In my Saturday video analysis, I said that Siver could drop and test the 21 zone. XagUsd dropped hard and even exceeded my target. After the low under 21, Silver started to consolidate and recovered some losses. The recent price action is carving a small double bottom on our chart that could lead to further gains. However, considering the strong down pressure, I...
– Previous Daily candle closed weak Bearish around 1821.300 as price consolidate within the No Trade Zone identified on the most recent Analysis posted for Wednesday 4th October 2023. – Buys on close above 1829.200 targeting 1h Resistance around 1833.700, Leaving Runners to the next Hourly Resistance formed around 1838.000. – Sells on close below 1817.200...
XAUUSD Short Term Pullback Whilst Momentum Slows After a sharp bearish slump which we identified with the descending channel XAUUSD hit some fierce support soldiers that slowed momentum and provided a suitable range zone to get some nice price action zone trading in, however, is this the push back to and over 1900 just yet? Look at my daily analysis to see what I...
Preferred direction: BUY Comment: A drawdown is also expected for metals, but not as deep as for the same currency pairs. Here the downside potential is most likely almost exhausted. It is best to enter from current levels after a false breakout downwards. The round level 1850 is considered as a target. Thank you for like and share your views!
Preferred direction: SELL Comment: The growth attempt on October 4 turned out to be even weaker than the previous one, which took place at the end of September. Thus, you should most likely count on updating local minima. Considering the target lies at the level of 1.04500. Thank you for like and share your views!
Gold Elliott Wave Count The price of gold is predicted to decrease further to around 1760. Although there may be a slight rebound at the 1805 mark, the overall outlook remains negative. Once the correction is finished, the next upward trend is expected to reach the target range of 1900 and beyond. This information is for educational purposes only, so trade with...
It looks bottomed in 1h timeframe, i expect a small pump in a lower timeframe. Lets see how price reacts at this zone.
A friend of mine asked for me to analyse US30 as they were looking to add it into their investment portfolio, so I thought I'd share it for free with you all as well! ⭕️ Market Currently in Wave 5 (Impulse Wave). ⭕️ Negative Correlation to DXY, Which We're Bearish on Long Term. ⭕️ Last Rate Hike Expected by Federal Reserve, Which'll Push Up US30.
US30 has hit its sell target, netting a 6.15% ROI😍. Recommended to now close your sell positions, let price settle and let buyers slowly come back into the market for its longer term move.
In the past two days, I have been reminding everyone to do long gold in batches in the 1820-1815 area. Currently, gold has rebounded to around 1825. The long gold position we currently hold still has good profits. And I believe that gold is currently basically at the bottom of this round, so we can still be confident and bold in going long gold in the 1820-1815...
Hey Everyone, Another great day on the charts for us today, with price playing between 1831 and 1817, as suggested yesterday. We continued to take buys from the weighted level at 1817 for clean 30 to 40 pip catches, as part of our plans to buy dips. As stated already, we will now need to see a cross and lock on either 1831 above or 1817 below to determine the...
Today is the same as I predicted yesterday, as long as gold falls below 1820, you can buy it in batches. As can be seen from today's trend, gold has strong support in the range of 1800-1820, so today I bought in batches near 1815 and 1820. I reminded my followers that because gold is still in a downward trend, it can be sold as long as it rises to 1830-1840,...
Hello,Traders! GOLD keeps falling in a Downtrend and it is clear Now that Gold is oversold So after it hits the horizontal Support of 1805$ we will Be expecting a move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Bear rallies tend to be the MOST FURIOUS!!! Be careful but take ADVANTAGE!!! SP:SPX upcoming resistance @ 3 areas: 4280 Moving avg is a little above that (weakest resistance imo). MAJOR = 4330 (it closes above this will post further levels). Keep an eye as the RSI closes in on 50. #stocks DJ:DJI TVC:NDQ TVC:RUT TVC:VIX TVC:DXY TVC:TNX #GOLD #SILVER
Obviously the re-accumulation is done. NASDAQ:XAG has found its Climax around 14$, played in Phase B for 6 years with an attempt to 21$ thus creating an UpThrust, till “COVID”, where price collapsed to 11$, found “some” buyers that sent price to the opposite direction. As you can see JAC is obvious ; BU seems to be done as well, bullish divergence confirmed....
Hi everybody! The price of gold today has dropped to its lowest level in 7 months as the US dollar and bond yields rise, fueled by strong US economic data that creates expectations of tighter monetary policy. Currently, Gold is trading at $1822, the lowest since March, with no immediate signs of a rebound as DXY continues to strengthen in recent times.
Thank you for reading our update. Please keep in mind that this is not trading advice. This coin's value has been going down since 2022, especially after it dropped from an important point at $4.55. However, 2023 looks like a year when the coin might go up to that level again. Some companies have shown interest in it this year, with FIRM EDEN BLOCK being one...
GOLD is in consolidation on the background of falling market. There will be news soon, quite strong, and most likely the market players are waiting for the data, so consolidation will form on the chart. The sentiment indicator indicates a bearish potential. The trend is also bearish. The news impulse may hit resistance, after which the decline may resume TA on...