Silver is close to breaking the 665-day Triangle Pattern. Silver is oversold and undervalued now. They have tried to reduce the price in volume for 2 days, but the price does not accept below 23. From now on the only direction is up. I also expect a big decline on Gold/Silver Ratio. Downtrend on DXY to continue and gold to perform well this week which is good for...
Our overview: Conflicting API data once again suggests caution. Big draw in crude counter with big build in gasoline and distillates. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 2. Our current strategy: Still moderately...
Gold seems to be bullish for upcoming days if breaks the resistance. A clear 4h candle need to be closed above the resistance for confirmation. Short trade can be placed.
By re-examining the Bitcoin chart in the 4-hour time frame, we can see that after an initial correction, the price was able to grow up to the supply range that we specified and corrected to $44370, after that it was again accompanied by demand pressure and was able to A powerful breakout to grow above $47,000!! Soon, we will witness the fall of Bitcoin to fill the...
USOIL the best way to use the trading opportunity is to wait for the sell zone 75.00 - 76.00 Or wait for support level 69.79 for the buy trade. Long term traders can buy the market now with a 76.60 target. SL ( Set a uniform set of 15$ ) only for your reference and you can set it according to your free margin.
Hello Traders ! On Monday 08 January, The GOLD Price Reached A Support Level (2013.702 - 2021.000). Currently We Have 2 Scenarios: Bullish Scenario📈 If The Price Breaks and Closes Above The Resistance Line ! We Will See a Bullish Move... TARGET: 2071.000🎯 Bearish Scenario📉 If The Market Breaks The Support Level (2013.702 - 2021.000) and Closes Below That We...
Gold is still has buyer in this levels and bull dont hesitate to long in any level. On my view, this consolidation is like flag pattern to shoot price to 2090-2100 zone. Trade safe. Good luck.
In my yesterday's comment, I said that OANDA:XAUUSD could have found a bottom in 2020 important support. After a spike in 2040 local resistance during yesterday's session, the drive dropped again, but this time stopped at 2024 making a higher low. Although the falling trend line that started at the beginning of the year is not broker to the upside yet, there are...
Crude is under pressure of fear of recession and can goes down again. Upper line of broad channel is so strong and can push price to 68.00 zone. Trade safe. Good luck.
🔸Hello guys, today let's review 2daily price chart for gold. Ongoing accumulation in progress since 2020, strong chart overall, however expecting short/mid-term weakness before reversal. Accumulation not complete yet, final low print required to complete the sequence and flip market into bull mode. 🔸Range lows defined at 1715 usd, range highs set at 2000 usd,...
Gold prices fell on Tuesday as the US dollar rebounded on renewed uncertainty about the Federal Reserve's monetary policy path. The dollar index, which tracks the greenback against a basket of major currencies, rose 0.3%, making gold more expensive for international investors. Some analysts believe that the Fed could take a more hawkish stance than previously...
TVC:DXY FOREXCOM:XAUUSD OANDA:EURUSD Are all setting up for the same move so we need to pay attention. GOLD - after going through the ABCD down yesterday it now looks as though its going to be headed lower to complete the bigger ABCD down towards 1920 and the next day or 2 will give us the set up. DXY - looks like it wants to push higher towards the...
After setting a local higher high, Gold retraced. It is currently testing a wide horizontal demand area on a daily. To buy the market with a confirmation, watch a bullish flag pattern on a 4H. Bullish breakout of its upper boundary will be your strong bullish confirmation. A bullish continuation will be anticipated at least to 2075 then. ❤️Please, support...
FXOPEN:XAUUSD had a break yesterday but didn't quite get to the targeted Sell area. Now we look for more downside and a Target of 2k to complete the ABCD pattern down. The other option is a rally from here up towards 2050 to tie in with one more move to the downside for the DXY. Plenty to watch for today. Enjoy the day.
#EURCHF UPDATE Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about #EURCHF. Traders, Anna is monitoring the Forex pair #EURCHF. EURCHF was in the strong down trend according to the 4 hr time frame. Now here we can see that it formed a symmetric triangle and then liquidate...
AS shown on a 4H chart, UNG which tracks natural gas futures has been rising now for three weeks with the typical demand of the winter months and the cold weather impacting new supplies while Russia's war continues. Volumes are relatively high while dual TF ( 4H and 1Week) crossed the 50 line on December 28. Price has now crossed over the Fib -.5 line of...
XAUUSD Technical analysis for 10 Jan 2024 The overall trend of gold continues to be upward, persisting in the direction it started in October 2022, and the trend has not changed despite passing through temporary corrective periods. At present , the price is seen reaching the upward trend line at the current price of $2030 per ounce, supporting the technical...
This is a longer term view. It may take a couple of weeks to play out. The Breaker Block + FVG pose a strong bullish indication that price may head higher. The BB represents the turning point in the trend, from a bearish to potentially bullish market. Not to mention price is going from an ERL to an IRL, potentially.