WTI oil (XTI/USD) could fall towards the pivot which has been identified as an overlap support. Could this commodity potentially bounce off this level to climb towards the 1st resistance? Pivot: 80.96 1st Support: 76.53 1st Resistance: 87.22 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money...
Continued from previous post. Breakout possible. Wait for pullback into the wedge. Stop on Calls would be below the Box. 4/19 $70 call could pay well if the breakout occurs.
Compare said time frames and you will see the similarities in RSI and MACD although if it fails, new lows could be on the way. If a B/O occurs , look for $100 sooner than later. Will revisit later. I will attach the next post to this one for continued reference.
Natural Gas adn equity stocsk saw some positive flows on Friday despite tremendous market weakness. The commodity sector has been hot and Nat gas has still lagged by a large margin. Nat Gas still trying to break out of a potential stage 1 basing formation. This base could be a powerful move to the upside. If names like AR, EQT & LNG are telling us...
OANDA:XAUUSD continuing to adjust after approaching the original price of 2,400 USD, the target price increase noticed by readers in yesterday's publication is also a resistance that causes gold prices to adjust but overall it does not change. trend with the expectation of entering the accumulation phase. Iran said its military is ready to respond to any...
OANDA:XAUUSD spot delivery suddenly increased sharply. Spot gold has just increased to 2,415 USD/ounce, it has increased more than 35 US Dollars during the day. Previously, US media reported that the US confirmed that an Israeli missile hit an Iranian facility. The most active gold futures contract on COMEX was 1,426 lots traded within one minute from 08:43 to...
The Dollar Index & Crude Oil are creating very similar price action & structures on the weekly timeframes. We previously saw huge bullish moves to the upside from 2021 - 2022 during peak Covid, followed by a consolidation phase (resting period) for the past year. It now looks like both markets are done resting & ready to sore back up🚀 Will you be buying these...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 22 April 2024 Trade Idea 1 SELL LIMIT Order: $2400.73 Stop Loss: $2418.17 Take Profit 1: $2383.53 Take Profit 2: $2360.67 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero...
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...
Still holding sells on XAUUSD. Dollar strength is getting abnormal mass bullish sentiment, which sets the market back into risk off regime and thus dollar long plays have become the thing to capitalize off of.
EUR/USD has shown a significant upward trend, surpassing the key level of 1.0650. This upward movement was primarily driven by a shift in risk sentiment, with investors moving away from safe-haven assets, thereby weakening the US Dollar. The Relative Strength Index (RSI) on the 4-hour chart indicated a recovery towards the 50 level, signaling a reduction in...
The fear and anxiety prevailing in the global community regarding the next stage of tensions between Iran and Israel have led to cautious and conservative performance regarding the yellow metal. Since our last analysis on April 10th, Gold has only managed to touch the first upside target of 2410.73 weakly twice, with the second time being today after reports of...
XAUUSD Setup | H1 Time Frame - This Setup indicates as Educational Purposes - Supports level at 2374.00 - 2360.00 - 2333.8 - 2319.152 - Resistance level at 2397.00 - 2413.00 - Circles Indicate the consolidation area - Grey Area Shown as Gold will be in that zone Gold Retest the 2397.00 Area in this case if gold break that point we will further see on...
✅GOLD is trading in an uptrend Along the rising support line Which makes me bullish biased And the price is already making A bullish rebound from the support So a further move up is expected With the target of retesting the level above at 2403$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
we made almost 460 pips from our area on gold by 2-3 positions a day on NEWYORK session last week with just 3 SL . after all of happenings on last week now we have some plan to trade gold this week. we trade on newyork session by our new area and i wish more profit from last week. "Using the data we get from the gold weekly chart and my special calculation...
Good morning Traders ☕️ As we saw with the BTC/USD and Forex market the same counts for gold, the market is uncertain. This is due to war, inflation and some other factors slowing the bulls down. GOLD is no exception to this, we could potentially see either a bullish or bearish out break coming very soon. This break out will hopefully be upwards and this could...
Although the dollar and US Treasury yields rose as US retail sales rose more than expected in March, tensions in the Middle East boosted safe-haven demand, and at the same time, the market Expecting that the Federal Reserve will be able to delay interest rate cuts this year, gold prices did not extend last week's decline but continued to increase. Iran launched...