in the last sell order. Traders who followed made huge profits. This is cause for celebration. Friends who have read my previous views should know. I said that gold has no dominant news impact today. Suitable for swing trading. The current position of gold has reached the buying point of our range trading. So next I will focus on buying. 2033-2034 buy Tp:...
My reasoning of why silver will retest the 200 weekly. 1. The Dollar (DXY) is in a downtrend. I believe It is on its way to the 200 weekly moving average but before that happens I believe there will be a small rebound. 2. I believe the DXY is going to have a rebound as the daily RSI is nearly indicating oversold. 3.Silver is in a rising wedge pattern and it is...
With the EIA data today, the market is bound to experience significant fluctuations. From the current point of view, I think the probability of an upward trend is relatively high, so my trading strategy is to go long. During this process, since the fluctuations will be very large, you must do a good job in risk management and never let your transactions bear...
Hello my trader we have head and shoulder we have supply from left shoulder we have minor uptrend we have breaker two trend line they made reference trend through vertical arrow or horizontal
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a short time ago started to trade in a wedge, where it rebounded from the support line and rose to the resistance line, thereby breaking the support level, which coincided with the buyer zone. After this movement, Gold made a correction to this zone and...
FOREXCOM:XAUUSD strengthens and tests the local high but fails to reach the key resistance at 2050. A strong consolidation above the 2030 level and subsequent momentum is forming. On D1 we see the potential that the market is aiming for. On the background of weakening TVC:DXY , on the gold market bulls form a strong support area below 2030 after which...
My dear friends, Please, find my technical outlook for USOIL below: The price is coiling around a solid key level - 68.52 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 70.25 About Used Indicators: The pivot point itself is simply...
Gold is getting stronger amid favorable fundamental background that emerged after the Fed chief's speech. He suggested for the future that they are preparing to cut the interest rate and the high dollar may come down. Speculators took this as a favorable wind and started buying the asset again Reasons for further growth ↑: 1) The market bought back half of the...
Our last few analysis on Silver have played our perfectly. We identified we were in a 335 flat correction and we caught the wave B move higher. We're expecting 5 subwaves for wave C and we've seen subwave 1 and 2. Looking for subwave 3 now. Trade Idea: - Watch for the next wave lower - Anticipating price to stay below the highs = stops go above the highs - No...
Gold Extends Weekly Rally on Fed's Dovish Pivot, Eyes $2060 Target Gold prices continue their upward trajectory during Friday's early European session, set to conclude the week with a 2% rally. This positive momentum is largely fueled by the Federal Reserve's (Fed) recent dovish pivot, resulting in a notable decline in the US Dollar (USD). Despite Thursday's...
Crude Oil is currently testing a solid horizontal supply area on a daily. Analyzing a 4H time frame, we can spot that the market is currently weak & consolidating. I see an example of a classic inside bar formation. 71.4 is the lower boundary of the range of the mother bar. Its breakout - a 4h candle close below will be a strong bearish confirmation. A...
For newbies. It is often more reasonable to follow a good trading signal than to trade randomly on your own. A good trading opportunity has arrived. Yesterday, I continued to do range trading and continued to make profits. I believe that friends who follow have made good profits. Good trading continues around the range today. There is currently no leading...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Head and Shoulder as an Correction in Short Time Frame. It has completed the Impulsive Waves " 12345 " and " ABC " Corrective Waves. Rejection from the Previous Resistance or Fibonacci Level - 61.80% Entry Precautions : Wait for the Proper Rejection
Palladium (XPDUSD) has been trading within a Channel Down pattern since the October 04 2022 High. Today though, the price broke, marginally so far, above it for the first time after a strong post-Fed 1D candle. This rise was initiated on a Lower Lows trend-line but on an underlying Bullish Divergence as the 1D RSI was during the same period on Higher Lows. This...
Hello,Friends! GOLD pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 2055.373 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is...
Hello,Friends! Previous week’s red candle means that for us the GOLD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2042.095. ✅LIKE AND COMMENT MY IDEAS✅
Hello TradingView Family / Fellow Traders, 📌 Weekly: Left Chart From a long-term perspective, Gold appears to be confined within a range, currently nearing its upper boundary. As long as the 2100.0 resistance holds, the possibility of a bearish correction persists. Confirmation of a bearish reversal setup would depend on lower timeframes. 📌 H1 : Right...
We are in a sideways phase of the long movement, with a clear long context, at least until the price consolidates below the PDL. As long as we are trading above it, only long positions are considered valid.