West Texas Intermediate US Crude Oil prices remain under some selling pressure for the third successive day on Friday and trades near the weekly low, around the $80.30 region during the Asian session. Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil...
My dear subscribers, This is my opinion on the SILVER next move: The instrument tests an important psychological level 24.916 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 25.205 About Used Indicators: On the subsequent day,...
Hello everyone, price action in Gold continues to be very strange and we saw a significant move to the upside after a bear trap formed below 2000. The move went directly to the 2088 resistance (and orderblock) and a correction from the local overbought conditions is likely. The elliot wave count at this stage is very unclear, but I left my count on the chart....
by the Politicians, Talking heads and Bankers. Governments can only Tax, Borrow & Spend Central Banks can only Print & Lend. If this index were to rise by the average of 43% You are looking at the CPI Index hitting 372 by Jan 2030 There is every likelihood this decade, will be a higher than average inflation rise. You must save in scarce Assets #Gold &...
By checking the EURUSD chart, we can see that after the growth of this currency pair up to the supply range of 1.093, the price faced heavy selling pressure and with a drop of more than 130 pips, it is currently trading in the range of 1.082! If the price can stabilize above the support of 1.07990 to 1.082, we can expect a small upward movement of the price!...
By checking the EURUSD chart in the one-hour time frame, we can see that the price after growing up to 1.09060 faced heavy selling pressure and was able to correct by more than 70 pips to 1.08350! I still think this drop can continue and the next supply levels are 1.08615, 1.08680 and 1.08980 respectively! Please support me with your likes and comments to...
Hi folks today I'm prepared for you Gold analytics. A few moments ago price rebounded from the trend line and rose to the support zone, but when it reached this zone, XAU at once made the correction below. After this movement, the price turned around and continued to rise to the support level, which is located in the support zone, and in a short time later Gold...
By checking the Bitcoin chart in the weekly (logarithmic) time frame, we see that the price after correction to $60,800 was again accompanied by demand and is currently in the range of $67,500! There are only 30 days left until the Bitcoin halving and we will probably see extreme price fluctuations before and after the halving! According to the previous analysis,...
🛢 CL OIL, H4 🛢 22 March 2024 Crude oil prices faced downward pressure amid weaker US gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza, easing concerns of supply disruptions. Despite an unexpected decline in US crude inventories reported by the Energy Information Administration (EIA), gasoline product demand...
Silver (XAGUSD) reached the 25.000 Target that we set more than a month ago (February 15, see chart below) easily surpassing the 0.786 Fibonacci level and getting heavily rejected exactly at the top (Lower Highs trend-line) of the 1 year Triangle pattern: On July 20 2023, a rejection slightly lower started wave (e-f) towards the bottom of the High Volatility...
Gold experiences a significant breakout on the weekly chart, indicating substantial potential for upward movement. This breakout suggests a bullish sentiment among investors, prompting anticipation of further price gains. Analysts foresee continued momentum for gold, driven by factors such as market dynamics, geopolitical tensions, and inflationary concerns.
FX:XAUUSD corrects after testing $2222. News on Thursday shook the market after Powell's dovish statement on Wednesday, which spurred a false breakdown and a 2.5% fall Yesterday the market met a bullish wave of news for the US market: Initial Jobless Claims down, PMI up, overall this is a locally positive scenario, but today at 13:30 Powell speaks, who can...
The short-term trend of crude oil (1H) fluctuated and hit new lows, testing the 80 support. The moving average system is arranged in a short position, and the short-term objective trend is downward. Oil prices hit around 80.70, forming a certain recurrence, and their upward strength is relatively weak. It is expected that crude oil will remain volatile in the...
We were directly short at 2185, and sure enough it still fell. Let’s continue to look at the 2145 line below. Gold is an obvious top form. Don’t panic. The big negative line must reach 2145. This position is also a support. The hourly line all closes the big negative line and is below the moving average throughout. Continue to look at 2145.
EURUSD has provided alot of volatility this past few days, price has dropped well and taken out important level, although price might drop lower to 1.080 zone, however I expect a pullback from 1.0832 level to 1.08912, stops below 1.0818. Use proper risk management.
Hello,Friends! GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 17H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2129.381 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello 👋 📊West Texas Oil Analysis Analysis in the short and medium term is in the style of Elliot waves. Due to the formation of 5 rising waves, the market can enter correction, which will be formed in the form of ABC wave, which is currently expected to complete wave A, and any high can be a correction to continue falling. $82.0 range resistance Support and target...
Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2180.586. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2328.918 level. P.S Please, note that an oversold/overbought...