Preferred direction : BUY Comment: The British pound continues to be the most promising major currency pair to rise amid so much accumulated selling. Here, we continue to adhere to the previous plan, and events strictly develop according to scenario №2 . The growth target is the level of 1.28000 , or more precisely the area near it, since most likely, as...
Preferred direction: BUY Comment: We continue to consider the euro in favor of buyers, especially until the target at 1.09000 is crossed. Above this level, there is a target of 1.10000 , which the pair may approach quite easily, since there is an accumulated resource for this. This potential movement will develop within the framework of scenario №1. ...
Preferred direction: BUY Comment: As we wrote earlier in trading ideas for Gold with a perspective for this week, all long trades in metals were closed. However, this is not the end of the growth and most likely gold will go to the maximum at the level of 2140 , and silver to the resistance of 24.20 . Therefore, just like for gold , we are considering...
Preferred direction: BUY Comment: When considering medium-term trades, we continue to adhere to the buy-priority for the AUDUSD currency pair. As expected, right now the instrument is already recording a new local minimum, which we prescribed in scenario №2 . This scenario is now more relevant. It should be noted that during this week the price will most...
Preferred direction: BUY Comment: Metals continue to be ahead of everyone, and here all the parameters for entering a long remained exactly the same, that is, at the beginning of the week, the setup for long remained the same, and we are actively trading according to scenario №1. At the same time, we are gradually approaching our target at the level of ...
Preferred direction: BUY Comment: At the beginning of the week, the buy-priority is still relevant for the British currency , however, despite the presence of a limit buyer, a more likely long scenario looks precisely after a small downward correction towards the level of 1.26770 . In this case, a false breakout will be formed as soon as the price returns to...
Preferred direction: BUY Comment: The middle of the week has come, and, as we said at the beginning of the week, a rather eventful economic calendar awaits us. The buy priority for EURUSD remains relevant, which was also indicated at the beginning of the week. The growth target is located at the level of 1.09000 , and there is also a possibility that the...
Gold is still in an uptrend. Tomorrow I will focus on two key points. 2142-2145/2114-2120. If gold undergoes a deep correction, it will steadily continue to rise, accompanied by rising information. I think gold is steadily rising. On the contrary, if gold rises directly, it will fall sharply due to lack of support below. Therefore, I will continue to pay...
✅SILVER keeps growing In an uptrend and it is Locally overbought so after The price hits the resistance Of 24.6$ I will be expecting A local bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
GOLD broke out from main trendline and looks good to take a retrace here. I expect a quick drop till the first support zone at $2124. On higher timeframe i think it could drop more reaching $2110 first and $2080 second
Hello traders! This is an area where I have been expecting gold to fall for a long time. Since the price has reached the POI, I will wait for additional confirmation to go long to $2500. This is the idea of swing/position trading (very long term). It can also be considered as an investment idea. However, the risks must be calculated and you must have a proper...
Re-analysed our entire wave count as Gold decided to go ahead & create a complex Wave 5 completion. Instead of finishing Wave X at the 2023 high of $2,141 we saw a steeper move, creating a new all time high at $2,165 taking out a lot of sellers. ⭕️Wait For A BOS (Selling Confirmation) At $2,123. ⭕️Overbought & Choppy Market Conditions. ⭕️DXY Strength Incoming Soon.
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it declined to support level, which coincided with support area. After this, XAU tried to rise, but when it reached resistance line, it bounced and declined lower than $2015 level, breaking it. Also, Gold...
The recent price action on the GOLD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
DXY has pulled back a lot as US bonds have ripped to the upside, however it would appear that the Yields may be setting up for a short term bottom which would result in the DXY coming back up. This would align with the Euro coming back down, but I'm not convinced the move up in DXY will be long-lasting, however I do think it will be notable enough to initiate some...
Today's EUR interest rate decision, where the European Central Bank is expected to maintain the current rate, could lead to a stronger euro and a weaker dollar. This might decrease the demand for gold, causing XAUUSD to potentially drop to 2115. Keep an eye on the announcement for trading decisions.
Hello,Friends! USOIL is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of...