Pure technical analysis. After a fairly strong bearish movement on Thursday and Friday (1 & 2 Feb 2024), USOIL touched the lower channel (D) at a price of 71.798 and seemed hesitant to continue the downward movement at the end of market closing. The formation of leg D is predicted to form rejection so that market movement will reverse to complete wave E at...
The XAU/USD pair on the M30 timeframe displays a potential buying opportunity due to a recent a symmetrical triangle pattern. Key Points: The price has been trading within a symmetrical triangle formation characterized by converging support and resistance lines. This often indicates indecision before a decisive move. Buy Entry: Consider entering a long...
– Thursday Daily candle is 2nd Daily candle closing Doji Bearish for this week, leaving 140 pip rejection wick to the downside as price retrace back into recent 4h Consolidation Zone. I’ll be looking for potential Buys above 2039.000 targeting 4h Rejection formed on Wednesday during New York Stock Exchange session (2044.800) and 1h previous Support formed on...
Gold Price Recovers After NFP-Induced Slump The gold market experienced a tumultuous ride following the release of robust US Nonfarm Payrolls (NFP) data, leading to a significant price swing. This article aims to provide insights into the factors influencing gold's recent performance, combining both technical and fundamental perspectives. Technical Analysis:...
According to the formed pattern, it can be expected that with Kendley's confirmation, she entered the short trade in this range for the specified purposes.
Good evening and i hope you are well. wti crude oil bull case: Amazing day by the bulls. They broke strongly out of the bear flag and made the market always in long on the daily so i expect follow through to 78 or higher. bear case: Bears see this as a trading range and they want the market to form a lower high below 78. After such a strong move on the...
OANDA:XAUUSD closes Wednesday's session with a minimal range of motion. The market is getting tighter and tighter every day, volatility as well as volumes are decreasing. The calm before the storm. Today, at 13:30 Initial Jobless Claims are published, at this time the dollar in the correction phase is testing the consolidation area and in all likelihood may...
Hey Everyone, As you can see our levels on this chart are being respected perfectly with each of our weighted levels giving us the bounces and rejection to be able to track and trade the movement level to level. After completing 2040 we got another retest on the retracement range, which gave the bounce into 2036. We then had another re-test at the retracement...
Today I have the perfect signal to share with you. The key position of gold price tomorrow is still the 2028-2030 range. Gold will test this price range here, 1. If the price of gold falls below the 2028-2030 range, then I suggest that everyone’s buying range is 2020-2022. 2. If gold rebounds in the 2028-2030 range, the upper suppression point in the...
Hello, I hope you are doing well We see gold chart in 1 hour time frame. We saw a drop for gold on Friday after the nfp data release. Further, selling pressure on gold has been maintained and managed to break the important demand area downwards. At the moment, we are on the demand zone, where we have to wait for this candle to close. If candlestick or price...
In my comment from yesterday, I argued that even if the price managed to break above the 2030 interim resistance, my outlook remains bearish. During the trading day, bulls failed once again at the peaks and were unable to keep the price above 2040. The rise from the 2015 zone is corrective in nature, and when considering the formation of a small head and...
The overall sentiment for gold prices in February is bullish. While the medium-term trend is sideways, the year of the Wood Dragon and technical indicators suggest potential for upward movement. Year of the Wood Dragon: According to Chinese tradition, the year of the Wood Dragon is considered an auspicious time to save in gold. This could potentially drive up...
I think gold will retest his lows in 2016.5 - 2014 area before the distribution phase starts. Follow for more ICT Analysis
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price bounced from resistance line to support line of wedge, breaking $2005 level, which coincided with support area. Then price turned around and made strong upward impulse to resistance line, breaking $2005 and $2065 levels. But then Gold bounced...
Take a look at our analysis for GOLD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2033.920. The above observations make me that the market will inevitably achieve 2050.000 level. P.S We determine oversold/overbought condition with RSI...
#GOLD #XAU #XAUUSD #Update "B" #Short #ShortSetup #Eddy I checked and analyzed a little more, I needed to move my stop loss... Related GOLD Analysis : (( XAU/USD )) : Check Link : Firt GOLD Analysis : (( XAU/USD )) : Check Link :
In the daily time frame, the price is in the ascending channel. By examining the lower time frames, we see that the price reacted well to the bottom of the channel. Therefore, the expectation of price growth to the specified range is not unexpected.
Hello,Friends! The BB lower band is nearby so SILVER is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 23.280. ✅LIKE AND COMMENT MY IDEAS✅