The current analysis indicates a bullish trend for OANDA:XAUUSD , provided it stays above the pivot line at 2438. Currently, the price seems poised to consolidate between 2450 and 2430 before any breakout occurs. The prevailing bullish pressure suggests that if trading remains above 2438, the trend will continue upwards. If the price dips below 2438, there are...
By examining the trend in the four-hour time frame, after the pullback to the broken resistance range in the range of 2372-2398, global gold can increase to the resistance of the ceiling of the ascending channel in the 200% Fibo range at $2858.
The recent death of Iran's President might initially impact oil prices due to concerns about Middle East instability. However, this effect is likely to be temporary for several reasons: Limited Presidential Power: In Iran, the President's role is more executive, with real power concentrated in the hands of the Supreme Leader. Therefore, the President's death...
Wheat plays a critical role in global agriculture and trade. Extreme weather has turned wheat prices bullish, rising more than 22% in a month after having languished for more than two years. After reaching their lowest level in more than three years in March 2024, prices have rebounded strongly. Wheat rally is driven by extreme weather events in multiple places...
My Dear Robbers / Traders, This is our master plan to Heist Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. There is Two Targets Our target is 1 & 2 Danger Logo and Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers /...
Hello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
The OIH is currently working on green wave 2, which should extend to our same-colored Target Zone (between $335.63 and $353.32). Within this range, the price should complete a reversal and then gradually trend downwards. This Zone can therefore be used to open any short trades. Stops could be placed 1% above the zone. The end of the orange wave III should only be...
XAUUSD is falling toward the pivot and could potentially bounce off and rise toward 127.2% Fibo extension Alternatively, if price breaks below the pivot, it could continue to fall to another overlap support level Pivot: 2410 Support: 2374 Resistance: 2474 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
OANDA:XAUUSD on the background of weak dollar and favorable fundamental background realizes the accumulated potential after breaking through resistance. The price is testing the global resistance of 2431. The market is bullish again, which was supported by economic news, mainly related to inflation. Technically, the gold is again interested in strong buyers...
Silver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 31.34 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 30.35 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at...
Natural Gas prices run their second straight profitable month, covering the Q1 losses and starting the current week on the front foot. This brings the year’s highs in the spotlight (3.3974), but bulls will need fresh impetus for taking them out. The RSI points to highly overbought conditions though, making the commodity ripe for a pullback towards the EMA200...
West Texas Intermediate crude oil trades near $79.80 per barrel, which happens to be slightly below the 20-day SMA and the lower bound of the ascending channel. A breakout above the moving average will bolster a bullish case for oil in the short term, especially if the price closes above the 20-day SMA for multiple consecutive days; the same applies to a breakout...
Over view As per my previous weekly analysis, Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks. Any small bounce from this level would be great bullish...
Shorting the idea the fact that its a retracement move then making another leg lower. Also adding in the fundamentals that inflation is cooling and FOMC is round the corner. watch this space :)
Preferred direction: BUY Comment: The British currency is also expected to boost amid the publication of US CPI data . This is the most likely scenario and is indicated on the chart as scenario №1 . Login is expected just before the data is published. One can especially consider buy-position through pending orders if the price immediately falls to 1.25396...
Preferred direction: BUY Comment: Before the publication of today's data on the US CPI , on gold , we have been following the previous trading idea that we gave at the beginning of the week. The price has already begun to move according to our scenario, but we must not forget about potential volatility amid the publication of today's data from the US. For...
Preferred direction: SELL Comment: All of our previous trading ideas against the US dollar are currently fixed at take profit, however, we continue to adhere to the short-term priority of selling the US currency. At the moment, the USDCAD currency pair is one of the most promising for a short trade, since there is the fact of a rollback and, accordingly, a...
Preferred direction: BUY Comment: The previous long trade in silver was successfully closed at take profit, but we continue to actively adhere to short-term buy priority. Current prices are perfect for this and one can safely consider purchases with a goal of at least level 31 (scenario №1). In the event of a sharp change in market sentiment, one can...