USOIL... still valid short below that channel. that is mentioned on chart. a straight drop expected below that region, keep close it and dont buy oil until market below that channel good luck trade wisely
Dear friends, gold has rebounded to a high of around 2394 in the short term, approaching the 2400 mark again. Then gold seemed to feel a little exhausted, so it failed again and chose to fall back. Gold is currently trading near 2388, so does gold still have the strength to conquer 2400 or even higher? Although gold has stopped below the 2400 position many...
Western countries plan to quickly impose new sanctions on Iran to help dissuade Israel from a major escalation. Israel's war cabinet postponed until Wednesday a third meeting to discuss how to respond to Iran's first-ever direct attack, anticipating another expansion of the conflict. There is little data in the United States today. You need to continue to pay...
Introduction - Didn't your mother ever tell you not to play with your food? Bulls with upper hand near 2400s once again trapped by hubris. Believing themselves invincible post Powell speech allowing bears to hang around with the door to 2275 still wide open. Will they regret this indecisive decision? Only time and Binary Forecasting Service's trend engine will...
FX:XAUUSD is showing strength as a hedge asset. The price continues to indicate to us that it intends to go even higher. The market is cleaned up after the shakeout and the big player continues to play his game. (Idea from Apr.16: GOLD → There's no limit to the bulls' activity. Support retest) Bulls form another intermediate bottom at 2365, building a limit...
Soybeans Technicals (May) May soybean futures broke back below support yesterday which accelerated the selling pressure and keeps the door open for a retest of the February lows in play, that comes in from 1128 1/2-1133 1/2. Bias: Neutral Resistance: 1155-1160***, 1170-1175*** Pivot: 1150 Support: 1128 1/2-1133 1/2**** Fund Positioning ...
Wheat Technicals (May) May wheat futures traded in a wide range yesterday, on both sides of unchanged. This morning, prices are attempting to firm as the market revisits our pivot pocket from 550-555. The Bulls will want to see consecutive closes back above this pocket to spur a move back towards the recent highs. A failure to do so could put the Bears in...
Dear friends, gold’s short-term rebound has reached a maximum of around 2394, approaching the 2400 mark again. Then gold seemed to feel a little exhausted, so it failed again and chose to fall back. Gold is currently trading around 2381, so does gold still have room to conquer 2400 or even higher? Although gold has stopped below the 2400 level many times in...
I recommend you to buy XAUUSD at these levels as you cn see we have a good set up also have a nice pull back on support level
Oil prices are still relatively cheap on the bigger TF's, compared to where they will be in the near future. Currently up 20% from our green supply zone. Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
International news: 1. Fed Barkin: The latest inflation data does not enhance people’s confidence that the downward trend in inflation is spreading in the economy, which means that market players feel that the economy is relatively sluggish; 2. EUR/USD fell back below 1.07 for the first time since mid-February, falling 0.39% on the day; 3. EIA Natural Gas...
Oil prices are still relatively cheap on the bigger TF's, compared to where they will be in the near future. Currently up 20% from our green supply zone. Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price started to rise in the upward channel and soon reached the buyer zone, but then it rebounded and little declined. After this movement, the price continued to move up and soon broke the 2265 support level, which is located in the buyer area. Next, XAU rose...
Traders, In today's trading session, our attention turns to XAUUSD, where we're keeping a close eye on a potential buying opportunity around the 2375 zone. Gold is on the verge of approaching the retrace area following its breakout from a downtrend observed in the 15-minute timeframes. Delving deeper into our analysis, it's crucial to underscore the fundamental...
XAUUSD Trade breakdown On the 15 minute timeframe, price broke above the 15 minute bearish Orderblock that created the low during asian session. Once we confirmed it with a body candle close, i expected price action to retrace to our 5 minute orderblock to retest and reject off it. This was when i enter for risky buys to target higher prices. Price ran...
#USOIL.. as we discussed in our last idea about oil market very well trade near to his supporting area, now keep close your area that is 85.25 around, if market hold it then further drop expected from here, good luck trade wisely
Crude oil stabilized this week around $84 per barrel on the May 2024 contract, from which we are seeing some nice rebounds after recent events between Iran and Israel. There is a risk that this escalation will not be over anytime soon, so energy prices may remain in an uptrend, possibly heading for a higher fifth wave back above last week's highs. If the market...
Silver (XAGUSD) easily broke through the 25.000 Target we set 2 months ago (February 15, see chart below) and invalidated the Triangle pattern as it is entering into a new long-term Bull Cycle: This was achieved as it broke above the 2-year Resistance Zone 1 and the Triangle transitioned into a Channel Up. Last week it hit Resistance Zone 2 and technically we...