silver head n shoulders 15 min!Expect a bull market in the silver Since things are getting crazy. People want substance. See my other chart on wartime silver silver then and now. Longby Nobueno0
Gold maintains upward bias on Iran and Fed speak? Gold maintains upward bias on Iran and Fed speak? Gold surged at the beginning of the week due to escalating geopolitical tensions, reaching a new all-time high of $2,450. However, it has since retreated slightly but perhaps maintains an upward bias. The rise in gold prices could have been fueled by news of the deaths of Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir Abdollahian in a helicopter crash. U.S. Defense Secretary Lloyd Austin stated that he did not foresee any broader impact on regional security. Although, according to Sky News there are concerns that groups within Iran, including an offshoot of Islamic State, might attempt to exploit the situation. Mohammad Mokhber has been declared Iran's interim president. Despite the initial surge, improving market sentiment caused XAU/USD to erase most of its daily gains, but it remains above $2,400. Further downside could see key support levels come into play like Friday’s low of $2,374 and the 21-day Simple Moving Average (SMA) at $2,340. If geopolitical concerns intensify, gold could rise further, with $2,500 serving as a psychological resistance level. Technically, gold is moving away from overbought conditions, which could attract buyers and support further gains. Elsewhere, Atlanta Fed President Raphael Bostic reiterated that his forecast for the Fed’s interest-rate policy remains unchanged, expecting one rate cut in the October-December quarter. Vice Chair Michael Barr echoed this sentiment, stating that the Fed should maintain steady interest rates, citing disappointing CPI data from Q1 as a reason for caution. by BlackBull_Markets1
3 contracts Short on PlatinumBreakout of trendline | Fib retreacement | Short trend till 966 in order to close the previous inefficiency.Shortby TheTopHeartLady0
USOIL WTI: Bullish Momentum Ahead? - May 8, 2024Hey traders! 📈 Let's discuss the current outlook for USOIL WTI: 🔍 Technical Insight: We've observed a compelling development in the WTI market as it recently touched the lowest point within the current uptrend channel, dipping below the golden pocket levels. This move prompts a closer examination of the prevailing market dynamics. 📊 Daily Timeframe Perspective: Zooming out to the daily timeframe, the overarching trend remains bullish, reflecting the resilience of the oil market. However, it's crucial to note that a consolidation phase appears to be underway. Such periods of sideways movement often precede significant price actions. 🔄 Awaiting Breakout Momentum: One notable aspect in recent days is the absence of substantial price movements, typically characterized by WTI's propensity for $3 or greater swings. This prolonged consolidation phase suggests that a significant move may be expected in the upcoming days. 💡 Anticipated Market Activity: Given the historical tendencies of WTI, we anticipate a breakout from this consolidation phase in the near future. Such a move could potentially signal the resumption of bullish momentum or a reversal in the prevailing trend. 📈 Trading Strategy Consideration: For traders, exercising patience while monitoring price action for signs of breakout momentum is paramount. Deploying appropriate risk management strategies and remaining adaptable to evolving market conditions can help navigate uncertainty. 🔔 Key Takeaway: As we await clarity on WTI's next directional move, it's essential to stay vigilant and prepared to capitalize on emerging opportunities. Whether it's a continuation of the uptrend or a reversal, flexibility is key to navigating the dynamic oil market. 🛢️ Closing Thoughts: In conclusion, while the current consolidation phase may signal a temporary lull in market activity, the potential for a significant move looms on the horizon. Keep a watchful eye on price developments and be ready to adjust your trading strategy accordingly. Longby ExpateUpdated 5
xauusdwhat if 5th has just finished? 2.618 of wave 1 we have a perfect count ending at a multi decade tl. very much of opinion we have 3k on cards but this cannot be ignored! 50% 62% would be targetsShortby leeada2016111
XAUUSD (Gold) - Bullish OutlookGold is Bullish with No Sign of Reversal as per Technical. As far as Fundamentals are concerned, Weak Economic Data (Dollar) favors Safe Heaven. 79% Bullish on COT Analysis Report (Increase in Buying has been observed). Geopolitical concerns have played a significant role in driving gold prices higher. The recent helicopter crash involving the Iranian president initially spooked traders, highlighting the ongoing tensions in the Middle East. Moreover, the massive borrowing undertaken by governments worldwide has raised concerns about the stability of fiat currencies, further bolstering gold’s appeal as a safer asset than credit instruments. Global credit issues have also contributed to the shift towards gold, with investors viewing short-term dips in gold prices as buying opportunities amid the overall upward momentum. Expectations of interest rate cuts by the U.S. Federal Reserve have been another key driver of gold’s rally. Lower-than-expected inflation data in the U.S. has suggested a downward trend, fueling speculation about potential rate cuts. This, coupled with steady U.S. Treasury yields and a weakening U.S. Dollar, has created a favorable environment for gold prices to climb. Additionally, global economic factors, such as China’s measures to stabilize its property sector, have contributed to the positive sentiment surrounding gold.Longby DowOracleFx2
XAUUSD (Gold) - Bullish OutlookGold is Bullish with No Sign of Reversal as per Technical. As far as Fundamentals are concerned, Weak Economic Data (Dollar) favors Safe Heaven. 79% Bullish on COT Analysis Report (Increase in Buying has been observed). Geopolitical concerns have played a significant role in driving gold prices higher. The recent helicopter crash involving the Iranian president initially spooked traders, highlighting the ongoing tensions in the Middle East. Moreover, the massive borrowing undertaken by governments worldwide has raised concerns about the stability of fiat currencies, further bolstering gold’s appeal as a safer asset than credit instruments. Global credit issues have also contributed to the shift towards gold, with investors viewing short-term dips in gold prices as buying opportunities amid the overall upward momentum. Expectations of interest rate cuts by the U.S. Federal Reserve have been another key driver of gold’s rally. Lower-than-expected inflation data in the U.S. has suggested a downward trend, fueling speculation about potential rate cuts. This, coupled with steady U.S. Treasury yields and a weakening U.S. Dollar, has created a favorable environment for gold prices to climb. Additionally, global economic factors, such as China’s measures to stabilize its property sector, have contributed to the positive sentiment surrounding gold.Longby DowOracleFx0
Timing is the hardest part...But per my previous post. 23ish... I said 2025 last post. Could be August. Different time frames post different targets. Time will tell the tale. Shortby ENIGMA1440112
xauusdBuy on gold due to the fibonacci ratio at 50, price is generally on an uptrend.Longby mandelan6821
2475 Here we come .... Rocket Fly Fly FlyThe market is eyeing 2450 and 2475 ... Just retesting for a while. Major Resistance : 2450 and 2475 Major Supports: 2425, 2417 and 2407Longby SwiftTradr0
XAGUSD - SHORTXAGUSD - SHORT Look for sell setups and risk small. always use SL xagusd should drop or give a big correction for one more up. V.RaguShortby Ragunath-London1
XAUUSD - SHORT (40$ MOVES)XAUUSD - SHORT (40$ MOVES) look for sell setups and enter, risk small and always use SL, there is uncertainty in the world, so gold can shout up too, risk small and trade with care. V.RaguShortby Ragunath-London5
YM short after sweeping Previous Week HighWe beautifuly took out Previous week high 20 points above! not random! Manipulation mapping with Distribution didn't dissapointed. 👁🗨 SMT divergence with ES was also very good confluence to do short-term reversal. Study that as me! Educationby Keclikk1
YM short after sweeping Previous Week HighWe beautifuly took out Previous week high 20 points above! not random! Manipulation mapping with Distribution didn't dissapointed. 👁🗨 SMT divergence with ES was also very good confluence to do short-term reversal. Study that as me! Educationby Keclikk1
YM to ATH!YM possible low of the week right know. took out 30 points below old low and tapped H4 BISI and H4 IFVG.Longby Keclikk1
This is the LONGTERM TOP of GOLD We should start dumping GOLD and all Crypto mid yearShortby rasaqdayo3
Fundamental & Technical analysis on USOILMay 20th 2024 Fundamental: Were seeing a up tick in Non-comm Long and Short positions being held. Shorts are increasing at a faster pace. The Net positions is positive and holding steady. Commercial (Hedgers) short positions is increasing significantly quicker then Longs, Net position is negative and decreasing/holding. Technical: I'm expecting to see consolidation for the coming week/s between 78-81 with price action making a lower high causing a fake EMA cross over to the upside and setting its self up for more down side. Entry Criteria: For me to consider a entry i have to keep seeing Short positions increase for both Non-comm and Comm in the coming weeks as well as Non-comm Longs decreasing. Ideally for Price action i want to see USOIL consolidate then make a lower high before its leg down (BLUE), there's the possibility it makes the lower high without consolidating (RED) but I do need to see the 5 EMA cross down the 20 EMA while Momentum is negative and the Stochastic is crossing down 50%Shortby Iateyourcroissant0
Profited $12K, short gold after reboundToday we have made very good profits in both long and short gold transactions. First of all, we shorted gold today near the 2446 position. Gold successfully hit TP: 2430 during the short-term decline; after gold hit the 2407 position, it stopped falling and rebounded. We then went long gold near the 2410 position, and we manually closed the position above 2420 to make another profit. In today's transaction, I made a total profit of more than FWB:12K , which is considered a good trading result! So is gold expected to continue to hit 2450 or even higher? In fact, as far as the short-term market is concerned, gold has continued to fall, and the signs of short-term peaking are relatively obvious. It is unlikely that it will hit a new high again in the short term.Gold has fallen from its highs and a large number of profit-making orders have been realized. Gold may even fall further. Next, we will first focus on the 2405-2400 support area. If gold falls below this area, gold will truly establish a top trend and continue its decline. Therefore, in terms of subsequent transactions, if the market does not stabilize, do not go long gold easily. We will mainly focus on shorting gold at high levels, focusing on the 2430-2435 area at the top; focusing on the gains and losses at the 2400 position below. Trading requires courage and even more decisiveness. Execution is the only criterion for profitability.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
USOIL:Buy@79, target 80Affected by the geopolitical situation, crude oil bulls still take the initiative. Although there was a wave of correction after the failed move to $80, another rise is likely in the short term. Once it breaks through the 80 integer mark, it will continue to test the resistance near $82 upwards. The profit margin is still very large, and it is worth buying during the correction. Don't blindly go short before reaching 82. After all, bulls are now dominant and the risk of going short is high.Longby Get-rich-signalUpdated 335
XAUUSD: The US market rebounded to the 2440-2450 area SellToday is a special day because there are many major events that have happened and are about to happen, especially in geopolitics. Each event is of heavy weight and may trigger a major global chain reaction anytime and anywhere. People have to beware of and Notice. Affected by international geopolitical events, the helicopter on which Iranian President Raisi was riding crashed, causing gold to hit a record high again today. The price of gold does not rule out the possibility of reaching 2,500 in the future. As for the short-term peak today, the trend started to fall after rising high, the rebound began to weaken, and the room for adjustment may increase. You can wait for the U.S. market to rebound to the 2440-2450 area to continue high SellShortby Get-rich-signalUpdated 10
$SILVER IH&S ConfirmedThe $34.55/oz line will really be insane when we cross it- and we're painting a bull flag on the 4hr that goes right past it to $35/oz, which puts us at prices not seen since 2012 Near term, bulls appear to be winning through sell wallsLongby httpz1
Low Risk - High Reward for PaladiumTime to buy at currents levels. Its a good chance to enter and looking for a high reward and the next days. Good luckby richard7_Updated 5