Most of the technical analysis from last week still stands true but I have added a new Fixed Range Volume Profile from the last peak and a resistance line from there as well. Projected Price Range The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $78.00 (Min) and $87.50 (Max). Contended Price Levels $81.00 - $78.00 High...
Gold reclaimed the US$2,000 threshold yesterday, marking its return to this level for the first time since May, after the US dollar weakened against most major currencies on Monday. The US dollar is now on track for its largest monthly decline in a year, largely because the market is anticipating that the Federal Reserve might initiate interest rate cuts in the...
Gold is trading inside a Channel Up on the 4H timeframe since the Nov 12th low. Stable bullish technical outlook on 4H (RSI = 66.543, MACD = 8.550, ADX = 30.155), which calls for an extension of the current price action which is at the bottom of the Channel Up currently, to a new HH. We aim at a +1.96% rise (symmetrical with previous bullish legs), TP =...
Hey Everyone, Piptastic start to the week for us with our chart idea playing out from the get go. Yesterday we advised of our immediate Bullish target of 2010 and that a cross of ema5 above 2010 will open the upper range. The first part of this plan was completed today with our 2010 target hit with a bonus hit at 2018 clearing both targets. We now have 2032...
There has been an opportunity that has emerged due to the recent fluctuations in currency values and the growing demand for copper exports to China. As you may be aware, the USD has been experiencing a period of weakness, while the AUD has shown signs of strength. This presents an advantageous situation, as we can leverage the stronger Australian dollar against...
As the global demand for oil continues to decline, coupled with the upcoming OPEC meeting, it is crucial to approach this situation with caution and strategic planning. Over the past few months, we have witnessed a steady decline in oil prices, primarily driven by various factors such as geopolitical tensions and a shift towards renewable energy sources. This...
If you look left at the price action, you’ll see there was small liquidity sitting at $2,007. This has now been taken out, marking an OVEREXTENDED Wave V. Possible to still push a little higher on internal price action (smaller TF), but let’s wait for price to settle down on the external side. 2 Possible Scenario's On Next Play👇🏽 1. Gold drops from here & breaks...
Expecting 1 more downside correction on GBPJPY, before we see the FINAL impulse move to the upside. Expecting buyers to peak around $190-$194, before downtrend begins. ⭕️3 Sub-Wave Impulse Complete for Wave 5. ⭕️2 Sub-Waves (IV, V) Still Pending. ⭕️Selling Momentum Slowing Down.
Recommended to close out GBPJPY buy positions now, as Wave V zone has pretty much now been reached. Price will range for the remainder of 2023, before dropping in 2024📉 - 1,230 PIPS Profit Secured🎯 - Holding Period: 120 Days🎯 - Called LIVE For You All🎯
This is a reset of a 500k trading. After almost doubling it ( 25k away from it being doubled ) market gave me a humble lesson and I went back down to 500k. _____ The video of the trade liquidation: _____ Then I restarted the trading but failed again. The video of the trade liquidation: _____ Now it's time to try to reach the goal for the 3rd time. _____ I...
The platinum price is currently in the final phase of its blue wave (ii). It has not yet been able to overcome the resistance at $947.10 and has bounced off it. In the further course, however, this should be left behind as we do not expect the end of the movement until the blue Target Zone between $966.60 and $992.20. From here, a descent should then begin and the...
✅SILVER went up just as I Predicted but has now almost Reached a horizontal resistance Level of 25.20$ from where I will be expecting a local Bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few days ago rebounded from the support line of the wedge, which coincided with the support level and rose higher 2000 current support level, thereby breaking it. But soon it around and started to decline back. When the price reached the 1955 support...
Balance of buyers and sellers on the GOLD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair. ❤️ Please, support our work with like & comment! ❤️
Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In today's analysis, let's discuss the recent surge in gold. Have we seen this before or is it dejavu? In light of the recent fears...
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Oil price trading stabilizes around the 75.00 barrier, waiting for a negative stimulus that will contribute to pushing the price to resume the expected bearish trend for today, whose next target is at 73.73, remembering that exceeding this level will push the price to the levels of 72.25 and then 70.78, while stability below 77.05 represents a condition. Important...
The gold price is looking exquisite for upside. Not only do we have a Symmetrical Triangle where the price has broken for the first time since March 2023. We have a more recent Rounding Bottom which is showing strong upside to come for the precious metal. RIght now, going long gold and golden stocks are a great hedge for the markets. My target remains at...