CRUDE OIL Support Ahead! Buy! Hello,Traders! CRUDE OIL is going down To rertest the horizontal Support below at 75.97$ And after the retest we Will be expecting a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals112
Hopefully this analysis and advice will help you make moneyHello, friends From the daily chart, after the US market experienced a wash-out trend on Friday, the direction and space of gold have been opened, showing an obvious weak and volatile trend. A triple top was formed near 2360. Multiple pressures from above may suppress gold bulls again. At present, there is a great possibility of a sharp decline. The support below will first focus on the competition near the daily low of 2320. If it breaks effectively, it may fall again to the previous low of 2309 or even the 2300 mark. The daily level this week belongs to the consolidation and correction after the decline. The weak rebound in the first two trading days did not have much room. The price encountered resistance at 2360, and the rebound above the middle track was difficult to continue. In the second half of the week, the market fluctuated and fell, and the pressure of the middle track was obvious. The low point gradually broke down to 2325-2320. MACD formed a dead cross, and the green column continued to increase in volume. Next week, we will continue to maintain the idea of shorting at a high level. From the 4-hour chart, after hitting 2360, the gold price has fallen back to 2330 for consolidation. Although the price is still running above the lower track of the Bollinger Band, the 5-day moving average and the 10-day moving average, as well as the middle track of the Bollinger Band, have turned downward, which undoubtedly suppressed the upward momentum of the bulls. In addition, the MACD indicator maintains a dead cross, the green column potential begins to increase, and the KDJ dead cross runs downward. The overall 4-hour level should be dominated by shorts. Overall, gold is about to break the box and oscillate, and start a large unilateral downward trend. Although the oscillation is uncomfortable, it is about to end and usher in a trend market. I suggest relying on the suppressive effect of the 4-hour mid-range track on gold prices to go short, and it is expected to rebound to around 2340 to go short. This wave of rebound is difficult to touch the daily mid-track. Once it does, it will plummet in a straight line, which is very stressful. Even the 2340 support level, which is difficult to fall below during the day, has been broken, and now it has become a good position to stop short sellers. At present, the 50-day moving average continues to move downward, and at the same time presents an obvious double top pattern. The high-altitude strategy is still the first choice. The daily level is still on the edge of the cliff. Be prepared to welcome new support at the 2300 level next week. Happy tradeby Frederic-FUpdated 2
bullish goldthe metal failed to break through the dynamic trendline showing a decline in short volume at the support level signalling a reversal to the upside .Longby tafchidzy2
GOLD down 0.17%, focus on GDP and Williams' speechThe benchmark 10-year US Treasury bond yield increased more than 1% yesterday and is currently in the Asian trading session today May 30, also increasing 0.09% and surpassing 4.6%. , causing gold prices to lose support and continue to decline. Gold spot price OANDA:XAUUSD currently reported at around 2,334USD/oz, a decrease equivalent to 0.17% on the day. After the price of OANDA:XAUUSD reaching a new all-time high, it encountered a sell-off and fell back to more than 120 US Dollars an ounce from a high of 2,450 USD/ounce. The recent trend of the United States maintaining high interest rates for a longer period of time will support the US Dollar and high US bond yields, putting some pressure on the precious metals market. However, from a more general perspective if the Federal Reserve begins to cut interest rates in the future, it will significantly support gold prices. In addition, with the support of factors such as central banks continuously increasing gold purchases and the increasing instability of the global geopolitical situation, the potential for gold prices to increase in the near future still remains. Federal Reserve (Fed) officials have made hawkish comments, stimulating demand for the dollar recently. As a result, market sentiment worsened and the US Dollar increased in value. Traders were still absorbing hawkish comments from Federal Reserve official Neel Kashkari on Tuesday. He said Fed officials are not ignoring interest rate hikes, adding that they could cut rates up to twice by the end of 2024 in case they do. This week, traders are preparing to release April's personal consumption expenditures (PCE) price index, the Federal Reserve's preferred measure of inflation. Core PCE is expected to increase 2.8% year-over-year, while overall PCE is expected to increase 0.3% month-over-month. If data shows a rise in inflation this will boost sentiment to keep interest rates high for longer. This situation is negative for gold prices because the opportunity cost of investing in non-yielding assets such as gold is increasing. This scenario will be beneficial for interest-earning assets and US Dollar yields. During this trading day, traders should also pay attention to the US GDP Index data, Initial Jobless Claims and Speech by FOMC member Williams. Analysis of technical prospects for OANDA:XAUUSD After the gold price failed to break above the trend (a) note to readers in previous issues it came under pressure and fell back to test the initial notable support level at 2,324 USD. It is worth mentioning that the gold price has fallen below the EMA21 level, providing favorable conditions for a bearish outlook in the near future. If gold falls below the initial support at $2,324 it could continue to decline towards $2,305 – $2,300 in the short term. The relative strength index (RSI) is still pointing down without reaching the oversold level, which shows that there is still technical room for downside. Only when gold moves above the trend will it have enough conditions to continue to recover and increase in price. For the rest of the day, the technical outlook for gold prices leans towards the possibility of a decrease in price with notable positions being identified. listed as follows. Support: 2,324 – 2,305 – 2,300USD Resistance: 2,340 – 2,345 – 2,353USD 🪙SELL XAUUSD | 2379 - 2377 ⚰️SL: 2383 ⬆️TP1: 2372 ⬆️TP2: 2367 🪙BUY XAUUSD | 2306 - 2308 ⚰️SL: 2301 ⬆️TP1: 2313 ⬆️TP2: 2318by Xayah_tradingUpdated 3
Maybe you could use this analysis and advice!Hello, guys WTI Crude Oil turned bearish on its 1D technical outlook (RSI = 39.681, MACD = -1.020, ADX = 30.568) but remains neutral on 1W (RSI = 46.231) as it is approaching again the 1W MA200. That is a critical Support as not only it is untouched since February 5th but is the long term level that Oil has been bouncing aggressively on since March 2023. We look towards a Rectangle consolidation-accumulation as the last two times that the 1W MA200 was tested. We will buy on S1 and target the R1 level (TP = 80.60). Until we close over the 1D MA50, our strategy is to scalp this range. Happy tradingby Frederic-FUpdated 1
Maybe you could use this analysis and advice!Hello, guys Gold didn't close the month with red candle. There is still potential for rising. But it needs to touch the broken resistance around 2160. I will still expect falling wedge (triple top) formation on weekly for month of June, if next week close at green bar. Expect falling then rising for Gold next week. Do you thinkby Frederic-FUpdated 2
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
XAUUSD: Trend in 2H timeframePlease pay special attention to the accurate trend, colored levels, and red level as SL. >>>>>>>>>>>>>>>>>>> The setup is very sensitive <<<<<<<<<<<<<<<<<<<<<<<< Be careful BEST MTby MT_TUpdated 3
Get support from Middle East, GOLD recovers, bound by EMA21Complicated geopolitical developments are counterbalancing the Fed's recent stance to support gold prices. On the one hand, the Fed strengthens the Dollar compared to other major currencies. On the other hand, gold is also supported. Support when potential market risks are likely to flare up and increase the attractiveness of Precious Metals that do not generate yields. Notable news in the Middle East According to the British news network "Middle East Eye", citing Israeli media on May 27, Egyptian and Israeli soldiers exchanged fire at the Rafah border gate on the border between Egypt and the Gaza Strip that day. An Egyptian soldier died in the fire. The incident was first reported by Israel's Channel 13 and Channel 14, which they called "unusual". Regarding details of the incident, it was reported that Egyptian soldiers opened fire on an Israeli truck at the Rafah intersection and Israeli soldiers returned fire. But this statement has not been officially confirmed. Amid the deteriorating situation in Rafah, this news sent safe-haven gold rapidly higher. However, gold also needs more of these types of impacts to reach its original price of $2,400. Egypt's independent English-language newspaper Daily News cited sources as saying Egyptian soldiers were affected by last Sunday's "Rafa massacre", in which Israeli bombings destroyed a refugee camp in Rafah, killing 45 Palestinians. The Israel Defense Forces said a "shooting incident occurred" on the Egyptian border early Monday morning and that it was investigating the incident and that "dialogue with Egypt is ongoing." A spokesman for the Egyptian Armed Forces also confirmed the exchange of fire late Monday, saying that an Egyptian soldier was killed in the incident. In addition to closely monitoring the situation taking place in the Middle East, traders also need to pay attention to developments from the ongoing conflict in Ukraine, etc. Basically, traders need to pay attention to everything. Regardless of any major geopolitical developments happening globally, gold is an asset that easily reacts to sudden news on the market. In recent history, the US-China Trade War, developments in the Middle East at the end of 2019, the Ukraine conflict, and now continuing the war in the Middle East... have all created huge mutations in the world. gold market. During this trading year, we “traders” need to get used to gold moving 2-3% or more in a day, which will happen even more frequently in the near future. Every time a conflict shows signs of escalation, the price of gold creates a new era peak! Analysis of technical prospects for OANDA:XAUUSD Gold is trying to operate around the EMA21 level as it recovers from the technical level of $2,324, which readers noticed in last Friday's edition. However, the recovery momentum is limited with EMA21. For the gold price to technically qualify for upside, it would at least need to break out and return to operating above the trend and near-term target level followed by the 0.236 trend-following Fibonacci extension %, more than the original price of 2,400USD. Meanwhile, gold is at risk of a further decline if it sells off below the $2,324 support level with a target then around $2,305 – $2,300. Therefore, open long positions should be considered protecting behind the $2,324 level as a reasonable position. During the day, the trend of gold price is neutral with price activity intentionally sticking around the EMA21, and the technical levels of interest will be listed as follows. Support: 2,345 – 2,324USD Resistance: 2,384 – 2,400USD 🪙SELL XAUUSD | 2389 - 2387 ⚰️SL: 2393 ⬆️TP1: 2382 ⬆️TP2: 2377 🪙BUY XAUUSD | 2345 - 2347 ⚰️SL: 2341 ⬆️TP1: 2352 ⬆️TP2: 2357by Xayah_tradingUpdated 4
Crude Turning BearishAs shown above, Expecting a reset of previous support zones. Shortby User-Optimized1
Update the latest gold price today!Hello everyone, Brian here. Today, gold is closing at $2,327. We've seen a slight decline towards the end of the day following the Personal Consumption Expenditures (PCE) Price Index report for April, which showed a 2.7% increase year-over-year, matching market expectations. The core PCE Price Index for April also rose 2.8% compared to the same period last year. From a technical perspective, gold continues to develop above the 34 and 89 EMA lines, indicating a strong upward trend for the year. However, it seems that gold needs considerable momentum to reach its target. Buyers need to protect the support level at $2,285 to reestablish the upward momentum.by Trader_BrianFX2
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
GOLD CONTINUES TO DECLINE, WILL THERE BE A REVERSAL IN THE NEAR Hello valued readers, this article will provide you with accurate news and predictions about today's gold market. The world gold price has generally decreased by -0.71% over the past 24 hours, corresponding to a decrease of -16.58 USD/Ounce. Information regarding inflation indices in the US has adversely impacted the financial markets. Wall Street has witnessed a downward trend upon opening, with no signs of easing price pressures in the world's largest economy. The Gold chart on the 4-hour timeframe, used to assess short-term trends, is showing a series of decreasing peaks and troughs, indicating a short-term downtrend and a tendency towards selling rather than buying. However, the medium and long-term trends of the precious metal continue to rise, indicating a high likelihood of recovery. A decisive breakthrough back into the upward trend is needed. Longby Jesscica1
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
GOLD - Falling WedgeGold's current Falling Wedge Reversal pattern presents an excellent opportunity for traders to capitalize on a potential upward movement. By waiting for a confirmed breakout above 2334 , or alternatively entering at the support level of 2320 , traders can strategically position themselves for potential gains. Ensuring a stop loss at 2316 will help manage risk and protect capital. Longby me22_Updated 6
XAUUSD: Possible Early Price Mitigation! Dear Traders, OANDA:XAUUSD we have updated our views on gold, in our opinion price is likely to continue the bullish momentum from this moment onwards, next possible targets are 2390$ and 2450$. However, if current strong resistance upholds then price can drop 2290$ or 2280$ region can be strong opportunity where buyers can strongly rebound. **If you like our ideas then please like, comment and follow us which will encourage us to bring more educational ideas** Team SetupsFX_Longby Setupsfx_2213
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 $2219.Shortby arongroups1
Natgas - rebound phase - shortI want to be honest.. The rally long was a surprise for me, I expected a long phase but without this momentum. It was really strange because we have a big storage increase more than last year and I expected a long phase but more flat. so I think now we can have a rebound of price until support area more or less 2$ before the last long (if we will have). The doubt if we have close or not the wave C .. In any case I try a short position with small size and small risk. Stop 2.8$ target 2$Shortby flyhorseUpdated 1124
DeGRAM | GOLD breakout of the trend lineGOLD again failed to hold the previous ascending channel and dropped into the next one. The chart is trading near the trend line. The price is under the 62% retracement level. We expect the decline to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 9949
Gold repeats History!You better don't miss out on this one! She almost reached her zone around the 79%. Where it is a good point to buy as you can see in the history.Longby ProcessAndIntercept3
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
XAUUSD zonetozoneWait for BOS with candle close, if it pulls back take any other zone with Exit 1 at the next zone. 300 pip SL Shortby UnderlayerUpdated 1
Gold Trendline and Channel Breakout Waiting Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters2000Updated 5