After 5 consecutive weeks of strong increases, world gold has just experienced a week of decline of 2.3% in value. According to forecasters, the gold market may witness many fluctuations this week when the US Federal Reserve (FED) is expected to reiterate its stance that it is not ready to lower interest rates before the summer. Bannockburn Global Forex CEO Marc...
After failing to breakout the Top Trendline price has started to make its way down towards the Bottom Trendline which has been forming itself this past week, if we get the break were expected ill take shorts targeting a 1% move down for the first Target with the rest targeting the most recent prominent low at 81.118
Last week, I had the satisfaction of web website hosting a webcast on gold and gold mining stocks, and I become satisfied to be joined via way of means of portfolio supervisor Ralph Aldis. Thanks to all who participated! Regretfully, I`m now no longer accepted to proportion a replay of our dialogue because it become supposed for economic advisors, however there...
CME_MINI:NQM2024 - PR High: 17877.25 - PR Low: 17852.50 - NZ Spread: 55.25 No significant economic calendar events Climbing back to 18000 - Partial weekend gap fill - Found inventory in 17850s - Above Friday's high Evening Stats (As of 12:35 AM) - Weekend Gap: +0.16 (open < 17840) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 302.43 - Volume: 23K -...
Gold fell to a 2-week low of 2391 at the beginning of last week, but buying has resumed after a weaker-than-expected US GDP Q1 data, leading the price to reach 2352 before the US session on Friday. There were no surprises in the release of the U.S. inflation figures on that day; therefore, the market was relatively quiet before the weekend. Two major U.S....
I'm temporary bullish/ trading. resistance broken last week. I think it's time for rebound.. and continue down later/ end of week. Incoming News/data flow. Choose your battle that your percentage of winning higher. Whether it's timing/ chart pattern etc All the best NB: Dollar will be stronger this year because I think status quo of any rate...
Good morning everyone, today on the euro pair, After 26 weeks we had the highest number of Negative net positions for the EUR futures. And we had a Buy signal from the commercial side. Alongside that we can see the DXY is slowing down after starting off 2024 with very strong movement to the upside.
IMO, as long the gold doesn't hit below 2292, the trend is still bullish. So in a bullish trend, i assume several keys to consider: Gold currently retrace to the daily demand 24 April Gold also (currently) retrace from the 4h demand at 2320-2325 To enter, i use the more aggresive timeframe like 5m and 1m. There's an order block and also dominant break buy...
Bank Nifty in fact never turned bearish. Also the sellers who are at 49000 do not seem as strong as the ones at 22800 for Nifty. On the whole, looks like if the market flies to the moon, Bank Nifty could land in Mars.
Bearish on NQ. PDAs as identified. Trying not to spend too much time predicting the narrative at the beginning of the week, however price is likely to interact with these zones.
Nifty Weekly candle closure becomes crucial. But in the last couple of weeks whenever we talked of weekly highs or lows, they were taken the same day. In any case, 22800 is the speed breaker on the upward journey.
Crude Oil is Bearish Soon because the flag pattern and Harmonics AB=CD is performed in 4H chart.
Nobody knows the future so I just track parameters using Elliott Wave and also s/d zones. Let's see where support holds and I'll be watching for an impulse higher to signal the bottom is in. Otherwise, if we break 83 with feeling, then I'll watch 82 and 80.70 for support levels. If all of those break, then any meaningful rally is delayed for weeks or more. All imo...
We see price take out all sellside liquidity from a HTF. This signifies that price is willing to go lower to finally pullback from a weekly perspective. Intraday buys to sell are still a good option, however because there is a clear market structure shift on the daily based on candle closures, we can possibly expect a mitigation of higher prices to 2382.61 ...
1. Price swept a lot of low resistance lows with this bearish impulse, and created a new Swing Low. This is the External move. 2. Price retraced to the -FVG, a premium PD Array. This is an Internal Range Liquidity move. Expecting price to wick up past the PDH, but close inside the -FVG, and potentially end the retracement. Bearish PA should follow. Price is in...
CRUDE OIL, is expected to find a bottom really soon based on fib and if this is a 1-2 1-2 (elliot wave), we are about to be hit by a monster 3, driving prices to $100+ by mid-end july. I believe there is a strong chance we hold these levels drawn below. IT IS possible we come lower than those levels to get a deeper retest before going higher, as long as we dont...
Last Week : Last week Globex opened inside the Value of 5086 - 4925 Range and right away found buying that started pushing us towards VAH. RTH gave us a push out of Value and holds above brought in more buyers to give us pushes to the Edge and attempts at Previous Ranges VAL/Value area but that move was sold back down towards the Edge and back under 5086 brought...
Looking for an Internal to External move this week. From the Weekly -FVG to the low at 1.06285. The early part of the week may see price head up to sweep LQ before turning over and dropping. * Should the 4H show a bearish break of structure with a strong close, it may provide an early signal that the retracement has ended and sells should be sought. LIKE,...