XAUUSD (GOLD) Multi Time Frame analysisWell, as you can see, the price managed to increase up to about $1680 yesterday, exactly from the range of $1660 that was mentioned, that is, nearly 200 pips of growth! Again, from the same range of $1680, the price faced selling pressure and fell again to $1660! The price again reacted positively to this level and is currently trading with 50 pips of growth in the range of 1665! Now we have to see if this level of support and demand zone can cause the price to grow again or not! one of the important supply zones is in the range of $1676 to $1680!
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👤 Arman Shaban : @ArmanShabanTrading
📅 09.20.2022
⚠️(DYOR)
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Brent
CRUDE OIL (WTI) 2 Important Breakouts 🛢
Last week was very bullish for WTI.
The price even managed to break and close above a solid horizontal supply zone and a major falling trend line on a daily.
The underlined blue area on the chart is a confluence zone based on broken horizontal and vertical structures.
From that, a bullish move will be expected to 97.0.
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XAUUSD Weekly TF Update : 10.09.22According to the latest analysis uploaded in the weekly time frame in TradingView, I expected a drop in that week from its highest level! There is a high possibility of more fall in the current week, so pay special attention to the analysis in the lower time frames!
Lower Time Frame Analysis :
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.09.2022
⚠️(DYOR)
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Is Crude Oil - WTI Really on a Hike?In the daily chart of WTI, we can detect a hidden divergence in MACD and price. Friday’s movement was strong but it was not significant to the strong yearly pivot resistance and stayed below 200 MA. It can be only a fake breakout. Yet, we shall observe every new detail closely.
If it fails at the 200 MA resistance, be prepared to go short. Unless the fundamentals of the Ukraine war take over and the panic pulls up the chart.
Brent tanking soonBrent is in a predominant falling wedge channel.
As I have mentioned this week, channels are always stronger than breakout patterns.
So we need the price to break below or above a certain level, before the price stops meandering...
The first target is to the top of the channel at $97 then down to $88 (channel).
If the price breaks below the channel then we could see a target of $67.65
I am bearish with Brent STILL.
CRUDE OIL (WTI) Key Levels to Watch 🛢
As I predicted, OIL is growing nicely.
Here is my fresh structure analysis & key levels to watch for you:
Resistance 1: 89.0 - 90.35 area
Resistance 2: 97.0 - 97.70 area
Support 1: 81.9 - 83.0 area
Support 2: major broken trend line
Consider these structure for pullback/breakout trading.
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Macro and TA is making Oil look ripe for an upward moveMacroeconomic trends with a rough heating season for Europe, the continued war in Ukraine, the internal troubles in Iran, and the most recent OPEC+ meeting makes the macro position for Oil look bullish.
Looking at the charts it looks likely that oil will challenge the downward trend that has persisted recent months and coming two days let us know if it'll begin a bullish upwards trend.
#BRENT update - Breakout confirmed, goes to $101Hi guys! 👋🏻
🔔 Brent crude price was squeezed in a descending triangle, and a breakout from the triangle was expected, so it happened as seen on the chart
🔔 Brent crude price is traded at $91 trying to hit the key resistance of $91.60 up ahead.
🔔 I do anticipate the price to slow down a bit when reaching the aforementioned resistance, however the path to $101 stays clear.
🔔 Opec+ will cut production by 1M, which is 3.4% of the current daily production volume.
✊🏻 Good luck with your trades! ✊🏻
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SELL USDCAD I will reenter this short again, with OPEC Cutting oil production by 1 million barrels/day CAD is set up for massive strength as oil will shoot. This is a great place to short. Use proper money management. Any manipulation to the upside will not exceed level 1.40000. All the best fellow traders.