The analysis on XAU on the higher time-frame is a sell bias but its currently on the sell retracement on lower time-frame It's next expected reaction is at 2059 and then sweep down to 2039-2030 as our next POI Follow me for more updates and helpful analysis 👍
hello everyone, dont forget to have a good money management. its almost 99% oil will go to 70 85% to 68 70% to 65 , after breaking the 65 it will be super downfall to 57-59 happy new year and merry christmas Happy Holiday
In 2023, XAUUSD achieved a significant milestone by surpassing its previous all-time high of 2073.507, set in August 2020, and reaching a new peak at 2148.714 in December 2023. Presently, the price is situated at a major resistance zone. If the price successfully closes above this zone, it could indicate a potential continuation of the uptrend with a retest of the...
From the resistance area of the four-hour period, we saw the price return, which made it break its previous low in the one-hour period, create a new low, and again record a lower level than before. -Now the price reversal has been confirmed by the resistance zone and we are witnessing a change in the trend. -For selling positions, we should wait for the price to...
Our overview: Despite EIA report a big draw in stock and the impact of the Red Sea commercial routes disruption, is still not clear, the market experienced a deep selloff. In our opinion due to end of year portfolios correction and take profit. Trends analysis: Primary(purple): upward corrective structure wave B, intermediate(green): downward corrective structure...
Hello Traders ! On Monday 18 Dec, The USOIL Reached a Resistance Level (74.03 - 74.75) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, We Will See a Bearish Move... TARGET: 69.50🎯
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So far gold dropped nearly 8% from the new ATH without any significant pullback, bringing a lot of money to market makers, who created the fake move. At some point a pullback should happen, but it's hard to tell when. The first structure support at 2000 was already violated today and we reached to 50% retracement within a really short period of time considering...
– Previous Daily candle closed strong Bearish around 2065.300 forming Daily Resistance around 2077.200 as current Weekly candle retraces respecting recent Weekly Resistance formed on 4th December 2023. – Buys on close above 2069.000 targeting 4h Resistance formed around 2075.000, Leaving Runners to the 30min Resistance formed around 2080.000. – Sells on close...
Silver has formed the Right Shoulder of a Head and Shoulders pattern. A Right Shoulder targeted on August 30th target the previous Low/ Support. Trading Plan: 1. Sell on the current market price. Targets: 1. 22.520 (Support 1). Tips: 1. The RSI (1d) is about to cross under the MA trend line. This will be the sell signal's confirmation. Please like, follow and...
✅CRUDE OIL will be retesting a support level of 72.00$ soon From where I am expecting a bullish reaction With the price going up but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hey Everyone, A perfect finish to the day with our final target HIT completing this chart idea. Yesterday we hit our target at 2071 and was just short of the final target at 2086, which was left open and completed today - BOOOOOM!!! We also stated if ema5 fails to lock above 2086 we will see a rejection to weighted support at 2071 or 2063. Once again 2071 was...
Market participants will be watching developments in the Red Sea closely as a drone attack on an oil tanker raises concerns about shipping disruptions. Additionally, ongoing Israeli military strikes in Gaza remain a major driver of sentiment. On the 1H chart, OIL is in a blocked upward trend. The upper pressure is 74.4. If it stands firm, it will return to the...
Let's keep looking at the US #Dollar again. Weekly, the RSI is still forming a Positive Divergence. Daily, TVC:DXY is also forming a Positive Divergence. It's also oversold. These are the 1st signs of a POSSIBLE turnaround for the currency. It's still early but those that are open to risk COULD initiate an opening position that could turn out interesting....
Gold continued to work its way up the chart and finally managed to surpass last Friday's highs in the course of yesterday's trading session. The precious metal thus made good progress in line with our primary expectation. We consider it only 35% likely that the turquoise wave alt.B has already been completed and that gold is about to sell off directly below the...
Happy New Year, everyone! DXY has signs of rebound in the short term. From a combined perspective, gold trading should still focus on high short positions. First observe the resistance near 2061. If it cannot break through, go short directly. If it breaks through, the upper 2066-2071 is still an opportunity to go short. The support is 2052-2047, followed by...
OANDA:XAUUSD FOREXCOM:XAUUSD Hello dear traders. Gold is expected to rise to around $1,993 by the time the FOMC meeting begins. After that, the xauusd process will go through two scenarios. If the price does not stabilize above 1988 ---> the bearish scenario is more likely If the fork structure breaks and gold consolidates above 1988, gold could...
Hello,Friends! SILVER pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 24.389 area....