It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GOLD chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
Take a look at our analysis for SILVER. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 24.362. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 23.681 level. P.S The term...
After a bullish spike, I look for the formation of a channel to gauge the market's next move. It's a strategy that often reveals whether the initial surge is sustainable or just a temporary blip. In this chart, we see Gold forming an ascending channel post-spike, suggesting the uptrend may continue.
WTICOUSD - 24h expiry Previous resistance level of 75.34 broken. Intraday, and we are between bespoke support and resistance 73.51-77.10. The sequence for trading is higher highs and lows. There is scope for mild selling at the open but losses should be limited. The medium term bias remains bullish. We look to Buy at 75.00 (stop at 74.20) Our profit...
Hello,Traders! GOLD is trading in an Uptrend and the price Will retest the demand Cluster soon so I think That we will then see A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Our overview: RED SEA uncertainty regarding commercial vessel traffic routes still on focus. Waiting for the API data. Trends analysis: Primary(purple): upward corrective structure wave B, intermediate(green): corrective structure wave A, minor(yellow): downward impulsive structure wave 1, intraday(orange): downward impulsive structure wave 5. Our current...
Gold lost its clarity a bit, and price action became more stretched and wicky overall. However, until the invalidation zone holds, I'm still looking for long opportunities IF they present themselves on lower timeframes. Please show support by clicking Boost, asking some questions, or even following this page! Love you all!
Gold's upward trend remains strong, suggesting potential for further gains. I'm on the lookout for bullish signals that could indicate a continued rise and possible new highs.
The world gold price closed the trading session at a high of 2,053.2 USD/ounce, the gold futures price for delivery in February 2024 on the Comex New York floor traded at 2,064 USD/ounce. Gold has just experienced a strong increase and ended at the highest price in about 2 weeks thanks to the weakening of the US Dollar index and falling US Treasury bond interest...
Silver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 23.743 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 23.234 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci retracement...
USOIL has demonstrated a potential surge in buying pressure within the identified demand zone, prompting a bullish breakout amid the recent bearish trend. These significant levels are distinctly recognized on the daily timeframe. Presently, there is a perceived potential for a movement towards the major Order Block (OB) situated at higher levels.
Dear Colleagues, I suppose that the upward movement is not over yet. I expect the completion of wave 4 in the area of 50%-61.8% Fibonacci level 2046. It is possible that the price will go even lower, so keep an eye on the updates. Then I expect an upward movement with the aim to reach at least the resistance area of 2070.573. Manage your capital correctly and...
Today's world gold price listed on Kitco is at 2,067 USD/ounce, up 14 USD/ounce compared to early yesterday morning. Gold prices rose slightly thanks to the weakening of the USD and falling Treasury yields as expectations grew that the US Federal Reserve (Fed) would reduce interest rates next year. A weaker dollar makes gold priced in that currency more attractive...
– Previous Daily candle closed Bullish around 2067.800 almost tapping a Daily Resistance formed on 4th December 2023. – Buys on close above 2072.000 targeting 1h Rejection formed on 4th December 2023 around 2076.500, Leaving Runners to the 15min previous Support formed also on the 4th December 2023 around 2083.000. – Sells on close below 2063.500 targeting 4h...
Nat Gas Bulls cant seem to find any momentum continuation. Lots of chop and slop is forming on the daily chart. This choppy action could be shaping up for a new low after we get tag the next resistance.
Gold OANDA:XAUUSD just breaks SMA and EMA lines on high timeframes , that means a big mouvement is coming . Scalpers be careful ! As It shown on weekly and monthly timeframes that the yellow metals breaks his highest resistance ever and retested those previous weeks . And for now he will be looking for a new high .
In recent years, many of us acknowledge that the term "recession" has been appearing in news and social media outlets at an increasing rate. While it acts as great clickbait, most sources tend to avoid to avoid a more fundamentals data driven approach, but rather are preferential an opinionated viewpoint from which their viewers can relate. Here I propose a more...
Hello 👋 it's me your RAJ 🙂 professional trader ✨ This idea 💡 is completely my own analysis on GOLD TVC:XAU 🪙 How this comodity valid for long term 📌 explained as per technical clearly 📌 #DYOR Note 👉 I am analyst and trader on cryptocurrency BITSTAMP:BTCUSD & stocks I don't know about comodity market much , but my friend asked to do analysis 📌 based...