Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price declined below $2375 level, which coincided with resistance area, but soon backed up and some time traded near. Later, Gold made downward impulse to support level, breaking $2375 level, after which price bounced up and started to fall in...
My dear subscribers, USOIL looks like it will make a good move, and here are the details: The market is trading on 77.93 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 78.62 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as...
Judging from the current trend, today's upper pressure will focus on the 2326 line, which opened last Friday's non-agricultural opening. Counterattacks during the day will rely on this position to continue to be bearish and the downward trend will fall. The short-term support below will focus on around 2280-2285. The short-term watershed between long and short...
Balance of buyers and sellers on the GOLD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair. ❤️ Please, support our work with like & comment! ❤️
After carefully observing the market and implementing the use of top down analysis from all key time frames for a swing movement, a hedge market break down on the daily timeframe has been analysed and all key zones has been carefully highlighted indicating the zones of retest, retracement or a possible market turnaround further breakdown along New York session,...
Gold (XAUUSD) completed on Friday the 2nd straight red 1W (weekly) candle for the first time since mid February. That was when the enormous 9 week rally started that only had to show 1 red week. Even though the long-term pattern is a Bullish Megaphone, the bad news for Gold is that this correction may be far from over and the US10Y (orange trend-line) makes a good...
Gold may be charting a falling wedge pattern. If so, this would be bullish in nature. A clue would be to watch the momentum for an upside bias. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex...
The previous setup i shared about WTI is confirmed and actally is running pretty well. I expect a continuation to the upside till the resistance area at $81.5 before a possible retrace. On lower timeframe we can see a bullish divergence and a break above bearish trendline. Expecting higher
Natgas is again approaching the usual support level around 1.613. I think we can't go any lower than that, so it might be worth taking a long position. The lowest possible can be 1,566.
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2305 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2305 support and resistance area. Trade safe, Joe.
As you can see the price respected the bullish daily FVG and created the bullish breaker that comes with bullish FVG. If the price retests the bullish breaker block, it can be our entry; keep in mind we need LTF confirmation for entry. In this scenario, we can target Daily bearish FVG and also the liquidity above relative equal high. 💡Wait for the...
FX:XAUUSD continues to form the phase of correction. The price stops in the zone of 0.236 fibo, but the candlestick setup on D1 is forming multidigit. The struggle between buyers and sellers for 2285 continues. Last week was fundamentally rich, but the market reaction is weak, sellers are actively selling out any buying activity. A pre-breakdown setup is...
6th May DXY: Currently consolidating slightly above 105, needs to break 105 support to head down to 104.60. NZDUSD: Buy 0.6025 SL 25 TP 50 AUDUSD: Buy 0.6670 SL 20 TP 55 USDJPY: Test and reject, Sell 154 SL 30 TP 200 GBPUSD: Buy 1.2643 SL 20 TP 60 EURUSD: Buy 1.0805 SL 25 TP 65 USDCHF: Buy 0.9025 SL 30 TP 115 (confirmation for big upside is above...
Gold (XAU/USD) has made a bullish reaction off the pivot. Could this precious metal potentially bounce higher towards the 1st resistance? Pivot: 2,285.17 1st Support: 2,189.01 1st Resistance: 2,358.70 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex...
The corn market is buzzing with positive signals today , promising strong profit potential for investors. Our assessment is spot on as corn prices are exhibiting a robust recovery trend. Across all key timeframes - 4 hours, 1 day, and 1 hour - the upward trend is evident, presenting golden opportunities for investors to seize. Particularly noteworthy is the...
NASDAQ:SBUX Has had a tough week (dropping -17.7%), topped with a demand from the former CEO Howard Schultz to shift focus from the current data-driven business model to a customer-centric business. With the above being said, I believe the coffee giant will recover amid rising competition from Dtchbros $NYSE: BROS and Dunkin Donuts $FINRA:...
It's essential to understand that gold prices are influenced by a myriad of factors, including economic data and central bank policies. Recently, the Non-Farm Payrolls (NFP) report, a key indicator of economic health in the United States, came in weaker than expected. This unexpected weakness in job creation has led to speculation that the Federal Reserve may be...
This week, 15 Wall Street analysts participated in the Kitco News Gold Survey and most analysts expect gold to slide this week. Four analysts, or 27%, predict gold prices will move higher, while five analysts, or 33%, predict gold prices will fall. 6 experts, equivalent to 40% of respondents, believe that gold will continue to trade sideways. Meanwhile, 217 votes...