WTI oil (USOUSD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 72.687 Why we like it: There is an overlap resistance level Stop Loss: 74.111 Why we like it: There is an overlap resistance that lies above the 50.0% Fibonacci retracement level Take Profit: 67.958 Why we...
Hello my gues Gold fell when it reached a new historical resistance level of 2148, and when it fell, the price made a statement and not reversed the trend because some bears withdrew their profits from 1975, which is similar to the previous historical resistance level of 2075, that is, 75 is a common number between support and resistance, so I think that the...
The past two weeks have been marked by significant volatility in the price of $OANDA:XAUUSD. Initially, Gold experienced a strong spike, reaching a new all-time high at 2150. This was followed by a robust reversal, causing the price to drop below 2,000 and breach several crucial support levels. To add to the complexity, the price surged once again last week,...
XAUUSD has recently displayed a ChoCh pattern on the hourly timeframe, counteracting its prior bullish order flow. The formation of a Breakout Structure (BoS) indicates a potential downside momentum, with an anticipated retest of the Order Block (OB) and the Former Value Gap (FVG) responsible for the bearish order flow. Currently, we exercise patience as we await...
Friday as usual surprised with a good decline on Gold. My bias remain bullish for this week. If the current candle close as strong bullish manipulation, most likely gold will continue up, but if it fails, it will give us better price to buy again. No need to rush it is only Monday and as we already saw markets are not much liquid. The London session will...
Gold prices eased slightly for Friday but remained on a weekly uptrend as the outlook for the U.S. Federal Reserve's fall in borrowing costs weighed on the dollar and Treasury bond gains, providing demand. for safe hidden assets. Spot gold XAU= was down 0.1% at $2,033.29 an ounce, as of 01:13 GMT. However, Li gold has increased by 1.5% this week. US GCcv1 gold...
World gold prices today continued to increase with spot gold increasing by 11.9 USD to 2,035.8 USD/ounce. Gold futures last traded at 2,050.9 USD/ounce, up 11.3 USD compared to yesterday morning. The Federal Reserve's signal that interest rates will fall in 2024 has created some good momentum in the gold market, and that should lead to record high prices in the...
As 2023 is wrapping up, XAUUSD has it intention of a gold wrap: watch out the organized pattern and roadmap to her nearest top with an unsure beginning (3-5-3 lead diagonal) correction of sure sellers but at this time the buyer is gaining power to the knowledge of "BULLS in charge of TREND" after this confirmed, the bull charging begin. Be alert and happy trading!
- XAUUSD has a short-term downtrend with the potential to form a descending price channel. - Consider selling in line with the short-term trend, waiting for a rebound around 203x to initiate a Sell order if there is selling pressure at this level. - Sell in the market when there is a confirmation of a Breakout below the 2015 support level (H1 closing below 2015).
Crude oil Gapped upon market opening due to Russia making a statement on Sunday stating they will potentially do a 50,000 Barrell cut a day for the month of December; amid Moscow suspended about 2/3 of its main export grade of crude from parts due to a storm and scheduled maintenance on Fridays. Oil gapped to 72.47 touching our first TP on the pivot...
– Previous Weekly candle closed small Bullish around 2019.800 forming Weekly Support around 2004.000, Friday Daily candle closed Bearish forming Daily Resistance around 2036.400. – Buys on close above 2023.500 targeting 1h previous Strong Support formed at 2030.200, Leaving Runners to the Daily Resistance formed on Friday around 2036.400. – Sells on close below...
World gold price is at 2,020 USD/ounce. Volatility in the gold market this week is said to be difficult to predict as investors continue to evaluate the US Federal Reserve's (FED) updated economic forecasts announced at its final policy meeting. in 2023. In addition, investors and traders will also be watching a number of important reports, including the personal...
In the 4-hour chart, a consecutive positive rebound broke the weak decline and returned to the mid-track shock. Judging from the closing situation of the K line, the short-term rebound is still strong. The hourly chart rebounded based on the downward test of 67.70, and stabilized the upward trend from 69.50. The 4-hour chart reversed the weakness. In the short...
WTI oil (USOIL) is trading close to an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 72.264 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 75.089 which is a level that aligns with the 61.8% Fibonacci retracement level and sits above an overlap...
Hello beauties I still see the structure as bearish according to the previous analysis Of course, I also drew the daily structure in the picture for you Be careful with your investments, these images are just an analysis and anything can happen I would be happy if you share your thoughts with me about this analysis I wish you success
Reviewing the global supply and demand dynamics for USOil clearly indicates a tightening of the oil market. There is also an increased global economic activity, growing energy demands, and potential disruptions in oil-producing regions contribute to a positive outlook for oil prices. If you are considering long positions in USOil, then you should remain vigilant...
I expect a big further move down for gold to the next big support zone before bouncing back up.
Hello I love gold, it's really an analyzable and volatile symbol that can make a lot of profit every day. Let's analyze it for this week. I hope it will be profitable for you too