Crude Oil kicked off as expected through 54.90 and extended the leg up to 56.01 highs. We are now watching to see what happens on the pullback to see if buyers are going to show some interest around 55.00 and try for new highs. The current anchor to the move up is at 53.65 so there is a bit of room to contract lower before the buyers continue the move.
Gold consolidated after a down week in a range bound trade cradled between support and resistance due to lack of big-mover events. As global tensions are softening along with an increased appetite for riskier assets, gold remains in bear trend as it again took resistance at the black diagonal trendline and also failed to even touch $1500 adding further downside...
Gold ultimately slipped into bear territory as it breached the long standing support of the diagonal black trendline on closing basis ending well below the $1500. The downturn was further triggered by a host of positive news coming from different parts of the globe toning down the tensions with the pick of the lot being “an agreement for further agreements”...
Looking at the long term chart, soybeans are poised to make an aggressive move to the upside. However, this can happen in two flavours: a failure at the 9.224ish level followed by a correction and an extension of the building divergences, or, a break past that level followed by more upside. If the price hits the aforementioned price target and stalls out or...
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !
A technical pattern which has had a virtually 100% success rate is in effect now: look for positive and negative divergence on the CCI, coupled with a PPO-9EMA crossover and a break of support or resistance. There has not been a crossover on the PPO yet but it is flattening out nonetheless. Right now I highly suggest scaling into UGAZ and setting a stop below the...
$GOLD New week view ! Do your own analysis before making decisions. *This is for educational purpose only.
Daily Chart Explanation: - Price started its down move after bouncing on the Major Resistance Zone. - Now, price is on the Middle Resistance Zone. - If it bounces from here, it has potential to continue its down move towards the Support Zone and, then, towards the Major Support Zone. - We are looking for sell setups on lower timeframes. Weekly Vision: ...
Like Gold here on the 2 hour chart. We have had our break, and a very strong one I might add below the neckline. A very quick post here because it is a simple idea. It appears we are making another swing here (lower high). Target would be 1460 but do watch for 1475 as well.
Gold finally had a pattern breakdown which pushed it as low as $1460 before it managed to scale back above $1500 retesting the flag breakdown but the support of the diagonal black trendline still remains unbroken as the week closed exactly above it. With U.S – China trade talks to happen next week, there is an increased optimism for reaching a deal even if it...
Please write here whatever you want to speak about. Thank You
Get the Edge over other Traders and Stay 1 Step Ahead. works with all markets and all time frame.
Gold yet again fell prey to consolidation/correction after making highs of $1535 adhering to the ongoing reversal pattern but it also again took support of the diagonal black trendline and bounced back from the lows (making a similar 5th bottom) clearly indicating massive buying at that level. Once again a big negative surprise popped out of the “Pandora’s Box” in...
The support and resistance levels are pivot bands and adaptive. Updates will be made about the idea. You can use supports for profit realization and resistances for stoploss according to your leverage and risk .
Commodity: Gold Flow: Bearish Trend Structure: Downtrend Analysis: Gold sitting on critical support line. Will we see an exhaustion? Or a break to the bottom? Telegram: t.me
Hi Traders I decided to post this chart because I noticed that , at first glance NATGAS completed 5 waves up and therefore, at the end of this retracement, Traders will think that that the move will be up to the 3 rd wave of the higher degree. I was trying to fit Fibonacci as confirmation, and it didn't match .. I went to a lower time frame and I adjusted the...