Here is our detailed technical review for GOLD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2155.926. Considering the today's price action, probabilities will be high to see a movement to 2162.967. P.S The term oversold refers to a condition where an...
FORECAST OANDA:XAUUSD – MARKET PSYCHOLOGY Retail trading activity shows a net short bias in gold, with the ratio between bearish and bullish positions currently at 1.47:1 as of late Tuesday afternoon. Overall, bullish bets on precious metals are 9.67% lower than yesterday and 12.80% lower than they were popular a week ago. Meanwhile, bearish bets are down...
Crude Oil broke and closed above a key daily resistance this week. The broken structure turned into a strong demand zone. We can expect a growth from the underlined blue area at least to 82.5 ❤️Please, support my work with like, thank you!❤️
Technical analysis of gold In the 4-hour time frame, we see a good reaction of the price to the downward trend line. This reaction to the downward trend line can also be seen in the RSI indicator. Green lines, possible supports and resistances are ahead. This is a personal opinion and is not a recommendation to buy or sell.
Description Whats up dear friends in the next week's gold analysis we can expect to a breakout in the zone which is 2175-2150 if there is no breakout then we go long till 2200 let's see have a great day and good luck
Gold is still volatile today. I placed a short order at 2169. In the short term at night, just continue to hold 2169 short. The stop loss remains unchanged at 2178. Wait for the decline. Let’s first look at the 2145 line.
Have been tracking Gold and the Gold miners ETF GDX... It has been a while and it appears that Gold and GDX are at least in sync again. GDX appears to have closed the week above the long term range and just broke out, if not about to... MACD and VolDiv have not yet crossed over but indications show. The TD Setup is still showing primary bullish and a new Setup is...
Nat gas continues to show some short term weakness. Its now shaping up based off an RSI divergence that Nat gas could make new lows. The fact that we had a bearish crossover of the 7 MA & 20 MA is never a good sign. Sellers clearly took control over price and forced it back below the neckline. The 100% downside move of the head & shoulders that triggered...
Am going to heist the Crude Oil at bullish side. This is my plan to Loot the money in this method. I set my Buy Stop at Pivot line. when it trigger Golden cross my loot will start.
FOREXCOM:XAUUSD OANDA:XAUUSD Hello dear traders. If the price does not consolidate above the $2152 level, a bearish scenario will occur. On the other hand, if the price receives strong support at the bottom of the pitchfork or stabilizes above the 2-hour Bollinger Midline, the bullish scenario will increase the price to the yellow zone. ✌💥If you are...
Hey Everyone, Please see update on our 4H chart idea that we shared last Sunday. This chart has played-out perfectly with price hitting our first Bullish target start of the week at 2190 followed with no cross and lock above confirming the rejection into the retracement range completing our retracement targets. We are seeing price bounce between the two...
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 prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
BTC price hits new all-time high; surpassing silver’s market cap: Bitcoin (BTC) captured new all-time highs hitting $73.6K this week, making it the eighth largest asset by market capitalization globally. On March 12, spot BTC exchange-traded funds (ETFs) saw a record SEED_TVCODER77_ETHBTCDATA:1B of net inflows; with Blackrock’s IBIT taking in $849Mof...
Crude oil fluctuated upward on Wednesday, with a minimum of 77.5 and a maximum of 79.8 that day. The daily line closed at 79.5. From the daily line, the oil price has reached the upper track. Today, the focus is on the 81 line. If it rises to around $81, will there be strong resistance above? As far as the current trend is concerned, the price of crude oil has...
The Dollar pushed up even further today, further supporting our USDJPY buy & Gold short analysis🔥 Keep an eye on the Dollar as there's a possible chance in the mid term we might see a much further push above our $108 target.
FX:XAUUSD continues to trade within the counter-trend correction channel. Another resistance retest is being formed, and the market is under pressure from the resistance. Gold has a neutral-negative fundamental background due to a wave of positive news in the US market. The dollar is strengthening a bit, which generally forms a resistance pressure on the...