Please, check our technical outlook for GOLD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2065.467. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2054.705...
We are approaching the last days of the year and soon the annual gold candle will be closed! Last year, the lowest price of gold (Low) was $1,614 and the highest price (High) was $2,070, but finally the 12-month or one-year candle closed at $1,823! In 2023, the price of gold recorded the lowest price (Low) of $1804 and managed to record the highest historical...
By re-examining the gold chart in the daily time frame, we can see that the price with a powerful growth up to $2088 was able to enter the supply range specified on the chart and faced selling pressure from the same range and is currently trading in the range of $2072, we have to see if until the end Today, the price will penetrate and stabilize below $2069 or...
WTI Oil (USOIL) got rejected two days ago near the 1D MA50 (blue trend-line), which has been the downward Resistance since October 24, despite the fact that the price marginally broke above the 3-month Channel Down. As long as it stays below the 1D MA50, the trend is bearish and we will target the 68.00 Low. On the long-term though, this is a huge Buy Zone since...
Hi folks today I'm prepared for you Gold analytics. Some days ago price declined to the support level, which coincided with the support zone, and then tried to rise, but failed and made a downward impulse below the 1980 level, breaking it. After this, XAU in a short time rose back and even later started to trades in consolidation, where it rose to the resistance...
FOREXCOM:XAUUSD is forming a strong bullish trend, but there are some preconditions on the chart, which in tandem with the news can form an unexpected scenario. Today is the last strong news of the year. Namely, at 13:30 GMT Initial Jobless Claims will be published. Overall, analysts are expecting 210K relative to the previous 205K. This is bad data. But a...
The price of GOLD will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
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🎯
Hello All, I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits. If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
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...