XAGUSD / 1D Hello traders, welcome back to another market breakdown. Silver has been traing in a bullish trend, the price recently tested a KEY Level with a trend line. Bulls need to close above 23.79 first to confirm that they are in control. Checkout the chart for the swing targets and what kind of confirmation bulls need to see. Trade safely, Trader Leo
Preferred direction: SELL Comment: For metals, everything is also unchanged, and a fall is expected in the short term. Silver, unlike gold, shows phenomenal intraday growth rates. However, this can hardly be called a reason to buy metals in general. The pressure on them continues, and most likely there will soon be another update of the minimums. Thank you...
Preferred direction: SELL Comment: The trading idea for the euro remains unchanged and further decline is expected. Today, the currency pair has already reacted to relatively negative statistics from the EU, although there is no big negative here. But this trend is enough for the US dollar to continue its pressure on competitors. The main goal today is to...
Witness the astonishing power of Gold as it defies all odds! 🌟 After a jaw-dropping surge in the wake of the FOMC, hitting a resilient resistance zone at 1983, things took a wild turn. The FED's interest rate hike left many traders trapped in sell positions, leading to an insane and horrifying market situation. But guess what? We were ready! 💪 Armed with keen...
2023.9.22 the pound fell sharply reaching 1.618 Hello, I'm Older Duan. Today is Friday, September 22nd 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the US dollar index broke through...
I am unable to past my full analysis here, I do not know why? even camera of TV is also not working. Can not put any details as I do. Just wait for sell at 1947 or buy at 1908, Only one sell high risk is at 1930. Good Luck
-XAU/USD has a bearish structure. -The selling resistance zone at 1928-1930 is holding well. There are rejection signals preventing price increases in this area, so we can consider entering a short position. The potential support level is around 1917. -In the event that the price remains above the 1930 level and closes an H1 candle above this resistance, then...
Gold (XAUUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 1930.73 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level Stop Loss: 1947.52 Why we like it: There is a swing-high resistance level Take Profit: 1903.16 Why we like...
In my 13 September analysis on Silver, I said that the price could lose support and drop to the next important one at 22.30. The next day, the market did exactly this and touched the indicated zone. However, this was just liquidity grabbing with XagUsd quickly rising back above the 23 figure on 15 Sept. Just like XauUsd, Silver also reversed yesterday from the new...
Since the beginning of July, Platinum has been trading in a 100 USD range, between 900 and 1000 USD per ounce (more or less). The start of September found the price at the bottom of this range and the price has started to rise again. A first leg up followed and after XptUsd reached 950, a correction started. Yesterday we had a reversal in price from interim...
XAUUSD Supply Zones moves price down to retest Demand area, Market is Bearish but both zones are strong enough to move market on any direction... Just waiting to retest any of them...
Hello dear traders. Do you have questions about Gold today? Currently, gold is showing signs of weakness and trading at lows below 1930 USD, in the context of a strengthening US dollar due to Fed decisions. Gold still shows its decline as it still cannot overcome the strong resistance level of 1946 USD. Therefore, the possibility of a significant decrease may...
In the context of technical analysis, when CAPITALCOM:COPPER experiences an uptrend trend line break to the downside, it typically serves as a warning sign for investors that the previous bullish momentum may be waning. Such a break could indicate that the asset is shifting from a bullish to a bearish trend. This is often considered a sell signal or at least a...
IF silver could possibly close above 23.59 on H4, it would have established a higher-high and higher low and potentially break the downtrend structure on H4. However, failure to close above 23.59 level may cause the metal to fall into further consolidation before another downtrend move... N.B! - XAGUSD price might not follow drawn lines . Actual price movement...
Yesterday and today I have made it very clear to everyone about gold trading ideas. We mainly focus on shorting gold at high levels. We shorted gold in batches above 1936 yesterday, and made very good profits this morning, with daily profits reaching more than $20K. According to the current structural trend of gold, gold will maintain a downward trend in the...
After the FED meeting, gold, which had risen up to the 100-day moving average, experienced a sharp decline. The price is still outside of the downward channel it broke. On the H1 chart, the 21-period RSI has received an upward reaction from the overbought zone. It still appears technically possible for it to continue its rise towards the 1960 level. Additionally,...
GOLD has reversed from its Supply Zone, you guys can go short. Use proper lot sizes and keep trailing your stop losses. First TP is the last Higher Low at TF-1H. Happy Trading.
- In the first chart (above), we can see the GOLDSILVER index. This index shows us how many ounces of silver one ounce of gold is worth. In other words, it represents the price of gold in terms of silver. - In the second chart (bottom left), we see the volatile child, silver's chart. - And in the third chart (bottom right), we have the chart for shining...