Gold prices fell late in the North American session on Tuesday amid a strong US Dollar but despite falling US Treasury bond yields. Market participants await the US Federal Reserve’s (Fed) monetary policy announcement on Wednesday, followed by a press conference by Fed Chair Jerome Powell. Meanwhile, XAU/USD prices are set to remain near $2,150 as traders remain...
USOIL / 1D
Hello traders, welcome back to another market breakdown.
Crude Oil traded lower earlier in the week after a small pullback bear trend.
The bears got 3 pushes down, forming a wedge pattern.
They want a retest of the June or May lows, followed by a breakout below.
The bulls see the current move down simply as a bear leg within a trading range.
They...
#XAUUSD The Fed will announce its interest rate decision in two hours. There is a high probability that interest rates will remain unchanged. However, the Fed's announcement of interest rates will be accompanied by market sentiment and the upcoming Powell's speech, which will cause sharp fluctuations in gold prices.
Currently we can see the red trendline forming...
Crude Oil NYMEX:CL1! !
Let's delve into a crucial chart, our beloved Crude Oil (CL1!) Futures Contract. Starting the count post the pandemic dip, we've completed a 5-wave cycle reaching $130. After a subsequent drop, the Wave C formed in March 2023. Following that, in my analysis, we've crafted an upward Wave X around $95. Currently, we seem to be descending...
The KOG REPORT – FOMC
This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...
XAUUSD There will be a Federal Reserve interest rate decision in less than four hours, and gold prices will fluctuate greatly. The trading suggestions I gave are as shown in the figure, gold rebounds in the 1/2139-2143 area. You can try buying here once.
2/If it falls below this area 2139-2143, then the next range is 2121-2124. You can try to buy here.
3/If gold...
Crude oil market analysis
Today's crude oil continues to be bullish, the 81.30 platform organized by the bulls yesterday has formed a new support, close to this position to consider continuing to be more, the suppressed position can not be seen, the size of the trend of crude oil is all bullish, the previous 80.40 has formed a new strong support, the shape does...
Hello everyone,
I'm thrilled to share my 101st analysis here, marking a significant milestone in my journey. While there were certainly some analyses that didn't pan out as expected, I believe the ones with better results outweighed them in total. I'd like to express my gratitude to those who supported the ideas, left comments, or liked the analyses. Your...
Prices have pulled back after hitting a four-month high of $83 yesterday on Monday. Russia has increased exports in response to Ukrainian attacks on the country's oil infrastructure. Saudi Aramco CEO Amin Nasser has rejected the idea of phasing out fossil fuels, calling it a fantasy.
Looking at the daily chart of crude oil, oil prices have fluctuated for about...
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price recently traded in the buyer zone, where XAU soon reached the 2040 support level and broke it. After this movement, the price made retest and then started to trades in an upward pennant, where firstly Gold made a strong impulse up to the current 2150 support...
Pair : Crude Oil
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Fibonacci Level - 61.80%
S / R Level
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2156.0 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2163.1
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as...
Preferred direction: SELL
Comment: The Swiss franc also performed well on our previous trading ideas, where the entry strategy was “border to border”. The medium-term prospects here are also not in favor of the US dollar , but in the long term, we consider USDCHF more in favor of the buyer.
At this stage, for a medium-term sell-deal, we highlight two...
H4 Analysis:
Bias/Analysis remains the same as yesterday's Analysis dated 19/03/2024
-> Swing: Bullish.
-> Internal: Bearish.
Price had printed a swing BOS and subsequently a bullish iBOS.
Swing range confirmed.
Price has now printed a bearish iBOS to confirm swing pullback has initiated.
Scenario 2 played out from previous analysis whereby it was...
FX:XAUUSD is trading under resistance pressure. The market is still forming a downward correction channel after a strong rally. Ahead of important news that will determine the medium-term outlook.
The price is testing the correction resistance, but at the same time sellers are still holding the market back. Buyers do not let the price go beyond 2145-2150,...
Gold's current rebound is basically in place, which is also in line with expectations. You can go short around 2157
The golden hourly line is one wave lower than the other, which is an obvious short position. Of course, the resistance levels naturally decrease in sequence. The K-line starts from above the moving average again and directly breaks through the...
