USOIL prices have been on an upward trend in recent weeks, driven by supply concerns and geopolitical tensions in the Middle East. The price has approached a key resistance trendline area, where a breakout or pullback could occur. If the price breaks above the resistance trendline area, it could signal a continuation of the uptrend, with potential targets at...
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Financial markets are bracing for the uncertainty surrounding Iran's recent strike on Israel and the potential for retaliatory measures. Mohamed A. El-Erian, Chief Economic Adviser at Allianz, remarked that the current situation may lead to elevated gold and oil prices, alongside lower US Treasury yields and stocks compared to what would have been expected...
FX:XAUUSD updates another high to 2431.4 and then begins to shed heavily amid profit taking by traders. The weekend also proved to be fundamentally important for the markets, which may react strongly. Most of the nearly $100 drop is due to profit taking by traders as the price reaches psychological levels, but the drop to 2300-2350 allows to find new buyers at...
OILUSD is an uptrend channel and the next target is at area 90-95 which is the neckline of the double bottom pattern forming and a break above this level will confirm its bullish movement to the previous high at 130 level and to the longer target at the upper range of the channel at 150-160.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
1- A dip into weekly fvg would be ideal before a meaningful push up towards the daily eqh's 2- I don't see why they would raid them so soon so that where my intra day bearish stance is. 3-Overall Im Bullish 4- Staying above Monthly open and the FVG next to it is key to remaining bullish, yes we can wick into these areas but most importantly is the body of the...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with 2355, as our Bullish target and 2312, as the support target. We are looking for a retest at 2355 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted structures with 2389 as the resistance target and 2326 as the support target. We are looking for a retest at 2389 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. Last week we stated we...
Hey Everyone, Last week we stated that after completing all our long range targets, we were seeing price break out of the ascending channel. However we needed to see ema5 cross outside the channel to establish another bullish run above. The Bullish momentum last week helped clear some of our extended long range targets- BOOOM!! We also need to keep in mind the...
Really simple setup for gold here, we know we had a great move from last week creating severe new ATHs as well as the week before, i am not expecting this to stop any time soon! on the charts here you can see we have 3 ideas to watch, running higher from where we sit. dropping into and wicking the 4hr low to then go higher again or running lower from the sell off...
OANDA:XAUUSD continued to set new records yesterday, driven by buying momentum and geopolitical risks, while markets focused on the Federal Reserve's policy meeting minutes and U.S. inflation data. America to seek direction on the US interest rate cut timetable. Federal Reserve policy meeting minutes and US consumer price index (CPI) data will be released on...
With many sellers showing up in the last closing hours last week, gold remains a buy. N.B! - XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gold #xauusd
The gold price can surge to unprecedented highs during periods of heightened tension in the Middle East for several reasons: Safe-Haven Demand: Gold is often viewed as a safe-haven asset during times of geopolitical uncertainty. When tensions escalate in the Middle East, investors may seek the perceived safety of gold as a store of value. This increased demand...
Forecast: Start of Bullish Trend (Daily) Invalidation Level: 1.580 Only buy when the price is close to these levels: 1.745; 2.026 (R/S);