I recommend you to Buy USOIL at this levels as we can see we have a strong level also we have a demand zone that make price continue pushing up
CL OIL, H4 In the latest session, oil prices saw a decline of over 1.3%, following a surge prompted by OPEC+'s announcement to extend its supply cut measures. The downturn is attributed to profit-taking activities among traders as oil prices neared their highest point since last November. Market participants are closely monitoring the ongoing developments from...
Last week's weaker-than-expected data was the main driving force for the rise in gold prices, including the possibility of an escalation in the current geopolitical conflict, which also pushed up gold's safe haven. Therefore, combined with the influence of various factors, gold has room to rise during this period. . The focus of the market this week is to pay...
Gold successfully broke and closed above a key horizontal daily resistance yesterday. Our next strong resistance is based on the All Time High. I believe that the market will keep growing to 2140 level. I really want to see a pullback first though, to buy the market on a retest of a broken structure. ❤️Please, support my work with like, thank you!❤️
XAU/USD, H4 Gold prices have undergone a significant rally, approaching the historic high at $2146.80. The surge is fueled by market sentiment speculating on the potential for the Federal Reserve's first rate cut in June. Investors eagerly await cues from both Wednesday's testimony by Powell and Friday's Non-Farm Payrolls report to assess the likelihood of a...
Gold suddenly bounced on Friday, forming a high momentum bullish candle on a daily. The market closed on a key horizontal daily resistance. Bullish breakout - a daily candle close above 2088 will indicate a further bullish continuation. Wait for a confirmed breakout to buy. Alternatively, we may see a pullback from the underlined structure. I will monitor a...
Upon examining the WTI (West Texas Intermediate) crude oil chart, we observe a robust bullish trend, accompanied by a retracement to the 78.6% Fibonacci level. This significant pullback warrants attention, as price action appears poised for a deeper correction. In our analysis, we consider historical price swings, taking into account seasonality patterns from...
spx/gold is a way to measure the value of stocks compared to real commodity metal instead of printable dollars. Gold is a "safe haven" for many reasons including that once its in your hand you own it and no one is your counterparty. Dollars depend on the federal reserve and the supply of dollars circulating. When you hold gold, you hold a real commodity that has...
Similar to Gold, Silver also began the year poorly. After finding support just under $22, it started trading in a range. A few hours ago, the price managed to break above the range's resistance, indicating a bullish outlook. However, unlike gold, silver has lagged behind in its performance since the start of the year. In my opinion, this gap will be filled, and...
Based on the Daily chart analysis, we can see that the price is rising toward our sell entry at 2120, which is a swing-high resistance that aligns with the 127.2% Fibo extension Our take profit will be at 2077, a pullback support level. The stop loss will be placed at 2160, above the 161.8% Fibo extension High Risk Investment Warning Trading Forex/CFDs on...
Dear colleagues, earlier I wanted to write a forecast with a deep correction, but after reviewing the data I suppose that the price will go higher. I assume that it will be wave 2, but for now I expect a small correction to the support area of 78.88. Then I expect an upward movement to the area of 100% Fibonacci extension at 81.85. Manage your capital correctly...
Hey everyone, Just wanted to share my latest observation. I initially anticipated an upward trend for XAU/USD, as mentioned in my recent post: Gold has experienced an upward surge, and I interpret the last covering candle as the beginning of a minor correction. I've identified two short-position targets: 2014.23 1995.58 Keep an eye on the last target, as it...
hello guys... gold is bullish in these two blue areas you can get a long position! target 2110 and 2116 ______________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
The gold market is up about $25 from December's record high, and while Monday's rally that pushed prices above $2,100 an ounce was shocking, it wasn't completely unexpected. Many analysts have noted that gold's rally came out of nowhere and was sparked by disappointing second-rate economic data in the US. At the same time, analysts also point out that both gold...
Silver successfully violated a resistance line of a wide horizontal trading range on a daily with a strong bullish imbalance. It may indicate the dominance of the buyers and a strong bullish sentiment. The market may reach at least 24.0 resistance soon. ❤️Please, support my work with like, thank you!❤️
Its been years of waiting and I think it is about time! Gold is rotating back and should finally close the week outside of the constipation box (yellow). MACD and VolDiv are crossing above and should be supporting a rise in Gold. New target for this run, 2600 (Jan 2025). Heads up!
Natural gas saw a massive bullish gap up to start the week. Our members secured and trimmed some long positions while still keeping majority of shares on the table. We remain long and bullish. We believe pullback can be bought.
Gold prices (XAU/USD) climbed on Thursday, pushing past the $2,040 threshold and reaching their highest level since early February at one point during the trading session, although gains seemed to be capped by a strengthening U.S. dollar. The precious metal’s positive performance was fueled, in part, by falling U.S. Treasury yields, which reacted to an in-line...