Silver (XAGUSD) remains within the 2-year Channel Up pattern we mentioned on our Aptil 17 analysis (see chart below) that hit our 32.000 Target: The price is on a 3-week correction, which is technically natural within this pattern. The symmetry with the previous Bearish Leg of the Channel Up suggests that since the price has hit the 0.382 Fibonacci level from...
The price is rising towards the pivot which has been identified as a pullback resistance and could reverse from this level to the pullback support. Pivot: 80.83 1st Support: 77.50 1st Resistance: 83.49 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...
The Gold (XAU/USD) is rising towards the pivot and could reverse to the 1st support. Pivot: 2,390.87 1st Support: 2,335.77 1st Resistance: 2,422.88 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, so please...
WTI Oil (USOIL) followed our July 02 (see chart below) sell signal to perfection as it got rejected on the Lower Highs trend-line and Resistance 1 and broke today below the 0.618 Fib, hitting our 77.00 Target in the process: For that projection we used the February 05 Low as a benchmark, which also hit the 0.618 Fib and rebounded on the 1W MA200 (red...
USOUSD is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 80.40 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 81.55 Why we like it: There is a pullback resistance...
The price is currently reacting off the pivot which is an overlap support and could potentially rise to the 1st resistance. Pivot: 2,392.79 1st Support: 2,371 1st Resistance: 2,419.04 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...
Gold (XAUUSD) dipped on Friday below its 4H MA50 (blue trend-line) but that doesn't affect the long-term trend (see chart below), which is still bullish within the 18-month Channel Up pattern: Even on the current 4H time-frame analysis, the price found support right at the bottom of the short-term Channel Up. However, short-term buys can only be confirmed...
The price is falling towards the support level which is a pullback support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 2,423.36 Why we like it: There is a pullback support level which is slightly above the 50% Fibonacci retracement. Stop loss: 2,391.64 Why we like it: There is a pullback...
This is a small Gold (XAUUSD) update on Monday's idea (see chart below) as we have a major Resistance break-out: As you can see, the price action is so far following our trading plan and following the Resistance break-out, we see it potentially moving a little higher and then pulling back to re-test the Resistance as a Support. That happened on the previous...
XAG/USD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 30.58 Why we like it: There is an overlap resistance level which lines up9 with the 38.2% Fibonacci retracement. Stop loss: 31.48 Why we like it: There is a pullback resistance...
In XAUUSD, Triangle Pattern formed and Breakout and also Now Reached the Triangle Pattern Target. I Published my Analysis in TradingView on June 27, Triangle Pattern Breakout on July 3rd, and July 15 Reached the Triangle Pattern Target. Refer to this image below, Support me; I want to Help People Make PROFIT all over the "World". Analysis Published on June 27...
WTI oil is falling towards the support level which is a pullback support that aligns with the 78.6% Fibonacci projection and could potentially bounce from this level to our take profit. Entry: 80.858 Why we like it: There is a pullback support level which lines up9 with the 78.6% Fibonacci projection. Stop loss: 79.374 Why we like it: There is a pullback support...
Gold (XAUUSD) is on a sustainable short-term rise above the 1D MA50 (blue trend-line) and is coming out of a consolidation pattern (blue) similar to December 2023 - February 2024. Both were supported by the 1D MA100 (green trend-line) and both are within the long-term 18-month Channel Up. This could technically be the start of the 3rd Bullish Leg of this pattern....
The price is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 31.12 Why we like it: There is a pullback support that lines up with the 50% Fibonacci retracement. Stop loss: 30.73 Why we like it: There is a pullback support level. Take...
WTI/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 82.94 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 84.15 Why we like it: There is a pullback...
The Gold (XAU/USD) is falling towards the pivot and could potentially bonce to the 1st resistance. Pivot: 2,367.73 1st Support: 2,355.13 1st Resistance: 2,391.09 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...
WTI/USD is falling towards the support level which is an overlap support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 80.86 Why we like it: There is an overlap support level which is slightly above the 61.8% Fibonacci retracement. Stop loss: 79.33 Why we like it: There is a pullback support...
COPPER is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 4.5146 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement. Stop loss: 4.4253 Why we like it: There is a pullback support level which is...