After a week of a downtrend, gold now is on the verge of breaking another support near the 2020 price area, there is a lot of opportunity for the short traders to make a massive profit from the bearish trend. However, these are one of the following criteria that short traders need to wait for before making a decision : 1. Gold needs to break below the 2020 price...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined to $1973 points, thereby breaking $2010 level, which coincided with support area. But soon, Gold turned around and made strong upward impulse to $2087 points, breaking $2010 and $2065 levels. Also, price entered to wedge, where later...
Here is our detailed technical review for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2020.653. Considering the today's price action, probabilities will be high to see a movement to 2027.831. P.S The term oversold refers to a condition where an...
GOLD is preparing to continue falling amid the current environment. The dollar is strengthening as the interest rate cut is postponed, which will allow the index to strengthen, which is a negative lever for gold. The metal is under selling pressure and the 2015-2020 area may not hold and break down. Reasons for a possible decline: 1) Strong dollar is bad for...
Hi all, been away for a while now. really had to take a step back and rethink my whole take on this market and especially the oil market. Cant figure out where the market had to go and why it did not respond to all the news and macros in the market. But here is my take on where the oil prices have to go for the next couple of weeks/months. I have the following...
H4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish. I have now started to map all CHoCh's to gain a micro-view of structure due to the nature of price action and the size of ranges. Expectation remains as H4...
Hello Traders ! On The Daily Time Frame, The USOIL Price Formed an Ascending Triangle Pattern. So, Let's Expect The Bullish Scenario 📈 If The Market Breaks The Resistance Level (77.67 - 79.72) and Closes Above That, We Will See a Bullish Move... TARGET: 82.40🎯
Discover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
When inflation numbers are down tomorrow, it can positively impact the price of gold for several reasons: Real Interest Rates: Gold is a non-interest-bearing asset, and its appeal often increases when real interest rates (nominal interest rates minus inflation) are low or negative. When inflation is low, it may lead to lower nominal interest rates, making the...
💹 Forex Quick Check: #GBPNZD 📉 Trend: BEARISH 🚀 Action: SHORT @ 2.06422 🎯 TP: 2.04046 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #GBPNZD. #GBPNZD will go down in upcoming days. The reason behind this is that it retest the major resistance zone and hen form a bearish trend same as previous history. We will go for...
Last week my bias was bearish and for now I think to continue south. I still believe that gold will fall further. This week we may see bullish reversal, but it will be not today.
Long signal on NATGAS! Bubble collapsed however it will still retest last low of wave (1) which around 3.44~ 4.13. On intraday there is also a head and shoulders pattern that got invalidated giving some additional significance for strength.
One thing appears to be rather obvious: crude's rally has fizzled out: Oil - Bulls Will Be Totally Annihilated And that's bad news for bulls. If crude's rally has fizzled, can natural gas counter rally? Well, natty hasn't done much all year. One of the reasons is probably that the world, which is controlled by the Communist Party, wants to SaVe ThE WoRlD...
Extrapolating fib data from previous gold bull cycles, we see that the 0.618, 1, and 2 fib extensions play important roles as resistance, support, and targets. fib extensions (previous 2 cycles) 0.618: resistance into support 1: target (crisis year: 2008 / ~2027) 2: target (start of new cycle: 2011/2012 / ~2030) 1: target (retrace: / 2016 / 2034(?)) 2...
– Previous Weekly candle closed Bearish above recent Weekly Support, forming new Weekly Resistance around 2040s. Friday Daily candle closed Bearish. I’ll be looking for potential Buys above 2027.500 targeting recent 1h Resistance (2033.000) and 4h strong Resistance (2037.600), there could be a potential retest of recent Weekly Resistance around 2040s. I’ll be...
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...