Wti ( UsOil ) thats my idea about Wti up trend first , then going to down trend but if price break 95.5 its going to need an update .. by KhodeAlex1
XAUUSD TRADE SETUPWait for retest the entry level then take a trade for Sell otherwise skip this setupLongby JinnatAlamSumon1
XAUUSD A Great Selling OpportunityA Great Selling Opportunity Goals : - 2300 - 2200 - 2160 Shortby FXMHDHUpdated 5
GOLD - Important nonfarm news that has an impact?Like final night, I additionally commented and shared pretty truly approximately this week`s Gold Trend. >At this rate, I will watch to promote Gold in line with the MA newspaper's Trend and could await Nonfarm information this weekend. With the cutting-edge Gold price, you may talk over with the Gold Sell Watch on Zone 2338>234x And Canh Buy is withinside the Canh Buy resistance quarter 2322>2325 SL 2320 TP 2333>234x If Gold Pha can byskip thru 2320, anyone will Sell to the response of Zone 2310>2300 in line with the vintage resistance line.by TheLeader_WOLF2
Buy XAU/USD As the week begins, i am expecting XAUUSD to rally up to 2.379 and possibly go beyond it. It has already set a bullish reversal in motion, so we will need to watch out for a potential entry levelLongby Persy2631
USOIL DROP CONTINUE Hey there on 4hTF the USOIL has Looks After Reach Out 78 Then We Can Also set our Mind in Sell Area So If you are looking for again short then entry 78 and hold 73 Shortby DvsTraderfirm1
XAUUSD point of view My Analysis of the Gold (XAUUSD) Chart on the Daily Timeframe The gold chart has formed a double top pattern with a middle bottom, representing a neckline that serves as a strong support line. If this support is broken, there is a bearish target at the price level of 2206 or halfway down. If the price continues to fall, there is another target at 2181, provided there is a clear break below the retracement zone ending at 2200. In the case of a rebound from the neckline, we are looking at nearby targets due to a harmonic pattern formed on the hourly timeframe, with the first target at 2361. If there is a clear breakthrough of the initial retracement zone, which ends at 2395, there is a high probability of reaching the third target at 2434. A potential rebound from the double top trendline is possible; however, if this trendline is breached with a closing price above it, we are likely heading towards a new peak. The retracement zones have been identified using a special strategy based on Fibonacci analysis. Disclaimer : This analysis is my personal interpretation of the gold chart and all scenarios might not happen as predicted. This is not financial advice, and it should not be taken as such. Trading involves risks, and it is essential to conduct your own research and consult with a financial advisor before making any trading decisions.by AlmheiriAli1
MNQ 8H Sell to Buy Idea 4/26/24Since price didn't close above the mid-point of the consolidation zone & an 8H inverted hammer formed at market close, I am looking for price to run bearish at market open and then continue back bullish at some point. Personally I'm not looking for full sells OR actual bearish structure until around 17476 where the current lows in price are at. **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**Longby cecediditUpdated 3
Double Top on XAG/USD @ D1This double top pattern has formed on the daily chart of the XAG/USD pair (Silver) following a rather long bullish trend. It can be used as a downside breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline). My potential take-profit level is at the green line (100% of the pattern's height below the neckline). My potential stop-loss is not shown on the chart and will be set to the high of the breakout candle or to the high of the preceding candle if the breakout one trades mostly outside the pattern's borders. I won't be trading a bullish breakout from this trend-reversal pattern. Shortby AndriyMoraru2
Silver Quarterly MileStoneEven more impressive is that #silver can also lock-in a quarterly defined milestone. This time converting a "wall" at 27.50$ from resistance to support. 4 more trading weeks till quarterly close. Oh man... the suspense!by Badcharts1
xauusdthis week my prediction is short , just waiting for the best entry position. my tp is 2300. Shortby tura331
Xauusd potential moveHi traders I am seeing gold will reach its support in 2300 area before moving upwards to 2400 or even reach new high of 2500. I will continue update you with more details in the upcoming days! Good luck and happy profit!Longby andrey_kurniawan1
GOLD OUTLOOK I'm acticipating gold to drop to the inner trendline on the weekly time-frame. GOLD is in Overall BULLISH TREND. But the market has reached a higher point of a resistance level and right now we can see a Reverse Candlestick pattern at and level same with a Chart pattern ( Double Top pattern ) Shortby destinyesabu1
gold huge risk breaking 2300$ support1. still no lower low, breaking 2300 = lower low start of long term bearish trend 2. If it is lower low then it will create lower high = say goodbye to 2700$ for a while 3. it just 1 candle signal on 1H , 12H and daily, wont show on weekly or monthly yet so I don't know would monthly 2700$ target win the battle or notby salvanostUpdated 1
Gold Trading Plan Weekly 6/1/2024Gold 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. Longby SteadyFund4
The ONLY Strategy You Need to Identify The Market Trend In this article, we will discuss a proven price action based way to identify the market trend . ❗️And let me note, before we start, that no matter what strategy do you use in your trading, you should always know where the market is going and what is the current trend . Your judgement should be based on strict and objective rules that proved its accuracy. There are a lot of ways to identify the market trend. One of the simplest and efficient ones is price action based method . This method relies on impulse legs . The market never goes just straight up or down, the price action always has a zigzag shape with a set of impulses and retracements. The impulse leg is a strong directional movement , while the retracement is the correctional movement within the boundaries of the impulse. UPTREND 📈The market is trading in a bullish trend if 3 conditions are met: 1️⃣the price forms an initial bullish impulse , 2️⃣ retraces , setting a higher low , 3️⃣then starts growing again and sets a new high with the second bullish impulse . Once these 3 conditions are met, we consider the market to be bullish, and we expect a bullish continuation in such a manner. Take a look at a price action on USDCAD. According to the trend-analysis rules, the pair is trading in a bullish trend. DOWNTREND 📉The market is trading in a bearish trend if 3 following conditions are met: 1️⃣the price forms an initial bearish impulse , 2️⃣ retraces , setting a lower high , 3️⃣then drops lower and sets a new low with the second bearish impulse . Once these 3 conditions are met, we consider the market to be bearish, and we expect a bearish trend continuation. According to the rules, NZDUSD is trading in a bearish trend on the chart above. CONSOLIDATION ➖The third state of the market is called consolidation . The market is trading in a consolidation if the conditions for bullish or bearish trend are not met . The price chaotically forms bullish and bearish impulses, usually trading within the range . Above is the example of a sideways, consolidating market, where the price sets equal or almost equal highs and lows and conditions for bullish/bearish trend are not met. Knowing the current trend, one always knows whether a current trading position is trend-following or counter trend, or it is a sideways consolidation trade. Learn these simple rules and try to identify the market trend with them.Educationby VasilyTrader1111
Wick on fib lineA clear rejection on the 23.6% on fib I could see new ath very soonLongby aidenlevan1
XAUUSDHello traders. If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you. Happy trading!Shortby chachava_natalia5
Oil Down TrendMy first analysis on US Oil. We are in a clear downtrend on the monthly time frame and price continues to make lower lows on the lower tome frames (4HR - 1 W). Short term pullbacks offer selling opportunities. Keep in mind that over the following week we have the following news data: June 3 - June 7: Final Manufacturing PMI ISM Manufacturing PMI JOLTS Job Openings ADP Non-Farm Employment Change ISM Services PMI Unemployment Claims Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate Shortby TheForexMessiah3
Upcoming Week - Gold ShortsOver the following week Gold will face a lot of volatility from the following news events: Final Manufacturing PMI ISM Manufacturing PMI JOLTS Job Openings ADP Non-Farm Employment Change ISM Services PMI Unemployment Claims Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate DXY has held its ground over the past few weeks despite negative news. International Political Impact: Joe Biden reveals multi step plan to end the Isreal Gaza conflict. (Expect Gold to drop if approved by both parties) - Source: SKY News, BBC News, Financial Times. A challenging week up head guys, good luck!Shortby TheForexMessiah5
GOLD: Will Start Growing! Here is Why: Balance of buyers and sellers on the GOLD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals113
USOIL BEST PLACE TO BUY FROM|LONG Hello,Friends! Bullish trend on USOIL, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 78.53. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignals113