Crude oil is coming down now making five subwaves down from 80.00 so there can be some support not far away as higher degree corrective decline from October highs can come to an end soon. There is also a potential leading diagonal, which is a bearish structure, but still suggests that the market can stabilize a bit. RSI divergence also suggests that bears are...
Wait and see. See what happens. Down or up. Gold and silver have been very strong over the years. Prices were supported by expectations of U.S. interest rate cuts and heavy buying from China. Now, the recession has been disproven.
Good Morning folks - I quickly just wish to discuss what I think I am seeing on gold on the 1 minute timeframe So we know that in the last day or so we had a really aggressive run up (bull move) on gold This means that there will be buyers getting in rather late in hopes that they can still catch the move Highlighted in blue we have what appears (to me) to be a...
Long or short bakeout. What do you suppose. Fundamentals are mixed. Ivory coast stopped selling cocoa at the same time new crop is developing well. For me it is time funds to take profit and bring the price down for a correction.
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price started to trades in flat, where it first bounced from $2000 support level to bottom part. After this movement, Gold made a strong upward impulse back to $2000 level, broke it, exiting from flat too. And then price corrected below and later...
Hello,Friends! SILVER pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. 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 24.118...
Hello,Friends! The BB lower band is nearby so GOLD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 2055.059. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for GOLD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2031.541. Taking into consideration the structure & trend analysis, I believe that the market will reach 2015.670 level soon. P.S Overbought describes a period...
Dear Traders, OANDA:XAGUSD a strong sell off is expected on silver this week. Firstly because recently price have been overbought and there is going to be ' a strong bearish impulse' due to adjusting he market equilibrium. Secondly, the NFP and other strong news that can affect the silver future price significantly. We will have to keep close eye on the...
Hello Traders! This is my perspective related to Gold H1. I expect a small retracement until the liquidity level and after that, to hit the level of 2065, a interesting level o resistance to take into consideration. If I will see the confirmation, I will execute the trade. I still see Gold bullish.
We were trading south of that $2000/oz price during recent trade, pulling as low as $1975/oz. Again, upside moves witnessed follow FED outlook, a lot of the pairs we follow and trade revolve around the USD and thus a soft USD means ***USD climb higher. Still focussed on that $2000/oz support price, the D1 trend is still valid and pointing to the upside,...
Crude oil (USOIL): Yesterday, crude oil broke through the 68 area, reaching the lowest position of 67.7. Today opened at 69.8, and the amplitude of five or six dollars in the morning was not too big. It broke below yesterday, but it did not stay too much. In the evening, the decline was gradually recovered, and the daily K closed a green line. There was only one...
A Rare broadening Triangle formation has formed on Anglo Gold. This is a triangle that broadens outwards instead of inwards to the apex. I like to call it a Vuvuzela formation. Now right now the bias is sideways as it needs to break out of the range. However, we can say technically it should break down as the prminent and previous trend was down. But we...
Platinum (XPTUSD) is going quite well since our October 25 buy call (see chart below) as we caught the bottom and the price is now rebounding: The long term pattern is a Channel Up. At the moment the price is supported by the 1D MA50 (blue trend-line) buy restrained below the 1D MA200 (orange trend-line) where it got rejected on November 28. Even though the...
Looking at the technical picture of EASYMARKETS:XPTUSD on our daily chart, after reversing higher in mid-November, the commodity started forming higher lows. That said, it is struggling to build up higher highs, at the moment. However, that might change, if the price overshoots its key resistance area, roughly between the 944 and 952 levels. Until then, we will...
Last Friday, FX_IDC:XAUUSD broke out of the uptrend and retested it yesterday. Simultaneously, it retraced to Fibo level 38.2%. The bearish momentum is strong, which might push Gold to $1930.
GOLD Gains Momentum Amid Fed's Dovish Shift and Central Bank Meetings Gold prices continue their upward trajectory, building on the solid recovery from the $1980 area. With modest intraday gains heading into the European session, the precious metal seems poised for further appreciation following the Federal Reserve's (Fed) recent dovish shift. The Fed's signal...
#GBPUSD UPDATE Hello traders community. Hope you all are enjoying your trading journey. Today we are looking into the #GBPUSD. GBPUSD is goint to create a new high as it break the channel with momentum candle and still FOMC had a strong effect on market. So here are more chances that we can see a new high soon. My be market go slowly but if it breaks the...