XAGUSD price is in the correction period at the support zone 24.76-24.48. If the price cannot break through the 24.48 level, it is expected that there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Box Formation and W Formation is showing on the Daily chart of PLatinum. We do need the price to close above the neckline of both patterns to really confirm upside to come. So far the MAs are also confirming a bullish inclination along with the rising uptrend. Price >20 and crossing 200MA Bullish bias Target $1,132 Let's drill into the fundamentals for the...
NATURAL GAS - WEEKLY - READY FOR A BREAKOUT? TF-WEEKLY. More bullish after breakout and confirmation.
The news is likely to boost oil prices. Geopolitical factors have affected oil reserve inventories. Oil inventories this week will be significantly lower than expected. leading to increased market demand In terms of trend, there is a certain degree of over-rising behavior in the market, but the trend is still a bullish trend. If the price falls back to the low...
Preferred direction: SELL Comment: For the Swiss franc , we continue to follow the buy-priority. Scenario №1 , which we previously published, is already in progress, however, the strengthening of the US dollar at the beginning of this week will most likely lead to the activation of scenario №2 . We also assumed this, and given the fact that the franc is...
Preferred direction: BUY Comment: The New Zealand dollar almost completely copies the situation with the Australian dollar . Here, we also continue to adhere to buy-priority in the medium term. It should be noted that both of these currencies are currently having the best setup for buy among others majors, but even this does not exclude potential short-term...
Preferred direction: SELL Comment: The week for gold begins with another update to its historical maximum. At the moment, the market is witnessing a climax of buying, against which a downward reversal can be expected. The approximate reversal area is located at the level of 2300 . According to scenario №1 , a movement towards this level is expected before...
Preferred direction: BUY Comment: The British currency showed resistance against the US dollar last week, but short-term weakening is not excluded (scenario №2) . Medium-term prospects remain in favor of the buyer, and an approach to the level of 1.28000 is still expected. Scenario №1 is a higher priority, but a potential short-term weakening and fall...
FX:XAUUSD has been reaching 2265 since the open. The price is moving out of the ascending price channel, which indicates a strong bull market. But, there is a huge imbalance area forming below, which can be liquidated before further growth. The dollar is also strengthening and the market is waiting for bullish news on the index today. In this case it may give...
Dear Colleagues, I assume that the price is in the ending diagonal. This means that the price will update the maximum a little more, after which I expect the price to decline to the support area of 2153.085. I expect the 5 wave structure to complete the formation. Watch for updates of the idea, the price may start moving towards the target, so I do not recommend...
Hello traders! Entry: 2271.00 SL: 2274.00 TP: 2227.80 Wait for the break! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
#XAUUSD 2024.4.2 📉Market Direction Today, the opening price of the gold gate is above the pivot but below the POC. I like the direction of the POC better so my opinion is BEARISH. We have 2 untested virgin POC at 2214 and 2193 so I expect the price will come back here to test before returning to the main trend which is up. 📉Zone Analysis - 2261: zone m15 -...
XAUUSDis rising toward a pivot that is close to the 78.6% Fibonacci retracememt and could potentially fall to a pullback support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level above the 127.2% Fibonacci extension Pivot: 2257 Support: 2223 Resistance: 2277 Risk Warning: Trading Forex and CFDs...
WTI oil (XTI/USD) could continue its bullish climb towards an overlap resistance at 86.67 which has been identified as a pivot point. Could price potentially stall around this level and pull back slightly before resuming the uptrend? Pivot: 86.67 Support: 83.52 Resistance: 89.25 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
Focus on data this week: On Monday, the U.S. ISM manufacturing PMI in March and the U.S. construction spending monthly rate in February On Tuesday, U.S. JOLTs job vacancies in February and U.S. factory orders monthly rate in February On Wednesday, U.S. ADP employment numbers in March, U.S. ISM non-manufacturing PMI in March, EIA crude oil inventories,...
Dear friends, the current gold market has become an irrational market due to risk aversion and trend-following sentiments, so it is relatively more complex. Gold hit a high of 2265 overnight and then fell back. Then gold stopped falling near 2229 and then rebounded slightly. As of now, gold is trading near 2251. According to the current gold trend, there is no...
Nat gas made a bullish reversal today. Closing up over 6% Natural gas has recaptured the short term trend and is trying to establish a new bullish range. If Nat gas holds above the key $1.8622 level we will have a quick squeeze to $2.25 Oil continues to grind higher. making new higher highs and higher lows. Oil is now on watch to target $90 a barrel....
Dear friends, today we shorted gold in the 2263-2265 area and set TP: 2245, making a profit of 18 points and successfully making a profit of 10K, which is a good gain. After touching 2245TP, I used small batch trading lots to chase short gold at 2246 and 2237 respectively, and set TP: 2225. Because gold only touched the lowest position near 2228, these two...