XAU SHORTIf it breaks the dynamic support line, it will go down. Be ready for short positions. :)Shortby babakazar300
XAU/USD: Gearing Up for a Golden Breakout Hello traders! Price is currently around $2,333.13, above the 21 EMA indicating potential bullish momentum. The price has been consolidating and is now breaking above the 21 EMA, suggesting a build-up for a potential upward move. Key Levels: Support: $2,322.84, $2,300.00 Resistance: $2,327.63, $2,348.94 Entry Strategy: Long Position: Look for a strong bullish candle closing above the current price level ($2,333.13) and above the resistance at $2,327.63 for a confirmation of bullish momentum. This would be your entry point for a long position. 🎯 TP1: $2,327.63 TP2: $2,348.94 Stop-Loss: Set your stop-loss just below the support level at $2,322.84 to maintain a solid risk/reward ratio. This will protect you in case the market decides to turn bearish. Monitor price action closely and adjust your strategy based on real-time market conditions.Longby SheenaL0
#202425 - a weekly price action market recap and outlook - oilGood Evening and I hope you are well. wti crude oil futures Quote from last week: bull case: The best the bulls can hope for, is for the lows to hold and to move sideways and hit the daily ema again. They failed at keeping it above 75, which was huge support. Last bear leg inside this bigger trading range was 11 weeks long from high to low and we are currently at 9 weeks. Bulls will want to find support here around 70-72 and trade back up to at least 78 over the next 8-12 weeks. comment: After Monday there was no question that bulls took control again and the bear trend is over. Bears now fight to keep this a lower high and retest the 72.48 low but for now, market is in balance around 78. Bulls want to break out of the bear channel and test 80 again. current market cycle: trading range key levels: 72-79 bull case: Strong week by the bulls with 3 pushes up but still a lower high. Their next target is to get back above 80.22. Right now they have momentum going but big down, big up mostly creates confusion and that means trading range. Above 79.5 I will probably long for 80. They need to stay above 77 or odds favor a retest of the lows below 74. Invalidation is below 77. bear case: Huge bear surprise the week before and now a big bull surprise. Most reasonable thing here is for the market to move more sideways, probably still inside the very big triangle 73 - 81.5. If bears get below 77, they want to retest the lows below 74, which is also what I think has the slightly better odds next week but I would wait for confirmation. Invalidation is above 80.6. outlook last week: “Neutral because I think we will hit the daily ema again and a retest of 72.5ish. I am not a fortune teller so I don’t know which comes first. I will watch the price action and give daily updates here on substack and intraday in my trading room.” → Last Sunday we traded 75.53 and now we are at 78.45. I said we will hit the daily 20ema which was 140 upwards. On Monday there was no question we will get there, so I hope you made some. Did not expect bears to just disappear afterwards and let the market trade above for the whole week. short term: Neutral right under the bear channel line and daily ema at 77.5. Can break to either side. medium-long term: We are seeing the big triangle playing out between 72 and 82. The high of the triangle got tested until mid of April and we have now tested the lows around 72.5. Market will probably move more inside this big range until we get a new big cycle to either side. —unchanged current swing trade: None chart update: Adjusted both two-legged corrections to fit the current pattern better but the C target is very questionable as of now. We need more price action to know where market wants to go from here.by priceactiontds0
Do not miss the latest trading advice on crude oilHello, friends Details: Wave 1 black (Cycle Degree) was completed at 67.68 as Impulse Wave and Wave 2 black (Cycle Degree) was completed at 67.68 87.60 as Double Zigzag. Wave 1 green (Primary Degree) was completed at 72.43 and prices have been developing and retracting to Wave 2 green (Primary Degree) as expecting target at Fibonacci Level 0.5-0.786 Invalidation Point: 72.43 Trading Opportunity: Wait for Wave 2 green (Primary Degree) complete and find a chance to entry the orders while price declines to Wave 3 green (Primary Degree) Happy tradingby Machine-traderUpdated 0
XAUUSDOur fundamental analysis is bullish for gold, thus i will be mainly focusing on buys next week. The key level to focus would be our previous H1 FVG + Resistance level at 2339-2343.5. If price rejects this level, we could see a bearish pullback back into our range to collect more liquidity. However, if price breaks above this zone, we could see a bullish breakout towards our H4 BB + FVG + OTE overlapping zone at 2354-2366.5. This is a huge zone, so if price taps into it, i will monitor for potential sells only if we see a bearish CHoCH and a bearish FVG to give us confirmation that sellers have step into the market before we look for potential pull-back entries. Higher probability buys at our H4 flip zone 2319.8-2313.6. We dont have many big news next week except for PMI on friday. Thus, lets focus on smashing the markets. DISCLAIMER : SHARING BEST ANALYSIS BY BEST TRADER ORIENTFX. NOT BY ME. by Freddy_880
Gold AnalysisThis is not a trade advice but rather our own view on the Gold. So , what we are sharing here is not an invesment advice. In this post, we analyse the Gold and it potential future bullish move.by yvanolinga0
XAUUSD SHORTFor now we are at a bearish line, i thing this week gold goin up to 2380 or 2388 and from there it going down. Anyway we do not doing any sell of gold and we are looking for good places to buy So i thing the 20140 to 2156 zone is the best place to buy long position for gold and 2133 is your stop lose.Shortby samisalar1
Gold best ideawww.tradingview.com Gold is trading in trading channel which is showing price movement during the last few days by joestar951
GOLD Next week expectation #XAUUSD Next week..! This week gold reached the resistance zone 2238.00 - 2241.00 area. And pull back to 2295.00 level. Already pullback with the trend line and i Expect gold will be ready to retest the 2281.00 -2286.00 support area. If unfortunately broke the current resistance I expected the price will make a bullish movement and will reach for 2368.00 - 2376.00 level. Shortby chamitha450
Bullish GoldExpecting a retrace to form a low so that we push towards the upper resistance of the trendline expecting this move during london session tomorrow Longby Zim_10
Bitcoin Inverse Head And ShoulderHey! I am watching this for Bitcoin. Should happen over the summer. Stay profitable out there.by High_Altitude_Investing0
NQ - Points of interest for a quick bullish scalpNQ keeps on grinding upwards. I am cautious about shorts. These are points of interest where I will consider quick 5-10 point scalps. Longby DayTradingDragon111
Corn Finishing Flat Formation Corn appears to be near the end of wave C of a flat. There is potential for greater decline before the next wave up, but all price targets have been met for a running flat so prices could reverse at any moment.Longby epistemophiliac1
Gold reacting to resistance line $2400 before Distribution phaseThe chart suggests a strong uptrend in gold prices with potential resistance around 2454.2 USD. Monitoring how the price behaves at this resistance will be crucial for future predictions. A break above could signal further bullish movement, while a reversal could indicate a pullback to lower support levels. Bullish Scenario: If the price breaks above the high resistance level of 2454.2 USD, it could indicate a continuation of the uptrend, potentially reaching higher levels within or above the channel. Bearish Scenario: If the price fails to break above the resistance and reverses, it may pull back to the nearest support level around 2174.6 USD or even lower to 2073.9 - 2011.7 USD.by EQDailytrading0
CL - Weekly Forecast - 17 June 2024I have a bullish bias for CL in the weeks ahead. My entries and targets are shown in the video. Long04:03by TraderRiz0
GC / Gold / XAUUSD 4hr narrative for 17-Jun - Price has retraced from ATH back to the origin of the move. - 2nd tap sent the price up on 13-14 Jun. - Some retracement expected back to the imbalance 2332 before it goes higher with perhaps the next strong rejection at the imbalance 2368.Longby DayTradingDragon0
XAUUSD Trade Outlook for 17/6/24-24/6/24Gold (XAUUSD) outlook for the Week 17/6/24- 21/6/24 HTF: After price created ATH at $2450, we have thus confirmed a bearish divergence on the daily. Expected low to go at $2277. MTF: 4H has given us sufficient bearish confirmations. However, note that until this daily low of $2277 goes, bullish pressure could still come in at any point in time, as we are bullish on HTF. Outlook for the week: Look for shorts and target $2277. Capitalise on short-term bullish pressure for longs when they present themselves. Shortby SeraphimFX0
GOLD OUTLOOK (UPDATE)Gold is generally still bearish, but we might see price invalidate the high we expected to sell of from in the previous post. This is because Friday's Candle created an OB signifying higher prices. This means that price could most likely use the previous high as Inducement into the FVG above on the 4HR TF because selling. Also, (I missed this before) but price is at the 50% Fibonacci level. This means that, the high is most likely Inducement. Let's see what plays out. What's your thought?Shortby pelumiajilore630
input condition Direction is downinput condition Direction is down. My 5m also waitedShortby ganbatoyunbat0
ES - Weekly Forecast - 17 June 2024I have a bullish bias on the ES (e-mini sp500) for the next few weeks ahead Buy entries and targets are in the videoLong03:58by TraderRiz0
#XAG This is a chart showing my expected outlook for the upcoming move Do not take it as a recommendation to buy or sellby AlGhamdii_90