As in previous post on Sunday - So we have dipped our toes into the weekly fvg May leave a low in place here to raid it again later, want to see weekley CE respected.. as its London and Monday this could be the judas swing... wait for more info and cme or 830 open. Any Longs from me will need market to show displacement on 15min or 1hr tf... no rush
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 2364.7, which is an overlap resistance. Our take profit will be at 2327, a swing low support level. The stop loss will be placed at 2390.99, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
There is no doubt that Gold (XAUUSD) has entered a new Bull Cycle after last month's bullish break-out. Last week though it closed its 1W candle almost on a Doji which can potentially be a trend reversal, at least on the short-term. As you can see on this 1W chart, which displays the similarities between the previous Cycle and the current, such 1W candles have...
Gold prices are surging amidst escalating tensions in the Middle East, following Iran's recent attack on Israel. Surprisingly, the US dollar remains steady, as market sentiment is relatively calm despite the geopolitical strains. Gold could see further support ahead of the upcoming U.S. retail sales data. The initial target is today's high of $2,373, with the...
Gold is losing ground as traders lock in the time aggressively. The US Dollar tested a multi-month high today. Normally, a strong dollar would lower gold prices, but the current situation is unique as gold prices are driven by central bank demand and rising geopolitical tensions. In case gold falls back below $2,350, it will head towards the nearest support,...
With gold reaching many consecutive price records, the current investor situation is as follows : Net-short exposure to yen futures rose to a 16-year high among large speculators Large speculators increased long gold exposure by 15.7% (+10.1k contracts) and reduced shorts by -7.1% (-8.4k contracts), whereas asset managers are on the cusp of flipping to net-long...
It is official. Inflation is back. But not everywhere. Food inflation is on the decline. All three major crops, Soybean, Wheat, and Corn have declined substantially. Bearish sentiments rings loud across agri with ample supplies combined with solid harvest expectations. Among crops, corn has fared best. Its prices have not declined as much. Corn outlook is...
I think that now there is wave 2 of the big 3rd wave of the supercycle. So in a few years oil will break its highs.
Despite Iran's attack on Israel, the prices of Brent and WTI crude oil remained stable. However, in the event of a reciprocal response from Israel to Iran within the next 24 hours, the price of oil is expected to make a significant upward jump from its long-term trend line. Currently, the price of WTI crude oil is within its supportive range on the 4-hour...
WTI oil (XTI/USD) is trading close to the pivot which has been identified as a pullback support. Could this commodity find support around this level before potentially reversing to rise towards the 1st resistance? Pivot: 85.57 1st Support: 83.22 1st Resistance: 90.40 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
XAUUSD has reacted off the pivot that lines up with the 78.6% Fibonacci projection and the 161.8% Fibonacci extension and could fall to support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level which is lines up with the 100% Fibonacci projection Pivot: 2394 Support: 2365 Resistance: 2417 Risk...
XAUUSD has reacted off the pivot that aligns with the 38.2% Fibonacci retracement and could fall to a multi-siwng low support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 2362.84 Support: 2326.19 Resistance:2404 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...
A stronger US dollar and fewer worries about inflation caused gold to retreat after hitting a record of 2431. Market volatility is caused by geopolitical tensions between Iran and Israel, which initially increases demand for safe havens. Fed officials' remarks that strengthen the US dollar work against the price of gold. Fed rate cut bets and bullish USD seem to...
Hey everyone! Quick update: Gold was on a wild ride yesterday, dropping to $2,330 and then surging up to $2,392, netting a cool $62 gain in no time. That’s some solid proof that gold's still got its mojo despite all the market madness. With U.S. inflation heating up, it looks like the Fed might hold off on any big monetary moves, which only strengthens gold’s...
Market Analysis PT1/2 (15th April 2024) XAUUSD Analysis On the 15 minute Timeframe, Price broke above the 15 minute lower High, creating a Change of Character. To Confirm a bullish Bias, i would want to see another Bullish BOS to continue buying gold all the way to the ATH. However, if price fails to do so and ends up breaking the 4 hour Bullish OB, then...
Dear friends, tomorrow will start a new week of trading journey! Let’s first summarize this week’s trading results. Personally, my overall profit this week was over $68K, which I feel is a very good trading result. Although I occasionally suffered losses in this week's transactions, I was able to seize 95% of the trading opportunities and successfully make...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 15 April 2024 Trade Idea 1 SELL LIMIT Order: $2382.74 Stop Loss: $2431.84 Take Profit 1: $2333.88 Take Profit 2: $2307.30 Trade Idea 2 SELL LIMIT Order: $2394.26 Stop Loss: $2431.84 Take Profit 1:...
Hello,Traders! NATGAS has retested a massive Horizontal support level of 1.450$ And already made a rebound So we will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!