages of time, stands as a testament to its eternal appeal. It is with this in mind that we must consider the forthcoming increase in its price, a development that shall undoubtedly reaffirm its status as the linchpin of wealth and stability. Permit me to expound upon the factors that lend credence to the forecast of this upward trajectory. The global economic milieu, ever so delicately poised, plays a significant role in shaping the fortunes of our beloved gold. Geopolitical uncertainties, coupled with the vicissitudes of the financial markets, have invariably driven astute investors towards the sanctuary of gold, thereby bolstering its demand. Moreover, the perspicacity of central banks, which continue to amass gold reserves as a hedge against currency depreciation and inflationary pressures, further underscores the metal's unassailable position in the pantheon of financial instruments. As these venerable institutions fortify their coffers with gold, one can only anticipate an augmentation in its value. Furthermore, the technological advancements and burgeoning industrial applications of gold, particularly in the realms of electronics and renewable energy, contribute to a sustained increase in its demand. This, coupled with the finite nature of gold reserves, creates a compelling case for its price appreciation. Thus, my dear compatriot, it is with great conviction and a sense of profound reverence that I assert the price of gold shall indeed ascend from its current pedestal of 2333 to the loftier echelons of 2405. In this pursuit, we witness not merely a financial transaction but a continuation of a storied legacy, one that has adorned the annals of history with its brilliance. In conclusion, as we partake in the noble endeavor of trading our precious gold, let us do so with the sagacity and grace that befits our station. For in gold, we find not only a repository of wealth but also a symbol of enduring splendor and opulence. May our decisions be guided by wisdom, and may our treasured gold continue to shine evermore resplendently. Longby MarkLeRoy0
XAGUSD Possible to Reach $300 to $400. Channel Top.Silver / U.S.Dollar is Possible to Reach Channel Top, if it Breakout above the Resistance level. One of the main reason is that Resistance level Breakout after 44-years. So Expect Wild movement in a Bullish Trend. Target is the Channel Top, and the Price is $300 to $400 Dollar, it depends on the Time. I want to help people to Make Profit all over the World.Longby SasikumarMani1
Waiting for bearish patterns.Hello friends I hope you have used the previous two analyses and made a good profit from the market So let's review what happened on the chart; The price first moved up and then we had the second leg of the spike, which was at least as big as the first leg. After that, the price distance from the 4-hour and daily moving (EMA) became very large and the price moved down again. Now we see that according to our analysis, the price increased again and reached the 4-hour moving average of 20 Exponential. Well, my opinion is that the price will move down again. I have several reasons for this analysis; - The first and second ascending legs have been completed and in these cases, the price either makes a trading range or moves toward the price node between the two legs. The distance between the price and the weekly moving has increased. After the above two options, I choose the second one. I also specified the target range. I'm just waiting for bearish patterns, it may take a long time to form, or it may be swift, in any case, I'm waiting for bearish patterns. I hope I have provided a correct analysis again. Cordial reguards; AliShortby ali5adeghi0
Silver is about to rally hard. Just look to history.Its simple really. If the silver/stocks ratio breaks out, in combination with a breakdown of the gold silver ratio, money inflows from both stocks and precious metals investors flows into silver. The last time this happened, lead to a strong silver rally. At the moment, we just need to wait for the gold/silver ratio to breakdown below the green line, then its off to the races for silver. Longby WinstonWolfe0
CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!🎯Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply/demand zone (low-risk sell/buy zone) spanning from 2366 to 2368 and 2331.5 to 2328.5. Additionally, medium-risk buy zone between 2347-2346, respectively, are highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 2366 and 2368, serving as a low-risk sell. Important Demand Zone🟢: Identified between 2331.5 and 2328.5, serving as a low-risk buy. Medium-Risk Buy Zone🟠: Noted between 2347 and 2346, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 2333: Possible retracement area. 2338: Possible retracement area. 2343: Possible retracement area. 2364: Significant supply zone. Ultimate Target: 2400- Significant supply zone. Bearish Targets📉: 2364: Possible retracement area. 2356: Possible retracement area. 2347: Possible retracement area. 2333- Laying Low Liquidity Ultimate Target: 2331: Essential Demand Zone What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market. by TTradessss7
USOIL Resistance Rejection ? 27.05.2024- 1-hour USOIL chart shows resistance rejection. - If rejection holds, price likely to go down. - If rejection fails and breaks out to the upside, price likely to go up. - Apply risk management. Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)by BDSwiss_Academy3
XAUUSD: Close to the best medium term buy entry.Gold is neutral on its 1D technical outlook (RSI = 50.016, MACD = 12.800, ADX = 25.902) as it completed today the second green 1D candle in a row. We don't think that the current bearish wave of the 1 month Channel Up has bottomed yet, since the HL trendline is a little lower around 2,315. We are prepared to buy after the 1D RSI crosses over its MA trendline and validates the bullish breakout. As with the May 20th HH, we are targeting the 1.236 Fibonacci extension (TP = 2,475). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope1112
XAGUSD: Bullish Megaphone going for its top.Silver is almost overbought on its 1D technical outlook (RSI = 68.691, MACD = 1.067, ADX = 40.719) as it reversed last week's minor pull-back. Being supported on the 1D MA50, the current Bullish Megaphone pattern is aiming for its top. We are expecting a +33.66% rise (TP = 34.500), same as the first Bullish Wave. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope1114
support levelThe Dow seems to be at a support level, if the support holds, the uptrend is likely to continueLongby forkman0
a short on nas100 seeing the bounce of the resistance zone I marked, looking for it to go back down to the previous support and retest or break it and going lower but Ill be monitoring it.Shortby EternalxlUpdated 0
USOIL FORECAST Q2 2024 : 16-18% BULL RUN Oil fundamentals by seeking alpha i cant copy and paste go and see the article and diagram for yourself seekingalpha.comLongby Bekiumuzi_DubeUpdated 1123
The end is nigh..."one more high."This is an Ending Diagonal. Notice, it is a contracting ED, and incidentally, the intersection of its top and bottom trend lines provide an ideal end point. A little bird told me 5375 was ripe for selling, and this picture makes me confident he was right. ATH 5362.75 at the time of this post, but calling it, anyway, as late as 5375.75. If not today, maybe in the week. Best, CuzShortby CuzDeluxUpdated 331