When we view the price of XAGUSD since 2000, we see an asset which historically has done very well in the event of turmoil. When we had the dot com bubble burst in late 2000 we saw a significant price rally in the metals, Id imagine as people reinvest money as their tech stocks began to fall, does this have correlation with todays NASDAQ? If the NAS continued...
✅GOLD has been falling recently And Gold seems locally oversold So as the pair is approaching a horizontal support of 2320$ Price growth is to be expected LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Dear friends, gold is crazy today. During the day, gold rose by $59 from around 2372, reaching a maximum of around 2431, and then fell by $70, with a minimum of around 2361. It's a crazy roller coaster ride. I think some people must be happy and some are worried in today's market! At present, there is no reliable technical reference for gold in the short term....
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 85.10 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 85.10 support and resistance area. Trade safe, Joe.
Gold has risen again when the support is effective. Trading after a sharp rise like this is very simple. You can't go wrong by going short, because after a sharp rise, the indicators need to be repaired. So if you want to trade, just go short and just pay attention to the support levels. At present, the support is first around 2374, then around 2366, and then...
Update for Gold after a sudden drop from a random price level. Thoughts, technical analysis, predictions, trading recommendations. ❤️Please, support this video with like and comment!❤️
Hey Everyone, What a fantastic finish to the week!!!!! Yesterday we shared our completed 1H chart idea update and today we completed our 4H chart idea. We started the week with our first bullish target hit at 2348 on this chart. Followed with the lock confirmation opening 2367 and then completing the first range. We then had the ema5 lock above 2367 opening...
US Labor Market Data Preview - Friday, April 5, 2024 To analyze the market's reaction to today's NFP data, it's crucial to review past market events. The Federal Reserve needs two conditions to ease interest rates: 1) Continued downtrend in inflation 2) Weakening labor market. Therefore, today's NFP data is the most critical news release. Previous NFP...
Gold has still reached the 2370 line. After the K-line fell back, it rose higher. This trend is of historical level. Next, we will continue to focus on long positions at low levels. A big positive line directly pierced the rhythm of the sky, and almost all rose rapidly. The moving average continued to rise vertically, and all K lines stabilized the moving...
This can be the optimistic scenario, but an ascending triangle always need volume increase. High volume increases may bring these levels. * What i share here is not an investment advice. Please do your own research before investing in any asset. * Never take my personal opinions as investment advice, you may lose all your money.
I've entered a sell from $2,423 with a risk entry, for my Gold Fund investors. Currently running 500 PIPS within the space of 2 hours. Risk free already🤙🏽
I think there's a good chance that Gold has now topped or will early next week. We've seen a 3 bullish impulse completion of Wave 5 (Wave X-Y-Z). Even though the 'selling confirmation' price is $2,265 & offers a safe entry point, I've found a risk entry on the 1H TF🤞🏼 ⭕️5 Wave Bullish Move Complete. ⭕️Selling Divergence. ⭕️A-B-C Wave Correction Yet Pending.
WTI Crude Oil is on very healthy bullish levels on the 1D time-frame (RSI = 63.780, MACD = 1.930, ADX = 37.316) as well as on 1W (RSI = 60.882). This supports the notion that until 1W turns overbought, the 1D can continue to sustain the bullish sequence that started on the December 13th 2023 low. Having formed a 1D Golden Cross just this Tuesday, the last time we...
Channels are an incredible tool for technical analysis. Today we're going to put them to the test with the recent moves up in silver, as it looks like the precious metal is currently sitting at a decision point that can (still) go either way. MEASURING IMPLICATIONS OF CHANNELS The real power of channeling is greater than just working with a supportive/resistive...
I rally between now and April-May looks like a good risk-reward, however those gains are likely to get faded very fast as capital flows back into discounted equities, and other growth assets Of all the minerals mined from the Earth, none is more useful than gold (this is speculation). Its usefulness is derived from a diversity of special properties. Gold...
the fundamentals on gold aren't good: 1. its a rock, King Midas can make the supply infinite 2. mining it is an environmental mess and energy waste 3. value is primarily speculative 4. ton of overhead bagholders from 1,500-2,000 days 5. crypto currency stealing new retail 6. being hoarded by fragile states/ regimes 7. regulatory risk during crisis...
Israel has withdrawn more troops from southern Gaza and pledged new talks with Hamas on a possible ceasefire, easing concerns about the risk of further escalation in the conflict and disruption to Middle East crude supplies. The current oil 4H and 1H charts show that the possibility of oil falling is very high, and it has been in the 87-87.5 range without...