USO follows the futures prices of oil barrels. On this 30 minute chart, price falls have been rejected by the POC line of the volume profile and the Lux Algo Donchian channel has transitioned from downgoing to trending up. The dual TF RSI of Chris Moody now shows RSI holding above 50 in both the 15 min and 60 min TFs. Net distribution has bottomed out and...
Hello ladies and gentlemen! The capital market is always unpredictable. Last week, gold was still falling sharply. This Monday, gold rose directly as I predicted. People who have followed me for a long time know that on Monday, I made it clear that gold will bottom out this week, opening up room for growth. . Gold rose directly after the market opened on...
Weekly closing above 119 is a good sign for upward momentum. Stock is also following trendline. Support @ 119 is holding good for this week. Expect stock to go up to next S/R zone at least. MACD looking good for a good move upward too.
Price Action forming Higher Low Pattern. MACD Cross also forming Higher Low Pattern. Stock seems to be following Trendline. Currently also @ crucial Supply/Demand zone. Weekly closing above 500 levels with good volume can take the Price to new Higher High Levels. NOTE: Only negative for now is CTO and Chief HR has resigned very recently.
World gold prices today (May 29) increased in the context of a weakening USD, while investors are still waiting for US inflation data later this week to judge when the Fed will cut interest rates. . The US Dollar Index fell 0.1% to its lowest in more than a week, making gold cheaper for holders of other currencies. Investors will monitor the US core personal...
Check out swing analysis for overall view pinned below. Now price reacted at 0.5 Fibonacci level & strong keylevel in upward range trend. If buyers not allowed to create one more higher low then strong movement expected with big breakout. Price is following the upward channel Buy Above:657 T1:666 T2: 674 Swing traders can hold for more time Direct Gapup...
Price reached to a critical fib level, upside trend started in March is valid until we see a break below 245.5 or Kaufman MA. If price surge below support then 230-217 are most likely targets. I dont expect a trend change but a short correction, support from MA(50) may be good for the higher targets.
Did the BTC ETF's help? It looks like we are stuck in a range since they were allowed. We will probably continue to go sideways for a while.
$VARA has broken out of it's downtrend and has been consolidating on top of it's trend line. I lean towards a big move higher from here. Once $VARA breaks the $.15 level, we should see continued upside. I've marked off key resistance levels to the upside, let's see how high we go.
We can attempt to buy INJUSDT from specified level as 0.5 FIB , HL , trendline support intact. SL , TP mention in chart.
If the price closes with a candle below the white line, I will wait for the pullback to look for sales with the orange line as the objective.
Clean liquidity being built. We know what to look out for
Time to revisit my favorite pink coin. AMP had a parabolic run that took place from October 23 2023 to March 11 2024. Since the high at .01682 we've had quite a sharp rejection and finally found support at .00568 on April 08 2024. Now let's dig into what could come next. Bullish white trend line:First touch point was December 26 2022, second touch was March 27...
Tracking the current cycle with trend lines formed by previous cycles.
After overnight short orders hit TP: 2343 this morning, gold has been fluctuating within the 2340-2345 area. Judging from the current gold trend, the downward trend of gold has slowed down, and it has rebounded again in the short term and exceeded the 2340-2345 area. But the weak situation has not changed.There are two voices in the current market. One is that...
FX:XAUUSD after a false breakdown of the support of the range is forming a correction, but within the upward consolidation channel. The fundamental background is still negative. There is no strong news in the next two days, so the fundamental background remains the same. There is no strong buyer on the market yet and thus, gold may continue its downward...
All the major markets are testing their upper band channels since their first major hump in the 90s. The Russell 2000 has reached its second hump and is on the way down. Though the Russell 2000 is the least known among the four indices, it serves as a leading indicator for the other three. Why? The Russell 2000 comprises 2000 mid-sized listed companies, which...