The gold price seems to be recovering at the moment and is gradually making significant gains. We expect it to continue its corrective rise within the magenta wave (b) to the same-colored Target Zone between $2123.60 and $2147.10. An important step on this path will be to overcome the high of the magenta-colored wave alt.(x). As long as the price has not succeeded...
Gold Price Bounces Back Above $1,985 on Weaker USD and Anticipation of FOMC Meeting Minutes Gold price (XAU/USD) has rebounded, gaining ground around $1,980 during the early Asian trading hours on Tuesday. The weakening US Dollar (USD) and lower US Treasury yields are contributing to the upward movement of the USD-denominated gold. The US Dollar Index (DXY) is...
Currently, all the movements I look at and position myself differently. It is important to show yourself all the possibilities and get rid of your emotions if I see that the ABC correction is (LONG), it can easily lead to scam wick, which is also not excluded(SETUP-LONG) + Head and Shoulders Pattern(SETUP-LONG). Also, this could be an even bigger drop(Biggest leg...
Silver goes to 23.97 in the 15 minute time frame. We can see confirmation of the upward trend in 1-hour and 4-hour periods
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. Last week we had a Bullish week, which was a perfect example of how our strategy allowed us to naturally fall into the turn from the prior Bearish week. Our setups work with or against the short/mid term trend. The break and lock allowed us to track the movement down and our...
I think DXY will raise to 104 - 104.5. There is a great +RD and dollar is on the value area.
I am waiting to buy oil in the value area ( 73 - 75 )
It seems that the market thinks the Fed is going to reduce the interest rate in 2024, but fed never say that we are going to do that. Furthermore, the DXY is near support area with a +RD. I believe there will be a correction in Nasdaq.
Good evening gold gang! what a day today with the analysis playing out 100 percent wooowww Did you take any? Price is in a small range currently with no clear direction, reacting between 2 engulfing zones .. Id like to see price come down to the 1973 algo to take scalp buys from there and hopefully break through to the 1983 level and above If not .. strong...
Crude oil prices fell for the fourth consecutive week last week. A substantial increase in inventories and record production were the main reasons for the decline in crude oil prices last week. The entire market has been weak recently due to supply concerns and a significant drop in demand. However, on Friday due to some short sellers Oil prices rose as...
Last position closed at B/E as we saw the previous high get taken out. I have re-analysed the waves & changed on the charts. Expecting 1 more sub-wave to complete Wave 1 (Wave V). I will wait for an impulse move down (Wave A) & enter on Wave B correction as it’s the safest route.
The analysis of the GOLD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️
Hello traders, XAUUSD has braked both the bearish channel and horizontal line! there is an obvious chance to close in cluster of incline line and broken zone. This post will be updated.
What's up guys Brandon here, good morning.. So I did speak to this exact thing yesterday with my last mind suggesting that sells had expired I was busy and I missed to call out an entry but I want to explain why I think gold did what it did All things considered I did see this coming and if you go on my tradingview profile and tap on "minds" you'd see the...
HELLO TRADERS ,, GOLD tested the resistance level by creating the double top. The market also created a bearish harmonic pattern as an extra sell confirmation. Since the market is trading below the psychological level at 2000, most likely it will consolidate. We expect a rebound from the resistance. THIS JUST AN TRADE IDEA Share your opinion in the...
Gold (XAUUSD) could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 1,970.21 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 1,955.44 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement...
#GBPUSD UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. GBPUSD is at premium zone also following a proper rectangular pattern , also we had an order block, Alternatively we can see a good bearish move for short term. We can get up to 350+ pips profit from this setup. Stay with us for...
In weekly TF we have a CHoCH to the up. In daily TF we're in the pull back of the weekly TF, so we're in a down trend. In 4H TF we had a BOS of previous low and now we're in a pull back to the up. I think these two areas have the most potential to go short. We can set sell limit orders but for more confirmation we can wait for a CHoCH in lower TF(Like 5min TF) and...