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As it can be inferred from the chart, the price is currently in the process of completing the correctional move of the strong impulsive move that took place last week. The price is currently forming a Head&Shoulders pattern at the area of a local resistance that lines up with 0.382 Fibonacci retracement level. We are expecting for the price to keep dropping all...
Gold against Dollar price has a bearish final week on January , Nothing wrong to say a break out trade happened by breaking 1808 price zone last week, Expecting the price to go upwards on the first phase of the week towards 1812 zone , if it breaks again upwards it has a great chance to higher towards 1900 , if not price will come down towards 1770...
As it can be inferred from the chart, after a massive bullish candle penetrated through the zone of resistance identified on the chart, a nice re-test has been completed as well. We are now expecting for the price to keep rising and reach the area of resistance illustrated on the graph. The sentiment of the market is bullish, so we believe that the probability of...
In the previous analysis for GOLD, we had mentioned that the price is most likely to visit the area of the ascending trendline that aligns with 50% Fibonacci level once again, before continuing its moves to the upside. As it can be seen from the graphical illustration, a nice bullish hammer candlestick pattern was formed earlier, as the price nicely rejected the...
The price is currently sitting at an important level of resistance. The last few DAILY timeframe candlesticks are indicating a massive bullish pressure. As or right now, it is a bit difficult to predict whether there is a possibility for the price to drop till the 50% Fibonacci level before continuing its powerful bullish movements. However, we will keep...
As it can be inferred from the chart, the price has broken out of a downtrending channel but has failed to continue rising to the upside. A mini-range has been formed and the price is stuck between the boundaries of it. We will be waiting for a successful break+retest of one of the boundaries before opening a SELL/BUY position and aiming for one of the areas...
Hey Guys, This is a very similar setup to my Silver trade were they're showing signs of recovery and possible reversal to continue larger trends. Oil has now re-entered the channel it has been in since March and showing great strength busting past the 150 day MA with the trend line. on the on the smaller time frame it has broken out of its Bull Flag pattern so...
Traders, Coffee like other commodities has been on a huge run this year. But now it has reached a point of pause, correction and possibly reversal too. So coffee futures can fall down from the FCP zone. Wait for a confirmation as the market has been trending hard upwards. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on...
Hey, family! Quick update on Bitcoin. Nothing much has changed since our last analysis on Monday as the price is still consolidating around a possible entry zone. The chart analysis pretty much says it all about why our bias is bullish on this pair. Multiple technical confluences are being lined up perfectly: the formation of Higher Highs and Higher Lows, an...
TO begin with, the sentiment of the market is pretty bullish. After a massive drop last week, the price has formed a valid bottom and is now charging up for further bullish movements. During the market opening this week, a massive candle spike broke the sideways moving range to the downside, grabbed some liquidity, and then returned back into the range. We are...
Some interesting factors are currently affecting commodity prices. Supply chain bottlenecks, unpredictable demand from economies reopening, geo-political tensions, climate change policies are just a few examples. I find it helpful to review the state of the commodities market periodically. In this article, we will examine Lumber, Cash Crops, and Iron Ore. ...
From mid-September until the end of October, Iron Ore appeared to have found a safe space above US $100. Now, after a steep decline beginning October 27, 2021, Iron Ore has started to test May 2020 lows, close to US $90 per metric tonne. The commodity is grating against predictions by ANZ Bank (ASX: ANZ) for it to “find a floor around current levels”. Demand (or...
1hr Timeframe Fibonacci Awaiting confirmation from the 100% on the Fibonacci. Forecast for a movement short and hit 38.2% SBCapital1 on Socials This is not a signal - Just a personal forecast.
The price is currently located at the lower boundary of the uprising range. We will closely monitor the price action and open positions for GOLD after enough confirmations have been provided. If the price manages to break the lower boundary of the channel and re-test the broken structure, we will be looking forward to opening SELL positions and aiming for the area...
ETF Corn is in the middle of a pullback, but is it bullish and due for a trend reversal above 1.30?
Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The commodity Silver appears to have broken above 23.20 resistance from an ascending triangle setup. The support trend line was made with the higher lows of 21.50 and 22.35. Expectations are for Silver to head higher towards 24.75. Indicative stop loss is set around 22.15. Technical...
The sentiment of the GOLD market is clearly bullish. As we can observe from the graph, after series of long and dull consolidations, a massive candle was able to break the upper boundary of the sideways moving range last week. The price dropped again right after, in order to correct the massive bull candle and re-test the area of the broken resistance. Now, as...