Oil moving very smooth in our predicted direction! While it'll be a loss for majority of the public who suffer from higher Oil prices, we'll be profiting as we've managed to get in on the right side of the market📈
Buyers still holding strong, making sellers fail in taking out the previous Wave 4 low. GET INTO LONG TERM OIL POSITIONS NOW!
Oil moving very smooth in our predicted direction! While it'll be a loss for majority of the public who suffer from higher Oil prices, we'll be profiting as we've managed to get in on the right side of the market📈
Buyers still holding strong, making sellers fail in taking out the previous Wave 4 low. GET INTO LONG TERM OIL POSITIONS NOW!
Gold is on the third bullish 1D candle in a row. That is after the Channel Down made a LL on the 1D MA100 and formed the current bullish wave. The 1D MA50 has been rejecting every breakout attempt since February 7th and is the ideal LH level. Having turned neutral on the 1D technical outlook (RSI = 48.139, MACD = -7.100, ADX = 31.092), this is the ideal level to...
Hey Everyone,
We start the week with our chart idea playing out perfectly with both the immediate bearish and Bullish targets hit.
The whipsaw candle action on market open took out the retracement targets and then headed up for the Bullish targets inline with our plans to buy dips
The retracement target at 2004 had no cross and lock and therefore followed with...
Gold trades higher around $2,020 on investor caution
Gold price continues to move on an upward trajectory, trading higher around $2,020. The precious metal receives upward support from cautious investor sentiment amid speculation about the Fed's interest rate policy.
Gold 1 target 2010
Gold 2 target 2000
Gold 3 target 1994
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Price seems to be forming a Head and Shoulders pattern on the 15m tf. price recently made a supply zone (.61500-525) and a choch. price retested the neckline of the "H&S" and went up to retest resistance at .61475 and after forming the choch. we can make a entry on a lower tf when price makes a choch. we can take profit at the next demand at .61250
Hello,Friends!
The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1998.299.
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Copper (HG1!) is trading on its 1D MA50 (blue trend-line), on a Bullish Leg following the February 09 2024 rebound. That was a Lower Low within the Channel Down that started in December. The long-term pattern is a Falling Wedge and being much closer to its top, after the January 31 2024 than its bottom, this is a strong sell opportunity.
The August 2023 Lower...
To follow our primary scenario, Gold must not slacken on its way further up the chart! We still expect the turquoise wave B to reach a new all-time high, which requires more (corrective) rises. However, our alternative scenario could still prevail with a probability of 40%. In this case, the turquoise wave alt.B would have already been finished with the last...
Multiple time frame analysis for Gold.
Daily/4h time frames analysis.
Price action.
Important key levels.
Bearish outlook explained.
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Hello Traders, here is the full analysis.
I think we can soon see going UP from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I...
Preferred direction: BUY
Comment: The buyer continues to take the initiative on the euro . At the end of the previous trading week, an excellent base was formed in the market to continue moving long; in addition, the entry point for a short-term trade is currently one of the strongest. We are considering growth towards the level of 1.08500 , and can also be...
Preferred direction: BUY
Comment: We continue to hold a confident long position on the Australian currency. Here we patiently wait for the price to approach the level of 0.66000 , near which our target is located. Moreover, looking at the bigger picture, it is safe to assume that buyers will maximize their push to the top. To rise above 0.66000 , some pause...
Preferred direction: BUY
Comment: The main competitors of the US dollar continue their recovery against the American currency and most likely this trend will continue. The accumulated volume allows currencies such as the New Zealand dollar to continue their current growth towards the nearest resistance levels. This level is 0.61500 , that is, for us...
INTRO - This is a test of my unproven IRL & IMA trend engine at 1-hour bar for 10 days. This is for testing purposes only.
DETAILS - Gold survived 2 selling zones (red arrows) for Thursday and Friday, closing above critical 2011 support. This has kept the gold comeback route alive, but only barely. The 10-day trend picture suggests gold will survive the...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. RSI - Divergence. Completed " 12345 " Impulsive Waves and Corrective Waves " ABC ". Completed Break of Structure and Retracement
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 23.416 pivot level.
Bias - Bearish
My Stop Loss - 23.717
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 22.870
About Used Indicators:
The average true range ATR plays an important...
Preferred direction: BUY
Comment: Despite the fact that metals are considered from the point of view of long-positions, growth here will, in any case, be more difficult than for the same major currency pairs. The market is currently oversaturated with buy-players, but there is no result, which indicates a possible limit seller. Here, more than anywhere else,...
