Dear friends, in today's trading session, XAUUSD is showing signs of an upward movement within a price decline. At the time of writing this article, the price is trading around the range of 2025 - 2027 USD, marking a 0.39% recovery and an approximate increase of 8 USD. It can be seen that over the past two weeks, the global gold price has experienced slight...
– Previous Daily candle closed Bullish around 2032.600 above recent Daily Resistance, forming new Daily Support around 2018.600. – Buys on close above 2037.200 targeting 4h previous Support formed on 12th January 2024 around 2044.200, Leaving Runners to the 1h Resistance formed on 16th January 2024 around 2051.200. – Sells on close below 2024.800 targeting Daily...
Sharing CL update from TTR. Will be updating CL once a week or so. CL is trending above its 5EMA on a daily level; first support sits at 76.10, and the main support is at 74.55± The main target is above 82.50 Bullish trend was just started imo
hello guys , after today it seems like gold want to move up here is why : first of all On the daily time frame we have a double bottom Today the price broke a key trendline which he rejected for quite some time the price also broke last 30 days point of control (poc) which means buyers beated the sellers. also the close of the daily candle indicates a...
In today's trading session, our attention is on USOIL as we consider a potential buying opportunity around the 76.30 zone. USOIL is currently in an uptrend, and amidst a correction phase, the price is nearing the key support and resistance area at 76.30. Traders should view this as a potential entry point for long positions, given the ongoing uptrend in USOIL....
Overview on daily timeframe (same analysis of the previous one, with more details)
After tensions escalation i'd say that crude oil is definitely bullish at least to 84.5 $/barrel. Then we'll see.
Hello,Traders! SILVER was trading below The falling resistance But now we are seeing A bullish breakout so I am now locally bullish Bias and I think that we Will see a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
FOREXCOM:XAUUSD has been testing trend resistance since the opening of the session. At the same time, the dollar index continues to consolidate, but within the upward trend. Regarding the trend resistance XAU we observe a retest, if we pay attention to the volumes, they are absent. What is the probability of a short-squeeze in such a case? The market may go...
The 218wk long term cycle suggests an upcoming top in the Gold-To-NatGas ratio which in alignment with key lows in the underlying nat gas prices. (this analysis results in long on nat gas, not gold!)
Main tops in the Gold-to-NatGas ratio indicate low in the underlying commodity and vise versa. I am sharing weekly 218wk cycle and the daily 255d cycle. Both form a cycles-within-cycles alignment in regards to time. The cycles-top in the ratio suggest an upcoming key low in the raw US gas prices. (this analysis results in long on nat gas, not gold!)
In our last analysis we identified a perfect breakout trade. We explained exactly how to enter - both risk entry and safe entry depending on your appetite. Setup played out perfectly resulting in a massive 450pip gain! What we now have is a typical correction before the next breakout. We could create a complex abc correction so if looking to trade the next...
Gold edged higher to start the week as the improving risk mood made it difficult for the USD to find demand in the absence of high-tier data releases. A Bloomberg report claiming that China was considering an equity market rescue package worth about 27 billion USD triggered a rally in global equity indexes. On Tuesday, Gold failed to build on Monday’s gains,...
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GOLD pair price action which suggests a high likelihood of a coming move up. ❤️ Please, support our work with like & comment! ❤️
Hey Everyone, Great start to the week with our chart idea playing at once again like a broken record. We started the day with our first bullish target at 2022 being hit. We then had ema5 cross and lock above 2022 opening 2033, as suggested yesterday with plenty of time to get in for the move. - This was hit perfectly completing 2033 target Ema5 failed to then...
Over the weekend, a U.S. military base was attacked by a drone in Jordan, killing three and injuring 25. This was the first time a U.S. soldier was killed in an attack in the Middle East since the new round of Palestinian-Israeli conflict. Last week I also emphasized that gold still has room to rise. The current high point of gold is 2033. This week’s data...
Crude oil is in a strong upward trend, but there has been no major correction in the past week. Today, we will focus on the resistance of 77~77.5, and look below to the support near 75.5.
GOLD has once more adhered to the upper boundary, showing resilience against the hourly resistance near the 2040 mark. Anticipating a downward movement, we foresee a retreat in prices towards the established bottom support at the 1980 level. Despite the ongoing bearish expectations, it's noteworthy that the breakout on the major trend and bullish channel persists,...