Black FridayUp to 80% OFF

Commodities

XAU/USD Intraday Plan – Watching Reaction at Support ZoneAfter a brief consolidation yesterday, gold dropped into the Support Zone and is currently trading around 4014. Market structure remains bearish, with price sitting below both the MA50 and MA200. The series of rejection wicks shows buyers are trying to push back, but momentum is still with the sellers for now. The first resistance is at 4027. For buyers to gain traction, we need a clean break above 4027, followed by a break above 4053 — only then could we see an attempt toward 4078. If price fails to hold the Support Zone and breaks below 3,996, the next downside target becomes the HTF Support Zone — a major area where buyers have reacted strongly in the past. 📌Key levels to watch: Resistance: 4027 4053 4078 Support: 3996 3968 3921
OANDA:XAUUSDLong
by azgoldtrader
USDCAD: Patient Fed & oil drop support iH&S projection to 1.4370USDCAD is building an interesting medium-term setup as crude oil weakness combines with Fed patience and supports dollar strength against the loonie, with an inverse head-and-shoulders pattern pointing to a measured-move target near 1.4370. Crude oil recently broke below $60, directly pressuring the Canadian dollar since Canada is a major commodity exporter. Meanwhile, the Fed's cautious stance on rate cuts, despite labour market softness ahead of a potential partial NFP on Friday, keeps the buck bid as investors hold dollars for yield. The technical structure confirms what the macro backdrop suggests: USDCAD has room to run higher from current levels. Key drivers Oil breakdown hurts CAD: crude slipped below $60 recently, and every time oil weakens, the commodity-linked loonie follows. This correlation has been tracking cleanly since July, when USDCAD turned higher alongside the energy sell-off. Fed patience supports USD: Despite labour-market weakness signals from existing data releases, the Fed isn't rushing to cut in December, and a patient central bank typically supports the dollar because investors can hold dollars and earn decent carry while awaiting clarity on policy. Inverse H&S pattern: The technical setup shows a head near 1.3537, a neckline breakout near 1.3900, and a clean retest at 1.3985 (former 2022 resistance turned support). The measured move from head to neckline brings 1.4370 into play, with intermediate targets at swing levels. RSI reset above 50: After showing flat divergence at the recent highs, the RSI has reset by bouncing cleanly off the 50 line on the daily chart, suggesting momentum has room for another leg higher before any overbought concern. Use 1.3985 as your line in the sand, consider longs above this level with the first target at the peak of 1.4145 (validation of the breakout), the second at 1.4250, and trail stops toward 1.4370 if momentum holds. Watch for oil to remain below $60 and Fed messaging to stay cautious, as a daily close below 1.3985 would shift the bias to consolidation, while full pattern invalidation sits at 1.3720. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
How to navigate volatile market conditions after the government #XAUUSD TVC:GOLD OANDA:XAUUSD As I mentioned on Friday, if the closing price failed to stabilize above 4110-4120, gold would weaken further on Monday. Sure enough, gold again fluctuated downwards, testing the 4050 support level. With Friday's panic selling gradually subsiding and the US government reopening, significant fluctuations are unlikely in the short term. Key data such as NFP and PMI may be released this week. Before the data is released, the market may be relatively cautious, and I think the market may tend to fluctuate and recover. Short-term support levels to watch are 4050-4030. If the price retraces and tests this support again during the European session, we can try to continue going long on gold.
OANDA:XAUUSDLong
by Miracle-Walker_GC
PRE-LONDON CONDITIONS — DXY Range-Bound, Yields Slide, ES HeavyU.S. Dollar Index (DXY) holds a tight 98.99–99.59 range in a third consecutive inside bar. U.S. 10-year yield drops ~1.01% in Asia. U.S. 2-year yield falls ~1.27%. S&P 500 futures (ES) extend lower toward the 6.571 fractal. Gold tests support after filling imbalance. Volatility remains elevated. DXY — Dollar Index Dollar stays inside 98.991–99.591. Inside-bar stack remains unbroken. Price sits near the 0.6 premium zone. Neutral until London breaks the range. Yields — 10Y & 2Y 10Y yield: -1.01% in Asia → long-end compression. 2Y yield: -1.27% → dovish policy tone. Curve: both ends lower → risk-off positioning. ES — S&P 500 Futures ES moves lower toward 6.571. Yesterday’s high-volatility expansion continues. Tone remains defensive. Gold — Safety Premium Gold fills imbalance and presses into support. Break = active safety flows. Hold = passive bid. Volatility VIX closed pre-London. Futures hold elevated regime. Conditions favor fast intraday expansions. Calendar Risk Medium-tier data ahead. Yesterday’s partial data production repeats → limited visibility. Expect flow-driven moves until major prints arrive. Execution View DXY bias neutral inside range. Yields down + ES down = risk-off. Gold support = key inflection. London expansion outside 98.99–99.59 sets direction. Trade second move, not first spike. Summary: Dollar trapped. Yields lower. ES heavy. Gold at support. Fragile pre-London environment; London’s first expansion defines the session. — CORE5DAN Institutional Logic. Modern Technology. Real Freedom.
TVC:US02Y
by CORE5DAN
USOIL Is Bullish! Buy! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 59.384. The above observations make me that the market will inevitably achieve 61.007 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILLong
by SignalProvider
1
XAU/USD – Bearish Momentum Approaches Key Support ZoneGold continues to trade within a clear downtrend on the H1 timeframe, respecting the descending trendline and forming consistent lower highs. Price is now moving toward a major support zone — an area that has previously triggered strong bullish reactions — making it a critical level to watch for today’s session. Technical Outlook Trendline: Price continues to respect the descending trendline, confirming strong bearish control. Support Zone: 3,985 – 3,995 remains the most important demand area. This zone has acted as a reversal base multiple times. Resistance Levels: Immediate resistance: 4,025 – 4,035 (trendline confluence) Upper resistance: 4,065 – 4,075 Indicators: EMA Structure: Price remains below short-term EMAs → indicates sellers remain dominant. RSI: Approaching oversold territory, suggesting a possible technical rebound. Fibonacci: The 0.618 retracement aligns closely with the support area, increasing its reliability. Price Behavior The chart shows two previous consolidation boxes (accumulation phases), followed by expansions. The current structure is a deep pullback into major support. If selling pressure weakens at this zone, a short-term rebound toward the trendline is likely before the market decides its next major direction. Trading Strategy Scenario 1 – Bullish Rebound at 3,985 – 3,995 Wait for bullish confirmation candles + increasing volume. Entry: 3,995 – 4,005 Target 1: 4,025 Target 2: 4,065 Stop-loss: below 3,975 Scenario 2 – Breakdown Below Support Only trade if price closes clearly below 3,985. Entry: around 3,980 Target 1: 3,960 Target 2: 3,930 Stop-loss: above 4,010 Final Note The overall structure still favors the bearish side, but the support zone below is a decision point for the market. Observe price action carefully before entering. Follow for more daily strategies and insights, and save this analysis if you find it helpful.
OANDA:XAUUSD
by Henrybillion
Another Gold-Silver Pair Trade Oppurtunity?Gold/Silver tell many tales for metal traders. Usually, when metal prices falling hard or during extreme risks (like April when Trump announced tariffes) the ratio goes higher while market rallying the ratio goes lower. The less liquidty in silver market relative to gold is one of the reasons for that. But now metals in selloff mode and ratio is going down, it is giving mixed signals. In any case, if the ratio holds around this support which is also very near to 5 year -1 standard deviaton from average, buying gold and selling silver could be an idea that I'm currently thinking about but not yet pull the trigger.
OANDA:XAUUSD
by orancapital
Stop!Loss|Market View: GOLD🙌 Stop!Loss team welcomes you❗️ In this post, we're going to talk about the near-term outlook for GOLD ☝️ Potential trade setup: 🔔Entry level: 3992.755 💰TP: 3853.896 ⛔️SL: 4067.971 "Market View" - a brief analysis of trading instruments, covering the most important aspects of the FOREX market. 👇 In the comments 👇 you can type the trading instrument you'd like to analyze, and we'll talk about it in our next posts. 💬 Description: Gold is moving in line with the previous sell scenario, and this medium-term trade remains relevant. In the shorter term, additional selling below the point of control (POC) level, around 3992.755, could also be considered. An alternative short-term scenario is selling near 4100, where the last accumulation is located. The downside target is currently considered to be in the 3800-3900 area, but a decline to 3600-3700 remains possible. Thanks for your support 🚀 Profits for all ✅
OANDA:XAUUSDShort
by StopLoss222
Stop!Loss|Market View: EURUSD🙌 Stop!Loss team welcomes you❗️ In this post, we're going to talk about the near-term outlook for the EURUSD currency pair☝️ Potential trade setup: 🔔Entry level: 1.15351 💰TP: 1.14184 ⛔️SL: 1.15903 "Market View" - a brief analysis of trading instruments, covering the most important aspects of the FOREX market. 👇 In the comments 👇 you can type the trading instrument you'd like to analyze, and we'll talk about it in our next posts. 💬 Description: The main scenario for selling via a breakout of the 1.15500 - 1.16000 support area remains. The USD is gaining momentum and is likely to continue strengthening in the medium term. Against this backdrop, a shorter-term sell-off is being looked for. The lows from early this week serving as a potential sell entry point. Downside targets are considered as low as 1.14000. Thanks for your support 🚀 Profits for all ✅
Short
by StopLoss222
2
GOLD MARKET ANALYSIS AND COMMENTARY - [Nov 17 - Nov 21]Last week, OANDA:XAUUSD prices rose from $3,999/oz to $4,245/oz, but then fell sharply to $4,032/oz and closed the week at $4,084/oz. The reason gold prices rose sharply last week after news of the US government reopening was because White House press secretary Karoline Leavitt said the Bureau of Labor Statistics (BLS) may never release October employment and inflation data because the federal government was shut down during this period, not doing statistical work. These comments put the USD under selling pressure, pushing gold prices above $4,200/oz. However, hawkish comments from Fed officials later pushed gold prices down sharply to $4,032/oz. Specifically, St. Louis Fed Governor Alberto Musalem said that the labor market is expected to remain at near full employment and the Fed needs to be cautious in operating monetary policy at this time. Meanwhile, Minneapolis Fed Governor Neel Kashkari emphasized that inflation is still too high, meaning the Fed should pause interest rate cuts. The sharp decline in market expectations of a Fed rate cut in December may continue to have a negative impact on gold prices in the short term. However, gold prices will hardly fall sharply as macro risks and geopolitical conflicts persist and central banks’ demand for gold continues to increase. 📌According to technical analysis, the support level for gold prices next week is at 3,930 USD/oz. If it holds above this level, gold prices will continue to hover around 4,000 USD/oz in the short term. However, if gold prices fall below this level next week, they may fall to the 3,800 USD/oz area. SELL XAUUSD PRICE 4176 - 4174⚡️ ↠↠ Stop Loss 4180 BUY XAUUSD PRICE 3949 - 3951⚡️ ↠↠ Stop Loss 3945
OANDA:XAUUSDShort
by Xayah_trading
GOLD H1 – Will Retail Sales Trigger Gold’s Next Big Move?🟡 XAUUSD – Intraday Smart Money Plan | by Ryan_TitanTrader (17/11) 📈 Market Context Gold is trading inside a corrective phase as markets anticipate today’s U.S. Retail Sales data and several Fed speeches — both crucial for assessing whether inflation momentum is slowing or rebounding. • Weak retail numbers may hint at cooling consumer strength, supporting safe-haven bids in gold. • Strong data could revive USD demand, prompting sell-side setups from premium zones. Institutional flows show engineered pushes into inefficiency before a directional leg unfolds. 🔎 Technical Analysis (1H / SMC Structure) • Structure: Gold is forming a short-term accumulation at the discount range after consecutive bearish candles and a deep liquidity sweep below 4030. • FVG Sell Zone: 4140–4138 aligns with an unmitigated FVG + internal liquidity — ideal for sell-side reactions. • Discount Zone: 4008–4010 is the last clean demand zone + sweep area, matching the chart’s projected bullish inducement. • Liquidity: → Buy-side liquidity rests above 4140. → Sell-side liquidity remains exposed near 4000–3995. 🔴 Sell Setup (Premium Reaction Zone) • Entry: 4,140 – 4,138 • Stop-Loss: 4,150 • Take-Profit Targets: → 4,095 (intra-day imbalance fill) → 4,060 (previous BOS block) → 4,010 (discount accumulation area) 📌 Trade only after a liquidity sweep into FVG + bearish BOS on M5–M15. 🟢 Buy Setup (Discount Reaction Zone) • Entry: 4,010 – 4,008 • Stop-Loss: 4,000 • Take-Profit Targets: → 4,060 (short-term structure high) → 4,095 (mid-range inefficiency) → 4,138 (final premium reaction zone) 📌 Valid if price sweeps 4008 and shows bullish BOS + displacement. ⚠️ Risk Management Notes • Expect volatility during the U.S. Retail Sales release. • Avoid chasing price inside the 4060–4100 chop region. • Lock profits at each liquidity level and trail stops. • Keep total risk under 1–2% per setup. 📝 Summary Gold remains in a engineered pullback phase with clear liquidity pockets at both extremes. • Sell Zone: 4140–4138 (FVG / premium reaction zone) • Buy Zone: 4008–4010 (discount accumulation zone) A clean manipulation–reaction–continuation pattern is likely before the next intraday move. 📍 Follow @Ryan_TitanTrader for more Smart Money updates ⚡ Check out my TradingView profile for special gifts 🎁
OANDA:XAUUSDShort
by Ryan_TitanTrader
15
GOLD DAILY TRADING 11/17: BUY TODAY🦁 THE GOLDEN ARENA – NOV 17, 2025 “Rebound or Trap? Let the Orderflow Decide.” A visually striking TradingView plan – part narrative, part tactical map. This is not just a bias, it’s a battlefield strategy. 🧭 MARKET CONTEXT SNAPSHOT Price currently consolidating around 4076 – 4084, after clean breaks of structure (BOS) and a deep retracement. Significant supply zones confirmed at 4157 – 4180, where POC clusters, FVG imbalances, and volume absorptions align. Orderflow on M5–M30 shows fading buy pressure and aggressive sells into lower highs. 🎯 CORE STRATEGIES FOR TODAY 🔺 Scenario 1: Breakout Trap SELL (High Conviction) Target Zone 4178 – 4180 (Main Supply) Stop Loss (SL) 4185 Take Profit 1 (TP1) 4155 (Low volume node) Take Profit 2 (TP2) 4100 (Local support) Take Profit 3 (TP3) 4040 (Structural SSL level) 🔍 Why this setup? Clear liquidity pool above 4178 being targeted. Volume tapering off into the move → classic reversal signal. Footprint shows absorption candles at key supply. 🪙 Scenario 2: FVG Scalping SELL (Secondary) Entry Zone 4157 – 4158 SL 4163 TP 4100 – 4105 ✅ Perfect for short-term scalpers looking to ride the intraday rejection from the imbalance zone. 🟢 Bullish Reversal INVALIDATION (Failsafe Plan) Trigger Break and hold above 4185 Entry Breakout Buy above 4190 SL 4175 TP 4220 Only flip bullish if aggressive buyers step in + strong delta + profile breakout. 🧱 KEY PRICE ZONES TO MONITOR Level Description 4185 Stopline – invalidates Sell 4178 – 4180 Main SELL Zone (POC + FVG) 4157 – 4158 Minor FVG Scalping Area 4100 Micro support + Bull trap 4040 SSL – liquidity target 📊 VOLUME & ORDERFLOW INSIGHT M5–M30 Footprints: Massive seller imbalances from 4175+ Footprint at 4084 shows buyer exhaustion Volume Profile: High-volume node at 4178 acting as strong resistance Low-volume gap below 4155 → fast price travel zone Delta: Negative delta buildup confirming sell bias 💡 EXECUTION CHECKLIST ✅ Wait for entry trigger at marked zones – don’t pre-empt. 🚫 Avoid FOMO buy into supply unless 4185 is cleanly broken. 🔔 Set alerts at 4157 and 4180 for rejection signs. 🧠 TRADING MANTRA OF THE DAY "The chart speaks in structure, The volume whispers the truth, But the orderflow shouts the conviction." 📌 Bias: SELL on retracements toward supply → hold for 4100–4040 📌 Watchlist: Footprint aggression, absorption blocks, spoof traps
OANDA:XAUUSDLong
by Linda_OneShotTrader
2
Looking for the Sweep leading into a bigger Play! Price bled lower through the entire Asian session after yesterday’s late breakdown, continuing the move away from the prior value area. We’re now trading inside a cluster of intraday inefficiencies with clean liquidity sitting below at 4013 and the psychological 4000 level. My focus going into London and NY is patience. Asia’s slow descent is typically a continuation phase, not the actual entry. I want to see: A sweep of 4013 or 4000 A clear displacement reaction A retrace back into a fresh M5–M15 FVG Then structure confirming continuation or reversal Until that happens, this remains a bearish environment with untested Weekly imbalance still below. If buyers don’t defend 4013 with force, the algo will likely reach for the 4000 liquidity pocket next. Staying reactive, not predictive. London will reveal whether this breakdown continues or sets the trap for a reversal.
COMEX_MINI:MGC1!Short
by DWoodz
Fear & Greed Index — Rebuilt as a Macro Oscillator for CryptoThe Fear & Greed Index is everywhere — a popular way to gauge market sentiment. But it's usually just a mix of volatility, momentum, and social buzz... 📉 Not exactly macro. This script is a technical reinterpretation of the Fear & Greed concept — but grounded in real, measurable economic behavior . 🧠 The Core Idea This indicator is powered by the Copper/Gold ratio , a time-tested signal used by economists and institutional traders to track macroeconomic cycles: - 🟢 When Copper outperforms → the economy is likely expanding → risk-on → Greed - 🔴 When Gold outperforms → the economy may be contracting → risk-off → Fear Copper represents industrial growth , while Gold signals defensive capital flows . We track this ratio over time using a Z-Score oscillator to identify when sentiment is statistically stretched in either direction — highlighting moments of macro-level greed or fear. 📊 Why It Matters for Crypto Crypto doesn’t live in a vacuum. It's highly sensitive to the broader risk environment. This oscillator gives you a macro lens to help: - Anticipate bullish or bearish shifts in crypto markets - Avoid common emotional traps at sentiment extremes - Build entries or exits around macro confluence zones It doesn’t tell you when to buy or sell — it tells you when the market context is shifting . 🔧 How to Use It - Watch for the Z-Score entering > +2 (Greed) or < -2 (Fear) - Use it to confirm broader risk-on/off behavior - Combine with BTC or ETH price for potential lead/lag relationships - Customize the tickers to test other macro pairs (e.g. SPX/VIX, BTC/DXY) 📈 Built with Pine Script v6 🔍 Default Tickers: CAPITALCOM:COPPER vs TVC:GOLD 📦 Fully customizable inputs, clean visual design, alert-ready 💡 Use this to trade with context — not emotion. If you found this useful, give it a like and drop your feedback or improvements below 👇
INDEX:BTCUSD
by RWCS_LTD
Gold Near Channel Support – Bulls Preparing for Another Leg Up?Gold ( OANDA:XAUUSD ) is approaching the Support zone($4,193 – $4,137) and the lower line of the ascending channel . In terms of Elliott Wave theory , it looks like Gold is completing the main wave 4 . I expect Gold increase from the Support zone($4,193 – $4,137) to Potential Reversal Zone(PRZ) and Resistance zone($4,316 – $4,270) . First Target: $4,253 Second Target: $4,297 Stop Loss(SL): $4,133 Please respect each other's ideas and express them politely if you agree or disagree. Gold Analyze (XAUUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
33
Gold 30-Min — Volume Sell Reversal Triggered⚡Base : Hanzo Trading Alpha Algorithm The algorithm calculates volatility displacement vs liquidity recovery, identifying where probability meets imbalance. It trades only where precision, volume, and manipulation intersect —only logic. ✈️ Technical Reasons / Direction — SHORT / Reversal 4090 Area ☄️Bearish rejection confirmed through sharp candle body. ☄️Lower-high forming beneath resistance supply region. ☄️Volume decreasing confirms exhaustion in price rally. ☄️Sellers regained imbalance with heavy top rejection. ☄️Algorithm detects fading demand and shift to control. ⚙️ Hanzo Alpha Trading Protocol The Alpha Candle defines the day’s real control zone — the first battle of momentum. From this origin, the Volume Window reveals where the next precision strike begins. ⚙️ Hanzo Volume Window / Map Window tracked from 10:30 — mapping true market behavior. POC alignment exposes institutional bias and breakout potential zones. ⚙️ Hanzo Delta Window / Pulse Delta window monitors real buying vs. selling power behind each move. Tracks volume aggression to expose who controls the candle — buyers or sellers. When Delta aligns with Volume Map, momentum becomes undeniable.
TVC:GOLDShort
by Path_Of_Hanzo
44
GOLD → Consolidation while awaiting the driverFX:XAUUSD is consolidating after a sharp decline. Bulls are consolidating above 4050. Important US data is ahead, including the employment report (NFP) on Thursday. Decrease in bets on Fed easing: The probability of a cut in December has fallen to 46% (from 67% a week ago) after cautious statements by Fed officials. However, we have not yet seen inflation and employment data, so the situation may change... The September NFP report will be released on Thursday after a 43-day hiatus. The market is waiting for clarity from the US data. Weak indicators (NFP, inflation) could bring back interest in gold, while strong data would strengthen the dollar and reinforce the correction. Gold is in the $4030–4100 range. A break above $4100 will require weak US data or unexpectedly dovish rhetoric from the Fed. The $4030–4045 level is key support. Resistance levels: 4097, 4110 Support levels: 4071, 4046, 4032 I think the market may remain in the current range while awaiting economic data or other drivers. A correction to support may form from resistance. It is important to monitor the levels from below; if the bulls keep the price above support during the correction, gold will be able to strengthen... Best regards, R. Linda!
FX:XAUUSD
by RLinda
7
Wheat CFD Upside Setup: Tracking Momentum Toward 580📈 WHEAT COMMODITY CFD – Swing Trade Opportunity (Bullish Outlook) 🔹 Market Bias: Bullish Wheat is showing supportive strength on higher-timeframe structure, with momentum building for the next upside leg. 🔹 Entry Zone You may take any suitable price level entry based on your strategy, risk model, and timing confirmation. 🛡️ Risk Management (Stop Loss) Thief SL: 540.0 Dear Ladies & Gentlemen (Thief OG’s), this is only a reference level. Adjust your stop loss according to your personal strategy, volatility tolerance, and risk exposure. Note: I am not recommending you use only my SL. Your money, your rules, your risk. 🎯 Profit Booking (Target) Police barricade zone is acting as a strong resistance area with signs of overbought pressure + trap behaviour, so take profits wisely. Our Target: 580.0 Note: I am not recommending you use only my TP. Book profits at levels that match your trading plan and risk appetite. 🔍 Correlated Markets to Watch ($ Pairs) 1️⃣ CORN CFD ( CAPITALCOM:CORN ) Often moves in tandem with Wheat due to agricultural sector correlation. Rising Corn prices can support bullish sentiment in Wheat. 2️⃣ SOYBEAN CFD ( CAPITALCOM:SOYBEAN ) Part of the same global grain complex. Strength in Soy can indicate broad demand for agricultural commodities. 3️⃣ US DOLLAR INDEX ( TVC:DXY ) Wheat is priced in USD. When the dollar weakens, Wheat often gains due to cheaper pricing for global buyers. 4️⃣ CRUDE OIL CFD ( NSE:OIL ) Higher oil prices increase transportation & production costs for grains. This can push Wheat prices upward over time. 5️⃣ NATURAL GAS CFD ( PEPPERSTONE:NATGAS ) Influences fertilizer costs globally. Rising NatGas often tightens supply, supporting Wheat prices. 📌 Key Technical Factors Supporting Bullish Bias Price maintaining above short-term support zone Higher lows forming on swing structure Buyers stepping in repeatedly at discount levels Strong resistance at 580 acting as the next liquidity target
PEPPERSTONE:WHEATLong
by The-Thief
XAUUSD Far from signaling a BUY yet.Gold (XAUUSD) has been trading within a +1 year Channel Up and has found itself on a correction (Bearish Leg) since it's All Time High (ATH), which was a Higher High for the pattern, 1 month ago. Despite this -11% Bearish Leg so far, it hasn't even broken yet below its 1D MA50 (blue trend-line), which is something it has done on both previous Bearish Legs. As you can see those have been fairly similar to the current one (-10.92% and -9.32% respectively). All started after roughly +40% Bullish Legs led to those. Notice also that both Bullish Legs had to test the 1D MA100 (green trend-line) before the started. At the same time the 1W RSI hit its Buy Zone. As a result, Gold hasn't waved a buy signal yet. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot