Gold's 30-minute moving average is still in a dead cross downwards. Gold's 30-minute rebound seems to be strong, but it still has not been able to break through the downward trend line resistance. The gold downward trend line resistance has now moved down to around 2320. Gold has shot up many times and then fallen back. There are many resistances above, so...
Preferred direction: BUY Comment: As noted at the beginning of the week, the prospects for metals are quite vague, but it is still possible to make more assumptions about growth. The nearest serious resistance level is located at 28.69664 , where growth is considered. Both scenarios are depicted in the graph. Scenario №1 is the most likely, and here it is...
Here is our detailed technical review for SILVER. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 27.564. Taking into consideration the structure & trend analysis, I believe that the market will reach 27.047 level soon. P.S The term oversold refers to a...
The US crude oil benchmark is currently trading around $79.50 on Friday, marking a continued decline from its recent peak of $88.00. This downward trend is attributed to several factors, including rising crude inventories in the United States and diminishing expectations for interest rate cuts from the US Federal Reserve (Fed). The Fed's decision to maintain...
Take a look at our analysis for GOLD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2307.567. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2337.511 level. P.S The term oversold...
Hello Traders, It has been more than 5 months from my last posted ideas. How do you do? Let Enjoy Gold Roller Coaster Ride!
Hello,Friends! GOLD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2325.075...
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
Due to delays this morning, I missed the opportunity to short gold. But fortunately, we also made a lot of profits in long gold transactions, which made up for the regret of missing the short gold profits. Today we added long gold positions near 2314 and 2307 respectively. During the rebound, gold hit the highest position near 2321. Even if we closed the position...
USOil (WTI) is under pressure, it has retraced into my optimal entry zone on the 4H. Looking to sell at the currrent level with a 2R target. SL above the previuos high. Not financial advice.
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 09 May 2024 SELL LIMIT Order: $2314.74 Stop Loss: $2321.78 Take Profit 1: $2307.94 Take Profit 2: $2298.91 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
WTI is following my main ideas and it showing us a good bullish pattern that I really like. We can see a strong divergence on multiple timeframe, a break above main trendline, and it's giving us enough time to accumulate longs at a strong support zone. My first target is the same as previous ideas
It doesnt look like the bulls are giving up just yet, with the inability to push lower or higher gold has been range bound for the last few days whilst respecting the 25% QT support zone and the dynamic ascending support which creates a 4HR bearish flag showing signs of a trend reversal to the upside. Primarily we need to be patient and wait for the correct...
Hello,Traders! CRUDE OIL was going Down but now we are Seeing a bullish breakout From the wedge pattern So we are locally bullish Biased and we will be Expecting a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hi everybody, today i start my first GOLD trading strategy for public. I will show you, how i trade and also will update every strategy enter with points calculating. First deal is bullish. I enter long position at 2314.951 after big bullish accumulation volume (i paint it for you). So going upper.
Selling PUTs on Natural Gas ETFs seems a decent income prospect at the moment. Not only are there auspices of a falling wedge breakout, but an increase in momentum may be acting as support at the lower end of a months long trading range. These formations are already seventy five days in the making, providing some confidence in the likelihood of our bullish...
Hello dear Traders . In the gold chart, we can see that the price managed to hit both of the next targets, namely $2,308 and $2,303, resulting in a 200-pips yield for us! Now, the price is near a demand zone ($2,291 to $2,303), and I assume that with the price entering this range, we will witness an increase in demand that could drive the price to higher targets...
#XAU/USD #Analysis Description --------------------------------------------------------------- + GOLD price is currently trading inside the triangle and the price has been ranging since May + I'm expecting the price to break downwards as the overall trend on lower timeframe is bearish. + We have good opportunity for a short trade here....