Natural Gas is overall bullish now. But, today its important to trade with caution, being Tuesday.
It already is trading below today's high.
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a SEBI Registered Analyst and it is only for Educational purposes. Please consult your financial advisor before making any...
Hello Traders!
In our previous post, we have gone thorough the analysis of $TVC:GOLD. As expected it has reached the target of $2250 and surpassed the level now. And with Fed Reserve rate cut news is circulating in our feeds, the Gold and Silver together has seen some surges. While the market sentiment is telling us to go long now but will it touch $2350?
⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the Asian session on Monday, the price of gold (XAU/USD) has attracted some buying interest around the $2,300 level and has reached a new all-time high in the last hour. The rally in the precious metal over the past couple of weeks has been driven by expectations that the Federal Reserve (Fed)...
Multiple support levels below current price are pretty strong. A lot depends on where the next few weeks take us. I see March as a possible reversal time or a possible turn to the downside. The Fed's decisions throughout the year will have an impact on silver's behavior.
DYOR.
As we witness XAUUSD (Gold Spot) nearing a pivotal point on the chart, it's time to tune into the market's rhythm. The recent uptrend has been strong, showing significant bullish momentum as it approaches the resistance line that has been containing the price action for a considerable time.
This zone, marked by the convergence of the long-standing resistance and...
🚨 GOLD (XAU/USD) TECHNICAL ANALYSIS - 2H CHART
Traders, we’ve got an interesting situation developing on the XAU/USD 2-hour chart. Here’s the lowdown:
✅ Entry: The price is hovering near the 21 EMA at $2,326, which is serving as immediate support. A bullish bounce from this area with a clear candlestick pattern might be a good entry point for a long position.
❌...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 85.033 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 83.400 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is...
Resistance Levels:
1. Resistance at $89.01 and $91.11: These levels represent significant barriers where selling pressure may intensify. Traders should watch for price action near these levels, as a breakout above could indicate further bullish momentum.
2. Secondary Resistance at $93.73 and $95.00: These are additional resistance levels beyond the initial...
DISCLAIMER
This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose.
Gold/USD (XAUUSD) Signal For 09 April 2024
Trade Idea 1
BUY LIMIT Order: $2328.57
Stop Loss: $2302.73
Take Profit 1: $2354.16
Take Profit 2: $2368.08
Trade Idea 2
BUY LIMIT Order: $2322.53
Stop Loss: $2302.73
Take Profit 1:...
It's obviously easy looking backwards. Using 3mos trend and longterm cycles, customized macd. Lowest risk with best reward.
It's probably what the smart money is using anyway.
Trend is 45 degrees, so you dont need re-tests.
Gold seems to be loosing momentum here with this emerging bearish divergence on 8h TF. RSI is massively overbought at 85 level on daily TF. My outlook on this is hold and expect a possible sharp correction to the downside following fed interest rate announcement on Wednesday. Trade cautiously and be safe
Today I took 3 losses. It was a really bad trading day. I didn't really follow my plan on the day and took 2 unnecessary losses. The one loss of the 3 I can live with but, I have to do better. There wasn't much give from the market today.
"I am eyeing an opportunity with a target price (TP) set at 2500, coupled with a stop-loss point at 2115, indicating a strategic approach to managing risk and maximizing returns in the market. FundamentaI stiII positive for goId"
Today's NFP data is bearish for gold. After a rapid decline, it rebounded and reached a new high near 2330. The 30m chart has already diverged, and there is a need for repair.
Therefore, after the market opens next week, the idea is to go short first and observe the support in the 2318-2312 range. If it falls below, consider around 2305, followed by around...
