FX:XAUUSD is still holding very strong even amid strong news. The range of 2365 - 2328 is being formed. Buyers and sellers are fighting for the lower level. Today the market is waiting for PMI and Initial Jobless Claims. Yesterday we got a high CPI of 0.4% instead of 0.3% and an inflation rate of 3.5%, which is a generally unsatisfactory scenario for the...
VUL has broken out of descending wedge and has also broken out of a channel going back to mid 2023 with bullish RSI divergence. It is now retesting strong support of the channel trend and previous swing high if it can make a higher low here we will be off to the races 🚀 Good luck 🍀
Preferred direction: BUY Comment: We consider the Australian dollar in favor of a buyer within the medium term. It should be noted here that AUDUSD and NZDUSD will most likely update at least local minimums before growing. However, current prices are also great for "step by step" accumulating a buy-position. This trade is not designed for a big move...
📊 # OANDA:XAUUSD XAUUSD Fractals Market Algorithm (april/12/2024) #Fractalmarket | #fibonacci | #trendline | #fibochannel | #mdfxco | #PivotPoints | #Breakout | #forex
Preferred direction: SELL Comment: The US dollar continues to strengthen before the weekend, but there is a high probability of a downward correction beginning, and this concerns all major currency pairs. The Canadian dollar has one of the most interesting buying setups against the US dollar . The price is trading slightly above trend resistance, and it...
For the past 10 months, OANDA:XPTUSD has been trading within a range between approximately 850 to 1000. However, upon closer examination of this range, it appears to resemble a rounded bottom formation and also after dipping below 900 at the beginning of March, Platinum has been establishing higher lows, suggesting that the price is ready for a strong...
We can see here how the XAUUSD chart just reached the dotted yellow measured move line target at $2395. Te next bull target just above that is the smaller dotted pink line at around $2550. After tat is the full target for the pink bull flag it has broken up from. Corrections on along the way to the enxt 2 targets are probably but not guaranteed *not financial advice*
XAUUSD made a big splash and just got a new ath recently as it broke above this pink horizontal trendline for the first time. We can see since then it has created a big bear wick however so not so sure it will be able to maintain this pink trendline as solidified support or not. Once it eventually does hod this pink trendline as solidified support for a weekly...
You can see here on this chart how gold seems confidently above the pink trendline but you can also see to the left of that that we were above this line once before not too long ago and that resulted in a big wick and dip back below the trendline to correct for awhile, as is often the case whenever an any asset breaks above a key trendline like this for the 1st...
Shortly after the futures market opened, gold reached our long-time-awaited price target of $2,300 and established a new all-time high at $2,305 before retreating slightly lower. We continue to be bullish on gold in the long term and believe it can reach significantly higher price tags ($2,500 and higher) due to future rate cuts, sticky inflation, and a weak U.S....
WTI oil (XTI/USD) has made a bullish reaction off the pivot and could potentially rise towards the 1st resistance. Pivot: 85.20 1st Support: 83.52 1st Resistance: 86.89 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 2345, which is an overlap resistance that aligns with the 61.8% Fibo retracement. Our take profit will be at 2327, an overlap support level. The stop loss will be placed at 2362, which is a swing-high resistance level. High Risk Investment Warning Trading...
Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 12364, which is a pullback support that closes to the 50% Fibo retracement. Our take profit will be at 2395, which is a swing-high resistance level. The stop loss will be placed at 2327, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs...
Bullish fundamentals are potentially setting up 'higher-for-longer' oil prices. I think we might see a retrace down to the trend-line area given how far we have extended. Although, in any case be ready to jump on a bullish move. If we start creating downtrend structure then sentiment might have shifted, noting US / EURO growth rates / interest rates are also...
Here on gold price has made a reversal showing that the seller has step in so going for SHORT is needed and targeting profits at level of 2373.04
XAUUSD is still in an uptrend at the 2395 level if the price cannot break through. It is expected that in the short term the price will go down. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
i think gold mybe going to 3000$ after that wecan sell it and wi\ait for pullback
"Leading Manufacturers and exporters of Bright Bars, fasteners, HB wires , Annealed Wires , Binding Wires , Galvanised Wires , Chain Link Fencing , Barbed Wires , Nails , foundation bolts" spot 9.46 expect 13 inr in A QUARTER FROM NOW ADD UPTO 8.80 DATE 12 APRIL 2024