usoil analysisusoil broke out the downtrend, and started a correction after the breakout, i expect that usoil is retesting the support zone on golden zone fibbo, before going bullish.Longby Hassanberjawi4
NATGAS - NAUGHTY FALL AHEAD ?Cup pattern is complete with double top resistance. Looking for a handle now. Probable retracement area would be $2.5 Once pattern is complete Natty might fly high to $4.5 again? Disclaimer: Do not consider this as a buy or sell recommendation. This is purely for educational purposesShortby Manohar_ShanmugamUpdated 12
Go long gold first, then go short goldGold has tended to be volatile in the past two days. As I predicted a few days ago, after the sharp decline, gold may digest the sharp decline in a volatile manner. Although the current market fluctuations are not large, it is still profitable. Judging from the current trend, the short-term decline has been alleviated, and the bulls have the motivation to continue to rebound. However, last week's high black candlestick chart was engulfed, laying the foundation for bearishness this week. The overnight strong impact also failed to break through the 2365 key point, indicating that there are still a lot of short pressure above 2360. So overall I still tend to be bearish on gold. However, gold has now fallen back to around 2340. Before gold fails to fall below the 2335-2330 area, gold bulls still have room to fight back. So for the time being, I will not be too bearish on gold. In terms of short-term trading, I think both long and short sides have the potential to make profits. So it has fallen back to around 2340. We can first participate in short-term long gold. After gold rebounds, we can consider shorting gold at the right time! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !Shortby Trading-HawkeyeUpdated 13
XAUUSD LongWith XAU/USD printing HH and HL's, I am entering long to capture a short move up. Entry: 2342.87 Stop: 2332.33 Take profit: 2376.02Longby xrpbilbsUpdated 6
Sell Zone 2372-76check my previous ideas🤩 you can buy now gold with low lot, then sell from 2372 zone Shortby Goldoperator-Mohit2
short swing idea on XAUUSDA bearish flag pattern can be observed which suggests that the instrument will continue its downwards movement. There are no divergences so we can expect the bearish trend to continue in the long term.Shortby ibbboo1762
Explosive Move IncomingI’m prepared for a small but big move towards the up position. Then more down, however you should be prepared to change your mind if the opposite happens!Longby traderextraordinaire0
Gold Deep PullbackGold has been volatile in the past two days, but everyone should be familiar with this rhythm. It is always quiet before the storm. Under the calm surface of gold, the big market is about to start. Since the pressure of 2450, the daily line has fallen sharply for three consecutive days, and then rebounded for three consecutive small positive lines. The short-term rebound rhythm is almost the same, which is in line with our expectations. The short-term trend suppression is also around 2365-2370, so after the short-term three consecutive positive adjustments, the price may weaken and fall again. The trend rebound in recent days is very weak, and the decline is completely under our control! Today, gold focuses on the repeated pressure of 2352. If it falls below 2352 during the day, the bearish thinking remains unchanged. The price will have good support at 2340. Relative to the weakening of the market, the stage rebound will continue to be weak. The effective support below is around 2336, and the lower track of the 1-hour Bollinger band is at 2328. The lower track of the daily MA60 moving average 2320 and the lower track of the daily line 2310 are used as defensive support points. On the whole, today's short-term gold operation advice is mainly to go short after the rebound, supplemented by long after the callback. The top short-term focus is on the 2356-2362 resistance range, and the bottom short-term focus is on the 2330-2325 support range.by MasterGoldTraderUpdated 15
Silver uptrend intact & looking good!After overcoming resistance at $34/$34, the next stop is $50 where a substantial correction should take place. Longby RaSantana1
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the chart today, tracking the movement up and down. Yesterday we stated after hitting 2361 that we now need to see ema5 lock above 2361 to open the next target or rejection with no lock. We were able to get a few more hits on the 2361 level during Tokyo session and were able to use the smaller timeframes to buy dips. 2361 failed to cross with ema5 and therefore confirmed the rejection that we are seeing now towards the 2322 weighted level. As long as ema5 remains above 2322, we can use our smaller time-frames and intraday levels to buy dips from this range. Our 1h chart has a gap open to 2365, which was just short by a few pips but as good as done and we have support at 2331 on the 1H chart. We will keep this in mind, as we track both charts. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2361 - DONE EMA5 CROSS AND LOCK ABOVE 2361 WILL OPEN THE FOLLOWING BULLISH TARGET 2385 EMA5 CROSS AND LOCK ABOVE 2385 WILL OPEN THE FOLLOWING BULLISH TARGET 2416 BEARISH TARGETS 2322 EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET 2290 EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE FOLLOWING SWING RANGE SWING RANGE 2274 - 2246 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFXby Goldviewfx2020197
Gold Gleams as Hedge Funds Go BullishThe price of gold futures surged yesterday, reflecting a rise in investor confidence in the precious metal. Gold prices climbed 1% to $2,358 per troy ounce, fueled by anticipation of upcoming inflation data and a significant shift in sentiment among hedge funds. According to a report by Barron's, hedge funds have been steadily increasing their bullish bets on precious metals, pushing net-long positions on the COMEX exchange to their highest level since April 2020, the height of the coronavirus pandemic. This newfound optimism from hedge funds stems from several factors. Inflation data due for release on Friday is a key driver. The Personal Consumption Expenditure (PCE) data is a metric closely watched by the Federal Reserve to gauge inflation levels. Investors are looking for signs that inflation may be peaking, which could influence the Fed's decision on interest rates. Historically, gold has been seen as a hedge against inflation. When inflation rises, the value of the dollar weakens, and gold becomes a more attractive investment. This is because gold tends to hold its value over time. If inflation is indeed peaking, this could signal a slowdown in future interest rate hikes, which would also benefit gold. Lower interest rates make holding non-interest-bearing assets like gold more appealing. SP Angel analysts, cited in the Barron's report, highlight the significance of the current surge in hedge fund bullishness. They point out that net-long positions on COMEX haven't been this high since the initial shock of the COVID-19 pandemic. This suggests a significant change in sentiment among institutional investors, who are now placing larger bets on a gold price increase. The recent rise in gold prices comes after a period of relative stagnation. Throughout much of 2023, gold prices hovered around the $1,800 per troy ounce mark. However, with inflation concerns mounting and the Federal Reserve signaling a potential shift in its monetary policy, gold has regained its allure as a safe-haven asset. Looking ahead, the upcoming inflation data will be closely scrutinized by investors. A confirmation that inflation has peaked could further bolster gold prices. However, if the data suggests inflation remains stubbornly high, the Federal Reserve might be more inclined to continue raising interest rates. This could dampen the recent rally in gold futures. Beyond the immediate impact of the inflation data, the overall health of the global economy will also influence the price of gold. Geopolitical tensions and economic uncertainty can drive investors towards safe-haven assets like gold. Conversely, a strong and stable global economy can lead investors to seek higher returns in riskier assets, putting downward pressure on gold prices. In conclusion, the recent surge in gold futures reflects a confluence of factors, including inflationary pressures, the anticipated direction of Federal Reserve policy, and a strategic shift among hedge funds. While the near-term outlook hinges on Friday's inflation data, gold's long-term trajectory will depend on the broader economic climate and investor risk appetite. Longby bryandowningqln1
Penny FlippingAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. Shortby THE_APIS_TRADER2
Flip FlopAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. Longby THE_APIS_TRADER1
Gold in pullbackMore volatility coming in. If you can catch a pullback in M1. I think its about to break the floorShortby UnderlayerUpdated 4
NATURAL GAS: Rejection on the 7 month Resistance.Natural Gas is only marginally bullish on its 1D technical outlook (RSI = 56.609, MACD = 0.187, ADX = 40.616) as it failed to cross over the LH trendline. At the same time, it is supported on the 1D MA200 having broken out for the first time since January 3rd. Long-term we remain slightly bullish on NG but on the short-term, we will wait for LH validation. If the price crosses above it, we will take a short term buy and aim for the R1 level (TP = 3.350). If instead the price crosses under the 1D MA200, we will take a short term sell aiming at the 1D MA50 (TP = 2.200). 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. ##by InvestingScope6
GOLD - SELLShort Term Trend is Bearish with Bearish Flag Breakdown. Entry on breakdown of Previous HL on IH TF. Shortby aliejaz7326
Gold Price ActionHello, Comes after a long time. I hope you're doing well. This is what I see: as the market moves downward, liquidity is created, and today's liquidity has already been swept, but there is still liquidity that has to be swept. However, as you can see, I've marked two Order Blocks and am targeting Bullish to Bearish OB with a tight stop loss. And there is a good likelihood that if it reaches that Bearish OB, it will move downward. So you guys do scalping within this range. Use a lower period for entry. Good luck and good trading. Thank you.Longby SuvashishFx3
XAUUSD Trade Breakdown (29th May 2024) XAUUSD TRADE breakdown Price broke through the 2348.03 level with a body candle close, invalidating the 5 minute Bullish OB as well as the 1 hour Structural low. Once price broke through a bearish 5 minute FVG at the 2349.02-2350.18 level. Price then retested the FVG and rejected, i entered a trade at the 2348.34 level as price retraced. and took SL TO BE the moment price dumped 20 Pips into profits. Price is ran a total a 124 pips partials taken and letting the rest run to FULL TP.by CallistoFX0
GOLD On the monthly chart, you can see a big bearish divergence (the blue and red arrows). That could give a good correction till the 200EMA (around 1350-1400) If we take the measurement from 2008, we had a correction of -33%. If we do this from the ATH to the 200EMA also we have a -33% (just a thought to keep in mind) Also there's a trendline. When and IF we will get there, that will be the push for the next leg up (IMO) Kind regardsby RonbatenUpdated 1
USOIL - NEW BREAKOUT ! After a huge bearish move (double top pattern) The USOIL reached the support level (77.98 - 76.82) and failed to break it! The price formed a rectangle pattern. Currently, The resistance level and line are broken. So, I expect a bullish move📈 ---------------- TARGET: 83.20🎯Longby Hsan_BenhmedUpdated 8815
ES UpdateI've been preparing for a relocation, so haven't been trading. Looks to me like RSI is gonna hit oversold probably tomorrow, then a Friday bounce.by hungry_hippo5
Gold potential resell zone at 71-76, buy zone at 35-40I´m giving a high chance for Gold to fall to 2335-40, then rejection upward again. If you decide to trade this plan, do not enter blindly on the entry lines. Entry lines are not a triggers for entering to the trade. It is a place where you should monitor the REACTIONS. If there is reaction, enter, if not wait till market will develop a pattern for entry-entries. If you are beginner, I´m always trying to update trades if-when entry conditions are met. Here or in our group. Wish you good luck. Shortby Rendon1Updated 8
XAUUSD: 2300+ PIPS Trade Idea in Making! Gold price rebound to 2365$ area before started to drop again, price reverse from a solid imbalance zone where price rejected strongly. After carefully, looking at the price behaviour it is likely to have a strong drop on gold prices in coming days. We expect price to continue dropping down until it reaches 2280 region where a strong reversal/rebound can be expected. So good luck and trade safe. **if you like our ideas then please do like,comment and follow for more.**Longby Setupsfx_181855