Preferred direction: BUY Comment: After a busy weekend, the market is coming to its senses. There was no downward gap in the euro due to the worsening geopolitical situation in the Middle East. Short-term bearish sentiment remains, but a potential recovery can be expected within this week. Growth is expected towards the level of 1.08000 . Two scenarios are...
Preferred direction: BUY Comment: Despite the latest tensions in the Middle East, we continue to maintain a bullish sentiment for the euro , as we wrote at the beginning of the week. Most likely, the tension has dropped, but will constantly keep investors and traders in suspense. We are considering a medium-term strengthening of the European currency towards...
Preferred direction: BUY Comment: We also continue to follow the buy-priority for currencies in the Pacific region. The AUD is expected to recover to the level of 0.65010 . It should be noted here that the growth potential is less than that of the euro and pound (one can take a look at these ideas). The trade is intended more for the short term, i.e. ...
FX:XAUUSD is entering the correction phase. Earlier, based on technical and candlestick nuances on D1, I warned about the approaching decline. Gold is eliminating buyers and apparently heading towards 2267, 2228. April 19 idea: The market is getting ready to turn around, collecting liquidity from buyers On H1 the price is forming a bearish momentum, since...
Preferred direction: SELL Comment: For this currency pair, we continue to follow the medium-term sales, despite the fact that the price has risen a little more than we described in previous trading ideas. Today, the current levels are excellent for medium-term short with a target at the level of 1.37020 ( scenario №1 ), where the previous area of accumulation...
Preferred direction: SELL Comment: A potential medium-term sale is brewing for the EURAUD currency pair. At the moment, the key role is played by resistance at 1.66296 . The price, having already felt resistance, stopped its movement at the level of 1.66000 . Two scenarios for selling are proposed, where the more likely scenario is a preliminary approach...
Based on the M30 chart analysis, we can see that the price has just reacted off our sell entry at 2329, which is a multi-swing high resistance. Our take profit will be at 2310, an overlap support level. The stop loss will be placed at 2351, which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level...
Crude Oil Technical Analysis Daily resistance is 83.4-85.7, support below is 80-78 Four-hour resistance is 83.4, support below is 81-80 Crude oil operation advice: Crude oil fell first and then rose yesterday, ushering in a deep v bottom, rebounding and breaking through the high. The price of the Asian and European markets was under pressure and fell back to the...
Market Analysis PT1/2 (24th April 2024) XAUUSD Analysis On the 1 hour timeframe, Price action has rejected off a daily orderblock couple with a weekly bullish Fair value gap, creating a bullish Change of Character to the upside. This means that there could be potential intentions of price creating a potential bullish market structure shift on gold,...
The XAU/USD pair is showing bullish momentum, with the weakening US dollar and global economic uncertainty driving up the price of gold. Technical analysis also supports a bullish bias. Day traders may consider going long on the pair, but should exercise caution due to gold's volatility and use proper risk management techniques. Entry: 2323.28 SL:...
Hello there, Brian here with a glint of today's gold market dynamics! Gold (XAU/USD) found itself under a relentless sell-off siege for the second day running on Tuesday, edging toward its bi-weekly nadir around the $2,300 landmark as the European trading session dawned. Despite a nocturnal offensive on U.S. forces in the Middle East, investors clung to optimism,...
Hello dear traders! Today, gold prices are fluctuating around 2305 USD after retreating under profit-taking pressure from 2400 USD, marking a decrease of 100 USD since it plunged. Regarding international market information: - The precious metals correction was underpinned by investors remaining optimistic amid hopes that the Iran-Israel conflict will not escalate...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 24 April 2024 BUY LIMIT Order: $2307.91 Stop Loss: $2291.22 Take Profit 1: $2324.35 Take Profit 2: $2346.22 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Gold has rebounded to around 2332 in the short-term. Many people are definitely afraid that gold will continue to rise to a higher level again. Maybe many people are even chasing gold above 2330. In fact, as emphasized in the first two articles, gold has now fallen below the upward trend, and the short trend is now very strong. The short position is far from over,...
Oil prices have retraced just under 8% from the MTD (month-to-date) high. And it looks like the market is trying to stabilise around a support cluster, just above the $80 handle. The cluster includes the 50-day MA, high-volume node and prior consolidation zone. A small doji also firmed around these levels to suggest a swing high has formed, or very near. A...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 27.861 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 28.872 Why we like it: There is a pullback resistance...
Copper has been in an uptrend since february 2024. Price is currently outside Bollinger bands (50 period). Some of the reasons copper has been rising is near term demand and shortages, some articles pointing out to data center demand for copper for the AI boom. With Nvidia, intc, amd and other tech stocks showing weakness in last week, my opinion is that it...
A clear change in the state of delivery! Look for the retracement to start from within the +FVG.