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 $1980 area. With modest intraday gains heading into the European session, the precious metal seems poised for further appreciation following the Federal Reserve's (Fed) recent dovish shift. The Fed's signal...
#GBPUSD UPDATE Hello traders community. Hope you all are enjoying your trading journey. Today we are looking into the #GBPUSD. GBPUSD is goint to create a new high as it break the channel with momentum candle and still FOMC had a strong effect on market. So here are more chances that we can see a new high soon. My be market go slowly but if it breaks the...
Hello traders , Today we'll have FED conference and we'll probably see an upward correction to specified zone and then it can begin to fall to 1950. so, what do you think ?
According to Downtrend channel To The end of Impulsive Wave To fibonacci Retracement
Hello,Traders! CRUDE OIL is making a bullish Correction while trading in a Downtrend so we are bearish Biased and I think that after The price hits the horizontal Resistance above at 73.50$ We will see a further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USOil WTI has shown a robust bearish trend of late, reaching into a noteworthy support level on both daily and weekly charts. The accompanying video offers an extensive breakdown of this trend, meticulously dissecting price actions and pinpointing potential trading prospects by conducting a comprehensive analysis across various timeframes, spanning from weekly...
CAPITALCOM:AU200 chart mapping/analysis. ASX grinding higher into EOY, benefitting from relative strength in global commodities & precious metals. Trading scenarios into EOY: Continued commodity strength + US bullish momentum = rally into 23.6% Fib / ascending trend-line (light blue dotted) confluence zone. Rally would coincide with re-test of bearish...
TVC:USOIL chart mapping/analysis. Crude Oil reversing all gains manufactured by OPEC+ production cuts & Middle-East conflict premiums, while threatening to further capitulate due to growing macro headwinds leading into 2024.. Trading scenarios into EOY: Bullish resurgence = rally above horizontal resistance line (yellow dashed) into 23.6% Fib & upper range...
TVC:GOLD chart mapping/analysis. Gold's massive (algo-triggered) blow-off top killed the bullish momentum - pending further selling pressure if DXY/bond yields decide to rally into end of the year.. Trading scenarios into EOY: Selling pressure towards 50% Fib initial support zone. Bearish EOY capitulation target = Golden Pocket support zone. Expect any...
CAPITALCOM:COPPER chart mapping/analysis. Copper - off its October lows, yet still contending with global macro headwinds & China's difficulty in shaking off its deflationary economic funk.. Trading scenarios into EOY: Prelim trading range = ~3.93 - ~3.73. Under bearish pressure from 38.2% Fib rejections. Bullish reaction to China/macro economic news =...
#USDCHF UPDATE Hello traders community. Hope you all are enjoying your trading journey. Today we are looking into the #USDCHF. USDCHF reaced on the major demand zone where it is forming an indecision candle in the 4 hr time frame. If it close above and then form any bullish candle in LTF like 1 hr or 30 Min. We will go for long position. As you can see that...
Gold (XAU/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 2,088.15 Why we like it: There is a pullback resistance that sits above the 61.8% Fibonacci retracement level Stop Loss: 2,146.15 Why we like it: There is a swing-high resistance that lies above the 78.6%...
gold price went form 1810 to 2148 in just two month this rally shocked everyone what was most shocking instant reversal from all time high which nobody expected abc wave has now retrace 50% near 1980 that is why you are seeing intraday support near that level gold next move from depends on fed fomc today , which will decide gold will go 1930 or retrace back to 2007
Decoding Gold Price Surge: Analyzing the Impact of Fed Signals and Identifying Profit Opportunities The recent surge in gold prices, climbing above $2,000, comes on the heels of significant signals from the Federal Reserve indicating potential rate cuts in 2024. As the precious metal takes center stage, our analysis unveils intriguing insights into the factors...
– Previous Daily candle closed extremely Bullish around 2027.500 forming Strong Daily Support around 1979.300. – Buys on close above 2032.400 targeting 4h Resistance around 2037.700, Leaving Runners to the 15min previous Support formed on 4th December 2023 around 2044.200. – Sells on close below 2024.000 targeting previous 4h Support formed on 5th December 2023...