I noticed this today (4 July 2023) and thought I'd share it with the community. I see bullish and bearish indicators both at play, but this could be a good thing.
CAD Futures - Last week we had a very strong price rejection which created a weekly pin bar. but we needed more evidence to support this. This evidence came in a form of Commercials changing positions which is at 91,572 net positions. This is the highest net position in the last 26 weeks. Also in another weeks time we will have the NFP and CPI reports coming...
Looking back on the chart, massive climbs were often preceded by abrupt dips. Stay shark.
Show me $4.50/lb copper. I'm ready for it. A bull run could top far higher than that too. I think $4.50 is a very conservative speculation. DYOR. I go strictly by the charts.
Last Week : Last week Globex opened and pushed out of Value of 5227 - 5066 Range, by RTH Open we were able to make a push over 5207.50 the Edge low but we needed acceptance over 5207 - 04 area and instead selling came in which took us through the Mean and right through VAL of that Range without any buyers being at VAL, instead we got covering and buying under...
If the markets continue to allow the metals to perform, copper could EASILY fly to $4.75 or higher in less than a year. DYOR Trade Slick
This is the main case currently. Wave C has finished with truncated wave 5. Currently at the final stage of wave 1 of 5. Bullish bias but no clear trade entry yet. Any longs has to have SL: 2305
Gold looks to want to go up from here. Short-term buy side for gold now. Fully based on technical. Do your own due diligence.
Gold is going up because demand has come back. I expect it to rise until it shows lack of demand on short term.
Below mentioned points are discussed in my post analysis video(Fast forward to 0:42 for Hindi Audio) -No Trades in the morning -Poor Volumes in nifty before 10 -Sold Nifty Future Below 22660; -How will i trade when market opens tom
Hi I want to buy gold in 2300-2982 for 2400 it is good support for buying gold
Gold price trend to continue buy during session It is expected that price will continue up trend And approach the price range of 2350 Gold price now 2315 TP1: 2335 TP2: 2450 TP3: 2490 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us
Finally, Gold is ticking above weekly support(Green line) and it seems we are trying to test supply zone after 2400 ATH.... I think it's better to be buyer till 4Hour resistance(Blue line) to see what will happen next.
traders Gold price is ready to Down 👇🏻 My dear subscribers My technical analysis is for Gold below The price is coming around a solid key Level 2349 Bis_ Bullish Gold market now 2349 limit Trade 2360 1st Target zone 2330 2nd Target zone 2300 Technical indicators Pivot point low anticipates a potential price reversal Super trend shows a clear buy giving...
After his aggressive correction , GOLD will continue his travel to the moon
traders Gold price is ready to fly My dear subscribers My technical analysis is for Gold below The price is coming around a solid key Level 2118 Bis_ Bullish Gold now market 2318 Limit Trade 2308 1st Target 2350 2nd Target 2390 Technical indicators Pivot point low anticipates a potential price reversal Super trend shows a clear buy giving a Perfect indicators...
We are waiting for the specified lines to be broken and then a buying and selling action will be taken