Since September 2023 the price of WTI crude futures has been painting almost a textbook wedge into the 68/69 support zone. Aggressive traders might find the current price to be a good buy point, depending on their drawdown tolerance.
Gold still under selling pressure atm. Follows a bearish channel wich keeps making lower highs and lower lows. 2017 is a support level wich is important for gold. If gold wants to move any lower it need to break 2017 level in order to fall to 2006 and 1991 support levels. Best thing we can do is keep selling the market. But if gold manage to break above 2050 then...
Today will usher in the most important data of the week, the US inflation indicator CPI in December, which is the consumer price index. Judging from market expectations, the 3.2 data is slightly higher than the previous value of 3.1, which means that the market generally believes that US inflation has already After a continuous downward trend, it has begun to...
The U.S. EIA crude oil inventory unexpectedly rebounded. Although oil-producing countries such as OPCE+ and Saudi Arabia are fully confident in stabilizing the crude oil market, the market performance is poor and the demand side is relatively weak. As a result, oil is currently in a range-bound state. Usoil:sell72.75-73.1 TP:72.3-72 SL:73.3 In volatile market...
Looking to short GJ next week, although a break of this 184.100 zone could push GJ to longs targeting 188.60 area (8/1/24) Zoomed out onto 4hr HTF, from here I am looking to enter within that OB thats present, targeting a FVG around 180.00 Using a new indicator by @nephew_sam_ so looking forward to 2024 using this. Upon technical analysis, I can see the finish...
#XAUUSD There is very important cpi news during the US session today, and gold prices may fluctuate violently. You need to pay attention. We can see that gold prices are trading sideways in a downtrend. The 2040-2042 area is a very strong resistance area. I have the following two situations: 1/ If gold prices break through this area, a double bottom pattern may...
before you read any further read my post from may: --- in may of 2023 i called the top on oil and projected we come down into the $50-60 range. we ended up playing it out quite flawlessly. a lot of people were very angry at me for whatever reason back when i was calling for the top, probably due to their elevated levels of confidence and greed. those people...
So what is up guys, I haven't had the opportunity to sit down and produce an analysis on gold over the last few days as I have been extremely busy working with students or other businesses that I run, I will admit my attention has been pulled away from the charts in the last few days but I am back and I am here for the day (I hope lol) So looking at the monthly...
By checking the gold chart in the 4-hour time frame, we can see that the price is trading in the range of $2035 and yesterday, as I expected, the price could grow to the range of $2043 and after that it will fall again! The important demand range in the 4-hour time frame is $2031, which can have an initial reaction to this level, and if the price can stabilize...
By examining the GBPUSD chart, we can see that after collecting liquidity below the demand range of 1.269, the price was accompanied by more demand and was able to grow up to 1.2735! I expect the price to fall after entering the supply range of 1.27360 to 1.27650! Among other supply ranges, we can mention 1.27880 to 1.28270! Demand levels are 1.27130, 1.26715 and...
Dear friends, First of all, congratulations to everyone who followed the long gold trading yesterday and made a good profit.After gold rebounded to around 2035, it then fell back. It is currently trading near the 2031 level. We can see that gold has been particularly weak during the rebound. Moreover, the position of 2035 happens to be the pressure at the channel,...
price are coming down from 2088 level on h4 time frame price is making lower low with lower high a clear down trend below yellow if trend line breakout instant bullish from 2016 but until breakout it is bearish
Hello,Friends! We are targeting the 71.33 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price made upward impulse to resistance level, which coincided with resistance zone, but soon bounced down. After this, Gold rose higher resistance level and then started to decline in falling channel. In channel, price declined below $2070, breaking it...
Hello,Friends! We are now examining the SILVER pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 24.394 level. ✅LIKE AND COMMENT MY IDEAS✅
Gold will quick move support will be 2020 Buy Target 2060 Soo my point of view gold will spike buy What you think about gold today Setup Gold buy 2033 Target 2060
Gold Setup H1 Time Frame | CPI Data News Hey Traders ❗️ Welcome back hope you're doing well This is our 5 analysis on Gold Setup These idea not based on sell or buy Its based on #Levels and prediction On this Setup we catched more then 700 #pips As you guys seem #Gold currnet point at 2033.65 We draw the two circles at 2040 and draw the line at 2047.00...
Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2027.577. Taking into consideration the structure & trend analysis, I believe that the market will reach 1980.020 level soon. P.S We determine oversold/overbought...