Looking for an opportunity on gold. see monitor zones and will take trades if liquidity is there.
Preferred direction: SELL Comment: Previously, we considered a potential trade for this pair in terms of growth within the medium-term movement. This idea is relevant, but an update of local minima is expected in the near future. That is, a fall below 0.65200 is expected. Before the expected medium-term growth, the price will most likely touch the level of ...
Gold is still there where I left it few days ago. I have already mentioned in my charts that it will move within range of 2000 - 2077. Right now on daily chart main resistance is 2077 while support is 1988 . Gold price attracts some dip-buying during the Asian session on Tuesday and recovers a major part of the overnight modest losses. Geopolitical tensions...
Preferred direction: SELL Comment: Further declines are also expected for silver. Previously, we indicated two options for a sell transaction on this instrument. And about the script now in work. The trade has already been moved to breakeven and even part of the profit has been fixed. At the moment, one can consider short-term trades also in the direction of...
🔸Today let's review the daily chart for brent oil . Noteworthy bounce in progress after accumulation near lows, speculative XABCD setup in progress. 🔸XABCD is defined by point X at 97.45, point A at 73.70, point B at 93.85, point C (confirmed) at 76.85, point D in progress at 105.30. speculative trade setup with advanced entry reversal at point C. 🔸Recommended...
Preferred direction: Neutral Comment: One of our best recent trades is long USDCAD . This trading idea has completely worked out and now we are already starting to look closely at selling. However, here too, the conditions and especially the entry point have not yet been formed. The most likely scenario (№1) is additional growth manipulation, as well as the...
Oil prices ended slightly higher last week after the International Energy Agency (IEA) and oil producer group OPEC jointly forecast strong growth in global oil demand and cold winter weather disrupted U.S. crude output, while the government reported a sharp weekly reduction in crude oil production. Crude oil is expected to continue to maintain a volatile trend...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 72.754 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 72.00 which is a level that sits under the 61.8% Fibonacci retracement level. Take profit is at 74.681 which is a...
Hello traders! Entry: 2046.30 Stop Loss: 2053.00 Take Profit: 2008.00 Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
#GBPNZD UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #GBPNZD. GBPNZD is will go high according to the HTF. The reason behind to this is that it is in the uptrend , Also we can see that if it comes to the mentioned level and then retest it and then give us any confirmation in the LTF...
Gold (XAU/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 2,039.27 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci level Stop Loss: 2,063.96 Why we like it: There is a swing-high resistance that sits above the 100.0% Fibonacci projection...
This month gold is very choppy, it remains the price action from August last year. Pretty much no sense to trade. My bias for today is still bearish. As gold is in a consolidation area, it will most likely move as it did yesterday.
World gold price stood at 2,020 USD/ounce, down 10 USD/ounce compared to the same hour yesterday morning. Improved optimism has had a significant impact on gold prices. Investors turned their attention to more risky markets such as stocks, causing gold prices to decline. Technical selling and a recovery in equity markets could be the two main factors limiting...
– Previous Daily candle closed Bearish around 2021.700 forming Daily Resistance around 2029.800 – Buys on close above 2024.800 targeting Daily Resistance formed around 2029.800, Leaving Runners to the 4h Resistance formed around 2035.500. – Sells on close below 2018.200 targeting 4h previous Resistance formed on 18th January 2024 around 2012.000, Leaving Runners...
As I mentioned in the Weekly Outlook video, I expected the fair value gap + the bullish breaker block to hold price, and provide support for a potential rally. It chopped since Tuesday, but we've seen the bulls come in and slowly start to move price higher. I expect that price will continue that move today. I am looking for price to pullback a bit, after taking...
Introduction: Hey there! Have you been keeping an eye on the gold market lately? It's been a rollercoaster ride, and there's a lot to unpack. Whether you're a seasoned gold bug or just dabbling in precious metals, understanding the recent fluctuations in gold prices is crucial. Let's dive into what's been happening with our shiny friend, gold, and explore some...
The Houthis say they are targeting ships which are Israeli-owned, flagged or operated , or which are heading to Israeli ports. However, many have no connections with Israel. US-led naval forces thwarted many of the attacks. Major shipping companies have stopped using the Red Sea - through which almost 15% of global seaborne trade usually passes - and are...
Dear friends, gold has fallen back to the 2020-2015 area as expected. I have advocated short gold in recent trading days, and we have also made relatively good profits in the gold short position. Gold is currently under short-term pressure in the 2030-2032 area of the day's high, so in short-term trading, we can short gold around the 2026-2030 area. At...