Gold (XAUUSD) is failing to break above the 1D MA50 (blue trend-line) on successive tests and as long as it remains below it, the trend will be bearish. In fact the dominant pattern is a Channel Down and the last time we had such a formation was from December 28 2023 to February 14 2024. It was on that day (Feb 14) that the price bottomed exactly on the 1D MA100...
Price is currently breaking out of a resistance level which is an overlap resistance and could potentially rise our take profit. Entry: 4.4291 Why we like it: There is an overlap resistance level. Stop loss: 4.3607 Why we like it: There is a pullback support level. Take profit: 4.5416 Why we like it: There is a pullback resistance level which aligns with the...
XAG/USD is rising towards a resistance level which is an overlap resistance that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 29.91 Why we like it: There is an overlap resistance level which is slightly below the 50% Fibonacci retracement. Stop loss: 30.88 Why we like it: There is an overlap...
Oil analysis 4-hour and 1-hour time frames The price is near the 4 and 1 hour supply area and we expect it to start correcting after hitting the area.
XAG/USD is falling towards the pivot and could potentially bounce from this level to the 1st resistance which has been identified as an overlap resistance. Pivot: 28.76 1st Support: 27.96 1st Resistance: 30.23 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...
Price has rejected off a resistance level which is a pullback resistance and could fall to our take profit. Entry: 2,337.01 Why we like it: There is a pullback resistance. Stop loss: 2,353.31 Why we like it: There is an overlap resistance level which aligns with the 100% Fibonacci projection. Take profit: 2,308.44 Why we like it: There is a pull back support...
XAU/USD is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit. Entry: 2,292.30 Why we like it: There is a pullback support level. Stop loss: 2,271.43 Why we like it: There is a pullback support level that lines up with the 161.8% Fibonacci extension. Take profit: 2,334.80 Why we like...
XAG/USD has reacted off the resistance level which is an overlap resistance level that lines up with the 38.2% Fibonacci retracement and could fall to our take profit. Entry: 30.06 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 30.88 Why we like it: There is a pullback resistance level. Take...
A "Triangle Pattern" has formed in Crude Oil and Downtrend has "Breakout". So market is Bullish Trend. And the Target is Triangle's Top Trendline at INR 7100. Additionally, Expect a Breakout of the Triangle Pattern. Don't miss the "Wolf Wave Target" Opportunity. If Breakout the Triangle Pattern, then the Next 2nd Target is Wolf Wave. Refer to the below image for...
The Silver (XAG/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 28.83 1st Support: 27.70 1st Resistance: 30.08 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 and CFDs may not be suitable for all investors,...
WIT Oil (USOIL) didn't disappoint last time we looked at it (June 05, see chart below) and delivered our buy signal, easily hitting the 75.70 Target: The price is now at the top (Lower Highs trend-line) of the 2-month Channel Down and just below the 4H MA200 (orange trend-line), which is where the last Lower High was priced and rejected. At the same time, the...
Gold (XAUUSD) delivered our expected pump and dump move following the higher than expected Nonfarm Payrolls (NFP) on Friday: It almost hit our 2280 Target, so we recommend taking the handsome profits as there is high probability of a rebound towards 2360 and another dump. We are willing to re-sell there and target 2280 or if the 2277.50 Support breaks (candle...
Gasoline (RB1!) has been on a strong Bearish Leg ever since the April 12 High, which is a Lower High for the 2-year Channel Down, and even broke below the 1D MA200 (orange trend-line). Having already touched the 0.618 Fibonacci retracement level, we expect a medium-term rebound, similar to the one on May 04 2023. The rally not only hit and broke above the 1D MA50...
WTI Oil (USOIL) hit the bottom of the 2-month Channel Down and is consolidating since yesterday. This prompts to being a technical Lower Low for the pattern and the buy signal gets even stronger as the 1D RSI broke below the oversold barrier for the first time in 6 months (since December 06 2023). The 4H MA200 (orange trend-line) provided the last rejection...
Palladium (XPDUSD) gave us the most optimal sell entry on our March 15 (see chart below) sell signal: Now however it is time to take profit on that trade before the projected Target as the 1D RSI Double Bottomed, while the price is on Lower Lows. Even though this isn't a direct Bullish Divergence, when RSI Double Bottoms were formed along price Lower Lows,...
Straight and plain success of our previous Platinum (XPTUSD) signal (April 24, see chart below), where we caught the exact Bullish Megaphone bottom and hit directly our 1060 Target: The price could now enter a consolidation phase, the last accumulation, similar to November 15 - December 15 2022, when after it touched the 1D MA50 (blue trend-line), it rallied...
Gold (XAUUSD) broke below the 1D MA50 (red trend-line) and is forming today the first 4H Death Cross since January 12. As we mentioned on our previous analysis, we expect the yellow metal to trade sideways on the medium-term and that involves the price testing the May 03 Low on a potential contact with the 1D MA100 (green trend-line). This will be a mirror trade...
Last time we looked at Copper (HG1!), we established our long-term strategy (April 19, see chart below), which involves a new Bull Cycle, through a Channel Up pattern similar to 2020 - 2021: So far the plan goes flawlessly, as the price hit the top of the (green) Channel Up and is now pulling back. The 1W MA50 is about to complete a Golden Cross with the 1W...