Nat gas made a bullish reversal today. Closing up over 6% Natural gas has recaptured the short term trend and is trying to establish a new bullish range. If Nat gas holds above the key $1.8622 level we will have a quick squeeze to $2.25 Oil continues to grind higher. making new higher highs and higher lows. Oil is now on watch to target $90 a barrel....
Dear friends, today we shorted gold in the 2263-2265 area and set TP: 2245, making a profit of 18 points and successfully making a profit of 10K, which is a good gain. After touching 2245TP, I used small batch trading lots to chase short gold at 2246 and 2237 respectively, and set TP: 2225. Because gold only touched the lowest position near 2228, these two...
Dear friends, today we shorted gold in the 2263-2265 area and successfully made a profit of more than 10K, which is considered a good gain. After hitting the TP with this transaction, I used small batch trading lots to chase short gold at 2246 and 2237 respectively. Although these two transactions have not ended yet, overall there is still a floating profit of...
Yes yes, we know... this is rather a glum view of the market BUT, we'd rather be open to every possibility so that we're not taken by surprise. According to Elliott Wave Theory, it's often the case that if Wave 2 is a simple correction, wave 4 turns out to be a complex correction. This seems to be what we're seeing right now. Wave 2 was a simple ABC correction...
Gold is trading inside a Channel Up, making today a new Higher High. This is a sell signal, as long as the price doesn't break higher. The minimum decline/ Bearish Leg inside this pattern has been -2.30%. Trading Plan: 1. Sell on the current market price. Targets: 1. 2215 (-2.30% from the top). Tips: 1. The RSI (4h) crossed under the MA trendline. This has been...
After the rise of gold and the fall below the trend line that we expected to fall, we can enter sell positions again and place the Stop loss at the bottom of the chart at the 2270 So, this analysis is a continuation and confirmation of the previous analysis so that we can have more reliable sales with the updated idea.
Hello traders, Bitcoin is moving inside the 60k- 74k range making a complex ABC correction. We are currently in wave B and expecting it to finish above the recent all-time highs and at the -1 Fibonacci level. Short Entry: - Watch the rejection at -1 fib level - Entry at breakout of ascending trendline - Stoploss: Above the highs after entry - Target:...
Gold prices surged to a record high recently, buoyed by a confluence of factors including speculation of a June Fed rate cut, geopolitical tensions, and a risk-on sentiment. As investors closely monitor these developments, it's essential to delve into the key drivers behind the gold market's bullish momentum and assess its potential trajectory in the near...
Last week gold moved in a very strong bullish wave and tapped into new ATH. The big daily resistance trend got broken. Today it broke below this resistance trend. Structure build above this zone. Expecting gold to retrace bullish first and then a posible further fall towards 2225. Arrows are a posibility, not a signal. resistance: 2244, 2259(ATH) support: 2222, 2211
Technical Analysis: Incorporate key trading indicators such as the double line resistance breakout, pullback support, and demand zone analysis to assess price movements in the US Oil market. Identify channels and trendlines to spot potential breakout or breakdown points, confirming with volume and momentum indicators like relative strength index (RSI) and moving...
Gold is moving above $2,200...in this case, it will head towards $2,300 Gold prices did not witness noticeable movements during these moments of trading today, Thursday, after they ended yesterday’s trading at record levels, with investors looking forward to more US economic data to obtain evidence of the course of monetary policy. Ilya Spivak, head of global...
Hey Everyone, Once again our chart idea played out perfectly hitting all our Bullish targets right form the get go when the market opened. As stated we are seeing price challenge 2231 on market close on Friday and we needed ema5 to cross and lock above 2231 to open the range above. - We got the EMA5 cross and lock above 2231 opening 2240, 2246 and 2253, which...
Gold has directly risen by about 30 US dollars. If it rises higher, it will inevitably fall back. Look below 2230. Are you ready? Gold has directly risen by about 30 US dollars. If it rises higher, it will inevitably fall back. Look below 2230. Are you ready? The golden hourly line K-line deviates far from the moving average, and the K-line will inevitably...
Dear friends, gold has repeatedly broken new highs, reaching the highest level of 2265. Gold is still continuing its strong unilateral rise, but as far as current trading is concerned, I do not advocate continuing to chase gold. Because gold continues to be very overbought and deviates too far from technical indicators, there is currently a short-term need for a...
OANDA:XAUUSD ANALYSIS - Dollar down, gold up - Gold retests prior 2024 all-time high DOLLAR DOWN, GOLD UP Gold is influenced by a slightly weaker dollar at the start of the shortened trading week. Last week, gold prices showed an unusual evening star pattern, which can indicate a bearish trend reversal. The dollar is possibly stabilizing after a volatile end...
The world gold price is trading at 2,190 USD/ounce, up 12 USD/ounce from yesterday. Investors are anticipating US inflation data, which could provide insights into the US Federal Reserve's policy pivot. Despite the USD rebounding, precious metals remain near their recent historical peak. Investors are waiting for US economic data to be released later this week...
📣Hello Mates! We have seen that gold is continuously bullish and its momentum is not going down, so now we think that gold has gone as high as it was supposed to go, maybe it can go up a little more to 2280 or 2300. May then continue to go down and meet our targets of 2150 and 2090. 🔑 Remember, money management is crucial. Before employing our analysis,...
My dear subscribers, My technical analysis for SILVER is below: The price is coiling around a solid key level - 24.924 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 24.722 About Used Indicators: By the very nature of the...