Probably now you'll see a lot of arrows pointing down all over TV. However, keep in mind two simple facts in play: Gold reached ATH recently, and second - it sustains a clear bullish trend. With that said, if bullish will remain clear in entry timeframes - I'll follow. My second expectation is gold just falling into an unclear flat market. I DO NOT recommend...
Pohkong Price still inside a big triangle while Gold already breaking ATH. But both still in "ranging market" in next 2,3years.
Gold (XAUUSD) has made a new All Time High (ATH) today early during the Asian session opening amidst the attacks in the Red Sea, peaking just below 2150 before being sold-off on each passing hour. Regardless of the pull-back, this managed to make a new ATH after almost 3.5 years. There is technical evidence however showing that if the current weekly (1W) candle...
#USDCAD UPDATE Hi team, hope you are enjoying your trading journey. We are here to update our analysis about USDCAD. USDCAD can be move towards up side, as it reached at the resistance point , so it should retest the newly formed support, we will execute our entry after looking confirmation in the LTF like 15 min or 5 min.✍ PATIENCE IS THE KEY OF SUCCESS IN...
#EURUSD UPDATE Hi team, hope you are enjoying your trading journey. We are here to update our analysis about EURUSD. EURUSD will go down soon. Reason is that it breaks the short time trend line and change the trend to down side. Here we will see an impulsive move to down side if it retest the mentioned level.Manage your risk properly traders.✍ Stay with...
Our overview: Definitely OPEC+ policy disappoint the market. The Cot report released Friday, referring to data until the previous Tuesday, then few day before the OPEC+ meeting, highlighted that the commercial barely increased(1%) their net long positions in options, reverting the trend of the previous report. Furthermore, a news from 'businessinsider.com' say...
XAUUSD's price need to break 2031.05 , which is wave (iv)(red) to confirmed muti months peak @ 2144.64 or else price could reach 2160 +/- on New York Session.
Gold has opened up lower today. Supply and demand zones have been drawn out. We can potentially see a move back up from these levels. The Asian session has been quite quiet, in London we can see more buying volume.
Brent crude oil looks to have made the 1st leg lower in a new long term downtrend Trade: Wait for bounce from recent thrust lower to cluster of resistance to go short
It's a pretty clear long-term horizontal range in gold. The break of a downtrend line suggests another test of the range top. Here is a bullish scenario for what follows. The Trade- enter at the breakout, add more on the pullback, cut losses if price moves back into the range or add more on the break of the high formed after the break - then ride it to 2200 and more...
#NZDUSD UPDATE Hi team, hope you are enjoying your trading journey. We are here to update our analysis about NZDUSD. NZDUSD will go down for short term basis, as it reached on its peak point and on its resistance level, we can see a some pips down side. ✍ Stay with traders for learning and earning as well. Enjoy our trading analysis with ease points.
Soybean prices have been on a rollercoaster fuelled by turbulence over the last month amid elevated weather concerns, changing production yields, and geopolitical upheavals affecting prices. Winters are vital for bean traders. This paper delves into the various forces at play to guide traders and portfolio managers to navigate through the rough weather....
XAUUSD currently forming a "unfinished" long tail daily and "finished" long tail 4 hour "scary" pin bar for "Gold's Bull Chaser"! BUT, but.. the "Red Bull" probably only "exhausted" on New York Session @ 2150-2160 +/-. (Detail on next lower time frame chart )
OANDA:XAUUSD is making another rally and updating the global high to 2075.4, but at the same time there is a huge imbalance in the market. Distributive retest of the resistance zone and several preconditions allow me to think about a possible correction. In the coming week we will encounter several important news that will determine the market mood and...
In last week's analysis, I stated my expectation for growth in the price of Gold and recommended buying dips rather than attempting to sell into a potential correction. On Friday, bulls successfully broke above the small corrective bullish flag, achieving a new all-time high and closing the session at this peak. The Asian session opened strongly, witnessing an...
Revisiting SILVER and well... this is looking very SPICY! My last chart in July 2020 was spot in with the spike from 18- 30 dollars. Now we are sitting at approx. 27 dollars. Where do we go from here? UP! The previous old chart had a bearish Crab pattern, but this seems more like a bearish SHARK Pattern which is trailing a MONSTEROUS bullish Butterfly pattern. The...
USAU has been in an ascending channel on the 30-minute chart with the rise in spot and future gold prices. With earnings coming in the next day, price broke out of the channel the top line of which is now supported albeit without a retest. The relative volume indicator shows in 3-4X volume surge in the past week while the RSI level is now up from 50 to...
- XAUUSD has an upward structure. - A good buying support level 1 is at 2050, and level 2 is at 2018. If there is any signal indicating selling pressure exhausted at these two buying levels, consider buying up.